Financial Modeling Salary in India, Average Pay, Salary Growth
Swati Kumar4 Oct, 2025Share
Financial Modeling Salary in India: Financial modeling professionals in India enjoy high salary packages with the increasing demand for their skill sets in the finance and investment sectors. The average salary for Financial Modelling professionals ranges from Rs 4.2 lakhs per year for fresh graduates. Senior-level experts earn around Rs 50 LPA in top firms.
Financial Modeling Salary in India is diverse, depending on the role, with financial analysts, senior analysts, managers, and vice presidents being paid increasingly higher salaries. The salary growth scope in financial modeling is encouraging due to rising complexities of financial analysis, growth of private equity and investment banking, and an ever-increasing demand for data-driven business decisions in Indian businesses.
Financial Modeling Salary in India Overview
Financial modeling is a very coveted skill in India's finance industry, essential for company analysis, forecasting, and strategic decision-making. The financial modeling salary for professionals ranges extensively. Freshers earn around Rs 4.2 to Rs 7 lakhs per year, while senior-level professionals command over Rs 50 lakhs per year.
The following is the summary of the Financial Modeling Salary in India:
| Financial Modeling Salary in India Overview | |
| Particulars | Details |
| Average Salary | ₹4.2 lakhs per year for freshers |
| Salary Growth Scope | Strong growth potential with experience, skills, and certifications |
| Factors Influencing Salary | Experience, location, company size, industry, and educational qualifications |
| Top Paying Cities | Mumbai, Bengaluru, Delhi, Chennai, Pune |
| Highest Salary Reported | Up to ₹243 lakhs per year for top 1% experts |
| Key Employers | Investment banks, private equity firms, consulting firms, and financial institutions |
Average Salary for Financial Modelling Professionals
Indian financial modeling professionals receive competitive salaries based on experience, job title, and sector. Fresher’s salary ranges between Rs 4.2 lakhs and Rs 7 lakhs a year. Salary increase is high because of rising demand in corporate finance, private equity, and investment banking, and thus, financial modeling is a high-paying and promising profession in India.
Provided below is an overview of the average salary by job role in Financial Modelling:
| Average Salary for Financial Modelling Professionals | ||
| Job Role | Average Salary (Rs per annum) | Salary Range (Rs per annum) |
| Financial Analyst (Entry) | 4.5 - 7.2 lakhs | 3.5 - 6 lakhs |
| Junior Financial Analyst | 4.2 - 6.6 lakhs | 3.5 - 6 lakhs |
| Senior Financial Analyst | 6.45 - 16.5 lakhs | 6.45 - 20 lakhs |
| Financial Manager | 5.3 - 30 lakhs | 5.3 - 30 lakhs |
| Senior Finance Manager | 9.4 - 40 lakhs | 9.4 - 40 lakhs |
| Vice-President (Finance) | 20 - 60 lakhs | 20 - 60 lakhs |
| Investment Banking Associate | approx. 15 lakhs | 2.9 - 20 lakhs |
Entry-Level Financial Modeling Salary in India
Entry-level professionals get an annual salary of between Rs 4.2 lakhs and Rs 7 lakhs in India. Salary varies on the basis of educational qualification, company size, and location.
Higher entry-level salaries are found in tier-one investment banks and multinational corporations, typically between Rs 10-12 lakhs for applicants with specialized certifications such as Online MBA or professional degrees.
Presented below is the summary of the Entry-Level Financial Modeling Salary in India for various job roles:
| Entry-Level Financial Modeling Salary in India | ||
| Job Role | Monthly Salary (Rs) | Annual Salary (Rs Lakhs) |
| Financial Analyst Intern | 30,000 - 50,000 | 3.5 - 6 |
| Junior Financial Analyst | 35,000 - 55,000 | 4.2 - 6.6 |
| Entry-Level Financial Analyst | 40,000 - 60,000 | 4.5 - 7.2 |
Mid-Level Financial Modeling Salary in India
Mid-level financial modelers in India, with experience ranging from 3 to 6 years, have much higher compensation packages reflecting their higher expertise and additional responsibilities. Mid-level jobs entail overseeing financial analysis, forecasting, budgeting, and client advisory, which lead to higher salary increments and career progression prospects.
Explore the Mid-Level Financial Modeling Salary in India at different job levels in the following table:
| Mid-Level Financial Modeling Salary in India | |||
| Job Role | Experience Range | Average Salary (Rs Lakhs/Year) | Salary Range (Rs Lakhs/Year) |
| Senior Financial Analyst | 3-6 years | 6.45 - 16.5 | 3.6 - 17.2 |
| Associate - Private Equity | 3-6 years | 10 - 20 | 4 - 45 |
| Big Four Consultant | 3-6 years | 10 - 32.5 | 10 - 32.5 |
| Mid-Level Financial Manager | 3-6 years | 5.3 - 30 | 5.3 - 30 |
Senior-Level Financial Modeling Salary in India
Senior-level financial modeling professionals in India have some of the highest pay in the finance sector, given their highly developed skills and leadership positions. With experience of more than 7 years, such professionals earn between Rs 9.5 lakhs and Rs 60 lakhs per year, based on the company and industry.
Check out the salary for financial modelling in India based on your experience:
| Senior-Level Financial Modeling Salary in India | |||
| Job Role | Experience | Average Salary (Rs Lakhs/Year) | Salary Range (Rs Lakhs/Year) |
| Senior Financial Analyst | 7+ years | 9.5 | 3.2 - 20 |
| Financial Manager | 7+ years | 12.7 | 5.3 - 30 |
| Senior Finance Manager | 7+ years | 25.2 | 9.4 - 40 |
| Vice President (Finance) | 10+ years | 36.4 | 20 - 60 |
| Investment Banking Associate | 7+ years | 11.4 | 2.9 - 20 |
Financial Modeling Salary in India By Qualification
Financial modeling salary in India depends greatly on the qualifications of experts. Graduates in engineering with finance specialization and holders of international degrees tend to fetch high pay, with international degrees commanding up to Rs 20 lakhs or more.
The following table provides information on the Financial Modeling Average Salary depending on your qualification.
| Financial Modeling Salary in India By Qualification | |
| Qualification | Average Salary (Rs Lakhs per annum) |
| Undergraduate Degree (B.Com, BBA, etc.) | 3 – 6 |
| Postgraduate Degree (MBA, M.Com, etc.) | 7 – 12 |
| Professional Certifications (CFA, CA, etc.) | 8 – 15 |
| Engineering Graduates with Finance Specialization | 5 – 9 |
| International Degrees (e.g., MS in Finance, MBA from international institutions) | 12 – 20 |
Financial Modelling Salary Growth Scope
Financial modeling offers a high-salary development scope in India due to its significance in business decision-making and investment analysis. With experience and enhancement of financial analysis, valuation, and forecasting capabilities, their salaries increase tremendously.
Senior roles, such as investment bankers, financial managers, and finance directors, are paid much more, typically topped up by bonuses based on performance. The demand for experienced financial modelers is growing within investment banking, private equity, and corporate finance.
Companies Hiring Financial Modelling
Employers of financial modeling professionals are premier international consulting firms, private equity companies, investment banks, and large corporations. They recruit talented financial modelers to facilitate decision-making, investment analysis, and strategic planning.
The requirement of financial modeling skills cuts across the finance, consulting, technology, and manufacturing sectors. The following are some companies that hire Financial Modelling professionals:
| Companies Hiring Financial Modelling | ||
| EY (Ernst & Young) | KPMG India | PwC India (PricewaterhouseCoopers) |
| Deloitte India | TresVista | Visible Alpha |
| Acquisory Consulting LLP | Goldman Sachs | Tata Consultancy Services |
FAQs
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