The average salary of an investment banker in India is ₹1,10,000 per month. This is a highly competitive industry, so the majority of employees make more than this amount. Investment banking jobs are highly sought after and are considered among the best for paying high salaries.
The average starting salary for an investment banker in India is ₹15 lakh per year, which is approximately $23,000 USD. The average salary for mid-level bankers is ₹55 lakh per year, or approximately $80,000 USD. Higher-level bankers can earn up to ₹1 crore per year (approximately $160,000 USD).
Salaries vary depending on location and experience level, but they tend to be higher in cities like Mumbai or Bangalore due to the higher cost of living there compared to other locations such as Hyderabad or Delhi.
Investment Banking Salary In India
Investment Banking is one of the fastest-growing sectors in the country and with a gradual increase in demand, Investment Banking is now being considered as one of the most profitable jobs globally. In fact, Investment banking is a popular profession among young aspirants for the on point professionalism and attractive packages. The Investment Banker salary in the country is at a higher pay scale.
The average Investment Banker Salary ranges between INR 1.9 L which can reach upto INR 29 L annually with gradual experience and knowledge. The entry level or fresher Investment Banker Salary with less than 1 year experience can expect an average of total compensation around INR 6.50 L annually based on 29 salaries provided by different banks and companies. Also Check: Investment Banker Jobs
The average Invetsment Banker Salary across various companies such as HDFC Bank, Kotak Mahindra Bank Ltd. is INR 2.2 L and INR 3.5 L respectively. The Investment Banker Salary across top global banks such as Goldman Sachs ranges from INR 17.94 L annually. Check: Career as a Banker
For candidates who aspire to become an Investment Banker can pursue several Undergraduate and Postgraduate Banking Courses, Investment Banking Courses or Finance Courses from various Top Finance Colleges across the country. Read More: Roles and Responsibilities of an Investment Banker
Investment Banker Salary in India
The salary of Investment Bankers vary according to profile and experience but it is observed that the average banker salary in India is approx INR 9.61 lakh per year and It can range from INR 2.46 lakh per annum to INR 70 lakh per annum, including shared profits and bonuses.
Investment Banker Salary in India: Company Wise
The demand for investment bankers has risen exponentially in the last few years as companies need their help to raise funds, Invest in projects and capital for their projects. As there are a growing number of investors in the country, investment bankers have become a sought-after experience in the Indian financial industry. Indian investment banking activities had generated $523 million in fees, which was 10.8% higher than last year’s performance this data is given in HICY19 (calendar year)
According to a recent study some of the popular employers of investment bankers are investment banks such as Goldman Sachs, Morgan Stanley, Axis bank etc. An investment banker’s average pay ranges from INR 14 lakh to INR 15.5 lakh per year at Morgan Stanley. Similarly, At the UBS Investment Bank the salary of an investment banker ranges from INR 7 lakh per annum to INR 35.9 lakh per annum.
Listed below are the average salary of Investment Bankers on the basis of various banks they work with,
HDFC Bank
HDFC Bank is one of the leading private sector banks that provides multiple services. It is also the fifteenth largest employer in India. The average salary received by an Investment Banker working for HDFC bank is tabulated below,
| Name of the Bank | Average Annual Salary (INR) | Work Experience |
|---|---|---|
| HDFC Bank | 2.2 L | 0-2 years |
Check: Career as a Banker
ICICI Bank
ICICI Bank comes in the financial services Industry .ICICI bank has a network of 5,275 branches and presence in 17 countries. The average salary received by an Investment Banker working for ICICI bank is tabulated below,
| Name of the Bank | Average Annual Salary (INR) | Work Experience |
|---|---|---|
| ICICI Bank | 5.2 L | 0-5 years |
Axis Bank
Axis Bank is an Indian banking and financial services company worth revenue of Rs.80, 847 crore and approx 78,300 employees. The average salary received by an Investment Banker working for Axis bank is tabulated below,
| Name of the Bank | Average Annual Salary (INR) | Work Experience |
|---|---|---|
| Axis Bank | 8.57 L | 0-5 years |
Kotak Mahindra Bank Ltd.
Kotak Mahindra Bank is also an Indian Private sector providing services like banking products and financial services for corporate and retail customers in various areas. The average salary received by an Investment Banker working for Kotak Mahindra bank is tabulated below,
| Name of the Bank | Average Annual Salary (INR) | Work Experience |
|---|---|---|
| Kotak Mahindra Bank | 3.5 L | 0-2 years |
Induslnd Bank
Induslnd Bank delivers commercial, transactional and electronics banking products and services.Inaugurated by former Union Finance Minister Manmohan Singh in April 1994. The average salary received by an Investment Banker working for IndusInd bank is tabulated below,
| Name of the Bank | Average Annual Salary (INR) | Work Experience |
|---|---|---|
| Induslnd Bank | 7.89 L | 0-5 years |
Yes Bank
Yes Bank is an Indian private sector bank that accommodates retail and banking and asset management services. It is also an associate of State Bank of India. The average salary received by an Investment Banker working for Yes bank is tabulated below,
| Name of the Bank | Average Annual Salary (INR) | Work Experience |
|---|---|---|
| Yes Bank | 16.7 L | 1-9 years |
Federal Bank Ltd.
Federal bank is a major private sector bank with its headquarters in Kochi and has 1272 branches across the country. It also has its representative offices at Abu Dhabi, Qatar, Kuwait, Oman and Dubai. The average salary received by an Investment Banker working for Federal bank is tabulated below,
| Name of the Bank | Average Annual Salary (INR) | Work Experience |
|---|---|---|
| Federal Bank | 4.4 L | 0-4 years |
IDFC First Bank Ltd
IDFC was the first bank to receive a universal banking license from the Reserve Bank of India (RBI) in July 2015. The average salary received by an Investment Banker working for IDFC bank is tabulated below,
| Name of the Bank | Average Annual Salary (INR) | Work Experience |
|---|---|---|
| IDFC First Bank Ltd. | 3 L | 0-2 years |
Goldman Sachs
Goldman Sachs is an American multinational financial services and investment bank formed in 1869.One of the leading Banks in terms of revenue. The average salary received by an Investment Banker working for Goldman Sachs is tabulated below,
| Name of the Bank | Average Annual Salary (INR) | Work Experience |
|---|---|---|
| Goldman Sachs | 17.94 L | 1-10 years |
JP Morgan
It is also an American Multinational investment bank and will be the largest bank in the United States by 2020 and fourth largest bank in the world in terms of assets worth US$ 3.386 trillion. The average salary received by an Investment Banker working for JP Morgan Chase is tabulated below,
| Name of the Bank | Average Annual Salary (INR) | Work Experience |
|---|---|---|
| JP Morgan Chase | 16.36 L | 0-9 years |
Investment Banker Salary in India: State Wise
The state wise salary of Investment Bankers in India are tabulated below for your reference.
Mumbai
There are many Mumbai based companies that provide jobs and as the alpha world city it has headquarters of the most famous bank. Here is the list of Banks situated at Mumbai providing jobs for Investment Bankers.
| Name of the Bank | Average Annual Salary (INR) |
|---|---|
| Centrum Capital | 14.3 L |
| Motilal Oswal Financial Services | 20.7 L |
| Ambit | 9 L |
| Axis Capital | 14 L |
| The Rainmaker Group | 40.5 L |
Bangalore
Bangalore is another city that is famous for its booming IT sector and hub for different tech companies but if you are a candidate who wants to build a career in the capital market, equities, and derivatives, you ought to enrol yourself in an investment banking job training in Bangalore.
| Name of the Bank | Average Annual Salary (INR) |
|---|---|
| ICICI Bank | 5.2 L |
| HSBC Bank | 6 L |
| Standard Chartered | 5 L |
| Bank of America | 12 L |
Pune
Pune is the largest second city in Maharashtra .Famous for IT Hub and top at the automobile and manufacturing hub of India. As manufacturing units are at boom the need for Investment bankers are also increasing in pune.
| Name of the Bank | Average Annual Salary (INR) |
|---|---|
| ICICI Bank | 5.2 L |
| HDFC Bank | 4.02 L |
| HSBC Bank | 7 L |
| Axis Bank | 5 L |
Hyderabad
Hyderabad is the capital and also largest city of Telangana state. Hyderabad is also known as the largest contributor to the gross domestic product (GDP).There are many small businesses and start ups coming from Hyderabad and getting global recognition.
| Name of the Bank | Average Annual Salary (INR) |
|---|---|
| ICICI Bank | 19 L |
| HSBC Bank | 20 L |
| Kotak Mahindra | 3 L |
| HDFC Bank | 11 L |
Delhi
Capital of India and the second wealthiest city in India. It also has the second highest GDP per capita in India. Delhi stands as one of the major business cities and Delhi economy has also been growing in the last few years.
| Name of the Bank | Average Annual Salary (INR) |
|---|---|
| ICICI Bank | 2.58 L |
| HDFC Bank | 4.02 L |
| Standard Chartered Bank | 6.30 L |
| Axis Bank | 4.25 L |
| Kotak Mahindra Bank | 4 L |
Investment Banker Salary in India: Experience Wise
Investment Banking is a challenging job at start but after a little time as experience increases the package they are proportionate to each other. As with experience you will get to know more about the changing market.
Fresher Salary
Freshers with less than 1 year of experience or no experience can expect to earn as Investment Banker an average total compensation (includes tips, bonus, and overtime pay) of INR 6.50 L based on 29 salaries.
Mid Level Salary
The individual with 1-4 years of experience as an early career Investment Banker earns an average total compensation of INR 712,155 based on 70 salaries. A mid-level Investment Banker with approx 5-9 years of experience earns an average total compensation of INR15.48 L based on 37 salaries.
Senior Level Salary
An Investment Banker with 10-19 years of experience earns an average total compensation of INR 2,947,906 based on 18 salaries. In their late career (20 years and higher); employees earn an average total compensation of INR 41.50 L
| Experience Level | Average Annual Salary (INR) |
|---|---|
| Entry level position | 3.50 L and above |
| Experienced Professionals | 7.12 L and above |
| Average Salary | 10 L and above |
