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Salary of an Investment Banker: In India, Per Month, Starting Salary, Highest Salary, Average Salary

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Ahana Bhaduri

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The starting salary of an Investment Banker with less than 2 years of experience can expect a salary of INR 3.8 LPA while an Investment banker with above 10 years of experience can expect a salary of more than INR 17 LPA and above. There are several determinant factors on which the salary of an Investment Banker depends, such as skills, experience, location and company profile. To Become an Investment Banker, aspiring candidates must pursue Undergraduate and Postgraduate Investment Banking courses such as BBA Finance and Investment, B.Com(Hons), MBA in Finance or MBA in Investment Banking. Chartered Accountants or candidates who are pursuing Chartered Accountancy can also become Investment Bankers. Bankers, Investment Bankers and Chartered Accountants are one of the most sought-after professions in India.

 

Average Salary of an Investment Banker

Investment Bankers examine the financial status and capital requirements and plan a suitable strategy for achieving financial goals.The average salary of an Investment Banker in India is INR 11.61 LPA with substantial years of relevant experience. According to Glassdoor, the starting salary of an Investment Banker ranges between INR 2.5 LPA - 5 LPA. An Investment Banker with a relevant degree and updated skills along with experience for about 5 to 9 years can earn up to INR 20.50 LPA. 

Some of the top recruiters of Investment Bankers are Wipro, IBM, Morgan Stanley, Barclays, etc. Morgan Stanley and Goldman Sachs top the chart amongst highest paying companies to Investment Bankers with an average salary ranging between INR 14.00 LPA – 15.50 LPA. The highest salary of an Investment Banker can go up to as much as INR 27.20 LPA – 30 LPA. 

Read More: 

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Salary of an Investment Banker: Company Wise

The company in which a person is employed is a crucial determinant factor in the salary of an Investment Banker. The prominent employers of investment bankers include Goldman Sachs and Morgan Stanley and UBS Bank. The table below shows the average annual salary of an Investment Banker in different organizations for your reference,

Name of the Company Average Annual Salary (INR)
Wipro 6.02 L
ICICI Bank 7.20 L
UBS Investment Bank 13.60 L
JP Morgan 21.63 L
IBM 7.11 L
HSBC 11.05 L
Barclays 13.20 L
Kotak Mahindra 7.39 L
Morgan Stanley 15.22 L

Salary of an Investment Banker: Qualification Wise

In order to become an Investment Banker, candidates need to be well qualified. There are several courses that candidates aspiring to become Investment Bankers can pursue. Academic qualifications play a very important role in determining the salary of a candidate. Tabulated below is the salary of an Investment Banker based on their qualifications.

Qualification Average Annual Salary (INR)
Certificate Courses 3.26 L
Diploma & PG Diploma Degree 5.51 L
Undergraduate Degree 8.10 L
Postgraduate Degree 15.87 L

Salary of an Investment Banker: Hierarchy Wise

The salary of an Investment Banker varies according to the job profile. The average salary of an Investment Banker based on their specialization is provided below for your reference.

Specialization Average Annual Salary (INR)
Vice President  60.66 L
Director  35.02 L
Investment Banker Analyst 19.11 L
Investment Banker Associate 8.91 L

Salary of an Investment Banker: Skill Wise

Having specific technical skills will help candidates get high-paying jobs. Some of the most popular skills of an Investment Banker and the salary is tabulated below for your reference,

Skills Average Annual Salary (INR)
Investment Banking 7.10 L
Private Equity 6.22 L
CFA 10.00 L
Due Diligence 9.51 l
Financial Planning 9.77 L
Risk management 12.20 L

Salary of an Investment Banker: Experience Wise

The experience one has as an Investment banker is directly proportional to the salary in the banking industry. The salary of an Investment Banker based on years of experience is provided below for your reference, 

Experience Average Annual Salary (INR)
0 - 5 years 7.90 L
6 - 10 years 14.20 L
11 - 15 years 18 L
16 - 20 years 30.44 L
20 years & above 40 L & above

Salary of an Investment Banker: City Wise

The salary of an Investment Banker varies from city to city. The salary bar in metro cities are comparatively higher as compared to those of middle tier cities. Tabulated below is the salary of an Investment Banker across different cities for your reference, 

Name of the City Average Annual Salary (INR)
Delhi 9.50 L
Gurugram 9.20 L
Mumbai 8.80 L
Hyderabad 8.50 L
Ahmedabad 8.10 L
Bangalore 6.30 L
Pune 4.60 L

Salary of an Investment Banker: Country Wise

Career as an Investment Banker has seen considerable growth globally. Countries like the UK, USA, Australia & Canada are some of the top countries for Scientists. The average salary of an Investment Banker in different countries is tabulated below for your reference,

Country Average Annual Salary (INR)
USA 58.62 L
UK 65.76 L
Australia 52.26 L
Canada 57.91 L
Germany 78.39 L
Japan 42.11 L

Investment Banker Skills

In order to be a successful Scientist, the candidate must possess the following set of soft skills and technical skills. Some of the skills are mentioned below for your reference, 

Detail oriented Diligence Analytical Skills
Logical Approach Communication Skills Project Management
Financial Modeling Investment Advisory Risk Management

Top Recruiters of Investment Bankers

The top companies that hire fresher, as well as experienced Investment Banker, are given below for your knowledge,

Morgan Stanley Barclays ICICI Bank
Accenture Ernst & Young Tata Consultancy Services
UBM Bank HSBC Axis Bank

Salary of an Investment Banker: FAQs

Ques. Which Course should I pursue to become an Investment Banker?

Ans. There is no such course to become an investment banker. The candidate must have completed graduation (preferably in commerce). The candidate must pursue an MBA in Finance.

Ques. What is the Lowest salary of an Investment Banker?

Ans. According to Glassdoor, the lowest salary of an Investment banker in India is INR 23.76 LPA.

Ques. What are the courses available to pursue Investment Banking?

Ans. The courses to pursue investment banking are 

  • BA in Finance, 
  • MBA in Finance,
  •  B.Com
  • BBA Finance and Investment, 
  • MBA in Investment Banking.

Ques. What are the types of investment banker jobs?

Ans. There are several kinds of Investment banking jobs such as:

  • Mergers & acquisitions
  • Trading 
  • Private Equity
  • Book Building

Ques. Who are the top recruiters for Investment Bankers?

Ans. The top recruiters for Investment bankers are :

  • JP Morgan
  • Indusind Bank
  • ICICI Bank
  • HSBC Bank
  • Kotak Mahindra Bank

Ques. What is the Highest salary of an Investment Banker in India?

Ans. According to Glassdoor, the highest salary of an Investment Banker in India is around INR 73.45 LPA.

Ques. What is the average cost to become an Investment Banker in India?

Ans. The average course fee to pursue Investment Banking in India is around INR 60,000 - 4.10 L in private institutions. In Government colleges, it will be comparatively less.

Ques. What are the benefits of becoming an Investment Banker?

Ans. There are several benefits of becoming an Investment Banker such as,

  • Handsome salary
  • Promotional Benefits
  • International opportunities
  • Job security

Ques. What is the average Course fee for pursuing Investment Banking abroad?

Ans. The average course fee for pursuing investment banking abroad is different in different countries. It will cost around INR 12 L- 36 L. The candidates can opt for scholarships. It covers course fees and some scholarships offer living expenses too.

Master of Business Administration [MBA] (Finance) : 70 answered questions

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Ques. How good is the department of financial studies MBA (FM), Delhi University?

● Top Answer By Akriti Banerjee on 15 Sept 23

Ans. My brother was a student at this college and so this answer is based on his experience solely. The Department of Financial Studies is a CFA-affiliated college wherein you can get a scholarship for pursuing a CFA degree. Its MBA program is highly coveted. It's the best option for you if you want to pursue a career in Finance and fail to make it to other B Schools. Here are some factors to consider  Fees: The low fees charged by DFS is the USP of the college. You can pursue an MBA at just 26000. IIMs fees on the other end are very high Around 13–24 lakhs. So DFS offers a better ROI than IIMs. Curriculum: Curriculum-wise, DFS cannot be compared to IIMs that have excellent course structure at par with foreign universities. DFS follows the semester pattern, unlike the trimester pattern in IIMs. IIMs conduct case study competitions but this is not the case at DFS. Faculty : DFS has some very well-educated and experienced faculty members much better than at least the new IIMs. Placement: The placements at DFS are at par with new IIMs only and not other top IIMs.  Alumni: The small batch size of DFS has failed to establish an elaborate alumni base in contrast to IIM Ahmedabad. Ultimately, if you don’t want a huge loan to repay at the end of 2 years or the IIM tag, DFS is the best optionRead more
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Ques. How are the placements in the NL Dalmia College for an MBA in finance?

● Top Answer By Tanisha Jain on 27 May 22

Ans. NL Dalmia placements are good for MBA in Finance. During 2022 placements Finance was the top sector recruiting students. Students received an average CTC of INR 6.5 LPA. The highest CTC offered in this sector goes up to INR 13 LPA. Some of the major recruiters from the Finance sector are Crisil, HDFC, Amul, City Bank, etc. Read more
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Ques. How is IMT Ghaziabad if you get a PGDM (finance) here?

● Top Answer By Tanuj Chandra on 16 Feb 23

Ans. IMT Ghaziabad consistently ranks amongst the top 20 MBA colleges in the country. In terms of exposure, you will have the opportunity to interact with good visiting faculty and your batchmates will be people who have ranked amongst the top percentile in CAT. The college also has a vibrant campus life with lots of extra-curricular activities. However, like all private-funded colleges, there are certain seats allotted to the management quota. When considering attending IMT Ghaziabad, it is important to consider your career goals. If you are looking for a pure finance role (PGDM) in front-end Investment banking or PE, IMT Ghaziabad may not be the best fit, as core finance roles are limited. However, there are opportunities for corporate finance jobs and banks visit campus for recruitment.Read more
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Ques. What is the difference between PGDM BFSI and PGDM Finance at IMT Ghaziabad ?

● Top Answer By Sreetoma Gupta on 04 Jun 23

Ans. The emphasis of the curriculum distinguishes the IMT Ghaziabad PGDM Finance programme from the full-time PGDM program. A general management education, including instruction in marketing, finance, operations, and strategy, is provided via the full-time PGDM programme. The program's participants will enroll in a range of business-related courses. On the other side, the PGDM Finance programme specialises in finance and related fields. With the option to specialise in fields including corporate finance, investment banking, and financial analysis, students in this programme will take courses that are highly focused on accounting and finance.Read more
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Ques. How good is IMT Hyderabad for MBA in Finance in terms of ROI?

● Top Answer By Nivedita Trivedi on 11 Jul 23

Ans. There is no fixed ROI one can expect after completing MBA in Finance from IMT Hyderabad. It all depends on your academic profile and the way you spent 2 years here. Some students here come just for enjoying campus life while some take academics seriously and give it their all. The ROI directly depends on your skills and performance in the interview and cannot be generalized.Read more
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Ques. Which is better, IMI Delhi PGDM or IMT-G PGDM Finance?

● Top Answer By Ankit Bhansali on 03 Mar 23

Ans. Both the options you mentioned, IMI Delhi PGDM and IMT G Finance are good in their own individual aspects. So you should rather be asking which is better for you. Now this depends on what you really want from your PGDM. By choosing PGDM Finance you will limit yourself only to the Finance sector, whereas a PGDM core will give you a chance to explore various domains before selecting your specialization. The former is a good option if you are certain about your interest in Finance and want to excel in that sector no matter what while the latter is good if you are open to all options. Talking about IMI Delhi in general, the B School offers an abundance of opportunities through student bodies and other student driven activities. Moreover the additional locational advantage is what makes it a fairly good option. The batch size is also not too big and thus balances the student teacher ratio. Placements are pretty decent at IMI Delhi. The IMI Delhi average package (overall) offered during 2023 placements was INR 17.01 LPA. For PGDM, PGDM (B&FS), and PGDM (HR) the average package stood at INR 17.20 LPA, INR 16.48 LPA, and INR 15.58 LPA, respectively. The primary highlight of the B School is its student exchange program wherein students from foreign universities join the B School for a fixed period while students from IMI Delhi visit a foreign university in exchange. All these factors make IMI Delhi a very good choice in comparison to IMT G.Read more
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Ques. Which is best -MBA in finance from ISB Hyderabad or top IIMS A/B/C?

● Top Answer By Prakriti Sharma on 30 Jan 23

Ans. ISB Hyderabad is known for its lack of specialization in Finance. It’s a common understanding now that even if one is preferring ISB Hyderabad for admission, they know that they should go for anything but Finance. Studying some aspects will give you a deeper insight as to why MBA in Finance from ISB Hyderabad is not recommended. Faculty: Although the visiting faculty is quite decent, it’s the domestic faculty that has ruined the culture at ISB. They are arrogant, pathetic, and extremely incapable. They insult the students regularly and disturb student-teacher relations. Placements: The roles offered in Finance were below average like Operations, Sales, and BD roles. Such roles were offered in abundance by the banks or start-ups. However, the superior roles like IB/PE/VC/M&A/FP&A/Equity Research/Credit Rating/Asset Management/TAS were offered scarcely. For instance  only 10 FP and A roles were allotted that too only to CAs Only one Investment banking role was offered by Barclays Only 5 PE/bc roles were offered and there was a strong preference for a prior IB/PE/VC experience and IIT undergraduate background. One M and A role was offered only 4 Asset Management and zero Equity Research and Credit Rating roles were offered. So the best roles were offered limitedly while the batch size stood at 900. Most students ended up with unsatisfactory placements. Now you can decide whether or not to join if you are confident to face the placement scenario.Read more
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Ques. Which college would you go for if you were interested in an MBA in finance among new IIMs and IIT Madras?

● Top Answer By Lovish Bajaj on 21 Jun 24

Ans. Almost all of the colleges listed here are in the top 20 list of MBA colleges in India for Finance. Among the new IIMs, the ones good for Finance are IIM Ranchi, IIM Rohtak, IIM Raipur, IIM Udaipur, and IIM Kashipur.  The table below draws a comparison of the MBA programs offered by the institutes. Institute Fees Average CTC New IIMs IIM Ranchi- 17.5 Lakh IIM Ranchi- 18.37 LPA IIM Rohtak- 17.6 Lakh IIM Rohtak- 19.27 LPA IIM Raipur- 16.1 Lakh IIM Raipur- 19.7 LPA IIM Udaipur- 19 Lakh IIM Udaipur- 20.3 LPA IIM Kashipur- 17.3 Lakh IIM Kashipur- 18.10 LPA IIM Shillong 22.71 Lakh 26.1 LPA XIMB 21.3 lakh 15.12 LPA IMT Ghaziabad 21.5 lakhs 16.56 LPA IIT Madras 10.9 lakhs 16.93 LPA IMI Delhi 22.25 LPA 17.20 LPA TAPMI  19.45 LPA 13.84 LPA Top recruiters at these institutes include Tata Steel, Cognizant, Capgemini, Accenture, Apollo Munich, Godrej, Emami, Nestle, Titan, Maruti Suzuki, PCBL, HDFC Bank, Mu Sigma, Larsen & Toubro, GMR, Tata Steel, Godrej & Boyce, and Vedanta and many more.  All of the mentioned institutes are good for MBA in Finance. However I would recommend IIT Madras as it has the lowest fees and a good average package.Read more
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Ques. How good is NL Dalmia for MBA in finance? My other options are SIES (MMS) & Welingkar (PGDM). Any help will be appreciated?

● Top Answer By Akash Roychowdhury on 08 Jun 21

Ans. Before joining any college it's better to perform some research on it. The foremost thing is you need to know all the placement details from alumni or the students who are currently studying in that college. Don’t choose a college based only on their advertisement. Dalmia NL, SIES (MMS), and Welingker(PGDM) all these colleges are well-reputed institutions in Mumbai for management studies. I have friends pursuing their studies at these colleges. Based on what I heard, I will say N L Dalmia is the best college among these three. It has better placement records, ranking, and reputation. For Finance specialization, N L Dalmia has a limited student intake, i.e. 60 seats. Additionally, the institute has Mumbai's first Bloomberg Finance Lab. It has a placement average of 100%. The average package for placement in the finance stream is around 6.5 lacs, while the highest package offered is above 13 lacs. So, N L Dalmia is definitely a better choice. But before making a decision, do your own research first.Read more
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Ques. What is the cutoff of NL Dalmia for a PGDM in finance?

● Top Answer By Tithi Aggrawal on 05 Sept 23

Ans. NL Dalmia does not follow the exact cutoff criteria. The cutoff ranges from 92 to 95% for the general category. The admission process is based on your score in the entrance examination and the interview conducted by the institute. This institute accepts various entrance examinations like XAT, CAT, CMAT, ATMA, etc. for a PGDM program. Read more
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