Investment Banker Salary in India 2022

13-Jul-2022

Investment banking is a prominent and lucrative job option in the financial services business. Investment bankers are in high demand since they advise firms and even the government on financial matters. They are accountable for the tasks of assisting their customers to generate funds through stock issues or by mediating the purchase of a competing company. They are financial experts who assist in the company's sales. 

Investment banking jobs are paid handsome salaries with an amount of Rs.7-8 LPA or more commonly paid in their first year, entry-level investment banking associates can easily make a good living. Investment bankers who have worked their way up the ranks can easily earn between Rs. 12 and Rs. 85 lakhs per annum.

Building A Career in Investment Banking

As the demand for financial experts rises, building a career in investment banking is highly ideal. They are considered highly prestigious and valued in the finance industry. In order to build a career in Investment Banking, one has to have skills, knowledge, and the passion to involve oneself in all things financial. 

Another important aspect is to learn what the job entails. The key responsibilities of an Investment Banker include analyzing the organization's goals and requirements. The organization gives the investment banker all of the financial information. An investment banker develops a strategy for the organization's financial health and goals. It encompasses the issuance and sale of stocks, the sale of bonds, and the acquisition of debt in any combination. The next step for an Investment Banker is to discover possible investors who meet the risk or reward profile of the organization intending to generate funds after the organization has signed off on the strategy to raise bonds through investments. The Investment Banker is a salesperson who attracts investors, piques their curiosity, and persuades them to invest.

Critical Skills for an Investment Banker

Alongside having a good educational background and qualifications, those aspiring to become investment bankers are required to have comprehensive and in-depth skills and knowledge of finance management. Possessing these skills will aid in getting a higher pay package relatively better than others. 

Let us highlight the key skills that are required to have an excellent career in Investment Banking below:

• Investment Management

• Banking

• Mergers and Acquisitions

• Financial Analysis

• Financial Modelling

• Microsoft Excel 

The above-given sets of skills are the popular skills that could get you a better salary package if you have them 

Overview of the Investment Banker Salary

An Investment Banker's average compensation is INR 12 lakh annually with raise possible to INR. 85 Lak annually as the professional obtains expertise in this industry. However, if a candidate is just starting out in this industry, he or she may be paid between Rs. 4 and Rs. 7 LPA, depending on the abilities a professional has acquired over time.

Certain factors however impact the Investment Banker Salary offerings including skills, level of experience, employing company, and location. Salaries do differ from company to company from city to city and highly correspond to the level of experience that the professional has. For Instance, in India Mumbai is the most ideal job location for Investment as the city is known to pay them a whopping package of INR 18 Lakh per annum. 

Let us outline the varying Investment Banker Salary package in India in terms of the location and experience level of the professionals. 

The Annual Average Investment Banker Salary in Different Cities in India

Mumbai, Maharashtra

• Public Sector - INR 8 Lakhs Annually

• Private Sector -INR 12 Lakhs Annually

Hyderabad

• Public Sector- INR 9 Lakhs Annually

• Private Sector- INR 11 Lakhs Annually

Delhi

• Standard Chartered Bank- INR 6 Lakhs Annually

• Axis Bank-INR 4.5 Lakhs Annually

• ICICI Bank-INR 2 Lakhs Annually

• HDFC Bank- INR 4.25 Lakhs Annually

• Kotak Mahindra Bank- INR 4 Lakhs Annually

Chennai

• HDFC Bank- INR 5 Lakhs Annually

• Barclays- INR 4.5 Lakhs Annually

• Accenture- INR 3 Lakhs Annually

Bengaluru

• ICICI Bank- INR 5.2 Lakhs Annually

• Accenture -INR 2.5-44 Lakhs Annually

• Infosys- INR 10 Lakhs Annually 

• Wipro -INR 8.8 Lakhs Annually

• Standard Chartered-INR 5 Lakhs Annually

• Bank of America- INR 12 Lakhs Annually

Investment Banking Salary based on Experience

• Investment Banking Salary for Freshers: Those with less than a year of experience or none at all, and according to a poll of different employees, such professionals earn roughly INR 5-8 lakhs each year.

• Investment Banking Salary for Salary of a Mid-Level: A professional with more than a year of experience (1-4) is eligible for a salary ranging from INR 8 to 10 Lakhs per annum. For those with 5-9 years of expertise, you may expect to earn roughly INR 15-20 lakhs per year.

• Investment Banking Salary for Seniors/Highly experienced: A senior investment banker is someone who has worked for more than ten years. A salary of INR 30 LPA is possible for an investment banker with 10-19 years of experience. An investment banker with more than 19 years of experience, on the other hand, gets INR 40 lakhs annually.

Jobs in Investment Banking

There are numerous opportunities and manifold jobs in investment banking that interested and aspiring individuals can look out for. Below are some of the popular jobs in investment banking :

• Stock Broker

• Financial Analyst

• Financial Advisor

• Financial Planner 

• Financial Consultant

• Investment Manager

• Investment Counselor

The current economic scenario in the country is ideal for a career in investment banking as it is poised to grow and expand. The field of investment and financial industry is increasingly expanding with the interference of digitalization and advanced technologies. Investment banking in particular is set to grow and remain amongst the largest sector in the financial industry in the future.

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