BAF Salary, Jobs, Scope in India

Roumik Roy

Updated on - Feb 27, 2024

The BAF salary on average ranges between INR 2-6 LPA, the salary in India varies based on a variety of factors, including internship, project, training, and other experience earned. 

The average starting salary for an Accountant is INR 2.5 LPA, and the salary for an Auditor is between INR 3-3.50 LPA. The other job roles in BAF such as Credit Analyst can earn between INR 10-12 LPA after having 5+ years of experience. 

The BAF course graduates can work in both the private and public sectors in roles like public accounting, financial analysis, management accounting, and banking. Top recruiters include Deloitte, EY, PwC, HDFC Bank, and Infosys, offering competitive salaries in the range specified.

Table of Contents

• Salary Offered To BAF Graduates In India
  • BAF Salary Based on Job Designations
  • BAF Salary Based on Sectors
• BAF Jobs in India
• BAF Placements
• Career Scope of BAF

Salary Offered To BAF Graduates In India

BAF average entry-level salary is between INR 2-6 LPA. Graduates after earning 5+ years of experience can earn up to INR 14 LPA, depending on their skills and expertise. Graduates can obtain adequate career opportunities along with a good compensation package after pursuing the BAF course.

BAF Salary in India

Graduates can get adequate job opportunities in several areas such as actuarial firms, public & private banks, financial institutions, actuarial & audit services, Tax institutions, and e-commerce, etc. According to PayScale, BAF course salary in India ranges from INR 2-6 LPA. The following is the breakdown of BAF salary in India: 

BAF Salary Based on Job Designations

Both the private and public sectors in India provide excellent BAF course job opportunities and great salary packages. The BAF salary differs based on the candidate's experience and skills. The following table contains a variety of job opportunities after BAF course and the average BAF course salary in India:

BAF Salary Based on Sectors

There are various BAF job opportunities in both the corporate and public sectors. In India, the BAF salary in the government sector is a bit less compared to the private sector which is determined by a variety of factors, including government policy, schemes, taxation, and many others. Following is a table listing the sector-wise average BAF course salary in India:

Recruiters in the Private Sector for BAF Graduates

Accounting is one of the highest-paying jobs after completing a BAF degree in India. In the private sector, BAF salary ranges from INR 3.5-6 LPA. The following are the jobs after BAF and salaries:

Recruiters in the Government Sector for BAF Graduates

The government sector is considered one of the prominent sectors to get employment opportunities for BAF graduates in departments like finance, taxation, auditing, budgeting, and accounting. Below is a list of top recruiters for BAF graduates along with the average salary:

BAF Jobs in India

India's finance sector is expected to expand by 14.02% between 2022 and 2027, reaching a market size of US$19.55 million by 2027, resulting in high demand for BAF jobs in India. (Statista Report, 2022). If Students desire to expand their opportunities for job growth and employment, they can pursue higher education. The following are BAF job opportunities:

Entry-Level BAF Jobs for Freshers

There are a variety of BAF job opportunities for freshers that will assist them in achieving their career objectives. The entry-level BAF salary is between INR 2 - 4 LPA. Following is a list of BAF jobs for fresher graduates:

BAF Government Jobs for Aspirants

In India, there are plenty of BAF course job opportunities for graduates in the government sector. India's average BAF salary for government jobs is INR 2-4 LPA. Below is a list of government jobs after BAF:

BAF Private Jobs for Graduates

BAF course scope in the private sector is extensive in private accounting firms, financial analysis roles, management accounting positions, corporate finance departments, etc. Below is the list of BAF jobs in the private sector:

Areas of Recruitment for BAF Graduates

The BAF jobs available in India are in both the private and public sectors in areas like public accounting, financial services, banking and finance, etc. BAF course scope is abundant in terms of acquiring potential career opportunities. After completing the course, students can find various employment opportunities and earn a good BAF salary based on their qualifications.

The following are some areas where graduates are recruited:

BAF Placements

BAF placements are offered in a few of the top colleges in India like Narsee Monjee College of Commerce and Economics, HR College of Commerce and Economics, etc. Students are placed in top companies like KPMG, Barclays, EY, etc. Below listed are details of colleges offering BAF placements with top recruiters and average annual salaries:

Career Scope of BAF

BAF course scope can lead to careers in a variety of banking and business sectors. Students who complete a BAF acquire skills and qualifications they can apply in their careers as accountants. BAF course scope and salary depend on the education and experience of the graduates.

Courses after BAF

The BAF course scope in India is extensive. Graduates can pursue higher studies if they choose to enhance their career growth or obtain beer BAF job opportunities. The most popular courses after BAF are as follows:

• MBA in Finance
• MFM
• CFA
• CA
• CS
• MBA in Cost and Management Accounting
• M.Com in Accounting and Finance
• M.Com in Accounting and Taxation
• PGDip in Professional Accounting
• M.Com in Finance

Career Options After BAF

In India, the BAF course scope is vast with potential career prospects available after graduation. Below are some of the BAF course job opportunities:

• Auditor
• Accountants
• Financial Analyst
• Business Consultant
• Tax Consultant
• Treasury Analyst
• Financial Planner
• Risk Manager

Top BAF Recruiters

BAF is one of the most prestigious programs, and many of the world's top corporations hire BAF graduates. The average BAF compensation given by the top recruiters in India is between INR 16,000 to INR 50,000 per month. Some of the top recruiters in India with the average BAF course salary:

Factors to be Considered Before Choosing A Job

The professional path students choose will determine their future, so it is crucial to evaluate issues such as "What is the average BAF salary? ", and "What BAF job prospects are available?", etc. A few of the factors are listed below:

• Required Abilities: The graduate should assess their level of proficiency in auditing, tax compliance, and finance knowledge in order to do account and finance-related jobs.
• Pay and Benefits: The pay and benefits should be in line with each employee's professional goals as well as the duties and obligations assigned to their position.
• Opportunities for Professional Development: The graduate should assess whether a company provides training, mentorship, or opportunities for further study.
• Possibilities for Advancement: The graduate should assess whether the company provides prospects for skill growth, advancement, and greater responsibility.

Skills Required for BAF Jobs

BAF graduates need to have a diverse range of skill sets to succeed in their professional careers. Below listed are a few skills:

• Auditing Skills: For jobs like public accountant auditing skills are required to ensure financial accuracy, detect errors or fraud, etc.
• Market Research Skills: To understand market trends impacting financial performance and make informed decisions.
• Tax Codes Knowledge: The graduate should stay up to date with recent tax codes and regulations to comply with the regulations.
• Good Client Communication Skills: Effective communication skills are needed to understand and address client financial goals.

BAF Fee Structure