Investment Banking is one of the most esteemed industries to work with. The article below covers various aspects of Investment banking as a profession. The Investment Banker salary in India is at a higher pay scale. The article covers important questions such as "What is the salary of Investment Banker In India" and "average salary of an investment banker in India" so on.
- What is the salary of an Investment Banker in India?
- Investment Banking Jobs Roles with Salary
- Investment Banking skills
- Investment Banking companies
- Investment Banking scope in India
What Is The Salary Of Investment Banker In India?
The average salary of an investment banker in India is approximately INR 9.8 L per annum. So the salary of an investment banker in India per month sums up to INR 81000. It possibly increases with good expertise in this field and a remarkable experience.
The contributing factors that affect the pay scale are skillset and possessed by a person, professional background, the courses and certificates obtained, job description, type of firms, and the sector's location. It is statistically proven that the Investment Bankers in India receive a pay higher than the professionals working elsewhere.
The high esteemed professional skills valued by the companies are Mergers and Acquisitions, Financial Modelling, Financial Analysis, Investment Management, and Banking.
Regarding the experience, the statistical report shows that the pay scale for the Investment Bankers with 10 to 19 years of experience in India reaches the maximum of INR 30 LPA.
- Highest Salary of Investment Banker In India: INR 30LPA
- Starting Salary of Investment Banker In India: INR 3LPA
- Average Salary of Investment Banker In India: INR 9.8LPA
Investment Banking Jobs Roles with Salary
These professionals fit as mergers, capital marketers, sales employees, and work based on the customers' financial needs and goals. They can enter into the banking sectors or become a private consultant for a company to take care of their funds. The other job designations related to banking sectors are Marketing and Communication Specialist, Relationship Management, Business Analyst, and Financial Research, Analyst.
The task of Investment Bankers is to get track of the goals fixed by their customers and then analyze the more relevant schemes and strategies to maintain the money invested. Constant maintenance of the invested amount is also a crucial part handled by these workers. In the case of an extensive sector, these people are responsible for the money transactions and analyzing statistically the financial data and the money earned through the other investments.
Their job responsibilities include creating awareness for the companies on the various investment assets available and collaborative projects and comparing different investment areas.
The various job designations available in the Investment Banking sector are:
- Financial Analyst
- Business Analyst
- Investment Banking Associate
- Account Manager
- Managing Director.
- Vice President
Investment Banking Analyst
This designation is particularly assigned to the freshers. They are responsible for formulating a well-researched pitch book that contains all the idealistic concepts of investing the asset for the client meetings. Their daily tasks are to research, analyze, and present the investment banking methodologies.
The skills required for these professionals are Financial Analysis, Financial Reporting, Excel, Accounting, and Data Analysis. These employees receive an average pay of INR 5 LPA. With experience, the payment might rise to INR 6 LPA.
These analysts are similar to financial analysts, but they concentrate on the business process in particular. They analyze the previously existing methods in the sector and implement ideologies that bring in profit and suggest ways to invest the asset according to the type of business.
The most wanted core skills for the Business Analysts are Business Strategies, Project Management, Excel sheets, and SQL. The average salary received by these officials is INR 6 LPA. Individual notable companies offer up to INR 7 LPA.
Investment Banking Associate
It is considered as an upgrade to the financial analyst position. They are also responsible for analyzing the investment strategies as the other analyst. They serve as an intermediate for the junior analyst and the senior banking officials. At times they also get to maintain the client portfolio and directly engage with the clients.
The core skills that are required are Financial Modelling, Risk Management, Financial Analysis, and Operations Management. The average pay for Investment Banking associates is INR 6.9 LPA, and the maximum income received by these professionals is INR 10 LPA.
Finance Manager and Finance Director
They are the high profile job designations available in the banking sector. They have wide varieties of roles to play in the industry. They handle the relationships with the clients and make decisions regarding the investment suitable for the portfolio. They also review the strategies proposed by the other analyst and associates.
The core skills that any Finance Manager should possess are Accounting, Budgeting, Advanced Financial Analysis, Financial Reporting, and overall Management. The core skills for the Finance Director are Strategic Planning, Finance Management, Finance Reporting, Budgeting, and Accounting.
The average pay for a Finance Manager is around INR 10 LPA, and the average salary offered for Finance Directors is around INR 36 LPA.
Investment Banking is investing a person or a company's finances in a particular asset or providing suggestions for the big firms to plow their money into the most profitable zone. So many banks operate as dedicated investment places and direct their customers to make accurate financial decisions. This financial sector holds a more significant value since they are well versed in the best financial practices.
|Job Role||Average Salary offered|
|Investment Banking Analyst||INR 5 LPA|
|Business Analyst||INR 6 LPA|
|Investment Banking Associate||INR 6.9 LPA|
|Finance Manager||INR 10 LPA|
|Finance Director||INR 36 LPA|
Investment Banking skills
Investment Bankers need a set of skills that are vitally important to sustain in the financial field.
Some of the core skills are listed down.
- Firm knowledge and experience in Financial Modelling
- Strategies to manage the investments
- Capable of experimenting with new policies
- Fundamental Knowledge of Banking and Financial Analysis
- Practical wisdom on Research methodologies
- Technical understanding of Share Market
Some of the soft skills involved are as follows
- Strong communication skills
- Patience and Self-restraint
- Analytical skills
- Problem-Solving skills
- The composed mindset to explain technical aspects to the customers
- Seeking out new opportunities
- Networking with people
Apart from all the skills laid out, the candidates should possess considerable knowledge of mutual funds, insurance policies, marketing, equity securities, corporate trading, sales and trading, risk management, global transaction, and technology related to Investment Banking. It is also necessary to update the knowledge according to the trends in the financial sector.
Investment Banking Companies
The top recruiters of Investment Banking are banks, consultancy companies, government finance sectors, and other notable companies seeking an accountant like Accenture.
The top headhunters for Investment Bankers in India are
- Axis Bank
- Ambit Corporate Finance
- A.K.Capital Services
- Birla Capital and Financial Services
- Canara Bank
- Central Bank of India
- HDFC Banks
- ICICI Securities Limited
- Indian Overseas Bank
- JP Morgan India Private Limited
- Union Bank of India
- State Bank of India
- Karvy Investor Services Limited.
- Deutsche Bank
- Credit Suisse
- Barclays Capital
- Wells Fargo
- HSBC Holdings
Investment Banking scope in India
The financial sector never gets drowned as the business minds are impeccably essential for any company. So, the Investment Banking field has a broad scope now and in the future worldwide. These banking professionals are needed by almost all companies to manage their accounts. They invest their capital in a suitable platform or to gain awareness about the current financial market to invest in any other business.
Also Check Scope and Salary of Banking Courses:
- MBA Banking Salary
- MBA Banking and Finance Salary
- Diploma in Banking and Finance Salary
- B.Com Banking and Insurance Salary