Financial Advisor Salary in India: A Complete Guide
In today’s changing financial world, the role of a financial advisor is more important than ever. As people and businesses look for expert advice on managing investments, savings, and retirement plans, the demand for skilled financial advisors is rising. If you’re thinking about this career, understanding the salary trends is key. In this blog, we’ll explore the average salary of financial advisors in India and the factors that affect it, such as experience, qualifications, location, and job placements. Whether you’re experienced or just starting out, this guide will help you understand the earning potential and career opportunities in this field.
Financial Advisor Salary in India
The monthly salary of a financial advisor in India is usually around ₹30000 per month or ₹4 LPA. However, it can change depending on several factors. We have listed some of the most common factors that influence a financial advisor’s salary.
1. Financial Advisor Salary Based on Experience
Financial advisors analyze complex data to guide clients in managing their finances, offering personalized advice on investments, tax strategies, and risk management. Since this is a specialized field, professionals with more experience typically earn higher salaries than freshers who are still developing their skills. Experienced advisors often handle multiple projects, increasing their overall earnings. Below is a table showing the salary you can expect as a financial advisor based on your experience level.
| Experience | Salary (in INR) |
| Fresher level (0-2years) | ₹ 3 LPA |
| Intermediate level (3-7years) | ₹ 5 LPA |
| Senior level (8+years) | ₹ 10 LPA |
2. Financial Advisor Salary Based on Qualification
The right education and training can significantly boost your earning potential as a financial advisor. Advanced degrees help you develop important skills such as business communication, project management, and data analysis, which are highly valued in the industry. Below is a table showing how different qualifications can impact your salary as a financial advisor.
| Qualification | Salary (in INR) |
| Bachelors Degree | ₹ 3 LPA |
| Masters Degree | ₹ 5 LPA |
| Specialized Certification (CFA, CA) | ₹ 8 LPA |
3. Financial Advisor Salary Based on Company
Top companies usually handle high-profile projects and clients, allowing them to offer competitive salaries to their employees. Below is the starting salary of financial advisors in India that some of the top companies offer:
| Top Companies | Salary (in INR) |
| Geojit Financial Services | ₹ 2.9 LPA |
| Accenture | ₹ 2.9 LPA |
| ICICI | ₹ 3 LPA |
| PolicyBazaar | ₹ 3 LPA |
| Concentrix Corporation | ₹ 3.3 LPA |
| Tata AIA Life Insurance | ₹ 3.8 LPA |
| Deloitte | ₹ 7.8 LPA |
4. Financial Advisor Salary Based on Placement
The salary of a financial advisor can vary depending on how they are placed. Those hired through campus placements often have less practical experience and typically receive lower starting salaries compared to candidates who are selected directly by companies or through partnered agencies. Below, we have outlined the financial advisor’s salaries in India that you can expect depending on the type of placement you choose.
| Placement | Salary (in INR) |
| Campus placements | ₹ 4 LPA |
| Recruitment Agencies | ₹ 6 LPA |
| Direct Applications | ₹ 5 LPA |
5. Financial Advisor Salary Based on City
Cities like Delhi, Mumbai, and Bangalore are hubs for large multinational companies. In Mumbai, the presence of major film and advertising industries increases the demand for financial advisors. As a result, salaries in these cities are generally higher compared to tier 2 cities. Below, we’ve listed some of the top cities in India and the salaries you can expect as a financial advisor in these locations.
| Top Cities | Salary (in INR) |
| Delhi | ₹ 7 LPA |
| Mumbai | ₹ 8 LPA |
| Hyderabad | ₹ 6 LPA |
| Chennai | ₹ 6 LPA |
| Bangalore | ₹ 6 LPA |
Tips to Secure High-Paying Financial Advisor Jobs
Now that you know the various factors that affect the salary of a finacial advisor in India, its important to learn some tips that will help you in getting a high paying job in this field. Here are some tips that you can use to get lucrative job opportunities in the field of finance:
- Enhance Your Analytical Skills: As a financial advisor, you’ll need to study the market, assess your clients’ financial situations, and offer advice on managing risks. The job requires a lot of critical thinking and analysis, so it’s important to keep improving your analytical skills to deliver the best results.
- Improve Your Business Communication: You’ll often need to pitch your services and explain complex financial concepts to clients who may not have a technical background. Being able to communicate confidently and clearly is key to gaining and keeping clients.
- Build an Active Network: A strong professional network is crucial for gaining industry insights, getting clients, and working on meaningful projects. Regularly engage with professionals and potential clients to grow your connections.
- Stay Updated with the Field: The financial world is constantly evolving, with new methods, tools, and software emerging all the time. Keeping yourself updated on these changes will allow you to stay ahead and better address your clients’ needs.
- Gain Certifications: Certifications like Certified Financial Planner (CFP), Chartered Financial Consultant (ChFC), Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), and Financial Risk Manager (FRM) can boost your credibility. Earning one or more of these credentials not only shows your expertise but also makes you stand out as a skilled and trustworthy advisor.
If you’re looking to build a career in finance, consider enrolling in a financial modeling course with placement guarantee. This course will help you develop essential skills through hands-on learning and set you on the path to a successful career in this dynamic field.
Conclusion
The average salary of a financial advisor in India is around ₹4 LPA, but with the right experience, qualifications, and by working with top firms, you can earn more than ₹10 LPA. The information in this blog can help you either boost your current salary or make informed decisions if you’re just starting out in this career. To increase your earning potential, consider exploring high-paying finance jobs and expanding your skills in the field of finance.
FAQs
Answer: A degree in business, particularly with a focus on finance, is a strong foundation for starting your career as a financial advisor.
Answer: Companies typically seek candidates with degrees in finance, accounting, business administration, or economics. However, relevant work experience can also help you get started, even without these specific degrees.
Answer: While the CFA certification is highly valuable, it doesn’t cover all aspects of financial planning. It’s especially beneficial for mid-level professionals but not essential for freshers.
