Investment Banking Analyst Salary in India

Investment banking is a specialised people financial services sector that primarily facilitates capital creation for companies, governments, and other entities. Investment banking became popular in the late 19th and early 20th centuries, especially in the United States, due to the increasing demand for financial services to support economic growth, industrialization, and corporate expansion.

The annual salary for an Investment Banking Analyst in India varies depending on the area, employer, and amount of expertise. An entry-level Investment Banking Analyst in India can expect to earn between INR 6 and 12 lakhs annually. This can grow with experience and performance.

Average Investment Banking Analyst Salary in India per Month

The starting salary for fresher Investment Banking Analyst Salary in India is approximately ₹1,45,000 to ₹1,66,000 INR per month. In addition to their base salary, Investment Banking Analyst Salary often receive additional cash compensation in the form of bonuses, stock options, and other benefits.

For Investment Banking Analyst Salary in India, the range of additional cash compensation is between 10% to 30% of their base salary. So, for an Investment Banking Analyst with a base salary of ₹17,34,673 per year, the additional cash compensation could range from ₹1,73,467 to ₹5,20,401 annually, which translates to ₹14,456 to ₹43,367 per month.

Investment Banking Analyst Salary in India: Based on Hierarchy

Investment Banking Analyst positions from junior to senior:

• Analyst
• Associate
• VP
• Director
• Managing Director

Position	Brief	Responsibilities	Average Salary	Qualifications	Skills
Investment Banker Analyst	Investment banking analysts are entry-level professionals handling financial analysis, building models, and creating presentations for clients. They often work long hours, executing transactions and performing essential entry-level tasks.	Financial modelling, pitch book preparation, market research, and client support.	₹8-20 Lakhs per annum.	Bachelor’s degree in Finance, Economics, or related field.	Analytical skills, attention to detail, strong work ethic, basic Excel and financial modelling skills
Investment Banker Associate	Associates are mid-level professionals in investment banking who work closely with senior bankers to execute transactions and manage client relationships. Generally, people are promoted from Analysts to Investment Banker associates.	Manage transactions, present to clients, lead teams of analysts, and build relationships.	₹15 – 25 Lakhs per annum.	2-3 years of experience as an analyst, relevant certifications (CFA, CA).	Strong communication, teamwork, financial modelling expertise, and a presentation skills.
VP (Account Manager)	Investment banking VPs, often promoted from Associates, lead client relations and business development. With extensive transaction experience, they provide strategic leadership and manage client accounts.	Manage transactions, present to clients, lead teams of analysts, and build relationships.	₹32 – ₹40 Lakhs per annum.	5-7 years of experience as an Associate, a strong track record in deal origination.	Superior communication, client relationship management, negotiation skills, leadership
Director (Senior Account Manager)	The Director is a senior position managing account managers, providing strategic leadership, setting goals, and ensuring client satisfaction. They contribute to business development and align client needs with organizational objectives	Lead complex transactions, manage senior teams, mentor VPs, advise clients on strategic decisions.	₹55 – ₹ 80+ Lakhs per annum	8-10 years of experience as a VP, consistent deal execution track record.	Deep investment banking knowledge, leadership skills, strategic thinking, ability to manage large teams.
Managing Director	Managing Directors are the top executives in investment banking, shaping the firm’s strategy and direction. With decades of experience, they excel in generating substantial revenue for the organization.	Oversee large transactions, manage senior teams, lead client relationships, generate significant revenue.	INR 1-2 crores per annum or more, with performance-based bonuses	Extensive experience as a Director, consistent execution of large, complex deals, proven leadership and rainmaking abilities.	Exceptional financial expertise, strategic vision, strong client relationships, leadership, and negotiation skills.

Investment Banking Analyst Salary in India: Job Role & Responsibilities

If you are curious about “What Does an Investment Banking Analyst Do?”. Here are the detailed description of responsibilities of Investment Banking Analyst Salary.

Investment Banking Analyst Job Responsibilities:

1. Raise capital for clients by issuing debt and selling equity.
2. Conduct research on investment opportunities to assess risk and return profiles.
3. Evaluate valuations using various methods for clients and upper management.
4. Provide expertise in brokering mergers and acquisitions.
5. Recruit investors for client IPOs.
6. Develop financial models to assist in investment and financial planning decisions.
7. Create and deliver presentations for client portfolios.
8. Assist in preparing quarterly reports and client communications.
9. Manage all stages of client interaction, from sales pitch to investment contract.
10. Conduct industry research and cultivate relationships to acquire new clients.
11. Contribute to team efforts as needed.

Investment Banking Analyst Qualifications/Skills:

• Strong communication, networking, and interpersonal skills.
• Ability to thrive in a fast-paced environment.
• Proficient in research and analysis.
• Effective presentation abilities.
• Time and project management skills.
• Knowledge of relevant securities regulations and M&A processes.
• Strong work ethic and team-oriented mindset.

Investment Banking Analyst Education, Experience, and Licensing Requirements:

• Bachelor’s degree in business, finance, economics, or related field (graduate degree preferred).
• Previous experience in investments or underwriting.
• Valid securities license, such as Series 7, 63, and 79.
• CFA certification is advantageous. (optional)

Top Companies for Investment Banking Analyst

Here are the top 10 investing firms that pay the highest salary to a fresher investment banking.

Company Name	Starting Salary (INR)
Goldman Sachs India	₹20+ LPA
JPMorgan Chase India	₹18+ LPA
Morgan Stanley India	₹15+ LPA
Citigroup India	₹14+ LPA
HSBC India	₹13+ LPA
Kotak Mahindra Capital Company	₹12+ LPA
Axis Capital	₹11+ LPA
ICICI Securities	₹10+ LPA
Edelweiss Financial Services	₹9+ LPA
Nomura India	₹8+ LPA

Factors that Affect an Investment Banking Analyst Salary

Here are some important factors on which the salary of Investment Banking Analyst depends:

1. Experience: Investment Banking Analyst typically see their salaries increase as they gain more experience in the field. For example, an entry-level analyst might start with a salary of around ₹8L – ₹20L per annum, while a managing director with years of experience could earn upwards of ₹2 crore per annum.
2. Qualifications: Higher education and professional qualifications can significantly impact an Investment Banking Analyst salary. For instance, individuals with an MBA or a specialized finance degree may command higher salaries than those with only a bachelor’s degree. Certifications like Chartered Financial Analyst (CFA) can also lead to salary boosts.
3. Performance: An Investment Banking Analyst performance and contributions to the firm can impact their salary. Those who consistently exceed performance expectations, bring in lucrative deals, and generate revenue for the firm may be rewarded with higher bonuses ranging from 10% to 30% of their base salary.
4. Firm Size and Reputation: The size and reputation of the investment banking firm play a crucial role in determining salary levels. Top-tier firms like Morgan Stanley and Goldman Sachs are known for offering competitive compensation packages, including hefty bonuses and stock options, to attract and retain top talent.
5. Location: The geographical location of the job can influence an Investment Banking Analyst salary. Cities with higher costs of living and greater demand for financial services, such as Mumbai or Bangalore, may offer higher salaries to compensate for the increased expenses.
6. Market Conditions: Economic conditions and market trends can impact an Investment Banking Analyst salary. During periods of economic growth and high deal activity, salaries and bonuses may be more generous. Conversely, during economic downturns or market volatility, compensation levels may be lower as firms tighten their budgets.
7. Specialization and Expertise: Investment Banking Analyst with specialized knowledge or expertise in certain industries or financial products may command higher salaries. For example, professionals with expertise in technology mergers and acquisitions may earn more due to high demand for their skills in a booming sector.

How to Become an Investment Banking Analyst

To become an Investment Banking Analyst, follow these steps:

1. Education: Obtain a bachelor’s degree in finance, economics, or a related field from a reputable university. Consider pursuing advanced degrees like an MBA or certifications like the CFA to enhance your qualifications.
2. Internships: Secure internships at investment banks or financial institutions to gain practical experience and build your network. Internships can often lead to full-time employment opportunities.
3. Networking: Network extensively within the industry by attending industry events, joining professional organizations, and connecting with professionals on platforms like LinkedIn. Personal connections can be valuable in securing job opportunities.
4. Gain Experience: Gain relevant experience through entry-level positions in finance or related fields. This could include roles in investment banking, corporate finance, or financial analysis.
5. Licensing: Obtain the necessary licenses required for practicing investment banking, such as the Series 63 and Series 79 licenses regulated by FINRA.
6. Apply for Positions: Once you have the required education, experience, and licenses, start applying for investment banking positions. Tailor your resume and cover letter to highlight relevant skills and experiences.
7. Prepare for Interviews: Prepare thoroughly for interviews by researching the company, understanding industry trends, and practicing common interview questions. Showcase your knowledge, skills, and passion for the field during interviews.
8. Continuous Learning: Stay updated on industry developments, financial markets, and regulatory changes. Continuous learning and professional development are essential for success in investment banking.

Types of Investment Banking Analyst

• M&A: Advise on buying/selling companies.
• Capital Markets: Help raise money for companies through new securities.
• Restructuring: Assist companies in financial difficulties.
• Private Equity: Invest money from investors in private companies.
• Sales & Trading: Buy/sell securities for clients (stocks, bonds, derivatives).

Top Investment Banking Colleges in India

• IIM Ahmedabad, Bangalore, Calcutta
• XLRI Jamshedpur
• ISB Hyderabad
• NMIMS Mumbai
• SIBM Pune
• St. Xavier’s College Mumbai

Investment Banking Analyst Salary in India – FAQs

Q1. Why is Investment Banking Analyst salary in India high?

Ans. Investment Banking Analyst salaries in India are high due to the demanding nature of the job, extensive financial expertise required, and the competitive market for top talent in the finance industry.

Q2. What is the highest investment banking salary in india?

Ans. The highest salary in investment salary offered to top layer like vp, director, MD, which is ranges from ₹ 1 crore – ₹ 2.5 crore.

Q3. What is the lowest salary of Investment Banking Analyst in India?

Ans. The lowest salary in investment salary is of investment analyst which is ranges from ₹8-20 lakhs per annum.

Q4. What are top 10 Investment Banks?

Ans. Here are the top Investment banks in India are:

Citi group, Credit Suisse, Morgan Stanley, Deutsche bank, Goldman Sachs, Bofa Merril Lynch, JP Morgan, RBC Market, Wells Fargo, Barclays