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Finance Executive Average Salary in India 2022

How much money does a Finance Executive make in India?


Average Monthly Salary
47,500 INR
( 570,000 INR yearly)

LOW
22,300
INR
AVERAGE
47,500
INR
HIGH
75,100
INR

A person working as a Finance Executive in India typically earns around 47,500 INR per month. Salaries range from 22,300 INR (lowest) to 75,100 INR (highest).

This is the average monthly salary including housing, transport, and other benefits. Finance Executive salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Finance Executive Salary Distribution in India

Median and salary distribution monthly India Finance Executive
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The median, the maximum, the minimum, and the range

  • Salary Range

    Finance Executive salaries in India range from 22,300 INR per month (minimum salary) to 75,100 INR per month (maximum salary).

  • Median Salary

    The median salary is 50,400 INR per month, which means that half (50%) of people working as Finance Executive(s) are earning less than 50,400 INR while the other half are earning more than 50,400 INR. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Finance Executive(s) are earning less than 32,700 INR while 75% of them are earning more than 32,700 INR. Also from the diagram, 75% of Finance Executive(s) are earning less than 66,500 INR while 25% are earning more than 66,500 INR.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary

Finance Executive Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly India Finance Executive
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Finance Executive salaries by experience level and this is what we found.

A Finance Executive with less than two years of experience makes approximately 25,800 INR per month.

While someone with an experience level between two and five years is expected to earn 35,500 INR per month, 38% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 50,500 INR per month, 42% more than someone with two to five years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Additionally, Finance Executive(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 61,600 INR per month, 22% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 65,000 INR per month, 6% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 70,800 INR per month, 9% more than people with fifteen to twenty years of experience.


Finance Executive average salary change by experience in India

0 - 2 Years
25,800 INR
2 - 5 Years+38%
35,500 INR
5 - 10 Years+42%
50,500 INR
10 - 15 Years+22%
61,600 INR
15 - 20 Years+6%
65,000 INR
20+ Years+9%
70,800 INR
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Finance Executive Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Finance Executive(s) who have the same experience but different education levels.

Salary comparison by education level monthly India Finance Executive
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Finance Executive salaries by education level in order to make a comparison.

When the education level is Certificate or Diploma, the average salary of a Finance Executive is 30,800 INR per month.

While someone with a Bachelor's Degree gets a salary of 48,700 INR per month, 58% more than someone having a Certificate or Diploma degree.

A Master's Degree gets its holder an average salary of 67,700 INR per month, 39% more than someone with a Bachelor's Degree.


Finance Executive average salary difference by education level in India

Certificate or Diploma
30,800 INR
Bachelor's Degree+58%
48,700 INR
Master's Degree+39%
67,700 INR
Percentage increase and decrease are relative to the previous value

Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in India costs anywhere from 160,000 Indian Rupee(s) to 479,000 Indian Rupee(s) and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Finance Executive Salary Comparison By Gender

Salary comparison by gender monthly India Finance Executive
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Finance Executive employees in India earn 14% more than their female counterparts on average.

Male
51,100 INR
Female-13%
44,700 INR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in India for all Careers

Salary comparison by gender monthly India
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Finance Executive Average Annual Salary Increment Percentage in India

How much are annual salary increments in India for Finance Executive(s)? How often do employees get salary raises?

Finance Executive

Finance Executive(s) in India are likely to observe a salary increase of approximately 13% every 16 months. The national average annual increment for all professions combined is 9% granted to employees every 16 months.

Annual Salary Increment Rate India Finance Executive
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

India / All Professions

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency

The average salary increase in one year (12 months) in India is 7%.

Annual Increment Rate By Industry 2021

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

Listed above are the average annual increase rates for each industry in India for the year 2021. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.


Worldwide Salary Raises: All Countries and All Jobs

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Finance Executive Bonus and Incentive Rates in India

How much and how often are bonuses being awarded?Annual Salary Bonus Rate India Finance Executive
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A Finance Executive is considered to be a moderate bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

41% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 59% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 2% to 7% of their annual salary.

Received Bonus
59%
No Bonus
41%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Finance Executive Average Hourly Wage in India


270 INR per hour

The average hourly wage (pay per hour) in India is 270 INR. This means that the average Finance Executive in India earns approximately 270 INR for every worked hour.


Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

Finance Executive VS Other Jobs

Salary Comparison Between Finance Executive and Accounting and Finance monthly India
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The average salary for Finance Executive is 44% more than that of Accounting and Finance. Also, Accounting and Finance salaries are 3% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Examiner16,600 INR-65%
Account Executive28,500 INR-40%
Accountant21,900 INR-54%
Accounting Assistant17,100 INR-64%
Accounting Associate16,200 INR-66%
Accounting Clerk14,300 INR-70%
Accounting Coordinator20,000 INR-58%
Accounting Manager47,500 INR=
Accounting Supervisor30,900 INR-35%
Accounting Technician15,700 INR-67%
Accounts Executive28,500 INR-40%
Accounts Payable and Receivable Specialist22,800 INR-52%
Accounts Payable Clerk16,600 INR-65%
Accounts Payable Manager44,200 INR-7%
Accounts Receivable Clerk16,600 INR-65%
Accounts Receivable Manager43,500 INR-8%
Assistant Accounting Manager41,800 INR-12%
Assistant Auditor22,300 INR-53%
Audit Supervisor40,900 INR-14%
Auditing Clerk17,600 INR-63%
Auditing Manager46,600 INR-2%
Billing Coordinator20,400 INR-57%
Billing Specialist23,800 INR-50%
Billing Supervisor34,200 INR-28%
Bookkeeper14,700 INR-69%
Bookkeeping Specialist21,400 INR-55%
Budget Analyst38,500 INR-19%
Budget Manager46,100 INR-3%
Business Support Analyst25,200 INR-47%
Capital Markets Associate33,700 INR-29%
Cash Flow Analyst33,700 INR-29%
Cash Management Officer25,700 INR-46%
Cashbook Clerk15,200 INR-68%
Chartered Accountant28,500 INR-40%
Collections Clerk13,800 INR-71%
Collections Specialist22,800 INR-52%
Corporate Treasurer42,800 INR-10%
Cost Accountant22,600 INR-52%
Cost Accounting Manager44,400 INR-7%
Cost Analyst35,600 INR-25%
Credit and Collection Manager44,700 INR-6%
Credit and Collection Staff17,100 INR-64%
Credit and Loans Officer16,200 INR-66%
Credit Controller30,900 INR-35%
Debt Adviser37,100 INR-22%
Debt Collector18,100 INR-62%
Debtors Clerk15,400 INR-68%
Deputy CFO61,300 INR+29%
Derivative Trader38,500 INR-19%
Escrow Assistant20,000 INR-58%
External Auditor31,400 INR-34%
Finance Associate19,500 INR-59%
Finance Executive47,500 INR=
Finance Licensing Clerk16,200 INR-66%
Finance Licensing Manager42,800 INR-10%
Finance Licensing Specialist24,200 INR-49%
Finance Officer21,400 INR-55%
Finance President66,000 INR+39%
Finance Relationship Manager51,800 INR+9%
Finance Release Analyst25,700 INR-46%
Finance Team Leader 49,900 INR+5%
Financial Actuary34,200 INR-28%
Financial Administrator37,100 INR-22%
Financial Analyst40,400 INR-15%
Financial Applications Specialist28,000 INR-41%
Financial Assistant18,100 INR-62%
Financial Associate18,100 INR-62%
Financial Claims Analyst30,200 INR-36%
Financial Claims Manager39,900 INR-16%
Financial Commercial Analyst32,300 INR-32%
Financial Compliance Analyst36,100 INR-24%
Financial Consultant29,900 INR-37%
Financial Controller35,600 INR-25%
Financial Coordinator20,500 INR-57%
Financial Customer Service Manager40,900 INR-14%
Financial Dealer and Broker24,200 INR-49%
Financial Encoder19,000 INR-60%
Financial Manager62,700 INR+32%
Financial Operations Manager57,000 INR+20%
Financial Policy Analyst34,700 INR-27%
Financial Project Manager46,100 INR-3%
Financial Quantitative Analyst38,500 INR-19%
Financial Reporting Consultant32,300 INR-32%
Financial Reporting Manager42,800 INR-10%
Financial Services Sales Agent24,700 INR-48%
Fixed Assets Administrator23,300 INR-51%
Forensic Accountant26,100 INR-45%
Fraud Detection Supervisor27,600 INR-42%
Fraud Prevention Manager45,600 INR-4%
Fund Accountant21,400 INR-55%
Grants Coordinator16,600 INR-65%
Internal Auditor29,900 INR-37%
Internal Control Adviser35,200 INR-26%
Internal Control Officer19,500 INR-59%
Inventory Accountant23,300 INR-51%
Investment Analyst44,200 INR-7%
Investment Fund Manager49,900 INR+5%
Investment Underwriter19,000 INR-60%
Investor29,000 INR-39%
Investor Relations Manager45,100 INR-5%
KYC Team Leader43,200 INR-9%
Management Economist52,300 INR+10%
Paymaster18,100 INR-62%
Payroll Clerk19,500 INR-59%
Payroll Manager40,900 INR-14%
Pensions Administrator23,800 INR-50%
Pricing Analyst37,100 INR-22%
Private Equity Analyst39,700 INR-16%
Proposal Development Coordinator20,000 INR-58%
Receivables Accountant20,700 INR-56%
Regulatory Accountant24,500 INR-48%
Retirement Plan Analyst35,600 INR-25%
Revenue Management Specialist37,100 INR-22%
Revenue Recognition Analyst41,300 INR-13%
Risk Management Director53,700 INR+13%
Risk Management Supervisor44,200 INR-7%
Tax Accountant21,100 INR-56%
Tax Advisor34,200 INR-28%
Tax Associate19,000 INR-60%
Tax Manager45,600 INR-4%
Teller13,300 INR-72%
Treasury Accountant24,600 INR-48%
Treasury Analyst37,100 INR-22%
Underwriter15,700 INR-67%
Underwriting Assistant14,700 INR-69%
Vice President of Finance61,300 INR+29%

Salary Comparison By City

CityAverage Salary
agra42,200 INR
Ahmadabad50,400 INR
Bangalore52,900 INR
Bhopal47,300 INR
Chennai50,100 INR
Coimbatore45,100 INR
Delhi55,900 INR
Ghaziabad46,900 INR
Hyderabad52,700 INR
Indore47,000 INR
Jaipur48,500 INR
Kanpur51,000 INR
Kolkata52,800 INR
Lucknow52,300 INR
Ludhiana45,300 INR
Madurai42,800 INR
Mumbai52,300 INR
Nagpur48,000 INR
Patna43,400 INR
Pimpri-Chinchwad49,400 INR
Pune49,200 INR
Surat49,700 INR
Vadodara43,600 INR
Visakhapatnam46,800 INR

Salary Comparison By State

StateAverage Salary
Andaman & Nicobar Islands42,700 INR
Andhra Pradesh55,900 INR
Arunachal Pradesh43,200 INR
Assam50,200 INR
Bihar56,900 INR
Chandigarh43,200 INR
Chhatisgarh51,500 INR
Dadra & Nagar Haveli43,500 INR
Daman & Diu39,000 INR
Delhi47,300 INR
Goa43,600 INR
Gujarat53,700 INR
Haryana50,000 INR
Himachal Pradesh48,700 INR
Jammu & Kashmir50,400 INR
Jharkhand50,100 INR
Karnataka52,900 INR
Kerala51,200 INR
Lakshadweep40,500 INR
Madhya Pradesh56,800 INR
Maharashtra58,700 INR
Manipur48,600 INR
Meghalaya44,200 INR
Mizoram42,400 INR
Nagaland45,000 INR
Orissa53,300 INR
Pondicherry44,900 INR
Punjab52,800 INR
Rajasthan52,700 INR
Sikkim41,000 INR
Tamil Nadu53,900 INR
Tripura46,800 INR
Uttar Pradesh59,500 INR
Uttaranchal48,500 INR
West Bengal58,800 INR

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in India earn 5% more than their private sector counterparts on average across all sectors.

Private Sector
31,000 INR
Public Sector+5%
32,700 INR
Percentage increase and decrease are relative to the previous value

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