The average salary for a Finance Manager in India is ₹993,017.
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What Do Finance Managers Do?
Finance managers develop and monitor departmental budgets. They make relevant financial forecasts for their company. They work with other managers and their staff to establish their company’s future budgets. Their department keeps track of ongoing expenses to make sure that they are not over the budget. They ask relevant managers for clarification when their departmental expenses have surpassed the established budget. They are responsible for accurate and timely reporting of various. They m…Read more
Finance Manager Tasks
- Prepare informational analyses on current processes, actual performance versus budget and prior year data.
- Assist Operations team in Monthly Operations Review.
- Identify areas for cost reductions and operational improvements.
- Provide analyses to Operations team.
Popular Employer Salaries for Finance Manager
The top respondents for the job title Finance Manager are from the companies HSBC, Genpact and ICICI Bank. Reported salaries are highest at Wipro where the average pay is ₹1,666,147. Other companies that offer high salaries for this role include HSBC and Standard Chartered Bank, earning around ₹1,526,938 and ₹1,375,689, respectively. HDFC Bank Pvt Ltd pays the lowest at around ₹584,175. State Bank of India and Genpact also pay on the lower end of the scale, paying ₹900,000 and ₹1,003,596, respectively.
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Somewhat common (8 - 20%)
Finance Manager Job Listings
What Are Popular Skills for Finance Managers?
Skills in Financial Reporting, Financial Analysis, Accounting and Budgeting are correlated to pay that is above average. Skills that pay less than market rate include Microsoft Excel.
What is the Pay by Experience Level for Finance Managers?
An entry-level Finance Manager with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of ₹516,552 based on 219 salaries. An early career Finance Manager with 1-4 years of experience earns an average total compensation of ₹763,795 based on 677 salaries. A mid-career Finance Manager with 5-9 years of experience earns an average total compensation of ₹1,090,742 based on 1,119 salaries. An experienced Finance Manager with 10-19 years of experience earns an average total compensation of ₹1,213,869 based on 859 salaries. In their late career (20 years and higher), employees earn an average total compensation of ₹1,205,264.
Pay Difference by Location
Employees with Finance Manager in their job title in Gurgaon, Haryana earn an average of 35.1% more than the national average. These job titles also find higher than average salaries in Bangalore, Karnataka (24.1% more) and Chennai, Tamil Nadu (10.7% more). The lowest salaries can be found in Hyderabad, Andhra Pradesh (0.2% less).
Years of Experience
This data is based on 3,046 survey responses.