The average salary for a Financial Advisor in India is ₹374,861.
Tell us about your job and pay factors like skills and education Find your market worth with a report tailored to you Negotiate your pay with confidence
What Do Financial Advisors Do?
Financial advisors work primarily for financial institutions such as banks, mutual fund companies, and insurance companies. Generally, they work with individuals or institutional clients to assess their financial needs and help them achieve financial goals, such as choosing investments (money market, real estate investments, stocks and bonds), and they also explain tax laws relevant to certain investments and help with insurance decisions.
Financial advisors help clients plan for both short-ter…Read more
Financial Advisor Tasks
- Interview clients and gather information to determine strategies for financial investments.
- Prospect and maintain clientele.
- Recommend and sell financial plans and products that will help meet financial goals.
Popular Employer Salaries for Financial Advisor
The top respondents for the job title Financial Advisor are from the companies Motilal Oswal, Deloitte and Karvy. Reported salaries are highest at Deloitte where the average pay is ₹900,000. Other companies that offer high salaries for this role include Edelweiss, earning around ₹491,318. Motilal Oswal pays the lowest at around ₹239,842. Karvy also pays on the lower end of the scale, paying ₹250,252.
Explore the most common career paths for Financial Advisor. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner
to research other job paths.
Somewhat common (8 - 20%)
Financial Advisor Job Listings
What Are Popular Skills for Financial Advisors?
Skills in Financial Advisor, Investment Planning and Client Interaction are correlated to pay that is above average. Skills that pay less than market rate include Sales and Customer Relationship Management (CRM).
What is the Pay by Experience Level for Financial Advisors?
An entry-level Financial Advisor with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of ₹290,580 based on 84 salaries. An early career Financial Advisor with 1-4 years of experience earns an average total compensation of ₹313,600 based on 175 salaries. A mid-career Financial Advisor with 5-9 years of experience earns an average total compensation of ₹490,565 based on 63 salaries. An experienced Financial Advisor with 10-19 years of experience earns an average total compensation of ₹1,011,304 based on 33 salaries. In their late career (20 years and higher), employees earn an average total compensation of ₹2,095,238.
Pay Difference by Location
Employees with Financial Advisor in their job title in Bangalore, Karnataka earn an average of 46.7% more than the national average. These job titles also find higher than average salaries in New Delhi, Delhi (33.4% more) and Delhi, Delhi (33.4% more). The lowest salaries can be found in Hyderabad, Andhra Pradesh (12.0% less).
Years of Experience
This data is based on 369 survey responses.