Bachelor of Financial Markets Salary in India

  • SaveSave
  • Request a callbackRequest a callback
  • AskAsk us
author
Jan 10, 2024 20:00PM IST

BFM Salary Overview

Bachelor of Financial Markets (BFM) salaries can vary based on factors such as experience, skills, the employing organization, and location. Entry-level positions, such as financial analyst or investment banking analyst, might start at around Rs. 4,00,000 - Rs. 8,00,000 per year. With experience, salaries can rise significantly, reaching between Rs. 8,00,000 - Rs. 20,00,000 annually for mid-level positions. Senior roles in areas like portfolio management, investment banking, or corporate finance can command higher salaries, ranging from Rs. 15,00,000 to upwards of Rs. 30,00,000 or more annually.

Specializations in fields like risk management, derivatives trading, or private equity may also influence salary levels. Metropolitan areas such as Mumbai, Delhi, and Bangalore often offer higher salary prospects due to a concentration of financial firms. Additionally, proficiency in financial modeling, data analysis, and knowledge of global markets could contribute to higher salary packages.

Show Less

What is the Average Salary of BFM Graduates?

The average salary of a Bachelor of Financial Markets (BFM) graduate can vary widely depending on various factors, including the specific job role, location, employer, and the graduate's level of experience and skills. On average, entry-level BFM graduates in India can expect a starting salary of around Rs. 3,50,000 - Rs. 8,00,000 per year. Salaries can, however, rise sharply with experience and professional advancement.

Mid-level professionals with a few years of experience might earn between Rs. 8,50,000 - Rs. 20,00,000 annually, while those in senior roles in fields like investment banking, portfolio management, or risk management can earn even higher, ranging from Rs. 15,00,000 to well above Rs. 30,00,000 annually.

It's important to note that these figures are approximate averages, and actual salaries can vary substantially. Graduates who acquire additional certifications, develop strong analytical and quantitative skills, and gain expertise in specialized areas of finance often have the potential to command higher salaries in the financial industry. Additionally, the region and city of employment can impact salary levels, with metropolitan areas generally offering higher compensation due to the cost of living and the presence of financial institutions.

Show Less

College-wise BFM Salary

Here's an approximate range of salaries for BFM graduates based on the reputation of the institution they graduated from:

College Reputation

Approximate Salary Range (Annually in Rs.)

Top Tier Colleges8,00,000 - 20,00,000
Reputed Business Schools6,00,000 - 15,00,000
Established Universities4,00,000 - 10,00,000
Other Institutions3,00,000 - 6,00,000

Graduates from top-tier institutions and those with additional certifications or specialized skills often have higher earning potential. Salary ranges also depend on the demand for financial professionals in various regions of India.

Show Less

Level of Education wise BFM Salary

Here's an approximate salary breakdown for BFM professionals in India based on their level of education in tabular form:

Education LevelSalary Range
Entry-Level (Bachelor's degree)Rs. 4,00,000 - Rs. 8,00,000 per annum
Mid-Level (with experience)Rs. 8,00,000 - 20,00,000 per annum
Senior-Level (Advanced degrees, experience)Rs. 15,00,000 - 30,00,000+ per annum
Show Less

Job Profile wise BFM Salary

Here is an approximate annual salary range for various job profiles related to a Bachelor of Financial Markets (BFM) degree in India:

Job Profiles

Annual Salary Range (in Rs.)

Financial Analyst3,00,000 - 6,00,000
Investment Banker5,00,000 - 12,00,000
Risk Analyst3,50,000 - 7,00,000
Portfolio Manager6,00,000 - 12,00,000
Equity Research Analyst3,50,000 - 8,00,000
Derivatives Trader4,00,000 - 10,00,000
Credit Analyst3,00,000 - 6,00,000
Financial Planner2,50,000 - 5,00,000
Stockbroker3,00,000 - 7,00,000
Corporate Treasurer6,00,000 - 12,00,000
Show Less

Experience wise BFM Salary

Here is a table listing the approximate salary ranges for Bachelor of Financial Markets (BFM) graduates in India, based on experience levels:

Experience Level

Annual Salary Range (in Rs.)

Entry Level2,50,000 - 4,50,000
1-3 Years4,50,000 - 7,50,000
3-5 Years7,50,000 - 12,00,000
5-10 Years12,00,000 - 20,00,000
10+ Years20,00,000 and above
Show Less

Location wise BFM Salary

Here is a table showing approximate salaries for Business and Financial Management (BFM) professionals in different locations across India:

Location

Average BFM Salary (in Rs.)

Delhi NCR8,00,000 - 14,00,000
Mumbai8,00,000 - 15,00,000
Bengaluru7,00,000 - 14,00,000
Chennai6,50,000 - 12,00,000
Hyderabad6,50,000 - 12,50,000
Pune6,50,000 - 12,00,000
Kolkata6,00,000 - 11,00,000
Ahmedabad5,50,000 - 10,00,000
Chandigarh5,50,000 - 10,00,000
Jaipur5,50,000 - 10,00,000

Please note that these salary ranges are approximate and can vary depending on factors such as the level of experience, the specific industry, and the company's size. Salaries are subject to change over time due to economic conditions and other factors.

Show Less

Employment Area Wise BFM Salary

Here is a table of approximate average salaries for various employment areas in the field of Bachelor of Financial Management (BFM) in India:

Employment Area

Average Salary

Banking6,00,000
Finance5,50,000
Investment Banking8,50,000
Financial Analysis5,80,000
Financial Planning4,90,000
Risk Management6,20,000
Corporate Finance6,10,000
Accounting5,20,000
Treasury Management6,30,000
Financial Consultancy6,40,000
Asset Management7,00,000
Show Less

Government PayScale wise BFM Salary

Here is a table that provides an approximate salary range for a Bachelor of Financial Markets (BFM) in India, based on the government pay scale:

PayScale LevelSalary Range (in Rs. per month)
Pay Level 425,000 - 40,000
Pay Level 530,000 - 50,000
Pay Level 640,000 - 60,000
Pay Level 750,000 - 80,000
Pay Level 860,000 - 90,000
Pay Level 975,000 - 1,00,000
Pay Level 101,00,000 - 1,20,000

Please keep in mind that these salary ranges are approximate and can vary based on factors like government policies, the specific department or organization, and the location in India. It's always a good idea to refer to the latest government pay scales or job notifications for the most accurate and up-to-date information on salaries.

Show Less

BFM Salary Scope in India vs Abroad

Here's a comparison of the salary scope for Business and Financial Management (BFM) professionals in India and abroad. Please note that these figures are approximate and can vary based on factors such as experience, location, and the specific industry.

Position

India (in Rs.)

Abroad 

Financial Analyst5,00,000 - 12,00,000$50,000 - $100,000
Investment Banker8,00,000 - 20,00,000$100,000 - $200,000
Corporate Treasurer10,00,000 - 25,00,000$120,000 - $250,000
Financial Manager12,00,000 - 30,00,000$150,000 - $300,000
Chief Financial Officer (CFO)20,00,000 - 50,00,000$200,000 - $1,000,000

Please keep in mind that these figures can vary significantly depending on factors like the specific city or country, the size and industry of the company, and the individual's qualifications and experience. The salaries abroad are represented in USD for the sake of consistency, but they can also be influenced by the local currency and economic conditions.

Show Less

Job Opportunities After BFM in India

After completing a Bachelor of Financial Markets (BFM) in India, you will have various job opportunities in the financial sector. BFM programs are designed to equip students with knowledge and skills related to financial markets, investment, and risk management. Here are some job opportunities you can explore:

Financial Analyst: Financial analysts assess financial data, trends, and market conditions to provide investment advice and make recommendations. They can work for financial institutions, investment firms, or corporate finance departments.

Equity Research Analyst: Equity research analysts focus on analyzing stocks and securities to provide recommendations for buying, selling, or holding investments. They typically work for brokerage firms or investment banks.

Investment Banking Analyst: Investment banking analysts assist in various financial transactions, including mergers and acquisitions, initial public offerings (IPOs), and corporate financing. This role is often found in investment banks.

Portfolio Manager: Portfolio managers manage investment portfolios on behalf of clients or institutions. They make investment decisions to optimize returns while managing risk. Asset management companies and mutual funds employ portfolio managers.

Risk Manager: Risk managers assess and mitigate financial and investment risks. They are responsible for ensuring that a company's investments are in line with its risk tolerance. Banks, insurance companies, and financial institutions hire risk managers.

Financial Planner/Advisor: Financial planners help individuals and businesses create financial plans, manage their investments, and achieve their financial goals. They often work independently or with financial planning firms.

Derivatives Analyst: Derivatives analysts focus on financial instruments like options, futures, and swaps. They assess market data and trends to make recommendations on derivatives trading strategies.

Compliance Officer: Compliance officers ensure that financial firms and institutions adhere to regulatory and legal requirements. They support the upholding of the legitimacy and integrity of financial transactions.

Treasury Analyst: Treasury analysts manage a company's liquidity and cash flow, making decisions related to investments, borrowing, and risk management. They work in corporate finance departments.

Credit Analyst: In order to evaluate the risk of making a loan, credit analysts evaluate the creditworthiness of both individuals and companies. Banks, credit rating agencies, and financial institutions employ credit analysts.

Financial Journalist: If you have strong communication skills, you can work as a financial journalist, covering financial news, market trends, and economic developments for newspapers, magazines, or online publications.

Regulatory Compliance Analyst: Regulatory compliance analysts ensure that financial institutions adhere to government and industry regulations. They help in maintaining the legal and ethical standards of the financial market.

Quantitative Analyst (Quant): Quants use mathematical and statistical models to analyze financial data and develop trading strategies. They are often employed by hedge funds, asset management firms, and proprietary trading firms.

It's essential to keep in mind that entry-level positions in these fields may require further education or certification. Pursuing additional qualifications, such as Chartered Financial Analyst (CFA), Certified Financial Planner (CFP), or relevant master's degrees, can enhance your job prospects and earning potential in the financial markets industry. Networking and gaining practical experience through internships can also be valuable for securing job opportunities in this competitive field.

Show Less

Jobs after BFM - Government and Private

After completing a Bachelor of Financial Markets (BFM) degree in India, graduates have opportunities to work in both the government and private sectors. Here are some job opportunities and industries that hire BFM graduates in both sectors:

Government Sector Jobs:

Public Sector Banks: BFM graduates can find positions in public sector banks like State Bank of India (SBI), Punjab National Bank (PNB), and others as Probationary Officers, Clerks, or Specialist Officers in areas like finance, risk management, and investment.

Government Regulatory Agencies: Graduates may work in regulatory bodies such as the Securities and Exchange Board of India (SEBI), Reserve Bank of India (RBI), or Insurance Regulatory and Development Authority of India (IRDAI) as financial analysts, examiners, or inspectors.

Government Financial Departments: Opportunities exist in various state and central government financial departments, including the Indian Revenue Service (IRS) for taxation-related roles, or the Indian Economic Service (IES) for economic analysis and policy-related positions.

Private Sector Jobs:

Banking and Financial Services: BFM graduates are in demand by private banks, non-banking financial companies (NBFCs), and other financial institutions. They can work as financial analysts, investment bankers, risk managers, and relationship managers.

Asset Management and Mutual Funds: The asset management industry offers roles in portfolio management, research, and fund management. Graduates can work in firms like HDFC Asset Management, Reliance Nippon Life Asset Management, or ICICI Prudential Asset Management.

Stock Broking and Capital Markets: Graduates can pursue careers in stockbroking firms, trading houses, and capital market entities as equity research analysts, stockbrokers, and market analysts.

Insurance: The insurance industry hires BFM graduates for roles in underwriting, actuarial analysis, claims processing, and risk assessment in companies like LIC, ICICI Lombard, and HDFC Ergo.

Corporate Finance: Corporations across various industries hire BFM graduates for roles in corporate finance, financial planning, and analysis. This includes companies in sectors like IT, manufacturing, and retail.

Consulting Firms: Consulting firms like Deloitte, KPMG, PwC, and EY often recruit BFM graduates for positions related to financial advisory and risk management.

Credit Rating Agencies: Graduates can find opportunities in credit rating agencies such as CRISIL, ICRA, and CARE Ratings as credit analysts and research analysts.

Fintech Companies: With the growth of fintech, BFM graduates can work in startups and technology-driven financial firms in roles related to digital finance, payments, and online lending.

Real Estate: BFM graduates may work in real estate companies in roles related to real estate finance, investment analysis, and property valuation.

Academia and Research: Some BFM graduates choose to pursue further studies and become educators or researchers in the field of finance and financial markets.

In both government and private sectors, BFM graduates can explore a wide range of opportunities in finance, investment, risk management, and related areas. The specific job roles and industries you target will depend on your interests, skills, and career goals. Additionally, pursuing further certifications or postgraduate degrees in finance can open up more advanced and specialized career prospects.

Show Less

BFM Top Recruiters

Bachelor of Financial Markets (BFM) graduates in India can find opportunities with a variety of employers in the financial industry. Some of the top recruiters for BFM graduates in India include:

Banks: National and private sector banks like State Bank of India (SBI), ICICI Bank, HDFC Bank, Axis Bank, and Kotak Mahindra Bank hire BFM graduates for positions such as Financial Analysts, Relationship Managers, and Investment Bankers.

Financial Institutions: Financial institutions like ICICI Securities, Motilal Oswal, and Reliance Capital offer opportunities in areas such as equity research, portfolio management, and financial advisory.

Insurance Companies: Leading insurance companies such as Life Insurance Corporation of India (LIC), ICICI Prudential Life Insurance, and HDFC Ergo often recruit BFM graduates for roles in underwriting, claims, and actuarial analysis.

Mutual Funds and Asset Management Companies: Companies like HDFC Asset Management, Reliance Nippon Life Asset Management, and Franklin Templeton hire BFM graduates for positions in portfolio management, research, and fund management.

Stock Broking Firms: Stockbroking firms and brokerage houses such as Angel Broking, Sharekhan, and Kotak Securities offer opportunities for BFM graduates as stockbrokers, equity analysts, and market researchers.

Consulting Firms: Leading consulting firms like Deloitte, KPMG, Ernst & Young (EY), and PricewaterhouseCoopers (PwC) hire BFM graduates for roles in financial advisory and risk management.

Credit Rating Agencies: Credit rating agencies such as CRISIL, ICRA, and CARE Ratings often recruit BFM graduates for positions as credit analysts and research analysts.

Investment Banks: Some BFM graduates may find opportunities in investment banking with firms like Goldman Sachs, JPMorgan Chase, and Morgan Stanley, though these positions may require additional qualifications and expertise.

Real Estate Companies: Real estate companies like DLF, Godrej Properties, and Brigade Group may hire BFM graduates for roles related to real estate finance and investment analysis.

IT and Technology Companies: Some BFM graduates with a strong analytical and financial background find opportunities in IT and technology companies for roles in financial data analysis and business intelligence.

Fintech Startups: With the growth of fintech in India, many startups in the financial technology sector offer roles in areas like digital finance, payments, and online lending.

Government and Regulatory Bodies: Graduates interested in regulatory roles can explore opportunities with government bodies such as the Securities and Exchange Board of India (SEBI), Reserve Bank of India (RBI), and Insurance Regulatory and Development Authority of India (IRDAI).

It's important to note that the specific roles and opportunities can vary based on the qualifications, experience, and interests of the individual BFM graduate. Building a strong resume and networking within the industry can also play a crucial role in securing positions with these top recruiters in the financial markets sector.

Show Less

FAQs about Bachelor of Financial Markets Salary

Is BFM a good career?

A career in Bachelor of Financial Markets (BFM) can be a good choice for those interested in finance and investment. It offers opportunities in various sectors, including banking, finance, and consulting. Success in this field often depends on individual skills, qualifications, and market conditions, making it a viable and rewarding career path for many.

What is the monthly salary of a BFM graduate in India?

The monthly salary of a Bachelor of Financial Markets (BFM) graduate in India can vary significantly based on factors like the specific job role, location, and the employer. Entry-level positions may offer salaries ranging from approximately Rs. 20,000 to Rs. 40,000, while more experienced professionals can earn substantially higher, often exceeding Rs. 1,00,000 per month.

What are the top paying companies that employ BFM?

Some of the top-paying companies that employ Bachelor of Financial Markets (BFM) graduates in India include leading financial institutions like ICICI Securities, HDFC Asset Management, and investment banks such as Goldman Sachs. These companies offer competitive salaries and attractive compensation packages to finance professionals with specialized skills.

What is the highest monthly salary for BFM graduates in India?

The highest monthly salary for Bachelor of Financial Markets (BFM) graduates in India can range from Rs. 1,00,000 to Rs. 2,00,000 or more for entry-level positions. However, as BFM professionals gain experience and expertise, their salaries can increase significantly, potentially reaching several lakhs per month in top roles within the financial industry.

What is the starting annual salary for BFM graduates in India?

The starting annual salary for Bachelor of Financial Markets (BFM) graduates in India typically ranges from Rs. 3,00,000 to Rs. 6,00,000. However, this can vary based on factors like the city of employment, the specific employer, and the graduate's qualifications and skills.

How does BFM salary in India change with experience?

The salary for Bachelor of Financial Markets (BFM) professionals in India typically increases with experience. Entry-level positions may offer an annual salary of around Rs. 3,00,000 - Rs. 6,00,000. With 5-10 years of experience, it can rise to Rs. 8,00,000 - Rs. 15,00,000. Senior roles with over 10 years' experience can command salaries exceeding Rs. 20,00,000.

What are the top paying industries for BFM graduates in India?

The top paying industries for BFM graduates in India are investment banking, asset management, and private equity. These sectors offer some of the highest salaries due to the complex nature of their work, high financial stakes, and demand for specialized financial expertise.

Is there a significant difference in salaries between BFM graduates employed in the public sector and those in the private sector?

Yes, there is a significant difference in salaries between BFM graduates employed in the public sector and those in the private sector. In general, the private sector tends to offer higher salaries and more lucrative incentives compared to the public sector, where pay scales are often structured differently and may be comparatively lower.

What are the popular/ top skills required to excel a BFM degree?

To excel with a BFM degree, you should cultivate skills like financial analysis, data interpretation, risk management, and market research. Strong quantitative abilities, proficiency in financial software, effective communication, and adaptability to changing economic conditions are also vital. These skills will help you navigate the dynamic world of finance and excel in your career.

Are there additional perks and benefits associated with BFM jobs apart from the basic salary?

Yes, BFM jobs often come with additional perks and benefits beyond the basic salary. These can include performance-based bonuses, health insurance, retirement plans, stock options, professional development opportunities, and access to financial market insights and resources. These perks can significantly enhance the overall compensation package for BFM professionals.

Show Less

BFM Colleges in States

BFM Colleges in Cities

BFM Colleges by College Type