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Thinking of pursuing your career in Finance field and want to become a Finance Manager, then firstly know about Finance Manager Salary in India as well as the responsibilities of this job profile in order to move ahead further. Average Finance Manager Salary per month in India for Freshers as well as pay scale for experienced candidates is given here. Know complete details about Finance Manager Salaries in India, Finance Manager Salary for Freshers, Finance Manager Salary Per Month, Finance Manager Pay Scale from here.
Salary proves to be an important factor when you choose a career for yourself. For finance management graduates, there is nothing to worry about Finance Manager Salary as the industry offers good salary to the skilled and talented candidates. Salary in each field depends on your qualification and experience. Apart from the country, job opportunities are also available in big companies abroad where the salary package reaches crores.
Finance Manager Salary
The average salary for a Finance Manager in India is Rs. 993,805/-
The average Accounts Finance Manager salary in India is ₹ 900,000 per year or ₹ 462 per hour. Entry level positions start at ₹ 550,000 per year while most experienced workers make up to ₹ 1,280,000 per year.
Finance Manager Pay Scale:
| Average Finance Manager Salary India | Rs. 993,805/- |
| Bonus | Rs. 100,980/- |
| Profit Sharing | Rs. 40,825/- |
| Commission | Rs. 60,000/- |
| Total Pay | Rs. 385k – Rs. 2m |
Finance Manager Salaries (Company Wise):
| Company Name | Average Finance Manager Salary in India |
| Finance Manager Salary in Genpact | Rs. 1,003,596/- |
| HSBC | Rs. 1,498,902 /- |
| Finance Manager Salary in ICICI Bank | Rs. 1m/- |
| Finance Manager Salary in State Bank of India | Rs. 900,000/- |
| Standard Chartered Bank | Rs. 1,375,689/- |
| Finance Manager Salary in Wipro | Rs. 1,666,147/- |
| HDFC Bank Pvt Ltd | Rs. 584,175/- |
| EY (Ernst & Young) | Rs. 2m/- |
Also Check Out: Office Manager Salary
Finance Manager Salary by Experience Level:
Finance Manager Starting Salary/ Finance Manager Fresher Salary till 20 years of experience under this job profile is mentioned here. The given pay scale also includes tips, bonus, and overtime pay.
| with less than 1 year experience (Finance Manager Salary in India for Freshers) | Rs. 517,369/- |
| with 1-4 years of experience | Rs. 766,676/- |
| with 5-9 years of experience | Rs. 1,087,826/- |
| with 10-19 years of experience | Rs. 1,211,236/- |
| 20 years and higher (Highest Salary of Finance Manager in India) | Rs. 1,205,264/- |
Finance Manager Pay Difference by Location:
| Finance Manager Salary Bangalore, Karnataka | 24% |
| Chennai, Tamil Nadu | 10% |
| Mumbai, Maharashtra | 8% |
| Pune, Maharashtra | 2% |
| Finance Manager Salary in Delhi, Delhi | 4% |
Know About: Bank Manager Salary in India
Popular Skills for Finance Managers:
| Skills | Average Finance Manager Salary |
| Financial Reporting | Rs. 1,104,621/- |
| Financial Analysis | Rs. 1,102,954/- |
| Accounting | Rs. 1,018,905/- |
| Budgeting | Rs. 1,211,427/- |
| Microsoft Excel | Rs. 960,434/- |
Finance Manager Salaries By Company In India
| Company | Average salary |
| Hr Devi and Associates | ₹ 15,85,129 per year |
| Unison International Consulting Pvt. Ltd | ₹ 13,41,743 per year |
| Decon | ₹ 11,59,659 per year |
| AK Best Pro Consultants Private Limited | ₹ 16,30,921 per year |
| GMR Group | ₹ 14,85,830 per year |
| Ikya Human Capital Solutions Pvt Ltd | ₹ 13,18,874 per year |
| SPECTRAL CONSULTANTS | ₹ 12,66,709 per year |
| Vibgyor High | ₹ 12,25,726 per year |
| Talent Leads Consultants | ₹ 9,65,273 per year |
| TRETON | ₹ 10,00,000 per year |
| PASONA N A, INC. | ₹ 12,08,008 per year |
| jobpointer.in | ₹ 10,00,000 per year |
| Bhartia Management Consultancy | ₹ 8,16,324 per year |
| RGF Executive Search | ₹ 13,76,856 per year |
| IL&FS | ₹ 6,48,085 per year |
| Foursis Technical Solution | ₹ 5,61,196 per year |
| I C I C I Life | ₹ 3,50,019 per year |
| Lead Manpower Services Pvt Ltd. | ₹ 5,01,130 per year |
| Up stock | ₹ 3,52,944 per year |
| Digital seva kendra | ₹ 3,42,883 per year |
Finance Manager Job Description:
A Finance Manager needs to work with the other managers and staff of the company for planning the budget. They needs to ensure that projects of the company are completing in the given deadlines. They have to check that the department is following the ongoing track of expenses and are not over budget. They must have leadership and effective communication skills.
Some of the job duties are as:
- To keep an overlook on employees of financial assistants and accountants.
- Search for methods that will be helpful in minimizing the financial risk to company.
- Make monthly and annual reports by reviewing the financial data.
- Stay in touch with the latest updates related to accounting software.
- Understands the financial regulations.
- Keep monitoring of day to day financial operations of the company such as payroll, invoicing transactions.
Get Here: Assistant Manager Salary (India)
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 ₹515,123 based on 209 salaries.
- An early career Finance Manager with 1-4 years of experience earns an average total compensation of ₹734,704 based on 649 salaries.
| Experience Level | Percentage |
| Entry Level | ▼48% |
| Early Career | ▼26% |
| Mid Career | ▲8% |
| Late Career | ▲20% |
| Experienced | ▲20% |
- A mid-career Finance Manager with 5-9 years of experience earns an average total compensation of ₹1,077,969 based on 1,104 salaries.
- An experienced Finance Manager with 10-19 years of experience earns an average total compensation of ₹1,193,865 based on 861 salaries.
- In their late career (20 years and higher), employees earn an average total compensation of ₹1,193,709.
Qualification Required:
To become a Finance Manager, candidate must have a bachelor’s degree in finance, management, accounting, business administration or in any other relevant fields. Some companies preferred CPA certifications and/or MBAs. Candidates must have proficiency in various financial applications and tools.
What Are Popular Skills for Finance Managers?
Skills in Financial Reporting, Financial Analysis and Budgeting are correlated to pay that is above average. Skills that pay less than market rate include Microsoft Excel and Accounting.
| Skills | Avg Salary |
| Financial Reporting | ₹1,081,694 |
| Financial Analysis | ₹1,080,844 |
| Accounting | ₹989,922 |
| Budgeting | ₹1,193,984 |
| Microsoft Excel | ₹918,835 |
You Can Also Check: Highest Paying Government Jobs in India
Finance Manager Career Paths:
Candidates will get promoted to these given job profiles:
Level 1: Finance Manager
Level 2: Senior Finance Manager
Level 3: Finance Controller
Level 4: Finance Director
Check Out Latest Job Opportunities:
So, candidates applying for Finance Manager Position must work hard and reach up at the highest position under this field. All the details mentioned on this page about Finance Manager Salary is well written by the team members of recruitmentresult.com We hope that the provided information is helpful for the visitors of our page.