Top 9 Highest Paying Finance Jobs in Bangalore - 2024: A career guide by NorthStar Academy

Bangalore's highest-paying finance jobs

Looking for the most in-demand finance jobs in Bangalore? 

One of the best ways to make money is by landing a high-paying job. Getting a job as a chartered accountant or chartered financial analyst can be lucrative. But what are the other most in-demand finance jobs in Bangalore in 2022? You might be surprised.

In the past two decades, Bangalore has evolved from a mostly agrarian society to a modern-day urban economic power. With this rise in the economy came a rise in competition as well. Now there are innumerable options for people to pursue their careers.

The Indian Finance Industry is one such sector that has risen up over the years because of this economic boom with its new jobs being opened every year. There are many factors to consider when choosing a new job. One of the most important is salary. If you are looking to get into some of the highest-paying jobs in finance, then you have come to the right place. A career in finance is very rewarding.

Key Takeaways

• Most In-Demand Finance Jobs In Bangalore 2022

• choose the Finance Industry

• Join NorthStar Academy

Why choose the Finance Industry?

The finance industry forms the backbone of any business organization. The finance team is responsible for creating a balance sheet for tracking the investments and debt of an organization, as well as formulating the systems for controlling these items. There are many different job roles in the finance department, with differing skill sets required to do each to gain the maximum benefits from them.

In this article, you will find out what kind of job opportunities are available in Bangalore when it comes to financial services. The job descriptions are presented along with the average salary for each one.

Most In-Demand Finance Jobs In Bangalore 2022 

The financial sector in Bangalore is one of the largest employers of manpower and has a favorable job scenario for young professionals. With the advent of globalization, the financial sector witnessed a boom in the demand for professionals in this field. The influx of foreign banks and financial institutions also contributed to this rise in demand for qualified finance professionals.

The Bangalore financial industry is primarily divided into three major segments, namely banking, insurance, and mutual funds. Apart from this, there are many other sectors like stock markets, real estate, investment, etc., which form an integral part of the economy. The need for experts in these fields is very high and offers great career opportunities to youngsters who aspire to make a mark in their professional lives. In India, finance jobs are amongst the highest-paying jobs and are highly coveted by young talent across the country.

Listed below are some of the most-in demand Financial jobs in Bangalore with Salary report in 2022:

1. Chartered Accountant

The Institute of Chartered Accountants of India is one of the most reputed institutes in the country. The work of a chartered accountant is to manage financial accounts and provide advice on financial matters such as taxation, auditing, etc.

An individual who wants to become a chartered accountant needs to clear the CA examination conducted by ICAI every year. The average annual salary of a CA in 2022 ranges between Rs 6 lakhs and Rs 10 lakhs per annum. Some even charge over Rs 1 lakh for doing tax filing for high net-worth individuals.

Average Salary: INR 4,80,000

2. Financial Advisor

Financial advisors help clients make responsible decisions with their money, whether they're setting up retirement plans or investing money. They also help their clients identify short- and long-term financial goals and give them advice on how to reach those goals.

Average Salary: INR 4,30,000

3. Investment Banker

Investment Banking is probably the most coveted career path in Finance. Investment bankers are primarily associated with raising capital for corporations, governments, or other entities. An investment banker's job is to advise organizations on how best to achieve their financial goals and manage risk. They may help clients raise money in capital markets by issuing debt or selling equity, assisting them with acquisitions, or providing strategic advisory services for mergers and other types of financial transactions.

The average annual salary of an investment banker, depending upon the firm, location, and experience, ranges between Rs 5 lakhs to Rs 15 lakhs per annum. The work profile of an investment banker includes assisting companies in raising capital from investors, helping them acquire other companies, advising companies on mergers and acquisitions, & helping governments raise capital from investors by issuing bonds and securities to the public.

Average Salary: INR 5,00,000

4. Financial Analyst

A Financial Analyst is a person who conducts financial analysis for a company, government agency, or organization. The job involves analyzing data, making recommendations based on findings, and providing ongoing support to help the organization make smart business decisions.

Financial Analysts can be generalists who evaluate a range of investment opportunities. Alternatively, they may specialize in certain industries, such as healthcare or technology, or focus on particular types of investments, such as stocks or bonds.

They may also specialize in certain aspects of the financial industry, such as mergers and acquisitions (M&A), risk management, taxes, or trading. Those who work in securities explore investment options and advise clients on stocks and bonds to purchase or sell. Rating analysts assess the creditworthiness of companies that issue debt securities.

Average Salary: INR 3,75,000 - 9,25,000

5. Financial Managers

Financial managers work behind the scenes to ensure that businesses have enough capital available to run operations and meet financial goals. They create reports on financial performance and recommend ways to improve efficiency.

Average Salary: INR 5,25,000 - 11,00,000

6. CFA (Chartered Financial Analyst)

The Chartered Financial Analyst is a designation offered by the CFA Institute to investment and financial professionals. It is considered to be one of the most respected designations in the industry. It requires rigorous training, passing three exams, and at least four years of work experience. A CFA earns an average salary of INR 6,64,150 per year in India.

Average Salary: INR 3,75,000 - 10,00,000 

7. Accountants

Accountants use math skills, analytical skills, and attention to detail to prepare financial records for companies and individuals. They may review tax returns, audit financial statements, perform payroll duties, or deal with accounting operations within a company.

Average Salary: INR 3,00,000–11,00,000

8. Certified Management Accountant (CMA)

A Certified Management Accountant plays a crucial role in managing the finances of an organization. They create financial reports, balance sheets, and income statements, prepare budgets, and monitor the accounting records and procedures of their organization. They also have to manage risk, budgeting, and performance management. A CMA earns an average salary of INR 4,96,000 per year in India.

Average Salary: INR 5,00,000

9. Certified Public Accountant

CPAs are responsible for preparing tax returns and delivering other accounting services such as audits, evaluations, and reviews for their clients or organizations that hire them. They also provide consultancy services related to taxes, investments, and insurance.

Average Salary: INR 9,00,000–20,00,000

Why Join NorthStar Academy?

NorthStar Academy is the best professional certification training center in Dubai and Qatar. Join NorthStar to get CMA US, CPA US, ACCA, and CA certifications. NorthStar Academy is an accredited training partner of IIA and IMA

NorthStar Academy is a leading global learning solutions provider offering professional certification courses in Dubai and Qatar. We are the first ACCA Gold Approved Learning Partner (ALP) in the Middle East, accredited by the Institute of Internal Auditors (IIA) as a Gold Training Provider and approved training partner for the Institute of Management Accountants (IMA).

Our vision is to be the most preferred global learning solutions provider for aspiring professionals looking for leading industry qualifications. Our mission is to help our students cultivate their talent into careers that will help them grow and succeed. Our goal is simple: to help you achieve your goals.

Are you still confused? Don't worry, click here and reach out to our expert counselors today or contact us at +918147470707 

Conclusion

Finance in India encompasses a wide range of sectors, including banking, investment, and personal finance, offering numerous career opportunities for finance professionals. Careers in finance and banking often offer lucrative salaries and a wide range of job opportunities compared to other sectors, making it a popular career choice for many professionals. 

A degree in finance equips individuals with essential knowledge of finance, accounting, and financial management, opening doors to a variety of roles in the finance and banking sectors. Having a solid understanding of finance is crucial for effective personal finance management, enabling individuals to make informed decisions about budgeting, investing, and saving.

 Finance students can explore job opportunities in fields such as portfolio management, financial analysis, and personal finance, with roles available in both junior and senior capacities.

These are the nine most in-demand finance jobs that you can find in Bangalore. Common jobs in the finance and banking sectors include financial analysts, portfolio managers, credit analysts, and personal finance advisors. These jobs make for great careers and can be used to supplement your income and provide you with a beautiful life in Bangalore. 

The job market in India is growing at a rapid pace. With a strong base in the IT sector, thousands are flocking to the country to make their careers there.

A salary guide provides insights into the average compensation for various finance roles, helping job seekers and professionals make informed decisions about career progression and salary expectations.

Entry-level finance jobs typically involve foundational tasks and learning opportunities, while senior positions require more experience and responsibilities, including strategic decision-making and leadership roles. For those considering a career in finance, it is beneficial to gain relevant qualifications, develop strong analytical skills, and stay informed about market trends to increase job opportunities and career growth. 

At the same time, industry needs skilled workers, and finance jobs in particular have some of the highest salary packages available. This list of the nine most in-demand finance jobs can make a profitable career. Bangalore holds great potential for young job seekers to start their careers by working in one of the most sought-after industries in Bangalore. Demand for the financial sector is on the boom with companies of all sizes scrambling to find trained resources in the city.