MBA + CFA Salary in India 2025: Average Pay, Top Recruiters & Job Roles

MBA + CFA Salary in India 2025: Average Pay, Top Recruiters & Job Roles

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Team Careers360Updated on 15 Jul 2025, 04:23 PM IST

The average MBA + CFA salary in India 2025 for a fresher is Rs. 15-25 LPA. While, professionals with experience of 5-10 years can earn an MBA+ CFA salary up to Rs. 40-60+ LPA. Some of the top recruiters offering high MBA+CFA salary packages are JP Morgan, Goldman Sachs and McKinsey, etc. The MBA+CFA combination is growing in India for targeting high-paying finance jobs. If you are looking to work in positions such as portfolio manager, risk analyst or CFO, the potential for MBA CFA salary is worth the shot. Read more to understand MBA + CFA salary range, top companies, work positions and career advantages.

This Story also Contains

  1. MBA + CFA Salary in India 2025: Top Companies in India
  2. MBA + CFA Salary in India 2025: Overview
  3. MBA+CFA Salary in India 2025 (CFA Level-wise)
  4. Highest Paying MBA + CFA Roles in India
  5. MBA + CFA Salary in India 2025 Breakdown: Other Factors
  6. Top 5 Indian Institutes Offering MBA + CFA Course
  7. What is MBA + CFA?
MBA + CFA Salary in India 2025: Average Pay, Top Recruiters & Job Roles
MBA + CFA Salary in India 2025: Average Pay, Top Recruiters & Job Roles

MBA + CFA Salary in India 2025: Top Companies in India

The following table suggests the top finance companies offering high MBA + CFA salaries in India.

List of Top Recruiters for MBA+CFA Roles

Average Starting Salary (Approx.)

Goldman Sachs

Rs. 3 Lacs- Rs. 8 Lacs

JP Morgan

Rs. 7 Lacs- Rs. 12 Lacs

Morgan and Stanley

Rs. 5 Lacs- Rs. 18 Lacs

HSBC

Rs. 3 Lacs- Rs. 12 Lacs

Credit Suisse

Rs. 7 Lacs- Rs. 12 Lacs

Source: Glassdoor

MBA + CFA Salary in India 2025: Overview

An MBA + CFA qualification can surely increase your earning potential across all career stages. The mentioned table below shows the level-wise Average MBA + CFA salary in India:

Particulars

MBA+CFA Salary Figures (Approx.)

MBA+CFA Average Annual Salary

Rs. 10 Lacs to Rs. 20 LPA

MBA+CFA Fresher’s Salary

Rs. 7 Lacs to Rs. 16 LPA

MBA+CFA Entry-Level Salary

Rs. 3 Lacs to Rs. 15 LPA

MBA+CFA Mid-Level Salary

Rs. 8 Lacs to Rs. 20 LPA

MBA+CFA Senior-Level Salary

Rs. 26 Lacs to Rs. 50+ LPA

Charterholder Average Salary

Rs. 2 Lacs to Rs. 18 LPA

Source: AmbitionBox

MBA+CFA Salary in India 2025 (CFA Level-wise)

MBA + CFA salary in India varies depending on the CFA level and years of experience. This qualification serves the highest level of pay grade in India. The following table highlights estimated salaries at each CFA level and professional roles:

CFA Level

Experience Level

Average Salary

(in INR)

Top Salary Range (in INR)

Popular Roles

CFA Level 1


0-2 Years

4 LPA-6 LPA

6 LPA-10LPA

  • Research Analyst (Entry level)

  • Junior Financial Analyst

3-5 Years

8 LPA-15 LPA

12 LPA-18 LPA

  • Research Analyst

  • Financial Analyst

CFA Level 2

0-2 Years

6 LPA-10 LPA

8 LPA-12 LPA

Equity Research Analyst

3-5 Years

12 LPA-25 LPA

25 LPA

Portfolio Analyst

6-10 Years

15 LPA-30 LPA

30 LPA+

Corporate Finance Professional

CFA Level 3/Charterholder

3-5 Years

12 LPA-25+LPA

15 LPA-30 LPA

Portfolio Manager

6-10 Years

25 LPA-40+LPA

40+ LPA

Investment Banker

10+ Years

30 LPA-60+LPA

80+ LPA

Chief Investment Officer (CIO)

Source: Glassdoor

Highest Paying MBA + CFA Roles in India

Take a brief look at popular MBA with CFA job roles and MBA + CFA salary in India 2025 mentioned in the table.

MBA+ CFA Job Profiles

MBA+CFA Job Salary in India (Approx.)

Equity Research Analyst

Rs. 2 LPA to Rs. 20 LPA

Financial Analyst

Rs. 2 LPA to Rs. 18 LPA

Equity Advisor

Rs. 3 LPA to Rs. 8 LPA

Portfolio Manager

Rs. 4 LPA to Rs. 40 LPA

Risk Manager

Rs. 4 LPA to Rs. 15+ LPA

Investment Banker

Rs. 3 LPA to Rs. 60+ LPA

Source: AmbitionBox

MBA + CFA Salary in India 2025 Breakdown: Other Factors

Let’s analyse the factors that determine the overall salary increase for MBA+CFA professionals.

Factors Affecting MBA+CFA Salary in India

Key Details

MBA+CFA Salary Range

Location

  • Tier-3 cities offer fewer roles and lower salaries.

  • Urban centres such as Mumbai, Delhi and Bangalore provide greater jobs and higher income in global firms and banks.

  • Tier-3 Cities:

Rs. 6-12 LPA


  • Metropolitan City:

Rs. 12-50+ LPA

Industry

  • Industries like investment banking, asset management and consulting pay the highest.

  • Fintech, corporate finance, and insurance also offer good roles, but with lower entry-level salaries.

  • High-paying industries:

Rs. 20-40 LPA


  • Other industries:

Rs. 10-20 LPA

Experience

  • More experience is directly linked to higher pay.

  • Senior roles earn the most. (8+ years of experience)

  • Level 1: Rs. 7-15 LPA

  • Level 2: Rs. 20-30 LPA

  • Level 3: Rs. 50+ LPA

Qualification

  • A top-tier MBA combined with CFA Level 2 increases the chances of high-paying jobs in top firms.

  • In India, a full CFA+MBA is preferred for a high-responsibility role.

  • MBA+CFA Level 2 salary:

Rs. 10-15 LPA


  • MBA+Full CFA salary:

Rs. 25 to 50+ LPA

Top 5 Indian Institutes Offering MBA + CFA Course

There is no official MBA + CFA programme in India as CFA is a certification course and not a degree. Students aiming to pursue CFA Level 1 alongside an MBA can consider the following institutes offering finance programmes covering the CFA syllabus:

Top Indian MBA (Finance) programmes aligned with CFA Level 1

Approx. Fees (in INR)

IIM Ranchi- MBA (Finance)

19.20 Lakhs

IIM Kozhikode- PGP (Finance)

20.50 Lakhs

FLAME University- MBA (Finance)

16-20 Lakhs

IIM Vishakhapatnam- MBA (Finance)

18-22 Lakhs

ICoFP (University of Mysore)- MBA in Financial Analysis

7-10 Lakhs

What is MBA + CFA?

The MBA+ CFA combination enhances both business and financial knowledge. Upon merging these two skills, MBA+CFA is unique and valuable in the present finance industry. Through an MBA degree, one develops leadership and management skills, while the CFA focuses on financial analysis, banking and ethics, making it ideal for roles in investment banking, portfolio management, corporate finance and financial consulting. This qualification gives both technical and practical skills depending on years of experience and industry type.

Frequently Asked Questions (FAQs)

Q: What is the MBA with CFA Level 1 salary in India?
A:

Freshers with CFA Level 1 and an MBA can expect Rs. 7 to Rs. 15 LPA, with higher packages in metros or top finance firms.

Q: What is the salary of a CFA at JP Morgan India?
A:

It varies by role, but generally ranges from Rs. 12 to Rs. 30+ LPA, and more for experienced CFA charter holders in investment roles.

Q: Who earns more, a CFA or an MBA in India?
A:

MBAs from top B-schools usually start higher, but over time, a CFA + MBA qualification tends to earn more due to broader career options and credibility.

Q: What is the salary of a CFA with an MBA?
A:

On average, professionals with both earn Rs. 15 to Rs. 50+ LPA, depending on experience, job role, and company.

Q: Is CFA worth it after an MBA in India?
A:

Yes, this combination helps you target high-paying roles in top finance companies and can help you achieve long-term career goals by opening a wider range of opportunities.

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Questions related to CAT

On Question asked by student community

Have a question related to CAT ?

With a 70 percent in CAT Examination, you can go for various B-Schools or private collages. The S. K. Patel Institute of Management in Gandhinagar is an option for those who score 70-80 percent in their CAT examination or The Gujarat Institute of Management (GIM) in Goa with a cutoff of 60-80 percentage. These are the collages you can look for in Gujarat or nearby.

Collage in other regions: BA Colleges Accepting 70-80 Percentile in CAT 2025

Thank You.

Hello dear candidate,

NO. your application for CAT will not rejected for wrong gender small mistake in the OBC NCL certificate. You will be considered as an OBC candidate.

you just need to get your OBC certificate corrected and need to inform the CAT helpdesk about this error.


Hello,

Here are some top MBA colleges in India with fees under Rs. 2 lakh and their exam/cutoff details:

  • SIMSREE, Mumbai – Fee around Rs. 1.3–1.4 lakh for 2 years. Accepts CAT, CMAT, MAH-CET, MAT, ATMA. Cutoff is very high, usually 99+ percentile in CAT/CMAT.

  • PUMBA (Dept. of Management Sciences, Savitribai Phule Pune University) – Fee around Rs. 1.2–1.3 lakh. Accepts CAT, CMAT, MAH-CET, ATMA. Cutoff approx. 75+ percentile in CAT, 90–95+ percentile in CMAT, high scores in MAH-CET.

  • TISS, Mumbai (MA HRM & other management-related programmes) – Fee around Rs. 1.7–1.9 lakh. Accepts CAT for some courses. Qualifying cutoff is around 60–70 percentile, but final selection cutoffs are higher.

These are the main government institutes where the full MBA/PG programme fee is within Rs. 2 lakh. Cutoffs vary slightly each year and by category, but SIMSREE and PUMBA generally need high scores, while TISS has its own process along with CAT shortlisting.

Hope it helps !

Hey! With a NEET score of 344 in the ST category, it is highly unlikely to get admission in any government BDS college in Delhi through the All India Quota. The cutoff for government BDS seats in Delhi usually falls around 400–450 for ST category, so your score is below that range.

You can consider private dental colleges, state quota seats in other states, or reattempt NEET next year to improve your chances.

Hello dear candidate,

YES, with NEET score 344in the ST category you have high chances of getting admission in a BDS College in J&K through JKBOPEE counselling.

check the seat availability and next participate in JKBOPEE Counselling with all the necessary documents.

Thank you.