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.
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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
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
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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 |
|
3-5 Years | 8 LPA-15 LPA | 12 LPA-18 LPA |
| |
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
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
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 |
|
Rs. 6-12 LPA
Rs. 12-50+ LPA |
Industry |
|
Rs. 20-40 LPA
Rs. 10-20 LPA |
Experience |
|
|
Qualification |
|
Rs. 10-15 LPA
Rs. 25 to 50+ LPA |
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 |
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)
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.
It varies by role, but generally ranges from Rs. 12 to Rs. 30+ LPA, and more for experienced CFA charter holders in investment roles.
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.
On average, professionals with both earn Rs. 15 to Rs. 50+ LPA, depending on experience, job role, and company.
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.
On Question asked by student community
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Here's a general guideline:
| Target B-school | Safe CAT Percentile (General Category) |
|---|---|
| Indian Institute of |
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B.Arch and MBA Preparation
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