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

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

Upcoming Event

CAT Admit Card Date:05 Nov' 25 - 30 Nov' 25

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.

Articles
|
Certifications By Top Providers
Online MBA Business Analytics
Via Centre for Distance and Online Education, Anna University, Chennai
Corporate Law
Via National Law University, New Delhi
The Science and Business of Biotechnology
Via Massachusetts Institute of Technology, Cambridge
Online MBA
Via Centre for Distance and Online Education, Anna University, Chennai
Management of Commercial Banking
Via Indian Institute of Technology Kharagpur
Strategic Management
Via Indian Institute of Management Bangalore
Udemy
 703 courses
Edx
 467 courses
Swayam
 236 courses
Emeritus
 231 courses
Explore Top Universities Across Globe
University of Essex, Colchester
Wivenhoe Park Colchester CO4 3SQ
Oxford Brookes University, Oxford
Headington Campus Oxford OX3 0BP UK
Northumbria University, Newcastle City Campus
Sutherland Building, Northumberland Road, Newcastle-upon-Tyne, NE1 8ST
Cardiff Metropolitan University, Cardiff
Llandaff Campus, Western Avenue, Cardiff, CF5 2YB
University of Reading, Reading
Whiteknights PO Box 217 Reading Berkshire RG6 6AH
Bristol Baptist College, Bristol
The Promenade, Clifton Down, Bristol BS8 3NJ

Questions related to CAT

On Question asked by student community

Have a question related to CAT ?

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.

Hey! With an All India Rank (AIR) of 302,821 in NEET and belonging to the BCE category, it is highly unlikely to get a BDS seat in Telangana under the state quota, as the closing ranks for BCE are usually below 50,000. You may consider applying to private colleges under management quota or explore BDS seats in other states, but the chances remain very limited with this rank.

At KIMS Amalapuram, the internship stipend for MBBS students is generally reported to be around 20,000 per month, though some students have mentioned that in certain years no stipend was provided at all, which means it can vary depending on the policies in place at the time of your internship. To get the most accurate and updated information, it is always best to confirm directly with the college administration or recent interns, but on average, you can expect a stipend in the range of 18,000-20,000 per month during the compulsory rotating internship.

Hello Aspirant,

Since your payment status shows "S" , it means your payment is successful. The "payment unsuccessful" message on the form is likely a temporary system error or a delay in updating.

Do not make another payment.

Making a second payment could cause a double debit, which is difficult to get a refund for. You should:

  1. Wait 24-48 hours for the status to update automatically.

  2. Download and save a copy of your form and a screenshot of the "S" payment status as proof.

  3. Check your bank statement to confirm the money has been debited.

  4. If the issue is not fixed after 48 hours, contact the official CAT helpdesk immediately with your transaction details.

Hello

The CAT 2025 exam is a national-level MBA entrance test for IIMs and top B-schools in India. It will be held on 30th November 2025 in computer-based mode across ~170 cities.
The registration is open from 1st August to 13th September 2025 on iimcat.ac.in .
Admit cards will be available from 5th November 2025 onward.
Graduates with at least 50 marks (45 for SC/ST/PwD) are eligible to apply.
The exam tests English, Reasoning, and Quantitative Aptitude in three timed sections.