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

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

    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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