Axis Bank Mumbai Business Analyst Salaries by 200+ Employees (Updated 2025)

0 - 10 years exp.

₹5.9 Lakhs - ₹18.5 Lakhs

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakh

Monthly In-hand Salary

8% more than the average Business Analyst Salary in Banking Companies for 0 - 10 years of experience

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Salaries in different departments

Data Science & Analytics Business Analyst Salary 0 - 10 years exp. (126 salaries)	₹4.8 L/yr - ₹18.5 L/yr
Engineering - Software & QA Business Analyst Salary 1 - 10 years exp. (19 salaries)	₹11.4 L/yr - ₹15 L/yr
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IT & Information Security Business Analyst Salary 0 - 10 years exp. (16 salaries)	₹4.3 L/yr - ₹16 L/yr
BFSI, Investments & Trading Business Analyst Salary 1 - 8 years exp. (15 salaries)	₹7.5 L/yr - ₹18.8 L/yr
Project & Program Management Business Analyst Salary 1 - 5 years exp. (6 salaries)	₹6.8 L/yr - ₹13 L/yr

View all

Last Updated: 3 Apr 2025

Companies similar to Axis Bank for Business Analyst in Mumbai

Axis Bank Business Analyst Salary

0 - 10 years exp. (273 salaries)

₹5.9 L/yr - ₹18.5 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Business Analyst Salary 0 - 13 years exp. (336 salaries)	₹5 L/yr - ₹17 L/yr 3% less	4 job openings
ICICI Bank Business Analyst Salary 0 - 12 years exp. (151 salaries)	₹4 L/yr - ₹16.5 L/yr 18% less
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Kotak Mahindra Bank Business Analyst Salary 1 - 10 years exp. (150 salaries)	₹4.5 L/yr - ₹19 L/yr 1% less
IDFC FIRST Bank Business Analyst Salary 1 - 9 years exp. (86 salaries)	₹6.5 L/yr - ₹24.5 L/yr 34% more
Barclays Business Analyst Salary 0 - 10 years exp. (56 salaries)	₹9 L/yr - ₹24 L/yr 45% more
Yes Bank Business Analyst Salary 1 - 10 years exp. (37 salaries)	₹3.1 L/yr - ₹12.9 L/yr 30% less
RBL Bank Business Analyst Salary 1 - 7 years exp. (37 salaries)	₹4 L/yr - ₹16.5 L/yr 18% less	1 job opening
IndusInd Bank Business Analyst Salary 2 - 10 years exp. (33 salaries)	₹4 L/yr - ₹15.8 L/yr 20% less	4 job openings
Deutsche Bank Business Analyst Salary 1 - 10 years exp. (20 salaries)	₹5.9 L/yr - ₹18.8 L/yr 8% more	4 job openings
Bank of America Business Analyst Salary 2 - 10 years exp. (18 salaries)	₹8 L/yr - ₹24.3 L/yr 40% more
Standard Chartered Business Analyst Salary 5 - 10 years exp. (8 salaries)	₹7.1 L/yr - ₹19 L/yr 55% more
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Barclays Investment Bank Business Analyst Salary 1 - 5 years exp. (6 salaries)	₹7.5 L/yr - ₹21 L/yr 44% more
State Bank of India Business Analyst Salary 5 - 11 years exp. (6 salaries)	₹14 L/yr - ₹25 L/yr 46% more
Bank of Baroda Business Analyst Salary 5 - 10 years exp. (5 salaries)	₹7 L/yr - ₹20 L/yr 27% more
AU Small Finance Bank Business Analyst Salary 2 - 9 years exp. (3 salaries)	₹5.8 L/yr - ₹13 L/yr 21% less	2 job openings
NatWest Group Business Analyst Salary 4 - 6 years exp. (3 salaries)	₹8.4 L/yr - ₹25.7 L/yr 50% more

Business Analyst salary at Axis Bank ranges between ₹5.9 Lakhs to ₹18.5 Lakhs per year for employees with less than 1 year of experience to 10 years. Salary estimates are based on 273 latest salaries received from various employees of Axis Bank.

Latest annual salaries shared by Axis Bank Business Analyst in Mumbai

3d ago

₹13.5 Lakhs

10 years exp.

2w ago

₹5.9 Lakhs

3 years exp.

3w ago

₹17.5 Lakhs

2 years exp.

3w ago

₹9.5 Lakhs

2 years exp.

3w ago

₹10 Lakhs

2 years exp.

3w ago

1 year exp.

4w ago

1 year exp.

4w ago

1 year exp.

4w ago

6 months exp.

1mo ago

2 years exp.

Experience wise Axis Bank Business Analyst salaries in Mumbai

Last Updated: 3 Apr 2025

Experience	Avg Annual Salary
Fresher (24 salaries)	₹7.5 L/yr - ₹18 L/yr
1 year (68 salaries)	₹4.5 L/yr - ₹17.8 L/yr
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2 years (68 salaries)	₹6.3 L/yr - ₹18 L/yr
3 years (31 salaries)	₹5 L/yr - ₹19 L/yr
4 years (28 salaries)	₹4.6 L/yr - ₹19 L/yr
5 years (19 salaries)	₹4.6 L/yr - ₹18 L/yr
6 years (10 salaries)	₹7.3 L/yr - ₹13.6 L/yr
7 years (9 salaries)	₹7.3 L/yr - ₹20.1 L/yr
8 years (6 salaries)	₹8.5 L/yr - ₹13.5 L/yr
9 years (6 salaries)	₹6.8 L/yr - ₹15 L/yr
10 years (4 salaries)	₹10.7 L/yr - ₹14.7 L/yr

View all

From

Business Analyst

0 - 10 years exp.

Senior Business Analysis Manager

8 - 13 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

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₹4.55 L/yr - ₹8.3 L/yr

Top skills at Axis Bank for Business Analyst

Analytics Business Analysis Python SAS Business Intelligence Analytical Risk Analytics Data Analytics Business Reporting Operations Research SQL Statistics Banking Data Analysis Networking

Salary related reviews for Axis Bank

2.9

Rated by 23 employees for salary & benefits

Business Analyst in Mumbai

Full Time

Data Science & Analytics Department

4.0

• posted on 14 Nov 2023

3.0

for Salary and Benefits

Likes

AXIS BANK is a huge bank with various departments & teams. Experience can vary a lot. This is strictly about my experience in the company. Awesome Work Culture, Work Life Balance. Leaves can be granted easily. Supportive Team

Skill development - Good

+4 more

Dislikes

Salary Compensation

Business Analyst in Mumbai

Full Time

Data Science & Analytics Department

4.0

• posted on 01 Jul 2022

3.0

for Salary and Benefits

Likes

Good culture, great learning, nice people and one of the best work life balance providing organisations in the country

Skill development - Excellent

+5 more

Dislikes

High compensation variance among the same position people and it’s so high that even with good ratings it can’t be overcome

Business Analyst in Mumbai

Full Time

Other Department

3.0

• posted on 14 Feb 2023

3.0

for Salary and Benefits

Likes

1. Salary on time 2. Good amount of leaves

Job security - Good

Dislikes

Axis bank business analyst profile is a myth if you are thinking that you will get to work on some really good technologies and use different tools as a business analyst. Plus if you are a fresher don’t ever think of joining Axis bank. I have been working with Axis bank since 8 months and I joined as a fresher in this profile but let me tell you the reality I haven’t learnt a single thing apart from some basic SQL commands and basic banking operations from this job and being an engineer i feel that don’t ever think of joining axis bank ever. I assure you that after leaving axis also you would be treated as a fresher only as you haven’t learned anything from this company. During my initial days of joining i was very excited to work on projects but after few months I realised that this is a pathetic job. The seniors are only helpful during your first days of joining and after you have joined they will leave you and keep giving you projects without any further guidance. The projects keep on coming and completion rate is very low. No work life balance is there at all. Very stressful job. The senior most management has now introduced JIRA software in which we have to map the projects. There are 2 systems simultaneously we have to update the projects. There is no automation process. Coordinating with other teams are very difficult they don’t entertain you at all. Worst work culture i ever seen.

Skill development - Bad

+4 more

Deputy Manager in Bangalore / Bengaluru (working remotely)

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 24 Jan 2025

3.0

for Salary and Benefits

Likes

Skill development compared to other bank axis provide good learnings

Job security - Good

Dislikes

Axis gives less salary compared to other bank and also high work pressure and high pressure to cross sell and make employees to run behind the customer and its make Customer to get irritated

Work satisfaction - Poor

+2 more

Deputy Manager in Lucknow

Full Time

Legal & Regulatory Department

2.0

• posted on 11 Dec 2024

1.0

for Salary and Benefits

Likes

The team is good and if you want to learn on your own

Job security - Excellent

Dislikes

Location placement is not good Culture is not good as well Salary is the worst as compared to other national banks Overall learning is not that great No training facilities

Salary - Bad

+3 more

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Axis Bank Business Analyst Salary FAQs

What is the salary of Business Analyst at Axis Bank in Mumbai?

The average salary of a Business Analyst at Axis Bank in Mumbai typically ranges from ₹5.9 Lakhs to ₹18.5 Lakhs per year, depending on experience (from Fresher to 10 years).

The top 10% of Business Analyst in Mumbai at Axis Bank earn more than ₹15.1 Lakhs per year, and the top 1% earn over ₹19.8 Lakhs per year. Business Analyst Salaries at Axis Bank can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 200+ Axis Bank employees in India.

What is the estimated take home salary of a Business Analyst at Axis Bank in Mumbai?

The estimated take-home salary of a Business Analyst at Axis Bank in Mumbai typically ranges from ₹80,900 to ₹83,008 per month. This is based on the average salary range of ₹5.9 Lakhs to ₹18.5 Lakhs per year for employees with experience ranging from Fresher to 10 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 200+ salaries received from various employees of Axis Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Business Analyst at Axis Bank in Mumbai?

To be a Business Analyst at Axis Bank in Mumbai, the key skills required include:

- Analytics
- Business Analysis
- Python
- SAS
- Business Intelligence

These skills are highly valued at Axis Bank and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Axis Bank for Business Analyst in India?

Standard Chartered	₹7.1 Lakhs to ₹19.0 Lakhs per year
NatWest Group	₹8.4 Lakhs to ₹25.7 Lakhs per year
State Bank of India	₹14.0 Lakhs to ₹25.0 Lakhs per year
Barclays	₹9.0 Lakhs to ₹24.0 Lakhs per year
Barclays Investment Bank	₹7.5 Lakhs to ₹21.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Axis Bank, depending on the role and experience level.

What is the salary of a Business Analyst in companies similar to Axis Bank in Mumbai?

The salary of a Business Analyst at companies similar to Axis Bank in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Bank of America	₹8.0 Lakhs to ₹24.3 Lakhs per year
IDFC FIRST Bank	₹6.5 Lakhs to ₹24.5 Lakhs per year
Bank of Baroda	₹7.0 Lakhs to ₹20.0 Lakhs per year
Deutsche Bank	₹5.9 Lakhs to ₹18.8 Lakhs per year
Kotak Mahindra Bank	₹4.5 Lakhs to ₹19.0 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Business Analyst at Axis Bank in Mumbai?

The salary growth for a Business Analyst at Axis Bank in Mumbai depends on factors such as experience, performance, and promotions. On average, a Business Analyst in Mumbai can expect the following growth trajectory at Axis Bank:

Experience	Average Salary Range
Fresher	₹7.5 Lakhs to ₹18.0 Lakhs per year
1 year	₹4.5 Lakhs to ₹17.8 Lakhs per year
2 years	₹6.3 Lakhs to ₹18.0 Lakhs per year
3 years	₹5.0 Lakhs to ₹19.0 Lakhs per year

and so on.

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Axis Bank Business Analyst Salaries in Mumbai

Axis Bank Business Analyst salary in Mumbai ranges between ₹5.9 Lakhs to ₹18.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 273 Axis Bank latest salaries received from various employees of Axis Bank.