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FirstRand Bank

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4.1

based on 56 Reviews

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Mumbai
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FirstRand Bank Salaries in Mumbai (Updated 2025)

based on 456 latest salaries
Explore Salaries by Departments
Engineering - Software & QA IT & Information Security BFSI, Investments & Trading Data Science & Analytics + 6 more
Designation Avg Annual Salary Open Jobs

Java Developer

3 - 11 years exp. · Mumbai (28 salaries)
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₹10.9 L/yr - ₹30 L/yr

Team Leader (Technical)

8 - 16 years exp. · Mumbai (12 salaries)
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₹17 L/yr - ₹43.5 L/yr

Quantitative Risk Analyst

6 - 11 years exp. · Mumbai (12 salaries)
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₹18 L/yr - ₹53 L/yr

Credit Analyst

1 - 9 years exp. · Mumbai (11 salaries)
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₹8.8 L/yr - ₹30.7 L/yr

Senior Software Engineer

5 - 10 years exp. · Mumbai (11 salaries)
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₹17.1 L/yr - ₹33 L/yr

Devops Engineer

3 - 9 years exp. · Mumbai (10 salaries)
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₹6.5 L/yr - ₹20 L/yr

BI Developer

5 - 13 years exp. · Mumbai (7 salaries)
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₹17.5 L/yr - ₹30 L/yr

Test Analyst

5 - 8 years exp. · Mumbai (7 salaries)
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₹11.2 L/yr - ₹17.6 L/yr

Mainframe Developer

5 - 9 years exp. · Mumbai (6 salaries)
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₹8.8 L/yr - ₹17 L/yr

Middleware Administrator

6 - 11 years exp. · Mumbai (6 salaries)
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₹12.6 L/yr - ₹18 L/yr

Automation Tester

5 - 11 years exp. · Mumbai (6 salaries)
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₹11.3 L/yr - ₹17 L/yr

Quantitative Analyst

2 - 7 years exp. · Mumbai (5 salaries)
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₹12 L/yr - ₹39 L/yr

Finance Executive

4 - 9 years exp. · Mumbai (5 salaries)
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₹6.2 L/yr - ₹13 L/yr

Risk Manager

6 - 15 years exp. · Mumbai (5 salaries)
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₹29.7 L/yr - ₹36 L/yr

Valuation Analyst

3 - 9 years exp. · Mumbai (4 salaries)
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₹22.5 L/yr - ₹30 L/yr

Integration Developer

4 - 8 years exp. · Mumbai (4 salaries)
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₹16 L/yr - ₹25.5 L/yr

Linux System Administrator

4 - 8 years exp. · Mumbai (4 salaries)
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₹7.5 L/yr - ₹16 L/yr

Forex Dealer

11 - 13 years exp. · Mumbai (4 salaries)
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₹28 L/yr - ₹50 L/yr

Data Engineer

4 - 7 years exp. · Mumbai (4 salaries)
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₹15 L/yr - ₹31 L/yr

Applications Engineer

5 - 8 years exp. · Mumbai (4 salaries)
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₹8.5 L/yr - ₹18 L/yr

Last Updated: 3 Apr, 2025

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2w (edited)
peacemaker
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works at
Georgia-Pacific
New offer. Confused.
My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?
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Salary related reviews for FirstRand Bank

4.1

Rated by 35 employees for salary & benefits

Technical Lead in Mumbai

Engineering - Software & QA Department

5.0
  •  posted on 04 Aug 2022
5.0
 for  Salary and Benefits

Likes

...work on some cutting edge technologies where my product was built from scratch . Really love the management , the monetary benefits including the CTC and bonus is very satisfactory . First Rand has the policy to take every employee out for a fully paid foreign trip

read more
  • Salary - Excellent
    • +6 more

Dislikes

Nothing to dislike about this company

Business And Production Support Analyst in Ghansoli Mumbai

BFSI, Investments & Trading Department

4.0
  •  posted on 09 May 2021
5.0
 for  Salary and Benefits

Likes

...s on business / markets and technology. Your efforts will always be appreciated. Good appraisals and bonus on yearly basis.

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  • Salary - Excellent
    • +6 more

Dislikes

Nothing major. Its just your role is very specific and limited on what you work.

CRM Executive

BFSI, Investments & Trading Department

3.0
  •  posted on 21 Feb 2018
2.0
 for  Salary and Benefits

Likes

Training is grate but their work time not fix and salary credited to proper date and gvn to compensation to all exicative proper time but workenvironment not proper comfirtable in completed during work

read more
  • Skill development - Good

Dislikes

  • Salary - Poor
  • Job security - Poor
    • +4 more
see more salary related reviews

Know more about FirstRand Bank Mumbai

More about working at FirstRand Bank

FirstRand Bank Salary FAQs

How much does FirstRand Bank pay to its employees?
The average annual salary at FirstRand Bank varies depending on the role, experience, and location. The salary ranges for some popular designations at FirstRand Bank, are as follows:

Java Developer ₹10.9 Lakhs to ₹30 Lakhs per year
Team Leader (Technical) ₹17 Lakhs to ₹43.5 Lakhs per year
Quantitative Risk Analyst ₹18 Lakhs to ₹53 Lakhs per year
Credit Analyst ₹8.8 Lakhs to ₹30.7 Lakhs per year

The highest-paying role, Quantitative Risk Analyst, earns between ₹15.5 Lakhs to ₹53 Lakhs per year. The top 10% of employees earn more than ₹33 Lakhs per year, and the top 1% earn over ₹55 Lakhs per year. Salaries at FirstRand 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 salary estimates are based on data from 456 salaries submitted by FirstRand Bank employees. FirstRand Bank is rated 4.1 out of 5 stars by its employees on the salary and benefits parameter.

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Average annual salary in FirstRand Bank , Mumbai is INRunlock blur . Salary estimates are based on 400+ FirstRand Bank latest salaries received from various employees of FirstRand Bank.

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