HDB Financial Services Mumbai Business Analyst Salaries by 9 Employees (Updated 2025)

2 - 7 years exp.

₹2.1 Lakhs - ₹10.2 Lakhs

Avg. annual salary

Monthly In-hand Salary

43% less than the average Business Analyst Salary in NBFC Companies for 2 - 7 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

Data Science & Analytics Business Analyst Salary 2 - 7 years exp. (4 salaries)	₹3.5 L/yr - ₹8.7 L/yr
Project & Program Management Business Analyst Salary 4 - 5 years exp. (AmbitionBox Estimate)	₹5.7 L/yr - ₹8 L/yr
Login to view exact salary
IT & Information Security Business Analyst Salary 7 years exp. (AmbitionBox Estimate)	₹6.1 L/yr - ₹8.7 L/yr

Last Updated: 19 Mar 2025

Companies similar to HDB Financial Services for Business Analyst in Mumbai

HDB Financial Services Business Analyst Salary

2 - 7 years exp. (9 salaries)

₹2.1 L/yr - ₹10.2 L/yr

Company name	Avg Annual Salary	Open Jobs
Aditya Birla Finance Business Analyst Salary 1 - 9 years exp. (38 salaries)	₹8 L/yr - ₹23 L/yr 201% more
SMFG India Credit Business Analyst Salary 1 - 8 years exp. (18 salaries)	₹3.2 L/yr - ₹12.5 L/yr 22% more
Login to view exact salary
L&T Finance Business Analyst Salary 0 - 8 years exp. (14 salaries)	₹5.2 L/yr - ₹12.6 L/yr 30% more
Mahindra Finance Business Analyst Salary 2 - 10 years exp. (11 salaries)	₹6.7 L/yr - ₹11.5 L/yr 35% more
IIFL Finance Business Analyst Salary 1 - 7 years exp. (10 salaries)	₹4.2 L/yr - ₹9 L/yr 24% more
BA Continuum Business Analyst Salary 3 - 11 years exp. (7 salaries)	₹10.2 L/yr - ₹25 L/yr 161% more

Business Analyst salary at HDB Financial Services ranges between ₹2.1 Lakhs to ₹10.2 Lakhs per year for employees with experience between 2 years to 7 years. Salary estimates are based on 9 latest salaries received from various employees of HDB Financial Services.

Experience wise HDB Financial Services Business Analyst salaries in Mumbai

Last Updated: 19 Mar 2025

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹6 L/yr
3 years (AmbitionBox Estimate)	₹5 L/yr - ₹6.4 L/yr
Login to view exact salary
4 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹6.8 L/yr
5 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹7.2 L/yr
6 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr
7 years (AmbitionBox Estimate)	₹6.2 L/yr - ₹7.9 L/yr

View all

Similar Designation salaries in HDB Financial Services

Team Lead Salary

(68 salaries)

₹1.8 L/yr - ₹6 L/yr

Data Analyst Salary

(15 salaries)

₹1.8 L/yr - ₹4.7 L/yr

Project Manager Salary

(10 salaries)

₹6.7 L/yr - ₹19.75 L/yr

Senior Associate Salary

(6 salaries)

₹1.7 L/yr - ₹3.5 L/yr

Senior Data Analyst Salary

(3 salaries)

₹4.2 L/yr - ₹4.5 L/yr

Top skills at HDB Financial Services for Business Analyst

Business Analysis Brd FRD Requirement Gathering Gap Analysis Python Lending SQL Requirement Gathering Requirement Analysis GAP Analysis IT Finance Tableau Vendor Management

Salary related reviews for HDB Financial Services

2.0

Rated by 1 employees for salary & benefits

Business Development Executive in Mumbai

Full Time

Sales & Business Development Department

1.0

• posted on 03 Sep 2023

1.0

for Salary and Benefits

Likes

Provident fund.....

Dislikes

...y time new updates comming from company then worst experience of pressure 3 .... Sales manger and HR did not get salary properly when bussines not happening 4 .... When hbd payroll has change to HDFC worst work pressure

Salary - Bad

+6 more

Business Development Executive in Mumbai

Full Time

Sales & Business Development Department

1.0

• posted on 16 May 2022

1.0

for Salary and Benefits

Likes

Company not provided proper training time to the employee

Dislikes

Not giving any preformance letter & warning letter hold salary of employee and at the time of the training of the start month pressurized the employee for resign from the current post.

Salary - Bad

+6 more

Team Lead in Chennai

Full Time

Other Department

1.0

• posted on 03 Nov 2024

1.0

for Salary and Benefits

Likes

Work environment is good

Company culture - Good

Dislikes

There Caller should wait 5 to 6 yrs to get the promotion.salary package is very poor compared with market price.for TLs will never get promotion even work for a decades .4 Managers work there they think they are the center of the universe don't allow TLS to stand up for their decision. Worst management follows only the managers words.worst office politics.manager insult the TLs for they tell their point of view openly .managers need all there TLs to be puppet for them. totally useless company.

Salary - Bad

+3 more

Business Development Executive in Kolkata

Full Time

Commercial Cards Department

5.0

• posted on 30 Mar 2021

4.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair but they don't give good salary hike and bonus every year.

Salary - Good

+4 more

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow.

Promotions - Poor

Business Development Executive in Lucknow

BFSI, Investments & Trading Department

4.0

• posted on 06 Mar 2020

2.0

for Salary and Benefits

Likes

As Hdb is third party partner of HDFC bank . Thus there are chances of on roll job in HDFC bank after experience of 2-3 years from HDB Financial ltd. And you will also be able to earn a lot of incentive in this company depending on uour performance.

Skill development - Good

+2 more

Dislikes

Basic salary is very low . And there is no tracking and data of incentive earned available to the employee.

Salary - Poor

see more salary related reviews

Discover interview dos and don'ts from real experiences

What people are saying about HDB Financial Services

View All

a manager

Ambiguity in JOB offer.

I recently changed my Job as Business Manager with Arka Fincap, but some how I also selected as BM(Branch manager) with HDB financial and Varthana finance. I am very confused, to what I will do. CTC would be same approximately. Suggest me right decision with reason... 1. I can continue with Arka Fincap. 2. Will join HDB financial as BM. 3. Will join Varthana finance as BM. Your feedback will be appreciated.

Got a question about HDB Financial Services?

Ask anonymously on communities.

HDB Financial Services Business Analyst Salary FAQs

What is the salary of Business Analyst at HDB Financial Services in Mumbai?

The average salary of a Business Analyst at HDB Financial Services in Mumbai typically ranges from ₹2.1 Lakhs to ₹10.2 Lakhs per year, depending on experience (from 2 years to 7 years).

The top 10% of Business Analyst in Mumbai at HDB Financial Services earn more than ₹9.6 Lakhs per year, and the top 1% earn over ₹10.2 Lakhs per year. Business Analyst Salaries at HDB Financial Services 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 9 HDB Financial Services employees in India.

What is the estimated take home salary of a Business Analyst at HDB Financial Services in Mumbai?

The estimated take-home salary of a Business Analyst at HDB Financial Services in Mumbai typically ranges from ₹45,974 to ₹47,064 per month. This is based on the average salary range of ₹2.1 Lakhs to ₹10.2 Lakhs per year for employees with experience ranging from 2 years to 7 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 9 salaries received from various employees of HDB Financial Services. 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 HDB Financial Services in Mumbai?

To be a Business Analyst at HDB Financial Services in Mumbai, the key skills required include:

- Business Analysis
- Brd
- FRD
- Requirement Gathering
- Gap Analysis

These skills are highly valued at HDB Financial Services and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than HDB Financial Services for Business Analyst in India?

Aditya Birla Finance	₹8.0 Lakhs to ₹23.0 Lakhs per year
BA Continuum	₹10.2 Lakhs to ₹25.0 Lakhs per year
Mahindra Finance	₹6.7 Lakhs to ₹11.5 Lakhs per year
L&T Finance	₹5.2 Lakhs to ₹12.6 Lakhs per year
IIFL Finance	₹4.2 Lakhs to ₹9.0 Lakhs per year

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

What is the salary of a Business Analyst in companies similar to HDB Financial Services in Mumbai?

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

SMFG India Credit

₹3.2 Lakhs to ₹12.5 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 HDB Financial Services in Mumbai?

The salary growth for a Business Analyst at HDB Financial Services 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 HDB Financial Services:

Experience	Average Salary Range
2 years	₹4.7 Lakhs to ₹6.0 Lakhs per year
3 years	₹5.0 Lakhs to ₹6.4 Lakhs per year
4 years	₹5.3 Lakhs to ₹6.8 Lakhs per year
5 years	₹5.6 Lakhs to ₹7.2 Lakhs per year

and so on.

Tell us how to improve this page.

Home >
Salaries >
HDB Financial Services Salaries >
HDB Financial Services Business Analyst Salaries >
HDB Financial Services Business Analyst Salaries in Mumbai

HDB Financial Services Business Analyst salary in Mumbai ranges between ₹2.1 Lakhs to ₹10.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 9 HDB Financial Services latest salaries received from various employees of HDB Financial Services.