IDFC FIRST Bank Mumbai Analyst Salaries by 40+ Employees (Updated 2025)

1 - 6 years exp.

₹1.9 Lakh - ₹6.8 Lakhs

Salary of majority employees

40% less than the average Analyst Salary in Banking Companies for 1 - 6 years of experience

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Salaries in different departments

BFSI, Investments & Trading Analyst Salary 1 - 6 years exp. (17 salaries)	₹1.9 L/yr - ₹6 L/yr
Finance & Accounting Analyst Salary 1 - 4 years exp. (10 salaries)	₹2.5 L/yr - ₹5.5 L/yr
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Customer Success, Service & Operations Analyst Salary 1 - 6 years exp. (9 salaries)	₹2.5 L/yr - ₹4.4 L/yr
Data Science & Analytics Analyst Salary 3 - 6 years exp. (AmbitionBox Estimate)	₹3.2 L/yr - ₹5.1 L/yr

Last Updated: 21 Mar 2025

Companies similar to IDFC FIRST Bank for Analyst in Mumbai

IDFC FIRST Bank Analyst Salary

1 - 6 years exp. (45 salaries)

₹1.9 L/yr - ₹6.8 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Analyst Salary 1 - 4 years exp. (32 salaries)	₹14.6 L/yr - ₹18.1 L/yr 232% more
Standard Chartered Analyst Salary 1 - 6 years exp. (29 salaries)	₹2 L/yr - ₹7.1 L/yr 21% more
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HDFC Bank Analyst Salary 0 - 7 years exp. (27 salaries)	₹4.2 L/yr - ₹16.7 L/yr 110% more
IndusInd Bank Analyst Salary 1 - 10 years exp. (17 salaries)	₹10.2 L/yr - ₹12.6 L/yr 157% more
Barclays Investment Bank Analyst Salary 0 - 4 years exp. (14 salaries)	₹6.6 L/yr - ₹20 L/yr 250% more
Kotak Mahindra Bank Analyst Salary 0 - 4 years exp. (11 salaries)	₹4.3 L/yr - ₹13 L/yr 100% more
Axis Bank Analyst Salary 0 - 7 years exp. (11 salaries)	₹3 L/yr - ₹9.6 L/yr 72% more
Yes Bank Analyst Salary 0 - 3 years exp. (4 salaries)	₹8.7 L/yr - ₹11 L/yr 104% more
RBL Bank Analyst Salary 1 - 4 years exp. (4 salaries)	₹3 L/yr - ₹10 L/yr 38% more
HSBC Global Banking and Markets Analyst Salary 5 - 7 years exp. (4 salaries)	₹8 L/yr - ₹12.5 L/yr 143% more
Chase Bank Analyst Salary 4 - 12 years exp. (3 salaries)	₹8 L/yr - ₹9.1 L/yr 89% more
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Analyst salary at IDFC FIRST Bank ranges between ₹1.9 Lakh to ₹6.8 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 45 latest salaries received from various employees of IDFC FIRST Bank.

Experience wise IDFC FIRST Bank Analyst salaries in Mumbai

Last Updated: 21 Mar 2025

Experience	Avg Annual Salary
1 year (6 salaries)	₹1.9 L/yr - ₹9 L/yr
2 years (11 salaries)	₹2.5 L/yr - ₹7.6 L/yr
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3 years (7 salaries)	₹2.7 L/yr - ₹5 L/yr
4 years (7 salaries)	₹2.7 L/yr - ₹5.5 L/yr
5 years (10 salaries)	₹2.5 L/yr - ₹7.5 L/yr
6 years (4 salaries)	₹2.5 L/yr - ₹6 L/yr

View all

Similar Designation salaries in IDFC FIRST Bank

Credit Manager Salary

(212 salaries)

₹3 L/yr - ₹13 L/yr

Team Lead Salary

(87 salaries)

₹2.2 L/yr - ₹11.38 L/yr

Business Analyst Salary

(81 salaries)

₹6.01 L/yr - ₹24.5 L/yr

Senior Associate Salary

(37 salaries)

₹1.95 L/yr - ₹6.29 L/yr

Credit Analyst Salary

(29 salaries)

₹3.92 L/yr - ₹14 L/yr

Senior Analyst Salary

(27 salaries)

₹3 L/yr - ₹9 L/yr

Accountant Salary

(6 salaries)

₹2 L/yr - ₹5.05 L/yr

Financial Analyst Salary

(4 salaries)

₹2.9 L/yr - ₹4 L/yr

Top skills at IDFC FIRST Bank for Analyst

Analytics Automation Analysis Monitoring MIS data governance Customer Experience Data Analysis Retail Data Management Coding Analytical Management SAS Auditing

Salary related reviews for IDFC FIRST Bank

3.0

Rated by 7 employees for salary & benefits

Analyst in Mumbai

BFSI, Investments & Trading Department

3.0

• posted on 16 Nov 2021

3.0

for Salary and Benefits

Likes

The organisation is good, managers are helpful. But compensation is below average. No work from home benefits. Even in 2021 company follows work from office compulsory for back office staff.

Job security - Excellent

+1 more

Dislikes

Compensation below industry average. God knows why bank refuses to hire more people at junior level. The team is filled with senior level people and have like crazy work expectations.

Skill development - Bad

+1 more

Assistant Vice President in Hyderabad / Secunderabad

Full Time

Engineering - Software & QA Department

1.0

• posted on 27 Jan 2025

1.0

for Salary and Benefits

Likes

Employee benefits as per banking industry is good if u have home loans

Dislikes

Work life balance, leadership is like complete egoistic and worst, salary hike is not based on performance, job security is close to nothing

Salary - Bad

+6 more

Deputy Manager in Navi Mumbai

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 28 Aug 2023

4.0

for Salary and Benefits

Likes

Salary and perks

Salary - Good

+1 more

Dislikes

I worked in Refund team which is fall under RAS, where management is not good. All the appreciation is goes to girls and their closed ones it doesn't matter whether they only sit and scroll the social media whole day. I worked there only for 5 months, decided to leave organisation after completing my 2 months only because management treatment was very bad to me. RAS is good for girl employee only as management has soft corner for them, further understand what I am trying to tell here.

Skill development - Bad

+4 more

Deputy Manager in Mumbai

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 10 May 2023

3.0

for Salary and Benefits

Likes

I like work culture and job security, overall it's average, if you are good performer then you will get chance to apply for different role

Dislikes

Promotion/ appraisal and salary not good for people who's internally get promoted

Deputy Manager in Ahmedabad

Full Time

Sales & Business Development Department

1.0

• posted on 08 Jan 2023

5.0

for Salary and Benefits

Likes

Only Salary is the best part in IDFC FIRST BANK.

Salary - Excellent

Dislikes

... handle the pressure from their seniors so they put their pressure on employees.Employees only trap in salary part.even in sleep many times you will get dream of working pressure.

Skill development - Bad

+5 more

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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IDFC FIRST Bank Analyst Salary FAQs

What is the salary of Analyst at IDFC FIRST Bank in Mumbai?

The average salary of a Analyst at IDFC FIRST Bank in Mumbai typically ranges from ₹1.9 Lakhs to ₹6.8 Lakhs per year, depending on experience (from 1 year to 6 years).

The top 10% of Analyst in Mumbai at IDFC FIRST Bank earn more than ₹5.0 Lakhs per year, and the top 1% earn over ₹10.0 Lakhs per year. Analyst Salaries at IDFC FIRST 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 40+ IDFC FIRST Bank employees in India.

What is the estimated take home salary of a Analyst at IDFC FIRST Bank in Mumbai?

The estimated take-home salary of a Analyst at IDFC FIRST Bank in Mumbai typically ranges from ₹33,024 to ₹34,293 per month. This is based on the average salary range of ₹1.9 Lakhs to ₹6.8 Lakhs per year for employees with experience ranging from 1 year to 6 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 40+ salaries received from various employees of IDFC FIRST Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Analyst at IDFC FIRST Bank in Mumbai?

To be a Analyst at IDFC FIRST Bank in Mumbai, the key skills required include:

- Analytics
- Automation
- Analysis
- Monitoring
- MIS

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

Which companies offer higher salaries than IDFC FIRST Bank for Analyst in India?

Barclays Investment Bank	₹6.6 Lakhs to ₹20.0 Lakhs per year
ICICI Bank	₹14.6 Lakhs to ₹18.1 Lakhs per year
IndusInd Bank	₹10.2 Lakhs to ₹12.6 Lakhs per year
HSBC Global Banking and Markets	₹8.0 Lakhs to ₹12.5 Lakhs per year
HDFC Bank	₹4.2 Lakhs to ₹16.7 Lakhs per year

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

What is the salary of a Analyst in companies similar to IDFC FIRST Bank in Mumbai?

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

Yes Bank	₹8.7 Lakhs to ₹11.0 Lakhs per year
Kotak Mahindra Bank	₹4.3 Lakhs to ₹13.0 Lakhs per year
Chase Bank	₹8.0 Lakhs to ₹9.1 Lakhs per year
Axis Bank	₹3.0 Lakhs to ₹9.6 Lakhs per year
RBL Bank	₹3.0 Lakhs to ₹10.0 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 Analyst at IDFC FIRST Bank in Mumbai?

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

Experience	Average Salary Range
1 year	₹1.9 Lakhs to ₹9.0 Lakhs per year
2 years	₹2.5 Lakhs to ₹7.6 Lakhs per year
3 years	₹2.7 Lakhs to ₹5.0 Lakhs per year
4 years	₹2.7 Lakhs to ₹5.5 Lakhs per year

and so on.

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IDFC FIRST Bank Analyst Salaries in Mumbai

IDFC FIRST Bank Analyst salary in Mumbai ranges between ₹1.9 Lakh to ₹6.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 45 IDFC FIRST Bank latest salaries received from various employees of IDFC FIRST Bank.