IFCI Financial Services Financial Associate Salaries by 8 Employees (Updated 2025)

2 - 9 years exp.

₹7.2 Lakhs - ₹12.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

109% more than the average Financial Associate Salary in FMCG Companies for 2 - 9 years of experience

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Salaries in different departments

Finance & Accounting Financial Associate Salary 2 - 9 years exp. (5 salaries)	₹7.2 L/yr - ₹10.7 L/yr
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Legal & Regulatory Financial Associate Salary 3 - 5 years exp. (3 salaries)	₹8.5 L/yr - ₹12.5 L/yr

Last Updated: 28 Feb 2025

Companies similar to IFCI Financial Services for Financial Associate

Company name	Avg Annual Salary	Open Jobs
Reckitt Benckiser Financial Associate Salary 1 - 8 years exp. (15 salaries)	₹4 L/yr - ₹9 L/yr 38% less
REC Kurukshetra Financial Associate Salary 0 - 4 years exp. (7 salaries)	₹6 L/yr - ₹6.2 L/yr 39% less
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Wipro Enterprises Ltd Financial Associate Salary 1 - 2 years exp. (3 salaries)	₹4.5 L/yr - ₹5.2 L/yr 52% less
Tata Consumer Products Financial Associate Salary 7 - 8 years exp. (3 salaries)	₹3.5 L/yr - ₹7 L/yr 52% less
R.R. Donnelley Financial Associate Salary 0 - 4 years exp. (632 salaries)	₹1.5 L/yr - ₹4.3 L/yr 72% less	1 job opening

Financial Associate salary at IFCI Financial Services ranges between ₹7.2 Lakhs to ₹12.5 Lakhs per year for employees with experience between 2 years to 9 years. Salary estimates are based on 8 latest salaries received from various employees of IFCI Financial Services.

Experience wise IFCI Financial Services Financial Associate salaries

Last Updated: 28 Feb 2025

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹9 L/yr - ₹19.6 L/yr
3 years (AmbitionBox Estimate)	₹8.5 L/yr - ₹19.1 L/yr
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4 years (AmbitionBox Estimate)	₹7.8 L/yr - ₹18.6 L/yr
5 years (AmbitionBox Estimate)	₹7.8 L/yr - ₹12.5 L/yr
6 years (AmbitionBox Estimate)	₹8.8 L/yr - ₹11.2 L/yr
7 years (AmbitionBox Estimate)	₹8.6 L/yr - ₹10.9 L/yr
8 years (AmbitionBox Estimate)	₹8.3 L/yr - ₹10.6 L/yr
9 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹16.1 L/yr

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Similar Designation salaries in IFCI Financial Services

Senior Associate Salary

(AmbitionBox Estimate)

₹15.3 L/yr - ₹19.5 L/yr

Financial Analyst Salary

(AmbitionBox Estimate)

₹2.5 L/yr - ₹3.2 L/yr

Finance Executive Salary

(4 salaries)

₹5.75 L/yr - ₹8 L/yr

Management Trainee Salary

(AmbitionBox Estimate)

₹8.1 L/yr - ₹10.4 L/yr

Team Lead Salary

(AmbitionBox Estimate)

₹2.3 L/yr - ₹2.9 L/yr

Accountant Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Relationship Manager Salary

(3 salaries)

₹3 L/yr - ₹3.4 L/yr

Deputy Manager Salary

(6 salaries)

₹4.2 L/yr - ₹7 L/yr

Salary related reviews for IFCI Financial Services

Executive in Chennai

Full Time

Other Department

4.0

• posted on 05 Aug 2024

3.0

for Salary and Benefits

Likes

We can tried by all the seniors. Leading process is very comfortable with a seniors. It's my first job. And very happy to working with the company. And we have a flexible time. Very safe place to work.

Skill development - Good

+4 more

Dislikes

Nothing but the appraisal is not properly given to the employees.

Promotions - Poor

Branch Manager in Chennai

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 26 May 2023

5.0

for Salary and Benefits

Likes

Incentive every 3 months , ive got 3-12 laks as incentive, but the major set back is i have to give the back the major part to the MD Karra vishveshwara rao & the associate management.

Salary - Excellent

+6 more

Dislikes

Karra vishveshwara rao loots the company .

Deputy General Manager in New Delhi

BFSI, Investments & Trading Department

5.0

• posted on 30 Oct 2018

4.0

for Salary and Benefits

Likes

Best place to learn financing big projects and all India exposure. Being the oldest premier financial institution since 1948 great experience for learning. You will find the top executives in major Banks in private sector are having background of IFCI.

Salary - Good

+6 more

Dislikes

Nothing in particular.

Assistant Manager

Human Resources Department

4.0

• posted on 26 Oct 2018

5.0

for Salary and Benefits

Likes

Working in IFCI was excellent till 2007 and was worst during the period of one of the most arrogant CEO MD who was removed by Govt. as per hon'ble SC directions. Thanks

Salary - Excellent

+6 more

Dislikes

Boss appeasement is mandatory for career upgradation

Deputy General Manager in New Delhi

BFSI, Investments & Trading Department

5.0

• posted on 12 Sep 2018

4.0

for Salary and Benefits

Likes

The company was India's premier Development Financial Institution for financing industry and provided excellent learning opportunities in various facets of project/industrial financing.

Salary - Good

+6 more

Dislikes

Nothing in particular

see more salary related reviews

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Salary Discussions, Hike & Promotions

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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IFCI Financial Services Financial Associate Salary FAQs

What is the salary of Financial Associate at IFCI Financial Services ?

The average salary of a Financial Associate at IFCI Financial Services in India typically ranges from ₹7.2 Lakhs to ₹12.5 Lakhs per year, depending on experience (from 2 years to 9 years).

The top 10% of Financial Associate at IFCI Financial Services earn more than ₹11.9 Lakhs per year, and the top 1% earn over ₹12.5 Lakhs per year. Financial Associate Salaries at IFCI 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 8 IFCI Financial Services employees in India.

What is the estimated take home salary of a Financial Associate at IFCI Financial Services in India?

The estimated take-home salary of a Financial Associate at IFCI Financial Services in India typically ranges from ₹71,606 to ₹73,451 per month. This is based on the average salary range of ₹7.2 Lakhs to ₹12.5 Lakhs per year for employees with experience ranging from 2 years to 9 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 8 salaries received from various employees of IFCI Financial Services. Check how we calculate in-hand salary with our in-hand salary calculator.

What is the salary of a Financial Associate in companies similar to IFCI Financial Services in India?

The salary of a Financial Associate at companies similar to IFCI Financial Services in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Reckitt Benckiser	₹4.0 Lakhs to ₹9.0 Lakhs per year
REC Kurukshetra	₹6.0 Lakhs to ₹6.2 Lakhs per year
Tata Consumer Products	₹3.5 Lakhs to ₹7.0 Lakhs per year
Wipro Enterprises Ltd	₹4.5 Lakhs to ₹5.2 Lakhs per year
R.R. Donnelley	₹1.5 Lakhs to ₹4.3 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 Financial Associate at IFCI Financial Services in India?

The salary growth for a Financial Associate at IFCI Financial Services depends on factors such as experience, performance, and promotions. On average, a Financial Associate can expect the following growth trajectory at IFCI Financial Services:

Experience	Average Salary Range
2 years	₹9.0 Lakhs to ₹19.6 Lakhs per year
3 years	₹8.5 Lakhs to ₹19.1 Lakhs per year
4 years	₹7.8 Lakhs to ₹18.6 Lakhs per year
5 years	₹7.8 Lakhs to ₹12.5 Lakhs per year

and so on.

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IFCI Financial Services Financial Associate Salaries

IFCI Financial Services Financial Associate salary in India ranges between ₹7.2 Lakhs to ₹12.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 IFCI Financial Services latest salaries received from various employees of IFCI Financial Services.