IIFL Finance Mumbai Business Analyst Salaries by 10 Employees (Updated 2025)

1 - 7 years exp.

₹4.2 Lakhs - ₹9 Lakhs

Salary of majority employees

28% less than the average Business Analyst Salary in NBFC Companies for 1 - 7 years of experience

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Salaries in different departments

Data Science & Analytics Business Analyst Salary 1 - 3 years exp. (3 salaries)	₹4.2 L/yr - ₹8 L/yr
Engineering - Hardware & Networks Business Analyst Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹7 L/yr - ₹7.6 L/yr
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Engineering - Software & QA Business Analyst Salary 2 - 3 years exp. (AmbitionBox Estimate)	₹7.4 L/yr - ₹7.8 L/yr

Last Updated: 14 Feb 2025

Companies similar to IIFL Finance for Business Analyst in Mumbai

IIFL Finance Business Analyst Salary

1 - 7 years exp. (10 salaries)

₹4.2 L/yr - ₹9 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Securities Business Analyst Salary 1 - 9 years exp. (20 salaries)	₹2.6 L/yr - ₹10.8 L/yr 14% less	1 job opening
Kotak Securities Business Analyst Salary 1 - 8 years exp. (19 salaries)	₹4.2 L/yr - ₹14.6 L/yr 18% more
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ICICI Securities Business Analyst Salary 1 - 6 years exp. (17 salaries)	₹4 L/yr - ₹14.6 L/yr 10% more	1 job opening
Sharekhan Business Analyst Salary 2 - 11 years exp. (18 salaries)	₹4 L/yr - ₹9.2 L/yr 9% less
Angel One Business Analyst Salary 1 - 8 years exp. (22 salaries)	₹6 L/yr - ₹15 L/yr 17% more	2 job openings
Motilal Oswal Financial Services Business Analyst Salary 1 - 5 years exp. (37 salaries)	₹2.8 L/yr - ₹11 L/yr 12% less
Edelweiss Business Analyst Salary 2 - 8 years exp. (38 salaries)	₹5 L/yr - ₹16 L/yr 34% more
Axis Direct Business Analyst Salary 5 - 13 years exp. (5 salaries)	₹6.5 L/yr - ₹13 L/yr 11% more
Reliance Securities Business Analyst Salary 1 - 4 years exp. (4 salaries)	₹5 L/yr - ₹13 L/yr 6% less
Aditya Birla Finance Business Analyst Salary 1 - 9 years exp. (39 salaries)	₹7.2 L/yr - ₹27.5 L/yr 123% more
SMFG India Credit Business Analyst Salary 1 - 8 years exp. (18 salaries)	₹3.2 L/yr - ₹12.5 L/yr 2% less
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L&T Finance Business Analyst Salary 0 - 8 years exp. (15 salaries)	₹5.2 L/yr - ₹15 L/yr 17% more
Tata Capital Business Analyst Salary 1 - 10 years exp. (15 salaries)	₹6 L/yr - ₹17.2 L/yr 71% more	1 job opening
Mahindra Finance Business Analyst Salary 2 - 10 years exp. (11 salaries)	₹6.7 L/yr - ₹11.5 L/yr 8% more
HDB Financial Services Business Analyst Salary 2 - 7 years exp. (8 salaries)	₹2.1 L/yr - ₹8.7 L/yr 20% less

Business Analyst salary at IIFL Finance ranges between ₹4.2 Lakhs to ₹9 Lakhs per year for employees with experience between 1 year to 7 years. Salary estimates are based on 10 latest salaries received from various employees of IIFL Finance.

Experience wise IIFL Finance Business Analyst salaries in Mumbai

Last Updated: 14 Feb 2025

Experience	Avg Annual Salary
1 year (4 salaries)	₹6 L/yr - ₹9 L/yr
2 years (3 salaries)	₹7 L/yr - ₹8 L/yr
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3 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹7.8 L/yr
4 years (AmbitionBox Estimate)	₹6.8 L/yr - ₹8.6 L/yr
5 years (AmbitionBox Estimate)	₹6.8 L/yr - ₹8.7 L/yr
6 years (AmbitionBox Estimate)	₹6.8 L/yr - ₹8.7 L/yr
7 years (AmbitionBox Estimate)	₹6 L/yr - ₹13.8 L/yr

View all

Similar Designation salaries in IIFL Finance

Team Lead Salary

(23 salaries)

₹1.25 L/yr - ₹9.28 L/yr

Project Manager Salary

(7 salaries)

₹5.55 L/yr - ₹15 L/yr

Research Analyst Salary

(6 salaries)

₹5 L/yr - ₹18 L/yr

Senior Analyst Salary

(5 salaries)

₹3 L/yr - ₹11.5 L/yr

Senior Business Analyst Salary

(3 salaries)

₹13 L/yr - ₹15 L/yr

Top skills at IIFL Finance for Business Analyst

Business Analysis Variance Analysis UAT Financial Analysis Financial Modelling FPA Finance Mobile Applications Brd Forecasting Change Management Waterfall Banking Agile Budgeting

Salary related reviews for IIFL Finance

4.0

Rated by 2 employees for salary & benefits

Product Manager in Mumbai

Full Time

Product Management Department

4.0

• posted on 20 Mar 2022

4.0

for Salary and Benefits

Likes

...ent at Corporate office. Focus on taking responsibility and getting things done. Good salary & increments vis-a-vis competitors.

Salary - Good

+2 more

Dislikes

Lacks team culture. Poor training by L&D Team. Teams are always under-staffed. Company/Department-level Recognition & appreciation is visibly zero for the Corporate level (exists in Sales team only).

Deputy Manager in Mumbai

Full Time

Data Science & Analytics Department

3.0

• posted on 06 Sep 2023

1.0

for Salary and Benefits

Likes

...wth. Seniors are very rude and insensitive and careless... No work life balance. No salary promotions. No bonuses.. bonus are delayed with less %

Dislikes

Senior behaviour with junior

Salary - Bad

+5 more

Deputy Manager in Koppal

Finance & Accounting Department

5.0

• posted on 27 Jun 2022

3.0

for Salary and Benefits

Likes

Good work environment the management support transperent. There is a huge cafeteria and arcade for chilling company policies are good, Appraisal are fair and they give good salary hike and bonus every year.

Promotions - Excellent

+3 more

Dislikes

Coworkers not support

Skill development - Poor

Senior Associate in Mumbai

Product Department

1.0

• posted on 19 Feb 2021

1.0

for Salary and Benefits

Likes

Nothing.

Dislikes

...ys treated as an outsider despite best efforts one can put in at a senior level. Huge salary cut even before pandemic and during pandemic too. laid off and termination appears to be normal. The assurances or terms agreed at the time of interview were not followed after joining. Lost confidence and mental peace.

Salary - Bad

+6 more

Senior Business Analyst in Gwalior

Data Science & Analytics Department

5.0

• posted on 24 Oct 2017

4.0

for Salary and Benefits

Likes

The company is open to innovation and readily adopts latest technology. I love the fact that I am a part of a team that markets reliable, high quality products and has a global client base. I also like the employee rehire policy here.

Salary - Good

+6 more

Dislikes

Compensation is decent, but growth is slow. The work pressure is very high. Sometimes, I have to work 12-15 hours straight in a day as I have to attend client calls in the evening and sometimes late into the night. I do receive appreciation emails from my client, but they mostly go unnoticed during my mid-year appraisals.

see more salary related reviews

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Salary Discussions, Hike & Promotions

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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IIFL Finance Business Analyst Salary FAQs

What is the salary of Business Analyst at IIFL Finance in Mumbai?

The average salary of a Business Analyst at IIFL Finance in Mumbai typically ranges from ₹4.2 Lakhs to ₹9.0 Lakhs per year, depending on experience (from 1 year to 7 years).

The top 10% of Business Analyst in Mumbai at IIFL Finance earn more than ₹8.5 Lakhs per year, and the top 1% earn over ₹9.0 Lakhs per year. Business Analyst Salaries at IIFL Finance 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 10 IIFL Finance employees in India.

What is the estimated take home salary of a Business Analyst at IIFL Finance in Mumbai?

The estimated take-home salary of a Business Analyst at IIFL Finance in Mumbai typically ranges from ₹56,123 to ₹57,530 per month. This is based on the average salary range of ₹4.2 Lakhs to ₹9.0 Lakhs per year for employees with experience ranging from 1 year 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 10 salaries received from various employees of IIFL Finance. 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 IIFL Finance in Mumbai?

To be a Business Analyst at IIFL Finance in Mumbai, the key skills required include:

- Business Analysis
- Variance Analysis
- UAT
- Financial Analysis
- Financial Modelling

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

Which companies offer higher salaries than IIFL Finance for Business Analyst in India?

Aditya Birla Finance	₹7.2 Lakhs to ₹27.5 Lakhs per year
Tata Capital	₹6.0 Lakhs to ₹17.2 Lakhs per year
Edelweiss	₹5.0 Lakhs to ₹16.0 Lakhs per year
Kotak Securities	₹4.2 Lakhs to ₹14.6 Lakhs per year
Angel One	₹6.0 Lakhs to ₹15.0 Lakhs per year

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

What is the salary of a Business Analyst in companies similar to IIFL Finance in Mumbai?

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

L&T Finance	₹5.2 Lakhs to ₹15.0 Lakhs per year
Axis Direct	₹6.5 Lakhs to ₹13.0 Lakhs per year
ICICI Securities	₹4.0 Lakhs to ₹14.6 Lakhs per year
Mahindra Finance	₹6.7 Lakhs to ₹11.5 Lakhs per year
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 IIFL Finance in Mumbai?

The salary growth for a Business Analyst at IIFL Finance 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 IIFL Finance:

Experience	Average Salary Range
1 year	₹6.0 Lakhs to ₹9.0 Lakhs per year
2 years	₹7.0 Lakhs to ₹8.0 Lakhs per year
3 years	₹4.2 Lakhs to ₹7.8 Lakhs per year
4 years	₹6.8 Lakhs to ₹8.6 Lakhs per year

and so on.

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IIFL Finance Business Analyst Salaries in Mumbai

IIFL Finance Business Analyst salary in Mumbai ranges between ₹4.2 Lakhs to ₹9 Lakhs with an average annual salary of ₹. Salary estimates are based on 10 IIFL Finance latest salaries received from various employees of IIFL Finance.