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

1 - 7 years exp.

₹4.2 Lakhs - ₹9 Lakhs

Salary of majority employees

29% 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 - ₹7.3 L/yr
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Engineering - Software & QA Business Analyst Salary 2 - 3 years exp. (AmbitionBox Estimate)	₹7.2 L/yr - ₹7.8 L/yr

Last Updated: 5 Jan 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 11% less
Kotak Securities Business Analyst Salary 1 - 8 years exp. (19 salaries)	₹4.2 L/yr - ₹14.6 L/yr 21% more
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ICICI Securities Business Analyst Salary 1 - 5 years exp. (16 salaries)	₹4 L/yr - ₹14 L/yr 9% more	1 job opening
Sharekhan Business Analyst Salary 2 - 11 years exp. (18 salaries)	₹4 L/yr - ₹9.2 L/yr 5% less
Angel One Business Analyst Salary 1 - 8 years exp. (22 salaries)	₹6 L/yr - ₹15 L/yr 21% more	2 job openings
Motilal Oswal Financial Services Business Analyst Salary 2 - 10 years exp. (40 salaries)	₹2.8 L/yr - ₹10.5 L/yr 5% less	2 job openings
Edelweiss Business Analyst Salary 2 - 8 years exp. (38 salaries)	₹5.5 L/yr - ₹19 L/yr 46% more
Axis Direct Business Analyst Salary 5 - 13 years exp. (5 salaries)	₹6.5 L/yr - ₹13 L/yr 15% more
Reliance Securities Business Analyst Salary 1 - 4 years exp. (4 salaries)	₹5 L/yr - ₹13 L/yr 3% less
Aditya Birla Finance Business Analyst Salary 1 - 9 years exp. (39 salaries)	₹6.6 L/yr - ₹27.5 L/yr 119% more
SMFG India Credit Business Analyst Salary 1 - 8 years exp. (18 salaries)	₹3.2 L/yr - ₹12.5 L/yr 2% more
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L&T Finance Business Analyst Salary 0 - 8 years exp. (15 salaries)	₹5.2 L/yr - ₹15 L/yr 22% more
Tata Capital Business Analyst Salary 1 - 10 years exp. (14 salaries)	₹5.8 L/yr - ₹17.4 L/yr 77% more	1 job opening
Mahindra Finance Business Analyst Salary 2 - 9 years exp. (11 salaries)	₹8.2 L/yr - ₹11.5 L/yr 20% more
HDB Financial Services Business Analyst Salary 2 - 7 years exp. (8 salaries)	₹2.1 L/yr - ₹8.7 L/yr 21% 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: 5 Jan 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)	₹6.5 L/yr - ₹8.4 L/yr
5 years (AmbitionBox Estimate)	₹6.6 L/yr - ₹8.4 L/yr
6 years (AmbitionBox Estimate)	₹6.6 L/yr - ₹8.4 L/yr
7 years (AmbitionBox Estimate)	₹6 L/yr - ₹13.2 L/yr

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Similar Designation salaries in IIFL Finance

Team Lead Salary

(24 salaries)

₹1.25 L/yr - ₹9.19 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

Discover interview dos and don'ts from real experiences

What people are saying about IIFL Finance

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an internal auditor

Offer related guidance

Hi there, I need a little clarity. I am currently working as a Manager in an NBFC from the past 2.5 yrs. My current CTC is 7.7 Lpa fixed. I've an offer in hand with a CTC of 9.7 LPA but with a designation lower than manager i.e. DM. What is your take on it? Should I accept the offer? Is it a fair pay?

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IIFL Finance Business Analyst Salary FAQs

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

Business Analyst salary at IIFL Finance in Mumbai ranges between ₹4.2 Lakhs to ₹9.0 Lakhs for experience between 1 years to 7 years. According to our estimates it is 29% less than the average Business Analyst Salary in India. Salary estimates are based on 10 latest salaries received from various employees of IIFL Finance Mumbai.

How does the salary of a Business Analyst at IIFL Finance Mumbai compare with the average salary range for this job?

The average salary of a Business Analyst at IIFL Finance is 29% less than the average salary of a Business Analyst in Mumbai. To know exact salary insights, login to view.

What are the top skills required to work as a Business Analyst at IIFL Finance?

Business Analysis, Variance Analysis, UAT, Financial Analysis and Financial Modelling are some of the popular skills required to work as a Business Analyst at IIFL Finance Mumbai.

Which similar companies are paying more than IIFL Finance to a Business Analyst in Mumbai?

Aditya Birla Finance Business Analyst Salary - ₹6.6 Lakhs to ₹27.5 Lakhs per year
Tata Capital Business Analyst Salary - ₹5.8 Lakhs to ₹17.4 Lakhs per year
Edelweiss Business Analyst Salary - ₹5.5 Lakhs to ₹19.0 Lakhs per year
L&T Finance Business Analyst Salary - ₹5.2 Lakhs to ₹15.0 Lakhs per year
Kotak Securities Business Analyst Salary - ₹4.2 Lakhs to ₹14.6 Lakhs per year

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

Angel One Business Analyst Salary - ₹6.0 Lakhs to ₹15.0 Lakhs per year
Mahindra Finance Business Analyst Salary - ₹8.2 Lakhs to ₹11.5 Lakhs per year
Axis Direct Business Analyst Salary - ₹6.5 Lakhs to ₹13.0 Lakhs per year
ICICI Securities Business Analyst Salary - ₹4.0 Lakhs to ₹14.0 Lakhs per year
SMFG India Credit Business Analyst Salary - ₹3.2 Lakhs to ₹12.5 Lakhs per year

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 ranges between ₹54,356 per month to ₹55,713 per month in Mumbai. The take-home salary calculation is based on the average IIFL Finance Business Analyst salary in India which ranges between ₹4.2 Lakhs to ₹9.0 Lakhs per year for employees with experience between 1 years to 7 years. Check how did we calculate take home salary?

What is the notice period for Business Analyst at IIFL Finance in Mumbai?

According to AmbitionBox, 50% of the IIFL Finance Business Analysts in Mumbai reported a notice period of 3 Months, 25% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 4 responses on AmbitionBox in last 2 years.

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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.