NCDEX Mumbai Business Analyst Salaries by 5 Employees (Updated 2025)

2 - 8 years exp.

₹4.7 Lakhs - ₹14 Lakhs

Salary of majority employees

20% less than the average Business Analyst Salary in Financial Services Companies for 2 - 8 years of experience

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Last Updated: 8 Jan 2025

Companies similar to NCDEX for Business Analyst in Mumbai

NCDEX Business Analyst Salary

2 - 8 years exp. (5 salaries)

₹4.7 L/yr - ₹14 L/yr

Company name	Avg Annual Salary	Open Jobs
Multi Commodity Exchange of India Business Analyst Salary 2 - 10 years exp. (6 salaries)	₹6.9 L/yr - ₹9.5 L/yr 4% less
ICRA Business Analyst Salary 9 - 14 years exp. (5 salaries)	₹15.5 L/yr - ₹30 L/yr 136% more
Login to view exact salary
SBI Payment Services Business Analyst Salary 3 - 5 years exp. (3 salaries)	₹4.5 L/yr - ₹5.5 L/yr 38% less
National Securities Depository Business Analyst Salary 3 - 6 years exp. (3 salaries)	₹5.9 L/yr - ₹7.5 L/yr 17% less
TCS Business Analyst Salary 0 - 13 years exp. (1.1k salaries)	₹3.8 L/yr - ₹15 L/yr 8% more

Business Analyst salary at NCDEX ranges between ₹4.7 Lakhs to ₹14 Lakhs per year for employees with experience between 2 years to 8 years. Salary estimates are based on 5 latest salaries received from various employees of NCDEX.

Experience wise NCDEX Business Analyst salaries in Mumbai

Last Updated: 8 Jan 2025

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.8 L/yr
3 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹7.3 L/yr
Login to view exact salary
4 years (AmbitionBox Estimate)	₹6.9 L/yr - ₹8.8 L/yr
5 years (AmbitionBox Estimate)	₹8 L/yr - ₹10.2 L/yr
6 years (AmbitionBox Estimate)	₹9.2 L/yr - ₹11.7 L/yr
7 years (AmbitionBox Estimate)	₹10.3 L/yr - ₹13.2 L/yr
8 years (AmbitionBox Estimate)	₹11.5 L/yr - ₹14.7 L/yr

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Similar Designation salaries in NCDEX

Deputy Manager Salary

(28 salaries)

₹6 L/yr - ₹13.65 L/yr

Assistant Vice President Salary

(12 salaries)

₹17.5 L/yr - ₹30 L/yr

Senior Associate Salary

(4 salaries)

₹6 L/yr - ₹6.5 L/yr

Software Engineer Salary

(3 salaries)

₹4.55 L/yr - ₹6.33 L/yr

Top skills at NCDEX for Business Analyst

Business Analysis Business Modeling Process design Relationship Management CRM client servicing MySQL Database Administration QA Management Brd IFRS Auditing Brs SSRS Microsoft Applications Capital Market

Salary related reviews for NCDEX

4.0

Rated by 1 employees for salary & benefits

Assistant Manager in Nagpur

Full Time

Engineering - Software & QA Department

4.0

• posted on 11 Jul 2023

4.0

for Salary and Benefits

Likes

good working culture you can contact anytime with your supervisor and they will help you to resolve your issue.

Salary - Good

+5 more

Dislikes

The existing people having more experience in same organisation they don't want to change related to application performance and enhancement suggestions provided by new people or some new members

Work-life balance - Poor

Executive in Mumbai

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 01 Sep 2020

1.0

for Salary and Benefits

Likes

Too much of work load with over working period. No growth, no appreciation, no work satisfaction.

Dislikes

Lot of politics and no proper management. No career growth, no increment, no appreciation. Only keep on working 24/7 without tiring. Worst experience ever.

Salary - Bad

+6 more

Vice President Operations in Navi Mumbai

Full Time

Legal & Regulatory Department

3.0

• posted on 03 Nov 2024

3.0

for Salary and Benefits

Likes

Earlier during Chairman and MD Mr. Ravikumar the Exchange was having a very open work culture and he openly used to ask each employee personally on any issues faced with reporting authorities and any other departments. Currently the political atmosphere has taken over and wooing your superior without openly discussing the problem is prevalent which is not a good sign as it induces fear and job dissatisfaction on honest employees. Now entire culture has become political.

Dislikes

Politics are at the helm and they target individuals who are honest and upright in openly criticizing the wrong doers or who are straight forward and fearless in portraying to the management about any process which are not properly managed.

Skill development - Poor

+3 more

Management Trainee (working remotely)

Business Development Department

3.0

• posted on 28 Jun 2022

3.0

for Salary and Benefits

Likes

Friendly and supportive reporting managers and co-workers. They listen to the problems we face and provide proper guidance

Dislikes

Frequent and lengthy meetings and lot of meetings in a particular day which can be optimized further. The role involves extensive travelling, proper transportation facilities should be provided or arranged

Work satisfaction - Bad

+1 more

Westrn India Head Of Products Promotion & Business De . in Head Office -mumbai, Branch Office - C.G (Raipur)

Other Department

5.0

• posted on 10 Mar 2022

5.0

for Salary and Benefits

Likes

Job security was also pivotal because we need to learn n get the work done as per own dicision n work culture as well has a significant aspect of being success Iim your Jo naam

Salary - Excellent

+5 more

Dislikes

Nothing special I had that I dislike as from a junior trainee going to level up n up is something self explanatory.

see more salary related reviews

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Salary Discussions, Hike & Promotions

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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NCDEX Business Analyst Salary FAQs

What is the salary of Business Analyst at NCDEX in Mumbai?

The average salary of a Business Analyst at NCDEX in Mumbai typically ranges from ₹4.7 Lakhs to ₹14.0 Lakhs per year, depending on experience (from 2 years to 8 years).

The top 10% of Business Analyst in Mumbai at NCDEX earn more than ₹14.0 Lakhs per year, and the top 1% earn over ₹14.0 Lakhs per year. Business Analyst Salaries at NCDEX 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 5 NCDEX employees in India.

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

The estimated take-home salary of a Business Analyst at NCDEX in Mumbai typically ranges from ₹61,364 to ₹62,919 per month. This is based on the average salary range of ₹4.7 Lakhs to ₹14.0 Lakhs per year for employees with experience ranging from 2 years to 8 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 5 salaries received from various employees of NCDEX. 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 NCDEX in Mumbai?

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

- Business Analysis
- Business Modeling
- Process design
- Relationship Management
- CRM

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

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

ICRA	₹15.5 Lakhs to ₹30.0 Lakhs per year
TCS	₹3.8 Lakhs to ₹15.0 Lakhs per year

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

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

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

Multi Commodity Exchange of India	₹6.9 Lakhs to ₹9.5 Lakhs per year
National Securities Depository	₹5.9 Lakhs to ₹7.5 Lakhs per year
SBI Payment Services	₹4.5 Lakhs to ₹5.5 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 NCDEX in Mumbai?

The salary growth for a Business Analyst at NCDEX 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 NCDEX:

Experience	Average Salary Range
2 years	₹4.5 Lakhs to ₹5.8 Lakhs per year
3 years	₹5.7 Lakhs to ₹7.3 Lakhs per year
4 years	₹6.9 Lakhs to ₹8.8 Lakhs per year
5 years	₹8.0 Lakhs to ₹10.2 Lakhs per year

and so on.

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NCDEX Business Analyst Salaries in Mumbai

NCDEX Business Analyst salary in Mumbai ranges between ₹4.7 Lakhs to ₹14 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 NCDEX latest salaries received from various employees of NCDEX.