Financial Project Manager Average Salary in India 2024

How much money does a person working as Financial Project Manager make in India?

Average Monthly Salary

46,100 INR

( 553,000 INR yearly)

LOW
23,500
INR AVERAGE
46,100
INR HIGH
71,000
INR

Financial Project Manager Pay Scale and Salaries in India

Salary Structure and Pay Scale Comparison

5% of people earn
42,100 INR or more

10% of people earn
37,400 to 42,100 INR

20% of people earn
27,000 INR or less

65% of people earn
27,000 to 37,400 INR

Minimum Salary 23,500 INR

Median 42,300 INR

Maximum 71,000 INR

Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

• Salary Range, Minimum Wage, and Starting Salary

  Salaries for the position Financial Project Manager in India range from 23,500 INR (starting salary) to 71,000 INR (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

• Median Salary

  With a median salary of 42,300 INR, half of the professionals who work as Financial Project Manager in India earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

• Percentiles and Salary Scale

  The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Financial Project Manager in India earn less than 34,900 INR, while 75% earn more. Similarly, the chart shows that 75% earn less than 48,100 INR while 25% earn more.

• Pay Scale Structure

  To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Financial Project Manager in India compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 27,000 INR to 37,400 INR. About 20% of salaries are below the 27,000 INR mark, while 10% fall within the range of 37,400 INR to 42,100 INR. Only 5% of individuals have salaries exceeding 42,100 INR.

Salary Comparison by Years of Experience / Financial Project Manager / India

How do experience and age affect pay?

The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Financial Project Manager and this is what we found.

Employees with less than two years of experience earn approximately 26,300 INR.

While someone with an experience level between two and five years is expected to earn 34,400 INR, 31% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 48,200 INR, 40% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 57,900 INR, 20% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 62,900 INR, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 67,900 INR, 8% more than people with fifteen to twenty years of experience.

Typical Salary Progress for Most Careers

Salary Comparison By Education / Financial Project Manager / India

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Financial Project Manager.

We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Financial Project Manager in order to make a comparison.

Level 1: Certificate or Diploma

Employees at this education level have an average salary of 30,100 INR.

Level 2: Bachelor's Degree

At this level, the average salary becomes 45,300 INR, 50% more than the previous level.

Level 3: Master's Degree

At this level, the average salary becomes 67,200 INR, 48% more than the previous level.

Typical Salary Difference by Education for Most Careers

Salary and Compensation Comparison By Gender / Financial Project Manager / India

Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Financial Project Manager in India, the average difference between the salary of male and female employees is 17%.

Salary Comparison By Gender in India for all Careers

Average Annual Salary Increment Percentage / Financial Project Manager / India

How much are annual salary increments in India for individuals working as Financial Project Manager? How often do employees get salary raises?

Individuals working as Financial Project Manager in India are likely to observe a salary increase of approximately 13% every 16 months. The national average annual increment for all professions combined is 9% granted to employees every 16 months.

India / All Professions

The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency

Worldwide Salary Raises: All Countries and All Jobs

Bonus and Incentive Rates / Financial Project Manager / India

How much and how often are bonuses being awarded?

Share This Chart

  Tweet      Get Chart Linkhttp://www.salaryexplorer.com/charts/india/accounting-and-finance/financial-project-manager/annual-salary-bonus-rate-india-financial-project-manager.jpg

20% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 80% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 6% to 8% of their annual salary.

Received Bonus		80%
No Bonus		20%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.

What makes a position worthy of good bonuses and a high salary?

Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Average Hourly Wage / Financial Project Manager / India

270 INR per hour

The average hourly wage (pay per hour) for individuals working as Financial Project Manager in India is 270 INR.This is the rate they get paid for every worked hour.

About The Hourly Pay Rate

The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as Financial Project Manager in India is 140 INR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Accounting and Finance		-100%
Account Examiner	16,600 INR	-64%
Account Executive	28,500 INR	-38%
Accountant	21,900 INR	-52%
Accounting Analyst	27,600 INR	-40%
Accounting Assistant	17,100 INR	-63%
Accounting Associate	16,200 INR	-65%
Accounting Clerk	14,300 INR	-69%
Accounting Coordinator	20,000 INR	-57%
Accounting Head	45,100 INR	-2%
Accounting Manager	47,500 INR	+3%
Accounting Officer	16,600 INR	-64%
Accounting Specialist	30,400 INR	-34%
Accounting Supervisor	30,900 INR	-33%
Accounting Technician	15,700 INR	-66%
Accounting Unit Controller	37,500 INR	-19%
Accounts Executive	28,500 INR	-38%
Accounts Officer	17,600 INR	-62%
Accounts Payable and Receivable Specialist	22,800 INR	-51%
Accounts Payable Assistant	18,100 INR	-61%
Accounts Payable Associate	20,400 INR	-56%
Accounts Payable Clerk	16,600 INR	-64%
Accounts Payable Manager	44,200 INR	-4%
Accounts Receivable Administrator	32,800 INR	-29%
Accounts Receivable Clerk	16,600 INR	-64%
Accounts Receivable Financial Analyst	31,400 INR	-32%
Accounts Receivable Manager	43,500 INR	-6%
Accounts Receivable Team Leader	32,800 INR	-29%
Algorithmic Trading Specialist	39,400 INR	-14%
Assistant Accountant	17,100 INR	-63%
Assistant Accounting Manager	41,800 INR	-9%
Assistant Auditor	22,300 INR	-52%
Assistant Corporate Controller	30,400 INR	-34%
Assistant Finance Manager	46,600 INR	+1%
Assistant Financial Controller	30,400 INR	-34%
Audit Director	51,300 INR	+11%
Audit Supervisor	40,900 INR	-11%
Auditing Clerk	17,600 INR	-62%
Auditing Manager	46,600 INR	+1%
Billing Clerk	17,100 INR	-63%
Billing Coordinator	20,400 INR	-56%
Billing Specialist	23,800 INR	-48%
Billing Supervisor	34,200 INR	-26%
Bookkeeper	14,700 INR	-68%
Bookkeeping Specialist	21,400 INR	-54%
Budget Analyst	38,500 INR	-16%
Budget Manager	46,100 INR	+0%
Business Support Analyst	25,200 INR	-45%
Capital Markets Associate	33,700 INR	-27%
Cash Flow Analyst	33,700 INR	-27%
Cash Management Manager	44,200 INR	-4%
Cash Management Officer	25,700 INR	-44%
Cashbook Clerk	15,200 INR	-67%
Chartered Accountant	28,500 INR	-38%
Chief Accountant	33,300 INR	-28%
Chief Financial Technology Officer	46,600 INR	+1%
Collections Clerk	13,800 INR	-70%
Collections Representative	19,500 INR	-58%
Collections Specialist	22,800 INR	-51%
Corporate Controller	35,600 INR	-23%
Corporate Treasurer	42,800 INR	-7%
Cost Accountant	22,600 INR	-51%
Cost Accounting Manager	44,400 INR	-4%
Cost Accounting Supervisor	36,100 INR	-22%
Cost Analyst	35,600 INR	-23%
Credit and Collection Manager	44,700 INR	-3%
Credit and Collection Staff	17,100 INR	-63%
Credit and Loans Officer	16,200 INR	-65%
Credit Controller	30,900 INR	-33%
Credit Manager	46,600 INR	+1%
Debt Adviser	37,100 INR	-19%
Debt Collector	18,100 INR	-61%
Debtors Clerk	15,400 INR	-67%
Debtors Controller	16,600 INR	-64%
Deputy CFO	61,300 INR	+33%
Deputy Head of Finance	61,300 INR	+33%
Derivative Trader	38,500 INR	-16%
Director of Finance	66,000 INR	+43%
E-commerce Accountant	23,300 INR	-49%
Economist	52,300 INR	+14%
Equity Analyst	39,700 INR	-14%
Escrow Assistant	20,000 INR	-57%
Executive Accountant	25,200 INR	-45%
External Auditor	31,400 INR	-32%
Finance Administrator	26,100 INR	-43%
Finance Analyst	40,400 INR	-12%
Finance Associate	19,500 INR	-58%
Finance Data Analyst	36,100 INR	-22%
Finance Director	66,000 INR	+43%
Finance Executive	47,500 INR	+3%
Finance Licensing Clerk	16,200 INR	-65%
Finance Licensing Manager	42,800 INR	-7%
Finance Licensing Specialist	24,200 INR	-47%
Finance Manager	62,700 INR	+36%
Finance Officer	21,400 INR	-54%
Finance President	66,000 INR	+43%
Finance Relationship Manager	51,800 INR	+12%
Finance Release Analyst	25,700 INR	-44%
Finance Specialist	37,100 INR	-19%
Finance Team Leader	49,900 INR	+8%
Financial Accountant	22,300 INR	-52%
Financial Actuary	34,200 INR	-26%
Financial Administrator	37,100 INR	-19%
Financial Advisor	40,600 INR	-12%
Financial Analyst	40,400 INR	-12%
Financial Applications Specialist	28,000 INR	-39%
Financial Assistant	18,100 INR	-61%
Financial Associate	21,400 INR	-54%
Financial Claims Analyst	30,200 INR	-34%
Financial Claims Manager	39,900 INR	-13%
Financial Claims Supervisor	37,100 INR	-19%
Financial Clerk	17,100 INR	-63%
Financial Commercial Analyst	32,300 INR	-30%
Financial Compliance Analyst	36,100 INR	-22%
Financial Compliance Officer	35,400 INR	-23%
Financial Consultant	29,900 INR	-35%
Financial Controller	35,600 INR	-23%
Financial Coordinator	20,500 INR	-56%
Financial Customer Service Manager	40,900 INR	-11%
Financial Data Scientist	41,600 INR	-10%
Financial Dealer and Broker	24,200 INR	-47%
Financial Director	66,000 INR	+43%
Financial Encoder	19,000 INR	-59%
Financial Manager	62,700 INR	+36%
Financial Modelling Analyst	40,100 INR	-13%
Financial Operations Manager	57,000 INR	+24%
Financial Policy Analyst	34,700 INR	-25%
Financial Project Manager	46,100 INR	+0%
Financial Quantitative Analyst	38,500 INR	-16%
Financial Reporting Consultant	32,300 INR	-30%
Financial Reporting Manager	42,800 INR	-7%
Financial Section Head	42,800 INR	-7%
Financial Services Manager	57,000 INR	+24%
Financial Services Sales Agent	24,700 INR	-46%
Financial Technology Consultant	35,200 INR	-24%
Financial Wellness Coach	45,800 INR	-1%
FinTech Analyst	38,500 INR	-16%
Fixed Assets Administrator	23,300 INR	-49%
Forensic Accountant	26,100 INR	-43%
Fraud Detection Supervisor	27,600 INR	-40%
Fraud Prevention Manager	45,600 INR	-1%
Fund Accountant	21,400 INR	-54%
Grants Coordinator	16,600 INR	-64%
Green Finance Analyst	34,000 INR	-26%
Group Financial Manager	64,100 INR	+39%
Internal Auditor	29,900 INR	-35%
Internal Control Adviser	35,200 INR	-24%
Internal Control Officer	19,500 INR	-58%
International Tax Director	54,200 INR	+18%
Inventory Accountant	23,300 INR	-49%
Investment Advisor	59,900 INR	+30%
Investment Analyst	44,200 INR	-4%
Investment Associate	37,500 INR	-19%
Investment Broker	37,500 INR	-19%
Investment Fund Manager	49,900 INR	+8%
Investment Operations Manager	49,900 INR	+8%
Investment Underwriter	19,000 INR	-59%
Investor	29,000 INR	-37%
Investor Relations Manager	45,100 INR	-2%
KYC Team Leader	43,200 INR	-6%
Loan Processor	18,500 INR	-60%
Management Accountant	24,900 INR	-46%
Management Economist	52,300 INR	+14%
Paymaster	18,100 INR	-61%
Payroll Administrator	29,500 INR	-36%
Payroll Benefits Coordinator	24,700 INR	-46%
Payroll Billing Manager	40,900 INR	-11%
Payroll Clerk	19,500 INR	-58%
Payroll Manager	40,900 INR	-11%
Payroll Officer	19,500 INR	-58%
Payroll Specialist	23,300 INR	-49%
Payroll Supervisor	28,500 INR	-38%
Pensions Administrator	23,800 INR	-48%
Personal Financial Advisor	33,300 INR	-28%
Pricing Analyst	37,100 INR	-19%
Private Equity Analyst	39,700 INR	-14%
Project Accountant	23,800 INR	-48%
Proposal Development Coordinator	20,000 INR	-57%
Quantitative Trader	32,100 INR	-30%
Receivables Accountant	20,700 INR	-55%
Regulatory Accountant	24,500 INR	-47%
Retirement Plan Analyst	35,600 INR	-23%
Revenue Management Specialist	37,100 INR	-19%
Revenue Recognition Analyst	41,300 INR	-10%
Risk Management Director	53,700 INR	+17%
Risk Management Supervisor	44,200 INR	-4%
Staff Accountant	21,400 INR	-54%
Tax Accountant	21,100 INR	-54%
Tax Administrator	24,200 INR	-47%
Tax Advisor	34,200 INR	-26%
Tax Analyst	34,200 INR	-26%
Tax Associate	19,000 INR	-59%
Tax Consultant	35,600 INR	-23%
Tax Director	51,800 INR	+12%
Tax Examiner	23,800 INR	-48%
Tax Manager	45,600 INR	-1%
Tax Research Manager	45,600 INR	-1%
Teller	13,300 INR	-71%
Treasury Accountant	24,600 INR	-47%
Treasury Analyst	37,100 INR	-19%
Underwriter	15,700 INR	-66%
Underwriting Assistant	14,700 INR	-68%
Vice President of Finance	61,300 INR	+33%

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in India is 5% on average across all career fields.

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Financial Project Manager in India?

A good and competitive compensation would range anywhere between 42,300 INR and 48,100 INR. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for a careers like Financial Project Manager in India ranges from 23,500 INR to 34,900 INR. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.