Home > Salary > India > Consultant Banking
A consultant in banking is a professional who provides expert advice and guidance to financial institutions and banks. They analyze the bank's operations, processes, and strategies to identify areas for improvement and recommend solutions to enhance efficiency, profitability, and risk management. Consultants in banking may specialize in various areas such as risk management, regulatory compliance, technology implementation, or mergers and acquisitions.
Their responsibilities include conducting thorough research, data analysis, and market assessments to develop effective strategies and action plans. They collaborate with bank executives and teams to implement changes, monitor progress, and provide ongoing support. Consultants in banking also stay updated with industry trends, regulations, and best practices to ensure their recommendations align with current market conditions.
Estimated Yearly Salary: 2,597,166 INR
Estimated Monthly Salary: 216,431 INR
Estimated Weekly Salary: 49,946 INR per week
Estimated Hourly Salary: 1,249 INR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 208,568 INR
Estimated Weekly Salary: 48,131 INR per week
Estimated Hourly Salary: 1,203 INR per hour
Last revision of data: 2024-01-08
Estimated Yearly Salary: 28,787 USD
Estimated Monthly Salary: 2,399 USD
Estimated Weekly Salary: 554 USD per week
Estimated Hourly Salary: 14 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 2,597,166 INR
Estimated Monthly Salary: 216,431 INR
Estimated Weekly Salary: 49,946 INR per week
Estimated Hourly Salary: 1,249 INR per hour
By working as Consultant Banking a person can save up to 1,504 USD per month or 18,045 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in India, see costs of living in India.
Estimated Yearly Salary for Consultant Banking
Last revision of data: 2025-01-04
Data as of 2025
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Consultant Banking salary in India
Average Yearly Salary of Consultant Banking in India is approximately 2,597,166 INR (28,787 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Consultant Banking do?
A consultant in banking is a professional who provides expert advice and guidance to financial institutions and banks. They analyze the bank's operations, processes, and strategies to identify areas for improvement and recommend solutions to enhance efficiency, profitability, and risk management. Consultants in banking may specialize in various areas such as risk management, regulatory compliance, technology implementation, or mergers and acquisitions.
Their responsibilities include conducting thorough research, data analysis, and market assessments to develop effective strategies and action plans. They collaborate with bank executives and teams to implement changes, monitor progress, and provide ongoing support. Consultants in banking also stay updated with industry trends, regulations, and best practices to ensure their recommendations align with current market conditions.
Skills: consultant banking, financial advisory, risk management, regulatory compliance, financial strategy, process improvement
Job industry: Finance
Job industry: Finance
How much does Consultant Banking make?
Salary details
How much does Consultant Banking make?Estimated Yearly Salary: 2,597,166 INR
Estimated Monthly Salary: 216,431 INR
Estimated Weekly Salary: 49,946 INR per week
Estimated Hourly Salary: 1,249 INR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 2,502,810 INREstimated Monthly Salary: 208,568 INR
Estimated Weekly Salary: 48,131 INR per week
Estimated Hourly Salary: 1,203 INR per hour
Last revision of data: 2024-01-08Consultant Banking estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 28,787 USD
Estimated Monthly Salary: 2,399 USD
Estimated Weekly Salary: 554 USD per week
Estimated Hourly Salary: 14 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
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Country:
Salary comparison to National average
India is a diverse and vibrant country located in South Asia. With a population of over 1.3 billion people, it is the second-most populous country in the world. The land area of India spans approximately 3.29 million square kilometers, making it the seventh-largest country by land area. It shares borders with several countries including Pakistan, China, Nepal, Bhutan, Bangladesh, and Myanmar.
Estimated national average yearly salary is 1,850,826 INR (22,380 USD). Value indicated is pre-tax. Below graph shows estimated Consultant Banking job salary compared to average salary in India.
Comparison shows that a person working as Consultant Banking in India earns on average:
1.4 times the average salary (or 140% of average salary).
Estimated national average yearly salary is 1,850,826 INR (22,380 USD). Value indicated is pre-tax. Below graph shows estimated Consultant Banking job salary compared to average salary in India.
Comparison shows that a person working as Consultant Banking in India earns on average:
1.4 times the average salary (or 140% of average salary).
Is Consultant Banking a well paid job?
Yes, our data shows that Consultant Banking is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Consultant Banking?
High salary for Consultant Banking would be somewhere between 2,856,883 INR and 3,765,891 INR. However this is an estimation based on Gaussian Distribution.How much can you save working as Consultant Banking in India?
Living in India the approximate monthly expenses are: 895 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 2,597,166 INR
Estimated Monthly Salary: 216,431 INR
Estimated Weekly Salary: 49,946 INR per week
Estimated Hourly Salary: 1,249 INR per hour
By working as Consultant Banking a person can save up to 1,504 USD per month or 18,045 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in India, see costs of living in India.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Pakistan, China, Nepal, Bhutan, Bangladesh, Myanmar (Burma), Afghanistan. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Consultant Banking
Pakistan is 2,025 USD
China is 16,486 USD
Nepal is 9,464 USD
Bangladesh is 3,618 USD
Afghanistan is 7,706 USD Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in India
(21,041,458 INR per year, pre-tax.)
2. Cardiologist
(17,441,897 INR per year, pre-tax.)
(16,859,303 INR per year, pre-tax.)
4. Neurosurgeon
(16,443,049 INR per year, pre-tax.)
(16,347,274 INR per year, pre-tax.)
(16,022,930 INR per year, pre-tax.)
7. Urologist
(16,021,806 INR per year, pre-tax.)
(15,990,052 INR per year, pre-tax.)
9. Oncologist
(15,984,385 INR per year, pre-tax.)
(15,947,550 INR per year, pre-tax.)
Data as of 2025Random salary:
Director research analytical services (3,664,602 INR per year, pre-tax.)
Nurse's aide (certified) (869,921 INR per year, pre-tax.)
Chemistry teacher postsecondary (2,018,975 INR per year, pre-tax.)
Conference producer (but not event planning) (2,481,319 INR per year, pre-tax.)
Manager financial planning analysis (2,960,070 INR per year, pre-tax.)
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