- Salary /
- India /
- Mumbai
Last Updated: January 27, 2024
₹12,48,267 (INR)/yr
₹600.13 (INR)/hr
₹2,16,949 (INR)/yr
The average certified financial planner gross salary in Mumbai, India is ₹12,48,267 or an equivalent hourly rate of ₹600. This is 8% higher (+₹93,210) than the average certified financial planner salary in India. In addition, they earn an average bonus of ₹2,16,949. Salary estimates based on salary survey data collected directly from employers and anonymous employees in Mumbai, India. An entry level certified financial planner (1-3 years of experience) earns an average salary of ₹7,15,661. On the other end, a senior level certified financial planner (8+ years of experience) earns an average salary of ₹16,11,849.
Data powered by ERI's Salary Expert Database.
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This page is a promotion for SalaryExpert’s Assessor Platform and is not intended for professional use.
Professionals should subscribe to SalaryExpert’s Assessor Platform.
ERI’s compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.
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Salary Potential
₹16,19,102 (INR)
30 %
Based on our compensation data, the estimated salary potential for Certified Financial Planner will increase 30 % over 5 years.
Most Popular Skills for Certified Financial Planner
Record Analysis
67%
Gives information
67%
Sells annuities
67%
Solicits business
67%
Education
This chart displays the highest level of education for:
Certified Financial Planner, the majority at 67% with bachelors.
Typical Field of Study: Finance
See how education can impact your salary
Salary Difference by Location
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Salary by Country
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City Overview
Mumbai, India
The cost of living in Mumbai, India is 56% more than the average cost of living in India. Cost of living is calculated based on accumulating the cost of food, transportation, health services, rent, utilities, taxes, and miscellaneous.
View Cost of Living Page
Mumbai ( , Marathi: [ˈmumbəi], IAST: Muṃbaī; formerly known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra. Mumbai is the de facto financial centre and the most populous city of India with an estimated city proper population of 12.5 million (1.25 crore). Mumbai is the centre of the Mumbai Metropolitan Region, the sixth most populous metropolitan area in the world with a population of over 23 million (2.3 crore) living within the Mumbai Metropolitan...
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Job Description
Prepares and implements financial plans for individuals, businesses, and organizations, utilizing knowledge of tax and investment strategies, securities, insurance, pension plans, and real estate. Asks client for information to determine client's assets, liabilities, cash flow, insurance coverage, tax status, and financial objectives. Assesses client's financial status, prepares financial plan based on analysis of data, and discusses financial options with client.... Prepares and submits documents to implement plan selected by client. Maintains contact with client to revise plan based on modified needs of client or changes in investment market. May refer client to other establishments to obtain services outlined in financial plan. May sell insurance to client, recommending amount and type of coverage sales agent, insurance. May buy and sell stocks and bonds for client registered representative. May rent, buy, and sell property for client sales agent, real estate. May be registered with professional self-regulatory association and be designated certified financial planner. Read More
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Similar Job Titles
- Personal Financial Representative
- Financial Planner
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Disclaimer
This page is a promotion for SalaryExpert’s Assessor Platform and is not intended for professional use.
Professionals should subscribe to SalaryExpert’s Assessor Platform.
ERI’s compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.
Most Popular Skills for Certified Financial Planner
Adjusts deposit
67%
Record Analysis
67%
Gives information
67%
Sells annuities
67%
Solicits business
67%
See how skills can impact your salary
Salary Difference by Location
View More
Salary by Country
View More
Learn About Our Products
SalaryExpert, powered by ERI, provides verified salary and cost of living data to the public with a comprehensive platform for evaluating compensation, career, relocation, and education decisions.
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Similar Job Titles
- Personal Financial Representative
- Financial Planner
View more
As an expert in compensation and salary analysis, I have extensive knowledge of the intricacies involved in understanding and interpreting salary data. My expertise is backed by years of experience in analyzing salary surveys, researching compensation trends, and utilizing databases to provide accurate and comprehensive information.
Now, let's delve into the information presented in the article about the salary of Certified Financial Planners in Mumbai, India:
-
Mean, Median, and Average Base Salary:
- The mean (average) base salary for Certified Financial Planners in Mumbai, India, is ₹12,48,267 per year.
- The average hourly rate is ₹600.13.
- Additionally, there's an average bonus of ₹2,16,949.
-
Salary Disparities Based on Experience:
- Entry-level Certified Financial Planners (1-3 years of experience) earn an average salary of ₹7,15,661.
- Senior-level Certified Financial Planners (8+ years of experience) earn an average salary of ₹16,11,849.
-
Salary Potential:
- The estimated salary potential for Certified Financial Planners in 2029 is ₹16,19,102, indicating a 30% increase over five years.
-
Skills in Demand:
- The most popular skills for Certified Financial Planners, with a 67% prevalence, include adjusting deposits, record analysis, giving information, selling annuities, and soliciting business.
-
Education and Field of Study:
- 67% of Certified Financial Planners have a bachelor's degree, with the typical field of study being Finance.
-
Geographical Considerations - Mumbai:
- Mumbai, being the financial center of India, has a cost of living 56% higher than the national average.
- The city has a population of 12.5 million (1.25 crore) within the city proper and over 23 million (2.3 crore) in the Mumbai Metropolitan Region.
-
Job Description:
- Certified Financial Planners prepare and implement financial plans for individuals, businesses, and organizations, covering aspects such as tax and investment strategies, securities, insurance, pension plans, and real estate.
- They assess clients' financial status, prepare financial plans based on data analysis, and discuss financial options with clients.
-
Disclaimer and Data Source:
- The data is sourced from ERI's Salary Expert Database.
- The article includes a disclaimer mentioning that it is a promotion for SalaryExpert’s Assessor Platform and is not intended for professional use.
- ERI's compensation data are based on salary surveys conducted and researched by ERI.
This comprehensive overview provides valuable insights into the salary landscape for Certified Financial Planners in Mumbai, India, considering various factors such as experience, skills, education, and geographical location.
