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MBA + CFA Salary in India 2025: CFA Level-wise Pay, Roles & Top Recruiters

Published 1 day ago25 minute read

The average MBA + CFA salary in India 2025 for a fresher is Rs. 15-25 LPA. While, professionals with experience ranging from 5-10 years can earn up to Rs. 40-60+ LPA. Some of the top recruiters offering high MBA CFA salary packages are JP Morgan, Goldman Sachs and McKinsey, etc. The MBA+CFA combination is growing in India for targeting high-paying finance jobs. If you are looking to work in positions such as portfolio manager, risk analyst or CFO, the potential for MBA CFA salary is worth the shot. Read more to understand MBA + CFA salary range, top companies, work positions and career advantages.

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MBA + CFA Salary in India 2025: Average Pay, Top Recruiters & Job Roles

MBA + CFA Salary in India 2025: Average Pay, Top Recruiters & Job Roles

The following table suggests the top finance companies offering high MBA + CFA salaries in India.

Goldman Sachs

Rs. 3 Lacs- Rs. 8 Lacs

JP Morgan

Rs. 7 Lacs- Rs. 12 Lacs

Morgan and Stanley

Rs. 5 Lacs- Rs. 18 Lacs

HSBC

Rs. 3 Lacs- Rs. 12 Lacs

Credit Suisse

Rs. 7 Lacs- Rs. 12 Lacs

Glassdoor

An MBA + CFA qualification can surely increase your earning potential across all career stages. The mentioned table below shows the level-wise Average MBA + CFA salary in India:

MBA+CFA Average Annual Salary

Rs. 10 Lacs to Rs. 20 LPA

MBA+CFA Fresher’s Salary

Rs. 7 Lacs to Rs. 16 LPA

MBA+CFA Entry-Level Salary

Rs. 3 Lacs to Rs. 15 LPA

MBA+CFA Mid-Level Salary

Rs. 8 Lacs to Rs. 20 LPA

MBA+CFA Senior-Level Salary

Rs. 26 Lacs to Rs. 50+ LPA

Charterholder Average Salary

Rs. 2 Lacs to Rs. 18 LPA

Source: AmbitionBox

MBA + CFA salary in India varies depending on the CFA level and years of experience. This qualification serves the highest level of pay grade in India. The following table highlights estimated salaries at each CFA level and professional roles:

CFA Level 1

0-2 Years

4 LPA-6 LPA

6 LPA-10LPA

3-5 Years

8 LPA-15 LPA

12 LPA-18 LPA

CFA Level 2

0-2 Years

6 LPA-10 LPA

8 LPA-12 LPA

Equity Research Analyst

3-5 Years

12 LPA-25 LPA

25 LPA

Portfolio Analyst

6-10 Years

15 LPA-30 LPA

30 LPA+

Corporate Finance Professional

CFA Level 3/Charterholder

3-5 Years

12 LPA-25+LPA

15 LPA-30 LPA

Portfolio Manager

6-10 Years

25 LPA-40+LPA

40+ LPA

Investment Banker

10+ Years

30 LPA-60+LPA

80+ LPA

Chief Investment Officer (CIO)

Glassdoor

Take a brief look at popular MBA with CFA job roles and MBA + CFA salary in India 2025 mentioned in the table.

Equity Research Analyst

Rs. 2 LPA to Rs. 20 LPA

Financial Analyst

Rs. 2 LPA to Rs. 18 LPA

Equity Advisor

Rs. 3 LPA to Rs. 8 LPA

Portfolio Manager

Rs. 4 LPA to Rs. 40 LPA

Risk Manager

Rs. 4 LPA to Rs. 15+ LPA

Investment Banker

Rs. 3 LPA to Rs. 60+ LPA

Source: AmbitionBox

Let’s analyse the factors that determine the overall salary increase for MBA+CFA professionals.

Location

Rs. 6-12 LPA

Rs. 12-50+ LPA

Industry

Rs. 20-40 LPA

Rs. 10-20 LPA

Experience

Qualification

Rs. 10-15 LPA

    Rs. 25 to 50+ LPA

    There is no official MBA + CFA programme in India as CFA is a certification course and not a degree. Students aiming to pursue CFA Level 1 alongside an MBA can consider the following institutes offering finance programmes covering the CFA syllabus:

    The MBA+ CFA combination enhances both business and financial knowledge. Upon merging these two skills, MBA+CFA is unique and valuable in the present finance industry. Through an MBA degree, one develops leadership and management skills, while the CFA focuses on financial analysis, banking and ethics, making it ideal for roles in investment banking, portfolio management, corporate finance and financial consulting. This qualification gives both technical and practical skills depending on years of experience and industry type.

    1. Is CFA worth it after an MBA in India?

    Yes, this combination helps you target high-paying roles in top finance companies and can help you achieve long-term career goals by opening a wider range of opportunities.

    2. What is the salary of a CFA with an MBA?

    On average, professionals with both earn Rs. 15 to Rs. 50+ LPA, depending on experience, job role, and company.

    3. Who earns more, a CFA or an MBA in India?

    MBAs from top B-schools usually start higher, but over time, a CFA + MBA qualification tends to earn more due to broader career options and credibility.

    4. What is the salary of a CFA at JP Morgan India?

    It varies by role, but generally ranges from Rs. 12 to Rs. 30+ LPA, and more for experienced CFA charter holders in investment roles.

    5. What is the MBA with CFA Level 1 salary in India?

    Freshers with CFA Level 1 and an MBA can expect Rs. 7 to Rs. 15 LPA, with higher packages in metros or top finance firms.

    Application Date:08 May,2025 - 11 July,2025

    Application Date:02 June,2025 - 15 July,2025

    Counselling Date:30 June,2025 - 09 July,2025

    Application Date:03 July,2025 - 15 July,2025

    Interview Date:07 July,2025 - 10 July,2025

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      Have a question related to

      CAT

      ?

      Hello Anshuman!!!
      You have gotten 86% in 10th, which is a good score. 70% in graduation is not the best but decent. But the main problem is your 12th score which is 62%.

      You would be already aware that the Top IIMs (BLACKI) give a big emphasis on your academic score. Let me tell you one example of IIM Ahmedabad,
      According to a research i read a few days ago, in IIM Ahmedabad, of students has 90+ percent in 12th, has 80-90 percent and around has less than 80% with the bracket of 60-69 having only students of the total batch. Nearly same is the case of the other top IIMs like IIM Bangalore, IIM Calcutta, IIM Lucknow, IIM Kozhikode and IIM Indore.

      Statistically, getting into these TOP IIMs is possible with 62% in 12th is possible (0.26% has done it) but practically you cannot get into these TOP IIMs unless you top the CAT exam.

      See, I don't wish to dishearten or demotivate you but I wish to tell you the truth. Although the probability of you getting into these TOP IIMs is very less, but trying is better than doing nothing. You have a good score in 10th which will certainly help you. The least you could do is try your best.

      My advice would be that you should not focus on these things like "Will I get top IIM" or negative talk like " I got low marks I won't qualify" etc. Give 100% in your preparation because that's the only thing in your hand. You can't change your 10th/12th/Graduation scores but you can put some more effort in your preparation which would certainly help to get better percentile.

      Keep working hard and give your best. You might surprise yourself!!! And if not BLACKI, there are many other good colleges like FMS, MDI, newer IIMs etc.

      Hello,

      Yes, with a 622 rank in and being a Delhi candidate, you have a good chance of getting admission in MAIT (Maharaja Agrasen Institute of Technology).

      You don’t need to worry about not giving the CAT exam. IPU CET rank is enough for admission in MAIT under the CET quota.

      Just make sure to keep MAIT high in your preference list during counselling.

      Hope it helps !

      Yes, candidates who qualify in CUSAT CAT can gain admission to various participating institutes based on their rank. These include engineering colleges associated with CUSAT, such as its own School of Engineering in Kochi, Model Engineering College, and over 20 government and private engineering colleges across Kerala like College of Engineering Thrikkaripur, Co-operative Institute of Technology Vadakara, and MG College of Engineering Thiruvallam. The final seat allotment is based on your rank and your choice of program during the counselling process.

      Hello Ashish,

      Yes, you can get admission to MBA programs at IISWBM without a CAT score, but only for certain courses. Note that IISWBM has MBA programs under the University of Calcutta and flagship courses like MBA (Day) or MBA-HRM typically require a CAT score. Other programs like the PGDM or Executive MBA/Course may have other entrance examinations on which consideration would be made, or considerations may be based on merit, and of course work experience. Always run any eligibility detail checks with the official IISWBM (https://www.iiswbm.edu/) website or The IISWBM prospectus.

      View All

      M/s Deloitte Touche Tohmatsu Limited, one of the top four audit and accounting firms in the world with headquarters at London, UK, and with an operational presence in 153 countries, hires Management Trainees (MT) from all the premier management institutes of India thrice every year, in the months of January, May and September.

      Each new group of Management Trainees (MT) have to go through a four month rigorous training schedule, after which they have to pass through a test consisting of a written assessment and a case-analysis. The top hundred ranked Management Trainees (MT) based on the performance in the test are confirmed as Management Executives (ME). The rest are given the opportunity of undergoing the training for four months one more time along with the next batch of Management Trainees (MT) and then passing through the subsequent test consisting of the written assessment and case-analysis. The Management Trainee (MT) who fails to get confirmed as a Management Executive (ME) the second time is fired.

      The scatter-graph below depicts the number of Management Trainees (MT) at Deloitte taking the tests from January 2020 till May 2022, and the vis-à-vis hired Management Trainees (MT) at Deloitte who were fired :

      It is also known that for the month of September 2019 at Deloitte, 96 hired Management Trainees (MT) failed to be confirmed as a Management Executive (ME) the first time, and that 36 hired Management Trainees (MT) were fired. 

      In which test did the minimum number of Management Trainees (MT) get confirmed as a Management Executive (ME) in the second attempt ?





      Read More

      Two friends Moloy and Niloy passed out from the Purulia Institute of Science and Technology with B.Tech degrees in Mechanical Engineering, but even after a year placement was hard to find. So they decided to take the challenge head-on, came down to Kolkata, rented a garage space on Park Street, and having an affinity towards making people enjoy good food, started their firm named 'B.Tech Bread-Omlette Wala'. 

      They started with three items on the menu. One was the French Toast which could be prepared in 3 minutes. The second was the Egg Tortillas which took 15 minutes to prepare. Any one of Moloy and Niloy could prepare any one of them at a time. The third was the Egg Bhurji with French Fries. This however was prepared on an automated fryer which could prepare 3 servings at a time and took 5 minutes irrespective of the number of servings equal to or below 3. The fryer did not need anyone to attend to it, and the time to put in the raw ingredients could be neglected. So one could tend to the preparation of other items while the Egg Bhurji with French Fries were being prepared. 

      They wanted to serve the orders as early as possible after the order was given. The individual items in any order were served as and when all the items were ready, and the order was then considered closed. None of the items on the menu were prepared in advance in anticipation of future orders. 

      On the first day, 3 groups of customers came in and ordered at 6.00 pm, 6.10 pm, and 6.13 pm. The first order was for a plate of Egg Tortillas, two plates of French Toast, and three plates of Egg Bhurji with French Fries. The second order was for a plate of French Toast and two plates of Egg Bhurji with French Fries. The third order was for a plate of Egg Tortilla and a plate of Egg Bhurji with French Fries. 

      On the backdrop of the above information answer the questions given :

       

      Assuming that the next customer's order could only be attended to when the previous customer's order was closed, at what time would the first customer's order be considered closed ?





      Read More

      Six sticks of equal lengths were kept in the vertical position in an empty flower-vase, to be arranged at the six corners of a regular hexagon. The two ends of each of the sticks were of different colours. 

      The top ends of the sticks were one of each of the following colours – Red, Cyan, Pink, Brown, Black and Green. The bottom ends were one of each of the following colours – Blue, Yellow, White, Orange, Purple and Grey. Both the sets of colours mentioned were in no particular order.

      It was also known that :

      a) The stick with the red colour was opposite to the stick with the blue colour

      b) There were exactly two sticks whose both ends had colours whose names started with the same letter

      c) The stick with the grey colour was adjacent to the stick with the white colour

      d) The stick with the cyan colour was adjacent to both the sticks with the brown colour and the one with the blue colour

      e) The stick with the purple colour was adjacent to both the sticks with the grey colour and the one with the green colour

      f) The stick with the white colour was opposite to the stick with the green colour

      What was the colour of the bottom end of the stick having brown colour at the top end ?





      Read More

      Two friends Moloy and Niloy passed out from the Purulia Institute of Science and Technology with B.Tech degrees in Mechanical Engineering, but even after a year placement was hard to find. So they decided to take the challenge head-on, came down to Kolkata, rented a garage space on Park Street, and having an affinity towards making people enjoy good food, started their firm named 'B.Tech Bread-Omlette Wala'. 

      They started with three items on the menu. One was the French Toast which could be prepared in 3 minutes. The second was the Egg Tortillas which took 15 minutes to prepare. Any one of Moloy and Niloy could prepare any one of them at a time. The third was the Egg Bhurji with French Fries. This however was prepared on an automated fryer which could prepare 3 servings at a time and took 5 minutes irrespective of the number of servings equal to or below 3. The fryer did not need anyone to attend to it, and the time to put in the raw ingredients could be neglected. So one could tend to the preparation of other items while the Egg Bhurji with French Fries were being prepared. 

      They wanted to serve the orders as early as possible after the order was given. The individual items in any order were served as and when all the items were ready, and the order was then considered closed. None of the items on the menu were prepared in advance in anticipation of future orders. 

      On the first day, 3 groups of customers came in and ordered at 6.00 pm, 6.10 pm, and 6.13 pm. The first order was for a plate of Egg Tortillas, two plates of French Toast, and three plates of Egg Bhurji with French Fries. The second order was for a plate of French Toast and two plates of Egg Bhurji with French Fries. The third order was for a plate of Egg Tortilla and a plate of Egg Bhurji with French Fries. 

      On the backdrop of the above information answer the questions given :

      Assuming that the next customer's order could only be attended to when the previous customer's order was closed, at what time would the third customer's order be considered closed ?





      Read More

      Two friends Moloy and Niloy passed out from the Purulia Institute of Science and Technology with B.Tech degrees in Mechanical Engineering, but even after a year placement was hard to find. So they decided to take the challenge head-on, came down to Kolkata, rented a garage space on Park Street, and having an affinity towards making people enjoy good food, started their firm named 'B.Tech Bread-Omlette Wala'. 

      They started with three items on the menu. One was the French Toast which could be prepared in 3 minutes. The second was the Egg Tortillas which took 15 minutes to prepare. Any one of Moloy and Niloy could prepare any one of them at a time. The third was the Egg Bhurji with French Fries. This however was prepared on an automated fryer which could prepare 3 servings at a time and took 5 minutes irrespective of the number of servings equal to or below 3. The fryer did not need anyone to attend to it, and the time to put in the raw ingredients could be neglected. So one could tend to the preparation of other items while the Egg Bhurji with French Fries were being prepared. 

      They wanted to serve the orders as early as possible after the order was given. The individual items in any order were served as and when all the items were ready, and the order was then considered closed. None of the items on the menu were prepared in advance in anticipation of future orders. 

      On the first day, 3 groups of customers came in and ordered at 6.00 pm, 6.10 pm, and 6.13 pm. The first order was for a plate of Egg Tortillas, two plates of French Toast, and three plates of Egg Bhurji with French Fries. The second order was for a plate of French Toast and two plates of Egg Bhurji with French Fries. The third order was for a plate of Egg Tortilla and a plate of Egg Bhurji with French Fries. 

      On the backdrop of the above information answer the questions given :

      Suppose Moloy and Niloy had decided to process multiple orders at the same time, however strictly prioritising a first come first serve basis, when would the second customer's order be considered closed ?





      Read More

      Two friends Moloy and Niloy passed out from the Purulia Institute of Science and Technology with B.Tech degrees in Mechanical Engineering, but even after a year placement was hard to find. So they decided to take the challenge head-on, came down to Kolkata, rented a garage space on Park Street, and having an affinity towards making people enjoy good food, started their firm named 'B.Tech Bread-Omlette Wala'. 

      They started with three items on the menu. One was the French Toast which could be prepared in 3 minutes. The second was the Egg Tortillas which took 15 minutes to prepare. Any one of Moloy and Niloy could prepare any one of them at a time. The third was the Egg Bhurji with French Fries. This however was prepared on an automated fryer which could prepare 3 servings at a time and took 5 minutes irrespective of the number of servings equal to or below 3. The fryer did not need anyone to attend to it, and the time to put in the raw ingredients could be neglected. So one could tend to the preparation of other items while the Egg Bhurji with French Fries were being prepared. 

      They wanted to serve the orders as early as possible after the order was given. The individual items in any order were served as and when all the items were ready, and the order was then considered closed. None of the items on the menu were prepared in advance in anticipation of future orders. 

      On the first day, 3 groups of customers came in and ordered at 6.00 pm, 6.10 pm, and 6.13 pm. The first order was for a plate of Egg Tortillas, two plates of French Toast, and three plates of Egg Bhurji with French Fries. The second order was for a plate of French Toast and two plates of Egg Bhurji with French Fries. The third order was for a plate of Egg Tortilla and a plate of Egg Bhurji with French Fries. 

      On the backdrop of the above information answer the questions given :

      Suppose Moloy and Niloy had decided to process multiple orders at the same time, however strictly prioritising a first come first serve basis, when would the third customer's order be considered closed ?





      Read More

      Two friends Moloy and Niloy passed out from the Purulia Institute of Science and Technology with B.Tech degrees in Mechanical Engineering, but even after a year placement was hard to find. So they decided to take the challenge head-on, came down to Kolkata, rented a garage space on Park Street, and having an affinity towards making people enjoy good food, started their firm named 'B.Tech Bread-Omlette Wala'. 

      They started with three items on the menu. One was the French Toast which could be prepared in 3 minutes. The second was the Egg Tortillas which took 15 minutes to prepare. Any one of Moloy and Niloy could prepare any one of them at a time. The third was the Egg Bhurji with French Fries. This however was prepared on an automated fryer which could prepare 3 servings at a time and took 5 minutes irrespective of the number of servings equal to or below 3. The fryer did not need anyone to attend to it, and the time to put in the raw ingredients could be neglected. So one could tend to the preparation of other items while the Egg Bhurji with French Fries were being prepared. 

      They wanted to serve the orders as early as possible after the order was given. The individual items in any order were served as and when all the items were ready, and the order was then considered closed. None of the items on the menu were prepared in advance in anticipation of future orders. 

      On the first day, 3 groups of customers came in and ordered at 6.00 pm, 6.10 pm, and 6.13 pm. The first order was for a plate of Egg Tortillas, two plates of French Toast, and three plates of Egg Bhurji with French Fries. The second order was for a plate of French Toast and two plates of Egg Bhurji with French Fries. The third order was for a plate of Egg Tortilla and a plate of Egg Bhurji with French Fries. 

      On the backdrop of the above information answer the questions given :

      A fourth customer comes in and orders two plates of French Toast at 6.24 pm. Suppose Moloy and Niloy had decided to process multiple orders at the same time, however strictly prioritising a first come first serve basis. For exactly how many minutes would one of the friends be idle from 6.00 pm till serving the last customer, assuming that the four customers were the only ones to have come in within the period being discussed ?





      Read More

      Two friends Moloy and Niloy passed out from the Purulia Institute of Science and Technology with B.Tech degrees in Mechanical Engineering, but even after a year placement was hard to find. So they decided to take the challenge head-on, came down to Kolkata, rented a garage space on Park Street, and having an affinity towards making people enjoy good food, started their firm named 'B.Tech Bread-Omlette Wala'. 

      They started with three items on the menu. One was the French Toast which could be prepared in 3 minutes. The second was the Egg Tortillas which took 15 minutes to prepare. Any one of Moloy and Niloy could prepare any one of them at a time. The third was the Egg Bhurji with French Fries. This however was prepared on an automated fryer which could prepare 3 servings at a time and took 5 minutes irrespective of the number of servings equal to or below 3. The fryer did not need anyone to attend to it, and the time to put in the raw ingredients could be neglected. So one could tend to the preparation of other items while the Egg Bhurji with French Fries were being prepared. 

      They wanted to serve the orders as early as possible after the order was given. The individual items in any order were served as and when all the items were ready, and the order was then considered closed. None of the items on the menu were prepared in advance in anticipation of future orders. 

      On the first day, 3 groups of customers came in and ordered at 6.00 pm, 6.10 pm, and 6.13 pm. The first order was for a plate of Egg Tortillas, two plates of French Toast, and three plates of Egg Bhurji with French Fries. The second order was for a plate of French Toast and two plates of Egg Bhurji with French Fries. The third order was for a plate of Egg Tortilla and a plate of Egg Bhurji with French Fries. 

      On the backdrop of the above information answer the questions given :

      Had Niloy been absent on that day, and assuming that the next customer's order could only be attended to when the previous customer's order was closed, at what time would the fourth customer's order (refer to the previous question) be considered closed ?





      Read More

      The bar-graph given below shows the foreign exchange reserves of Nepal (in million Rupees) from 2014 to 2021. Answer the following questions based on the graph :

      What was the percentage increase (rounded to the nearest integer, if deemed necessary) in the foreign exchange reserves in 2020 over 2016 ?

      None

      None

      None

      None


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      The Jadavpur University’s Prince Anwar Shah Road hostel consists of two large separate buildings, one for the ladies and the other for the gents, while having a common kitchen and dining hall. It is the hostel of the CS and the EEC department of engineering students of the university.

      In recognition of the growing dissatisfaction and hence complaints among the inmates of the hostel regarding the menu served for dinner, the Dean of the engineering department, Dr Aparesh Sanyal, personally decided to investigate the matter. He set about collecting information about the preference of dinner among the inmates, separately from the gents and the ladies wing of the hostel.

      Dr Sanyal was able to gather the following partial information :  

         

      20

       

           

      64

       

      60

         

      The Warden of the hostel was consulted, who after investigation declared that the following facts were clear :

      1. Forty percent of the hostel inmates were ladies

      2. One-third of the gentlemen inmates preferred an egg meal for dinner

      3. Half the hostel inmates preferred either fish meal or chicken meal

      Question:

      What proportion of the lady hostel inmates preferred a fish meal for dinner ?





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