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Salary benchmark for various roles in Banking & Financial Services

Chaitra Anand
·1-min read

The Michael Page Salary Benchmark is an annual salary report developed to provide hiring managers and candidates with salary references across various industries by job functions, including finance, technology, human resources, sales and more.

The report also includes an overview of market trends, hiring demands and job seekers’ sentiments within each industry. This year’s benchmark is available in 13 markets across the Asia Pacific: Australia, Hong Kong, India, Indonesia, Japan, Mainland China, Malaysia, New Zealand, Philippines, Singapore, Taiwan, Thailand and Vietnam.

Here are some useful insights about the pay scale of various functions in the Banking & Financial services sector:

Top 3 hiring trends

1. As more global funds set up local teams in India, demand for asset classes on buy-side is high.

2. Non-Banking Financial Company (NBFC) and fin-tech firms have placed emphasis on SME and consumer unsecured lending, hence demand for talent in these areas are high.

3. MNC banks are looking to increase their market share in SME / mid- market segment, thus increasing demand for talent with strong experience in such markets.

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