Entry-Level Salaries in BFSI Sector to Rise up to 10.4% in FY26

Entry-level salaries in India’s Banking, Financial Services, and Insurance (BFSI) sector are projected to grow between 8.9% and 10.4% in FY2025–26, according to a focused analysis released by TeamLease Staffing.

The report, part of the broader Jobs & Salaries Primer FY2025–26, draws insights from 1,308 businesses across 23 industries and 20 cities, offering a granular view of compensation trends across Banking, FinTech, Insurance, and Non-Banking Financial Companies (NBFCs).

BFSI Sector-Wise Salary Growth Overview

NBFCs are expected to lead the salary growth within the BFSI sector, with an average increase of 10.4%. This is followed by FinTech at 9.4%, Insurance at 9.3%, and Banking at 8.9%. The growth is attributed to a combination of rising demand for retail credit, digital transformation, and the need for compliance and customer-centric roles.

Balasubramanian A, Senior Vice President at TeamLease Services, noted, “BFSI is set to see steady salary growth this year, but the drivers differ across segments. NBFCs are leading with double-digit hikes driven by retail credit demand, while FinTech is rewarding compliance and transaction-focused roles. Insurance is quietly scaling with distribution and technology support, and Banking is selectively investing in frontline and IT talent.”

Banking: Selective Growth in Frontline and IT Roles

In the Banking segment, the expected salary growth stands at 8.9%. The top five cities witnessing the highest hikes are Pune (11.6%), Mumbai (11.3%), Delhi (10.7%), Hyderabad (10.6%), and Bengaluru (10.6%).

Roles seeing the strongest hikes include:

Sales Officers, Legal Executives, and Loan Officers: 10% each
System Administrators: 9.9%
MIS Executives: 9.6%

Functional areas with notable increases:

Sales & Marketing: 10.7%
IT: 10.3%
HR & Admin and Customer & Back Office: 8.2%
Finance: 7.2%

FinTech: Rewarding Compliance and Transaction Roles

FinTech firms are expected to offer an average salary hike of 9.4%, with top cities being Mumbai (11.6%), Hyderabad (11%), Pune (11%), Chennai (10.5%), and Bengaluru (10.3%).

Key roles driving growth:

Financial Reconciliation Analysts: 9.9%
Relationship Executives: 9.5%
Field Sales Executives: 9%
System Administrators: 9.4%

Functional area increases:

Sales & Marketing: 10.1%
Finance: 9.7%
IT: 9.4%
Customer Service & Back Office: 8.7%

Insurance: Scaling with Distribution and Tech Support

TeamLease projects a 9.3% rise in entry-level salaries in the Insurance sector. Leading cities include Pune (10.7%), Chennai (10.5%), Gurgaon (10.2%), Nagpur (10.1%), and Kolkata (10.0%).

Top roles:

Relationship Executives: 11.4%
Accounts & Finance Executives: 10.5%
System Administrators: 9.6%

Functional area increases:

Sales & Marketing: 10.3%
Finance: 9.5%
IT: 8.5%

NBFCs: Leading with Double-Digit Hikes in BFSI Sector

NBFCs are at the forefront with a projected 10.4% salary growth. The top cities include Mumbai and Hyderabad (12.7%), Delhi (12.1%), Pune (11.9%), and Bengaluru (11.1%).

Roles seeing the highest hikes:

Relationship Executives: 11.6%
Sales Officers: 11.3%
Loan Officers: 10.9%

Functional area increases:

Sales & Marketing: 11.6%
Finance: 10.4%
IT: 10.3%
Customer Service & Back Office: 9.4%
HR & Admin: 9.2%

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