Preeti Sinha

How much can I earn in next five years as a Finance Manager ?

Give more insights on it

by Preeti Sinha
1 answer
| Share :

1 answer

RE: How much can I earn in next five years as a Finance Manager ?

Prathamesh Kapote
Prathamesh Kapote
Verified Career Expert
Founder And Director At Canvas Career
  • Nasik

Hello Friend,
Finance Manager is one of the Noblest Profession in the world.
A Finance Manager is a professional who supervises the preparation of financial reports of the organizations as required by law and approved by the board of directors of the organization. He also creates financial strategies to meet short term and long term goals of the organization.


Responsibilities also include evaluating data to appraise the present and future financial condition of the organization and supervising investment activities.

Finance Management

A financial experts work in variety of settings like Banks,Insurance Companies,Brooking Firms,Finance Companies etc. Generally a financial expert holds a Masters degree in Economics or is an MBA in Finance Management in order to work as Finance Manager.
Financial Manager must possess a comprehensive understanding of Economics and Accounting Principles and Techniques,as well of financial markets and Banking. One must be able to use financial system and associated technology and also have mastery of how to detail information. As the business of finances keeps on changing one must always stay abreast of new regulations and financial tools.

A finance managers earns an salary of around 9 lakh p.a at the start. However,pay in this sector grows steadily for more experienced workers in this sector. The Skills that increase the chances to earn higher salary are for Senior Financial Management,Forecasting,Payroll Administration and Financial Modelling.
Pay scale goes down for the people those who have experience more than 20 years because there are no people having experience more than 20 years.
The pay grows steadily with the experience and skills and depending on your performance you get promoted to further designations and get hike in your pay. So lets see the Career Path of a Finance Manager and the average Salary he earns:
1.Finance Manager -> Financial Cntroller (Rs.10 Lakh p.a)
2.Finance Manager-> Senior Finance Manager(Rs.10 Lakh p.a)
3.Finance Manager-> VP (Vice President,Finance)(Rs.20 Lakh p.a)
4.Finance Manager->Chief Financial Officer(CFO)(Rs.25 Lakh p.a)
5.Finance Manager->Finance Director(Rs.30 Lakh p.a)

This is the Primary Promotions. Now lets see further when you get promotion how much pay scale you can get.
1.Chief Financial Officer (Rs.25 Lakh p.a)
2.Financial Controller (Rs.17 Lakh p.a)
3.Vice President and Chief Financial Officer (Rs. 33 Lakh p.a)
4.Finance Director(Rs.30 Lakh p.a)
5.CEO(Rs.34 lakh p.a)

NOTE: All the salaries mentioned are tentative average salaries.

So you can earn a handsome amount of money in next 5 years by getting into Financial sector depending on your skills and performance.

Hope you find this information helpful.
Wish you Good Luck.
Feel free to get in touch.

Thank you.
Warm regards,
Prathamesh . K

In order to post replies to the question: "How much can I earn in next five years as a Finance Manager ?"

Post Reply

Latest ANSWERS

Hospitality and Tourism Management- What is the profession all about and the Career Prospects therein?

In today’s fast changing world there has been a rapid evolution of the ways in which business and industries operate. It has also brought about .. read more

Which are the Best colleges for jewellery designing in india with best placements

Hello Devang, A warm Welcome to Career Guide.com Thanks for visiting us and writing us your career query. Jewellery is the very close topic for the wo .. read more

I am currently pursuing my B. Sc(Hons.) in Forensic Sciences. However I do not wish to pursue this stream any further. Which other career options do I have now?

Hello Simran, A warm Welcome to Career Guide.com Thanks for visiting us and writing us your career query. It seems that you are not interested to cont .. read more

What if I am interested in science but the Stream Selector Test shows I am best at commerce?How do I interpret and analyze stream selector report for myself?

Hello Priya  Excellent question asked.  Please note the stream selector test or the Aptitude test is a test that judges you on your innate p .. read more
Most Popular

What are the books that every Mechanical Engineer must read?

Probably it would be difficult to prepare down a complete and comprehensive list of books to follow by every mechanical engineer,as the different spec .. read more

What to do after finishing Diploma in EEE.

Dear V Aravindan,  The EEE branches of engineering both at Diploma and Undergraduate (B.E./B.Tech.) level offers unlimited career opportunities i .. read more

I want to be a career guide. What should I study for become a career counselor

Hi Uttam, Thank you for writing and sharing your concerns. to become a career counselor first you need to identify your target audience who do you wan .. read more

Sir I have my options between SRM NCR campus and Lovely Professional University(LPU) ! so which one I should go for?

Dear Student, I would recommend Lovely Professional university for pursuing your further studied. If you check their accreditation, industrial tie ups .. read more