[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"page:what-we-do\u002Fpublications\u002F2015\u002Fwageindicator-foundation-wageindex-report-india-wages-and-working-conditions-in-the-financial-sector":3},{"id":4,"slug":5,"title":6,"short_title":7,"intro_text":8,"meta_description":9,"seo_title":10,"path":11,"content_type":12,"locale":13,"go_live_at":14,"first_published_at":14,"page_created_at":15,"published_at":14,"edit_url":16,"breadcrumbs":17,"seo":27,"body_blocks":35,"call_to_action":41,"categories":48,"owner":7,"authors":49,"related_pages":50,"related_sites":51,"in_subsite":52,"contact_page_url":53,"banner_message":54},21017,"wageindicator-foundation-wageindex-report-india-wages-and-working-conditions-in-the-financial-sector","WageIndicator Foundation - WageIndex Report India: Wages and working conditions in the financial sector.",null,"Kabina, T., Varkkey, B., Korde, R., & Bizik, P. (2015). WageIndex Report India: Wages and working conditions in the financial sector. WageIndicator Foundation, Amsterdam.","Kabina, T., Varkkey, B., Korde, R., & Bizik, P. (2015). WageIndex Report India: Wages and working conditions in the financial sector. WageIndicator Foundation, Amsterdam.","","\u002Fwhat-we-do\u002Fpublications\u002F2015\u002Fwageindicator-foundation-wageindex-report-india-wages-and-working-conditions-in-the-financial-sector","pages.publicationpage","en","1969-12-30T23:00:00+00:00","2026-02-24T17:17:03.414298+00:00","\u002Fcms\u002Fpages\u002F21017\u002Fedit\u002F",[18,21,24,26],{"title":19,"slug":20},"What We Do","what-we-do",{"title":22,"slug":23},"Publications","publications",{"title":25,"slug":25},"2015",{"title":6,"slug":5},{"title":6,"description":9,"image":28,"canonical":29,"robots":30,"og_type":31,"twitter_card":32,"locale":13,"created_at":33,"last_modified_at":34},"https:\u002F\u002Fwageindicator.org\u002Fmedia\u002Fimages\u002FSocial_media_preview_image_-_2025.2e16d0ba.fill-1200x630.png","https:\u002F\u002Fwageindicator.org\u002Fwhat-we-do\u002Fpublications\u002F2015\u002Fwageindicator-foundation-wageindex-report-india-wages-and-working-conditions-in-the-financial-sector\u002F","index, follow","website","summary_large_image","1969-12-31T00:00:00+01:00","2026-04-02T22:38:57.703389+02:00",[36],{"type":37,"data":38},"text_block",{"content":39,"variant":40},"\u003Ch3>Access full WageIndicator report in PDF\u003C\u002Fh3>\n\u003Cul>\n\u003Cli>\u003Ca href=\"https:\u002F\u002Fwageindicator.org\u002Fmedia\u002Fdocuments\u002F20150713-wif-monster-india-financial-sector-extra-biju-varkk-38dfafa5faee.pdf\">Kabina, T., Varkkey, B.,   Korde, R.  2015 . WageIndex Report India. Wages and working conditions in the financial sector. WageIndicator Foundation and CELSI\u003C\u002Fa> \u003Cbr\u002F>\u003Cbr\u002F>\u003C\u002Fli>\n\u003C\u002Ful>\n\u003Ch3>Access the full Monster India report in PDF\u003C\u002Fh3>\n\u003Cul>\n\u003Cli>\u003Cspan>\u003Ca href=\"https:\u002F\u002Fwageindicator.org\u002Fmedia\u002Fdocuments\u002Freport_bfsi_low_new-9d64b2cc507b.pdf\">Kabina, T., Varkkey, B., Korde, R.,   Bizik, P.  2015 . WageIndex Report India. Wages and working conditions in the Indian BFSI sector. MSI Report\u003C\u002Fa> \u003C\u002Fspan>\u003Cbr\u002F>\u003Cbr\u002F>\u003C\u002Fli>\n\u003C\u002Ful>\n\u003Ch3>ABSTRACT \u002F KEY FINDINGS\u003C\u002Fh3>\n\u003Cul>\n\u003Cli>\u003Cspan>India’s banking industry alone is expected to create approximately two million jobs throughout the next five to ten years. \u003C\u002Fspan>\u003C\u002Fli>\n\u003Cli>\u003Cspan>The median gross hourly wage in the financial sector is INR 300.23. \u003C\u002Fspan>\u003C\u002Fli>\n\u003Cli>\u003Cspan>Overall, 96% of respondents in this sector hold at least a Bachelor’s degree. \u003C\u002Fspan>\u003C\u002Fli>\n\u003Cli>\u003Cspan>Workers below 30 years of age earn on average INR 194 per hour; workers between the ages of 30-40 earn INR 335 per hour, and workers over 40 earn INR 507 per hour. \u003C\u002Fspan>\u003C\u002Fli>\n\u003Cli>\u003Cspan>Approximately 86% of survey respondents working in the financial sector were men.  Men earn a gross hourly wage of INR 311.78, while a female receives only INR 256.61 per hour. \u003C\u002Fspan>\u003C\u002Fli>\n\u003Cli>\u003Cspan>The gender pay gap in the financial sector is about 18%. \u003C\u002Fspan>\u003C\u002Fli>\n\u003Cli>\u003Cspan>Male supervisors out-earn female supervisors, and males are compensated higher for more experience than females with similar experience. \u003C\u002Fspan>\u003C\u002Fli>\n\u003Cli>\u003Cspan>Workers with permanent contracts earn about 20% more than workers with nontemporary contracts. \u003C\u002Fspan>\u003C\u002Fli>\n\u003Cli>\u003Cspan>Foreign companies in the financial sector pay wages that are more than two times higher than domestic firm wages, at the median. \u003C\u002Fspan>\u003C\u002Fli>\n\u003Cli>\u003Cspan>Small companies pay an hourly wage of INR 197.95, while large firms pay an hourly average wage of INR 324.51. \u003C\u002Fspan>\u003C\u002Fli>\n\u003Cli>\u003Cspan>Annual and performance bonuses in the financial sector are more common than in other sectors of the Indian economy. \u003C\u002Fspan>\u003C\u002Fli>\n\u003Cli>\u003Cspan>Workers are highly satisfied with their working relationships with colleagues, while least satisfied with their wages.\u003C\u002Fspan>\u003C\u002Fli>\n\u003C\u002Ful>","light",{"text":42,"link":43},"Contact us",{"title":42,"url":44,"description":42,"rel":45,"type":46,"id":47},"\u002Fabout\u002Fcontact","follow","internal",24590,[],[],[],[],false,"\u002Fwork\u002Fliving-wages\u002Fcontact-us","\u003Cp>Welcome to WageIndicator. Same organisation, same information, new look!\u003C\u002Fp>"]