TeamLease Staffing, which released its Jobs & Salaries Primer FY 2025–26 earlier this year, has now released a focused analysis on the BFSI sector covering Banking, FinTech, Insurance, and NBFCs. The findings indicate that entry-level salaries in BFSI are growing by 8.9% to 10.4% in FY26, with NBFCs leading this growth, followed by FinTech, Insurance, and Banking. The sectoral insights are drawn from a comprehensive study covering 1,308 businesses across 23 industries and 20 cities in India.
“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. The common thread is that roles combining customer focus, compliance, and systems knowledge are commanding the premium.” – Balasubramanian A, Senior Vice President, TeamLease Services.
Banking
- Expected salary growth: 8.9%
- Top 5 cities: Pune (11.6%), Mumbai (11.3%), Delhi (10.7%), Hyderabad (10.6%), Bengaluru (10.6%)
- Roles seeing strongest hikes: Sales Officers, Legal Executives, and Loan Officers (10% each); System Administrators (9.9%); MIS Executives (9.6%)
- Functional area increases: Sales & Marketing (10.7%), IT (10.3%), HR & Admin (8.2%), Customer & Back Office (8.2%), Finance (7.2%)
FinTech
- Expected salary growth: 9.4%
- Top 5 cities: Mumbai (11.6%), Hyderabad (11%), Pune (11%), Chennai (10.5%), Bengaluru (10.3%)
- Roles leading 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
- Expected salary growth: 9.3%
- Top 5 cities: Pune (10.7%), Chennai (10.5%), Gurgaon (10.2%), Nagpur (10.1%), Kolkata (10.0%)
- Roles leading growth: 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%)
NBFC
- Expected salary growth: 10.4%
- Top 5 cities: Mumbai (12.7%), Hyderabad (12.7%), Delhi (12.1%), Pune (11.9%), Bengaluru (11.1%)
- Roles leading growth: 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 and Back Office (9.4%), HR & Admin (9.2%)
The TeamLease Jobs & Salaries Primer FY2025–26 provides an overview of the job market evolution in light of the operational realities of a growing economy. As India’s employment narrative continues to shift, salary structures are adapting to reward adaptability, execution, and future readiness.