Average Trader Salary in India for 2024

In this article, we will look at the average Trader salary for 2024 in India and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Indian rupee. To keep things simple, we are using the INR currency code instead of the currency symbol โ‚น.

How Much Does a Trader Make in India?

A Trader working in India will typically earn around 204,000 INR per year, and this can range from the lowest average salary of about 106,820 INR to the highest average salary of 311,700 INR.

Average Annual Salary
204,000 INR
Average Monthly Salary
17,000 INR

Lowest Annual Salary
106,820 INR
Lowest Monthly Salary
8,901 INR

Highest Annual Salary
311,700 INR
Highest Monthly Salary
25,975 INR

These are average salaries for a Trader in India and include benefits such as housing and transport. It's also possible for a Trader to earn more or less than the average salaries shown above.

Trader salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Trader Salaries in India

So we've looked at the average salaries a Trader will earn in India. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Trader can earn between 106,820 INR and 311,700 INR on average in India. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Trader in India is 191,600 INR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 191,600 INR, and 50% of the population earn more than 191,600 INR.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Trader salary in India, 25% of the population are earning less than 136,200 INR while 75% of the population earn more than 136,200 INR.

75% of the population earn less than 239,000 INR, and 25% of the population earn more than 239,000 INR.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Trader Salary by Experience Level in India

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average trader salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Trader in India that has less than two years of experience can expect to earn somewhere in the region of 124,400 INR.
  • 2 - 5 Years Experience. With two to five years of experience the average Trader salary would increase to 152,300 INR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Trader, the average salary would be 216,800 INR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 254,700 INR.
  • 15 - 20 Years Experience. A Trader with 15 to 20 years of experience can earn an average of 279,400 INR.
  • 20+ Years Experience. For a Trader with more than 20 years, the expected average salary increases to 294,700 INR.

Average Salary by Experience Chart

0-2 Years
124,400 INR
2-5 Years +23%
152,300 INR
5-10 Years +42%
216,800 INR
10-15 Years +17%
254,700 INR
15-20 Years +10%
279,400 INR
20+ Years +6%
294,700 INR

Trader Salary by Education Level in India

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Trader in India based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Trader in India with a high school education can earn an average salary of 152,100 INR.

  • Certificate or Diploma. A Trader in India with a certificate or diploma education can earn an average salary of 172,200 INR.

  • Bachelor's Degree. A Trader in India with a bachelor's degree education can earn an average salary of 225,700 INR.

  • Master's Degree. A Trader in India with a master's degree education can earn an average salary of 294,700 INR.

Average Salary by Education Chart

High School
152,100 INR
Certificate or Diploma +13%
172,200 INR
Bachelor's Degree +31%
225,700 INR
Master's Degree +32%
294,700 INR

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in India is around 160,000 to 479,000 INR and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Trader Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In India, a male trader will earn an average of 215,100 INR, while a female trader will earn around 189,300 INR.

This means that a male trader earns approximately 14% more than a female trader for performing the same job.

Average Salary by Gender Chart in India

Male
215,100 INR
Female -14%
189,300 INR

Trader Average Pay Raise in India

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Trader in India is around 12% every 14 months.

The national average pay raise across all professions and industries in India is around 9% every 16 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 12 ÷ 14 ) × 12  = 10%

What this means is that a Trader in India can expect to receive an average pay raise of around 10% every 12 months.

Annual Pay Raise by Industry in India for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in India.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

Trader Bonus and Incentive Rates in India

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Trader is a moderate bonus based job, with 51% of employees reporting at least one bonus in the last 12 months.

49% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 3% to 5%.

Received Bonus
51%
No Bonus
49%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in India earn approximately 6% more than private sector employees in the same role.

Public Sector
392,300 INR
Private Sector -6%
371,100 INR

Salaries for Jobs Similar to a Trader

In the table below, we have salary information for jobs that are similar to a Trader in India.

Job Title Category Salary
AML Analyst Banking 588,500 INR
Assistant Bank Branch Manager Banking 502,200 INR
Assistant Bank Manager Banking 660,500 INR
ATM Manager Banking 558,300 INR
ATM Service Technician Banking 152,300 INR
Bank Accounts Analyst Banking 222,300 INR
Bank Accounts Collector Banking 137,400 INR
Bank Accounts Controller Banking 283,700 INR
Bank Accounts Executive Banking 420,800 INR
Bank Accounts Manager Banking 491,000 INR
Bank Auditing Manager Banking 496,100 INR
Bank Branch Manager Banking 684,900 INR
Bank Branch Operations Coordinator Banking 301,600 INR
Bank Clerk Banking 128,900 INR
Bank Client Service Associate Banking 185,100 INR
Bank Collector Banking 137,400 INR
Bank Compliance Specialist Banking 359,900 INR
Bank Manager Banking 798,900 INR
Bank Operational Risk Manager Banking 790,600 INR
Bank Operations Head Banking 814,500 INR
Bank Operations Officer Banking 317,700 INR
Bank Operations Specialist Banking 498,000 INR
Bank Process Manager Banking 451,000 INR
Bank Product Manager Banking 519,300 INR
Bank Programme Manager Banking 548,800 INR
Bank Project Manager Banking 643,800 INR
Bank Propositions Manager Banking 574,200 INR
Bank Quantitative Analyst Banking 403,100 INR
Bank Regional Manager Banking 832,000 INR
Bank Regional Risk Officer Banking 420,800 INR
Bank Relationship Manager Banking 608,500 INR
Bank Relationship Officer Banking 275,200 INR
Bank Teller Banking 143,200 INR
Banker Banking 283,700 INR
Banking Business Analyst Banking 447,300 INR
Banking Business Development Officer Banking 263,100 INR
Banking Business Planning Executive Banking 597,800 INR
Banking Product Manager Banking 519,300 INR
Banking Reference Data Manager Banking 454,900 INR
Banking Risk Analyst Banking 414,000 INR
Banking Technical Analyst Banking 222,300 INR
Bankruptcy Coordinator Banking 296,000 INR
Bill and Account Collector Banking 150,000 INR
Budget Analyst Banking 414,000 INR
Capital Risk Manager Banking 790,600 INR
Cards Marketing Manager Banking 524,700 INR
Cash Management Manager Banking 731,700 INR
Check Processing Manager Banking 539,700 INR
Commercial Vault Associate Banking 407,300 INR
Corporate Banker Banking 301,600 INR
Corporate Dealer Banking 431,300 INR
Credit Analyst Banking 325,600 INR
Credit and Collections Manager Banking 562,600 INR
Credit Card Fraud Investigator Banking 430,500 INR
Credit Portfolio Manager Banking 780,600 INR
Credit Risk Analyst Banking 467,100 INR
Credit Risk Associate Banking 447,300 INR
Direct Bank Sales Representative Banking 296,000 INR
Exchange Control Consultant Banking 440,200 INR
Executive Account Analyst Banking 411,400 INR
Financial Bank Planning Consultant Banking 537,300 INR
Financial Banking Analysis Manager Banking 615,700 INR
Financial Banking Assistant Banking 197,600 INR
Financial Banking Systems Manager Banking 568,500 INR
Foreign Exchange Manager Banking 608,500 INR
Fraud Analyst Banking 444,300 INR
Fraud Detection Associate Banking 301,600 INR
Fraud Detection Manager Banking 649,700 INR
Fraud Detection Supervisor Banking 363,000 INR
Internal Bank Audit Manager Banking 759,300 INR
Internal Bank Auditor Banking 406,300 INR
Internal Private Banker Banking 301,600 INR
International Banking Manager Banking 854,300 INR
Investment Banking Analyst Banking 605,700 INR
Loan Analyst Banking 414,000 INR
Loan Area Manager Banking 507,300 INR
Loan Audit Team Leader Banking 475,700 INR
Loan Branch Manager Banking 471,700 INR
Loan Business Development Officer Banking 252,300 INR
Loan Clerk Banking 150,000 INR
Loan Collection and Recovery Manager Banking 502,200 INR
Loan Collection Manager Banking 502,200 INR
Loan Collector Banking 137,400 INR
Loan Examiner Banking 183,600 INR
Loan Officer Banking 159,400 INR
Loan Processing Manager Banking 451,000 INR
Loan Processor Banking 189,300 INR
Loan Quality Assurance Auditor Banking 420,800 INR
Loan Quality Assurance Manager Banking 471,700 INR
Loan Quality Assurance Representative Banking 314,500 INR
Loan Review Manager Banking 472,000 INR
Loan Team Leader Banking 420,800 INR
Loans Manager Banking 558,300 INR
Mortgage Advisor Banking 288,700 INR
Mortgage Collection Manager Banking 491,000 INR
Mortgage Collector Banking 137,400 INR
Mortgage Credit Analyst Banking 222,300 INR
Mortgage Credit Manager Banking 467,100 INR
Mortgage Development Manager Banking 537,300 INR
Mortgage Document Reviewer Banking 183,600 INR
Mortgage Funding Manager Banking 539,700 INR
Mortgage Operations Manager Banking 724,300 INR
Mortgage Payment Processing Clerk Banking 159,400 INR
Mortgage Processing Manager Banking 478,000 INR
Mortgage Processor Banking 189,300 INR
Mortgage Quality Assurance Auditor Banking 414,000 INR
Mortgage Quality Assurance Manager Banking 472,000 INR
Mortgage Servicing Clerk Banking 146,200 INR
Mortgage Servicing Manager Banking 462,300 INR
Mortgage Underwriter Banking 176,800 INR
Online Banking Manager Banking 725,700 INR
Payment Processing Clerk Banking 150,000 INR
Personal Banker Banking 301,600 INR
Personal Banking Advisor Banking 309,800 INR
Phone Banker Banking 200,000 INR
Private Banker Banking 301,600 INR
Reconciliation and Investigation Specialist Banking 341,400 INR
Tax Officer Banking 249,600 INR
Teller Banking 143,200 INR
Trade Officer Banking 172,200 INR
Trade Product Manager Banking 491,000 INR
Treasury Operations Officer Banking 369,300 INR

Salary Comparison by City

If you want to compare salaries with different cities in India, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
agra 192,600 INR
Ahmadabad 222,300 INR
Bangalore 238,900 INR
Bhopal 201,100 INR
Chennai 216,800 INR
Coimbatore 209,700 INR
Delhi 228,500 INR
Ghaziabad 190,500 INR
Hyderabad 228,000 INR
Indore 207,800 INR
Jaipur 225,700 INR
Kanpur 218,900 INR
Kolkata 222,300 INR
Lucknow 218,900 INR
Ludhiana 192,000 INR
Madurai 194,600 INR
Mumbai 245,300 INR
Nagpur 210,500 INR
Patna 190,500 INR
Pimpri-Chinchwad 196,800 INR
Pune 225,700 INR
Surat 210,500 INR
Vadodara 200,000 INR
Visakhapatnam 204,000 INR

Salary Comparison by State

The table below includes links to the average salary for each state in India.

City Average Salary
Andaman & Nicobar Islands 185,100 INR
Andhra Pradesh 237,400 INR
Arunachal Pradesh 196,800 INR
Assam 218,900 INR
Bihar 243,000 INR
Chandigarh 180,500 INR
Chhatisgarh 208,600 INR
Dadra & Nagar Haveli 190,500 INR
Daman & Diu 183,600 INR
Delhi 214,000 INR
Goa 191,600 INR
Gujarat 232,900 INR
Haryana 208,600 INR
Himachal Pradesh 197,600 INR
Jammu & Kashmir 197,600 INR
Jharkhand 233,900 INR
Karnataka 239,300 INR
Kerala 227,600 INR
Lakshadweep 174,000 INR
Madhya Pradesh 238,900 INR
Maharashtra 239,000 INR
Manipur 191,600 INR
Meghalaya 208,600 INR
Mizoram 194,600 INR
Nagaland 200,000 INR
Orissa 232,900 INR
Pondicherry 190,500 INR
Punjab 215,100 INR
Rajasthan 232,400 INR
Sikkim 174,000 INR
Tamil Nadu 247,800 INR
Tripura 208,600 INR
Uttar Pradesh 253,400 INR
Uttaranchal 209,500 INR
West Bengal 240,500 INR

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