Investment banking tops pay scale within BFSI GCCs

Investment banking global capability centres (GCCs) offer the highest salaries within the BFSI GCC landscape across most technology and data roles in India, ahead of retail and commercial banking, financial services, and insurance.

According to a report by talent services provider Careernet, a data scientist in investment banking earns between ₹22.1 lakh and ₹46.9 lakh annually, while salaries in retail banking and insurance fall slightly lower, ranging from ₹19.9 lakh to ₹44.5 lakh and ₹18.4 lakh to ₹44.3 lakh, respectively.

The report is based on a compensation analysis of about 50,000 professionals in the BFSI GCC ecosystem.

Full-stack developers in investment banking, too, draw the highest pay between ₹20.7 lakh to ₹47.5 lakh annually.

In contrast, insurance GCCs report lower entry-level pay but demonstrate sharper spikes at senior levels as automation, fraud analytics, and predictive underwriting adoption accelerates. Financial services GCCs follow a comparatively steady progression, influenced by conservative technology investment and legacy infrastructure transition.

“Salary growth…has become a function of intellectual capital, rewarding professionals who bring depth in AI, cybersecurity, cloud engineering, and digital architecture, as the sector moves toward a more tech knowledge-intensive and innovation-led model of value creation,” said Mr. Ranjeet Singh Narang, sector leader BFSI GCCs at Careernet.

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