Mumbai – India’s Financial Capital Mumbai, as the financial capital of India, offers vast opportunities for Research Analysts, especially in financial services, investment banking, and consulting. With multinational corporations (MNCs) and top-tier investment firms, the city attracts analysts specializing in financial market research, data interpretation, and economic analysis. The average salary for a Research Analyst in Mumbai ranges from ₹7,00,000 to ₹15,00,000 per annum, reflecting the city's high job demand and competitive industry landscape.