Genetic diversity, heritability, and genetic advance are crucial considerations in the field of plant breeding. This research aimed to evaluate these factors for traits related to yield in faba bean (Vicia faba L.), specifically focusing on the F3 and F4 generations resulting from the cross between ‘Sakha 3’ and ‘Nubaria 3’. In the initial season (2021/ 2022), 200 families from each F3 population were cultivated with specific spacing, and selection criteria included seed yield per plant (SYP) and the number of pods per plant (NPP). Top-performing plants were identified for the second cycle of pedigree selection. In the following season (2022/2023), the F4 families were arranged in a randomised complete block design. Traits like the number of branches per plant (NBP), NPP, SYP, and seed index (SI) showed substantial phenotypic and genotypic coefficients of variation, indicating their noteworthy variation. Phenotypic and genotypic correlation analyses showed positive associations between SYP and the NBP and NPP. Additionally, path coefficient analysis indicated that these traits had high positive direct effects on SYP. This research provides valuable insights into the genetic variability, heritability, and selection parameters for yield-related traits in faba bean, offering a foundation for future breeding programs aimed at improving yield and productivity.