Equity Research Analyst
Annual salary range
₹2 Lakhs - ₹30 Lakhs
Very High Confidence 
Very High Confidence means the data is based on a large number of latest salaries.
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Filter salaries byEquity Research Analyst Salary in Mumbai (Updated 2025)
based on 1.2k
latest salaries
• updated:
2 Apr 2025
Select an experience to get the exact salary
Salary of majority employees
Equity Research Analyst Salary in Mumbai ranges between ₹2 Lakhs to ₹30 Lakhs for less than 1 year of experience to 7 years of experience. Salary estimates are based on 1.2k latest salaries received from...
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Top paying companies
Popular companies
Latest annual salaries
Salaries by experience
Jobs
available
Similar designations
Salary related reviews
Top interview questions
| Company name | Avg. annual salary | Open Jobs |
|---|---|---|
Goldman Sachs Equity Research Analyst Salary
1 year exp |  | |
| | ||
 Equity Research Analyst Salary
1 year exp | | |
 Equity Research Analyst Salary
1 year exp | | 1 job opening |
 Equity Research Analyst Salary
1 year exp | | |
Is this list helpful? | ||
View more companies
| Company Name | Avg. annual salary | Open Jobs |
|---|---|---|
8 -
14
yrs
exp.
.
Mumbai
(5 salaries)
|
₹40 L/yr - ₹51 L/yr | |
1 -
7
yrs
exp.
.
Mumbai
(5 salaries)
|
₹3.6 L/yr - ₹8.1 L/yr | |
Login to view exact salary
| ||
3 -
4
yrs
exp.
.
Mumbai
(5 salaries)
|
₹6.7 L/yr - ₹13.5 L/yr | |
2 -
9
yrs
exp.
.
Mumbai
(5 salaries)
|
₹11 L/yr - ₹23 L/yr | |
|
5 -
6
yrs
exp.
.
Mumbai
(5 salaries)
|
₹12 L/yr - ₹20 L/yr | |
3 -
8
yrs
exp.
.
Mumbai
(4 salaries)
|
₹10 L/yr - ₹25 L/yr | |
2 -
4
yrs
exp.
.
Mumbai
(4 salaries)
|
₹17 L/yr - ₹27 L/yr | |
1 -
3
yrs
exp.
.
Mumbai
(4 salaries)
|
₹9 L/yr - ₹10 L/yr | |
Login to view exact salary
| ||
|
2 -
4
yrs
exp.
.
Mumbai
(4 salaries)
|
₹2 L/yr - ₹3.5 L/yr | |
|
1 -
3
yrs
exp.
.
Mumbai
(4 salaries)
|
₹6 L/yr - ₹11 L/yr | |
Latest annual salaries shared by Equity Research Analysts
1d ago
BPS Tech
Equity Research Analyst
2 years exp.
1d ago
Evani Capital Services
Equity Research Analyst
1 year exp.
1d ago
PrimeInvestor
Equity Research Analyst
1 month exp.
2d ago
Jubilant Life sciences
Equity Research Analyst
5 years exp.
2d ago
Jubilant Life sciences
Equity Research Analyst
5 years exp.
2d ago
Evalueserve
Equity Research Analyst
3 years exp.
3d ago
Kedia Shares Stocks Brokers
Equity Research Analyst
4 years exp.
4d ago
Pramerica Life Insurance
Equity Research Analyst
2 years exp.
4d ago
Bonanza Portfolio
Equity Research Analyst
2 years exp.
4d ago
GemsCap Global Analyst
Equity Research Analyst
1 year exp.
View all latest salaries
Equity Research Analyst salaries by
| Years of experience | Avg. annual salary |
|---|---|
Fresher
(125
salaries)
| ₹2 L/yr - ₹20 L/yr |
1
year
(272
salaries)
| ₹2 L/yr - ₹22.5 L/yr |
Login to view exact salary
| |
2
years
(211
salaries)
| ₹3.2 L/yr - ₹25 L/yr |
3
years
(169
salaries)
| ₹3.5 L/yr - ₹36 L/yr |
4
years
(135
salaries)
| ₹3.5 L/yr - ₹29 L/yr |
View all salaries by experience
Equity Research Analyst Jobs in Mumbai
Equity Research Analyst
· 1-5 years
Sbicap Securities
₹18
L/yr
- ₹25
L/yr
Mumbai
Equity Research Analyst
· 5-7 years
Acme Services
Equity Research Analyst
· 0-3 years
Nomura
Similar Designation Salary
| Similar Designation | Avg. annual salary |
|---|---|
Research Analyst Salary
0 -
5
years
exp.
(2.8k salaries)
| ₹2 L/yr - ₹13.3 L/yr |
Business Analyst Salary
1 -
9
years
exp.
(12.4k salaries)
| ₹3 L/yr - ₹16.4 L/yr |
Login to view exact salary
| |
Financial Analyst Salary
1 -
8
years
exp.
(6.5k salaries)
| ₹2 L/yr - ₹13.4 L/yr |
Senior Financial Analyst Salary
2 -
10
years
exp.
(1.7k salaries)
| ₹3 L/yr - ₹20.3 L/yr |
Senior Analyst Salary
2 -
8
years
exp.
(11.9k salaries)
| ₹3.3 L/yr - ₹17.5 L/yr |
View more similar designations
Salary related reviews by similar designations like Equity Research Analyst
JPMorgan Chase & Co.
Analyst in Hyderabad / Secunderabad
• posted on 27 Apr 2022
Likes
...working environment, and smooth access of applications and policies are good. Hikes and bonus are good.
read more- Salary - Excellent
+6 more
Dislikes
Nothing
Goldman Sachs
Analyst in Bangalore / Bengaluru
• posted on 10 Mar 2023
Likes
Culture of the firm is great and better work life balance as compared to consultancies.
- Company culture - Good
+1 more
Dislikes
Salary, appraisal and job security due to ongoing layoffs.
- Job security - Bad
+1 more
Crisil
Analyst in Mumbai
• posted on 24 Jan 2025
Likes
Company with strong work-life balance, supportive management and positive work culture.
- Salary - Good
+6 more
Dislikes
Only on the salary part- which is comparatively less.
Morningstar
Senior Analyst in Navi Mumbai
• posted on 09 Oct 2023
Likes
Work Life Balance,working culture and job security
- Job security - Good
+2 more
Dislikes
No career growth after a certain extent ,low pay n compensation, politics in appraisal
read moreFactSet
Research Analyst in Hyderabad / Secunderabad
• posted on 22 Jan 2025
Likes
Work culture is very good. No work pressure
- Salary - Good
+5 more
Top skills for Equity Research Analyst
Equity Research Analyst Salary In Other Locations
| Locations | Avg. annual salary |
|---|---|
Hyderabad / Secunderabad
Equity Research Analyst
0 -
7
years
exp.
| ₹2.5 L/yr - ₹5 L/yr |
Bangalore / Bengaluru
Equity Research Analyst
0 -
7
years
exp.
| ₹2 L/yr - ₹27 L/yr |
Login to view exact salary
| |
Pune
Equity Research Analyst
0 -
6
years
exp.
| ₹2 L/yr - ₹14.4 L/yr |
New Delhi
Equity Research Analyst
0 -
7
years
exp.
| ₹2 L/yr - ₹15 L/yr |
Kolkata
Equity Research Analyst
0 -
7
years
exp.
| ₹1.7 L/yr - ₹10 L/yr |
View More
Equity Research Analyst Salary By Industries
| Industries | Avg. annual salary |
|---|---|
Financial Services Equity Research Analyst
0 -
7
years
exp.
| ₹2.4 L/yr - ₹29 L/yr |
Internet Equity Research Analyst
0 -
7
years
exp.
| ₹2.6 L/yr - ₹12.7 L/yr |
Login to view exact salary
| |
Software Product Equity Research Analyst
0 -
7
years
exp.
| ₹2.6 L/yr - ₹5 L/yr |
Analytics & KPO Equity Research Analyst
0 -
7
years
exp.
| ₹3.6 L/yr - ₹15.6 L/yr |
IT Services & Consulting Equity Research Analyst
0 -
7
years
exp.
| ₹2.5 L/yr - ₹24 L/yr |
View More
Frequently Asked Questions (FAQS) about Equity Research Analyst Salaries
What is the salary of a Equity Research Analyst in India?
The salary of a Equity Research Analyst in India varies based on experience, location, company & Industry.
On average, Equity Research Analyst salaries ranges from ₹2.0 Lakhs to ₹30.0 Lakhs per year. Top companies and specialized roles may offer higher compensation.
The average starting salary is around ₹2.0 Lakhs to ₹30.0 Lakhs per year, with the highest salary reaching ₹14.6 Lakhs to ₹35.0 Lakhs per year. Salary estimates are based on 1.2k salaries received from various Equity Research Analysts across industries.
The average starting salary is around ₹2.0 Lakhs to ₹30.0 Lakhs per year, with the highest salary reaching ₹14.6 Lakhs to ₹35.0 Lakhs per year. Salary estimates are based on 1.2k salaries received from various Equity Research Analysts across industries.
What are the top paying companies that employ Equity Research Analysts?
Equity Research Analyst Salaries at Top paying companies in India are
Salaries depend on experience, role, and location. Additional compensation may include bonuses and stock options.
| Goldman Sachs Equity Research Analyst Salary | ₹14.6 Lakhs to ₹35 Lakhs per year |
| JPMorgan Chase & Co. Equity Research Analyst Salary | ₹12.4 Lakhs to ₹34 Lakhs per year |
| HSBC Group Equity Research Analyst Salary | ₹16 Lakhs to ₹34 Lakhs per year |
| William O'Neil & Co Equity Research Analyst Salary | ₹11.5 Lakhs to ₹19 Lakhs per year |
| ICICI Securities Equity Research Analyst Salary | ₹6 Lakhs to ₹18 Lakhs per year |
What are the top paying cities for Equity Research Analyst in India?
The annual salary for Equity Research Analyst in India varies by location. Top paying cities for Equity Research Analyst are
Salary expectations for Equity Research Analyst may vary based on job roles, experience, and specific employer requirements.
| Equity Research Analyst Salary in Gurgaon / Gurugram | ₹2.0 Lakhs to ₹24.0 Lakhs per year |
| Equity Research Analyst Salary in Ahmedabad | ₹3.0 Lakhs to ₹19.0 Lakhs per year |
| Equity Research Analyst Salary in Pune | ₹2.0 Lakhs to ₹14.4 Lakhs per year |
| Equity Research Analyst Salary in Chennai | ₹2.5 Lakhs to ₹13.5 Lakhs per year |
| Equity Research Analyst Salary in New Delhi | ₹2.0 Lakhs to ₹15.0 Lakhs per year |
What are the top paying industries for Equity Research Analyst in India?
Top 5 paying Industries for Equity Research Analyst in India are:
| Equity Research Analyst Salary in Banking | ₹2.0 Lakhs to ₹55.0 Lakhs per year |
| Equity Research Analyst Salary in Consulting | ₹4.0 Lakhs to ₹33.0 Lakhs per year |
| Equity Research Analyst Salary in Banking / Insurance / Accounting | ₹2.2 Lakhs to ₹33.0 Lakhs per year |
| Equity Research Analyst Salary in Investment Banking / Venture Capital / Private Equity | ₹3.0 Lakhs to ₹31.0 Lakhs per year |
| Equity Research Analyst Salary in IT Services & Consulting | ₹2.5 Lakhs to ₹24.0 Lakhs per year |
What are the fresher salaries as Equity Research Analyst?
Fresher salaries for Equity Research Analyst in India typically range from ₹2 Lakhs to ₹20 Lakhs per year, depending on the company, location, and skill set. Fresher salaries are generally higher in IT Industry than in other Industries in India.
How does experience affect salaries of a Equity Research Analyst in India?
Experience significantly impacts a Equity Research Analyst salary in India. Salaries increase with experience, as Equity Research Analyst take on more complex tasks, responsibilities, and leadership roles.
Equity Research Analyst salary at different experience level are as follows:
and so on.
| Experience | Average Salary Range |
|---|---|
| Fresher | ₹2.0 Lakhs to ₹20.0 Lakhs per year |
| 1 year | ₹2.0 Lakhs to ₹22.5 Lakhs per year |
| 2 years | ₹3.2 Lakhs to ₹25.0 Lakhs per year |
| 3 years | ₹3.5 Lakhs to ₹36.0 Lakhs per year |
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