Equity Research Associate
Annual salary range
₹2.5 Lakhs - ₹28 Lakhs
Very High Confidence 
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Equity Research Associate Salary in India (Updated 2025)
based on 880
latest salaries
• updated:
11 Mar 2025
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Salary of majority employees
Equity Research Associate Salary in India ranges between ₹2.5 Lakhs to ₹28 Lakhs for less than 1 year of experience to 5 years of experience. Salary estimates are based on 880 latest salaries received from...
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Similar designations
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| Company name | Avg. annual salary | Open Jobs |
|---|---|---|
 Unlock | 1 job opening | |
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| Unlock | 1 job opening | |
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| Company Name | Avg. annual salary | Open Jobs |
|---|---|---|
3 -
6
yrs
exp.
(38 salaries)
|
₹22 L/yr - ₹45 L/yr | 1 job opening |
0 -
3
yrs
exp.
(29 salaries)
|
₹2 L/yr - ₹5 L/yr | 1 job opening |
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0 -
3
yrs
exp.
(26 salaries)
|
₹7 L/yr - ₹11.1 L/yr | |
1 -
7
yrs
exp.
(21 salaries)
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₹8.4 L/yr - ₹19 L/yr | |
0 -
3
yrs
exp.
(19 salaries)
|
₹7 L/yr - ₹11 L/yr | |
0 -
6
yrs
exp.
(18 salaries)
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₹4 L/yr - ₹12.1 L/yr | |
0 -
5
yrs
exp.
(18 salaries)
|
₹6 L/yr - ₹18 L/yr | |
0 -
7
yrs
exp.
(17 salaries)
|
₹6 L/yr - ₹20 L/yr | |
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| ||
0 -
3
yrs
exp.
(16 salaries)
|
₹3.9 L/yr - ₹6.5 L/yr | |
0 -
5
yrs
exp.
(16 salaries)
|
₹7 L/yr - ₹29 L/yr | |
Latest annual salaries shared by Equity Research Associates
1d ago
L. F. C. Securities
Equity Research Associate
5 months exp.
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2d ago
Nvs Brokerage
Equity Research Associate
1 year exp.
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2d ago
Adroit Financial Services
Equity Research Associate
1 year exp.
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3d ago
FactSet
Equity Research Associate
3 years exp.
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3d ago
KRChoksey
Equity Research Associate
3 years exp.
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4d ago
Zacks Research
Equity Research Associate
1 year exp.
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1w ago
IIFL Securities
Equity Research Associate
3 years exp.
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1w ago
Elara Capital
Equity Research Associate
3 years exp.
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1w ago
Axis Securities and Sales
Equity Research Associate
3 years exp.
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1w ago
Monarch Networth Capital
Equity Research Associate
2 years exp.
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Equity Research Associate salaries by
| Years of experience | Avg. annual salary |
|---|---|
Fresher
(130
salaries)
| Unlock ₹2 L/yr - ₹16 L/yr |
1
year
(251
salaries)
| Unlock ₹2.4 L/yr - ₹16 L/yr |
Login to view exact salary
| |
2
years
(209
salaries)
| Unlock ₹2.6 L/yr - ₹20 L/yr |
3
years
(161
salaries)
| Unlock ₹3 L/yr - ₹32 L/yr |
4
years
(108
salaries)
| Unlock ₹4.2 L/yr - ₹45 L/yr |
View all salaries by experience
Equity Research Associate Jobs in India
Equity Research Associate
· 3-6 years
JPMorgan Chase
Mumbai
Equity Research Associate
· 0-3 years
ZACKS
Kolkata
Equity Research Associate
· 1-3 years
Crisil Limited
Similar Designation Salary
| Similar Designation | Avg. annual salary |
|---|---|
Research Associate Salary
0 -
6
years
exp.
(33.8k salaries)
| Unlock ₹2 L/yr - ₹8 L/yr |
Equity Research Analyst Salary
0 -
7
years
exp.
(3.2k salaries)
| Unlock ₹2 L/yr - ₹24 L/yr |
Login to view exact salary
| |
Senior Research Analyst Salary
2 -
8
years
exp.
(8.4k salaries)
| Unlock ₹2.5 L/yr - ₹16 L/yr |
Senior Associate Salary
2 -
10
years
exp.
(2.3L salaries)
| Unlock ₹2.3 L/yr - ₹23 L/yr |
Senior Equity Research Analyst Salary
2 -
12
years
exp.
(335 salaries)
| Unlock ₹4 L/yr - ₹25 L/yr |
View more similar designations
Salary related reviews by similar designations like Equity Research Associate
B&K Securities
Equity Research Analyst
• posted on 11 May 2018
Likes
...any and Mr Murarka (Chairman) is very good. Work life is comparatively balanced. Pay decent salary.
read more- Salary - Good
+2 more
Dislikes
Internal polictics are very high among employees.
JPMorgan Chase & Co.
Associate
• posted on 24 Jan 2025
Likes
Salary is decent compared to industry average. Also, You don’t need to worry about the job security unless you are really bad. Work life balance depends on which line of business and what team are you working.
read more- Salary - Good
+5 more
Dislikes
Promotions are too slow compared to your peers in US or UK. A person will stay as an Analyst or Associate for years and your peer will become a Vice President or even an Executive Director within the same timelines. Your promotions are hardly based on your performance and mostly based on how much good relationship you have with your manager and how much the management has endorsed you as a brand.
read moreZacks Research
Research Associate
• posted on 13 Jul 2023
Likes
Flexible working environment, permission to work from home, work life balance, considerate manager.
- Job security - Excellent
+3 more
Dislikes
Salary, appraisal
ICICI Securities
Equity Advisor
• posted on 16 Jun 2021
Likes
... You will get good colleagues. Job security is not an issue if you perform well. Salary is credited on time and annual bonus is decent.
read more- Salary - Good
+3 more
Dislikes
Too much calling on landline phone. High targets which can be stressful. Difficult to achieve proper work life balance. I would work on Saturday's too.
read more- Work-life balance - Poor
Evalueserve
Research Analyst
• posted on 23 Oct 2020
Likes
I joined as a fresher and I liked the training part the most. Work life balance is there most of the times. Work ethics and culture is amazing
read more- Salary - Good
+5 more
Dislikes
Appraisal is very less, Salary is decent but I feel growth is slow. Rest I dont have anything as of now.
read moreTop skills for Equity Research Associate
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Equity Research Associate Salary By Locations
| Locations | Avg. annual salary |
|---|---|
Mumbai
Equity Research Associate
0 -
5
years
exp.
| Unlock ₹3 L/yr - ₹30 L/yr |
Bangalore / Bengaluru
Equity Research Associate
0 -
5
years
exp.
| Unlock ₹3 L/yr - ₹39 L/yr |
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| |
Pune
Equity Research Associate
0 -
4
years
exp.
| Unlock ₹2.5 L/yr - ₹11.7 L/yr |
Kolkata
Equity Research Associate
0 -
5
years
exp.
| Unlock ₹2 L/yr - ₹11 L/yr |
New Delhi
Equity Research Associate
0 -
4
years
exp.
| Unlock ₹2.3 L/yr - ₹9.8 L/yr |
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Equity Research Associate Salary By Industries
| Industries | Avg. annual salary |
|---|---|
Financial Services Equity Research Associate
0 -
5
years
exp.
| Unlock ₹3 L/yr - ₹34 L/yr |
Banking / Insurance / Accounting Equity Research Associate
0 -
5
years
exp.
| Unlock ₹2.4 L/yr - ₹34 L/yr |
Login to view exact salary
| |
IT Services & Consulting Equity Research Associate
0 -
5
years
exp.
| Unlock ₹2.8 L/yr - ₹20 L/yr |
Investment Banking / Venture Capital / Private Equity Equity Research Associate
0 -
4
years
exp.
| Unlock ₹3.5 L/yr - ₹34 L/yr |
Internet Equity Research Associate
0 -
5
years
exp.
| Unlock ₹2.4 L/yr - ₹12 L/yr |
View More
Frequently Asked Questions about Equity Research Associate Salaries
What is the salary of a Equity Research Associate in India?
Salary for a Equity Research Associate in India ranges between ₹2.5 Lakhs to ₹28.0 Lakhs per year. Salary estimates are based on 880 latest salaries received from various Equity Research Associates across industries.
What are the top paying companies that employ Equity Research Associates?
- JPMorgan Chase & Co. Equity Research Associate Salary - ₹39.2 Lakhs per year
- Elara Capital Equity Research Associate Salary - ₹12.8 Lakhs per year
- Evalueserve Equity Research Associate Salary - ₹9.7 Lakhs per year
- Zacks Research Equity Research Associate Salary - ₹4.1 Lakhs per year
What is the starting salary for a Equity Research Associate in India?
Average starting Salary for Equity Research Associate in India is around ₹2.5 Lakhs per year (₹20.8k per month). No prior experience is required to be a Equity Research Associate.
What is the highest salary for a Equity Research Associate in India?
Highest salary that a Equity Research Associate can earn is ₹45.0 Lakhs per year (₹3.8L per month).
What are the top paying industries for Equity Research Associate in India?
- Investment Banking / Venture Capital / Private Equity - ₹1.0 Lakhs to 60.0 Lakhs per year
- Banking - ₹1.0 Lakhs to 26.9 Lakhs per year
- IT Services & Consulting - ₹2.1 Lakhs to 45.0 Lakhs per year
- Financial Services - ₹2.0 Lakhs to 72.0 Lakhs per year
- Analytics & KPO - ₹0.1 Lakhs to 25.0 Lakhs per year
What are the top paying cities for Equity Research Associate in India?
- Bangalore / Bengaluru - ₹0.3 Lakhs to 45.0 Lakhs per year
- Mumbai - ₹0.2 Lakhs to 72.0 Lakhs per year
- Pune - ₹2.2 Lakhs to 16.0 Lakhs per year
- New Delhi - ₹2.0 Lakhs to 16.0 Lakhs per year
- Kolkata - ₹1.8 Lakhs to 14.8 Lakhs per year
What are the popular/top skills required to become a Equity Research Associate?
These are the top skills of a Equity Research Associate based on 8 jobs posted by employers.
- Finance
- Research
- Financial Analysis
- Investment Banking
- Equity Research
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