Equity Research Associate
Annual salary range
₹2.5 Lakhs - ₹28 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 Associate Salary in India (Updated 2025)
based on 877
latest salaries
• updated:
5 Mar 2025
Select an experience to get the exact salary
Salary of majority employees
Experience wise Equity Research Associate salaries
| Years of experience | Avg. Annual Salary |
|---|---|
Fresher
(128
salaries)
|  ₹2 L/yr - ₹16 L/yr |
1
year
(250
salaries)
| ₹2.4 L/yr - ₹16 L/yr |
Login to view exact salary
| |
2
years
(209
salaries)
| ₹2.6 L/yr - ₹20 L/yr |
3
years
(161
salaries)
| ₹3 L/yr - ₹32 L/yr |
4
years
(108
salaries)
| ₹4.2 L/yr - ₹45 L/yr |
View all salaries by experience
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
877 latest salaries received
from Equity Research Associate.
See latest salaries
Equity Research Associate salaries in different departments
| Department | Avg Annual Salary |
|---|---|
BFSI, Investments & Trading
Equity Research Associate Salary
0 - 5
years
exp.
(232
salaries)
| ₹2.5 L/yr - ₹27.5 L/yr |
Login to view exact salary
| |
Finance & Accounting
Equity Research Associate Salary
0 - 5
years
exp.
(190
salaries)
| ₹2.5 L/yr - ₹26 L/yr |
View all departments salaries
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Latest annual salaries shared by Equity Research Associates
1d ago
L. F. C. Securities
Equity Research Associate
5 months exp.
2d ago
Nvs Brokerage
Equity Research Associate
1 year exp.
2d ago
Adroit Financial Services
Equity Research Associate
1 year exp.
3d ago
FactSet
Equity Research Associate
3 years exp.
3d ago
KRChoksey
Equity Research Associate
3 years exp.
4d ago
Zacks Research
Equity Research Associate
1 year exp.
1w ago
IIFL Securities
Equity Research Associate
3 years exp.
1w ago
Elara Capital
Equity Research Associate
3 years exp.
1w ago
Axis Securities and Sales
Equity Research Associate
3 years exp.
1w ago
Monarch Networth Capital
Equity Research Associate
2 years exp.
View all latest salaries
| Company name | Avg Annual Salary | Open Jobs |
|---|---|---|
| | 1 job opening | |
| | 1 job opening | |
| | ||
| | 1 job opening | |
Is this list helpful? | ||
| 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.
(27 salaries)
|
₹2 L/yr - ₹5 L/yr | 1 job opening |
Login to view exact salary
| ||
0 -
3
yrs
exp.
(26 salaries)
|
₹7 L/yr - ₹11.1 L/yr | |
1 -
7
yrs
exp.
(21 salaries)
|
₹8.4 L/yr - ₹19 L/yr | 1 job opening |
0 -
3
yrs
exp.
(19 salaries)
|
₹7 L/yr - ₹11 L/yr | |
0 -
6
yrs
exp.
(18 salaries)
|
₹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 | |
Login to view exact salary
| ||
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 | |
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
· 2-6 years
Elara Capital
Mumbai
Similar Designation Salaries for Equity Research Associate
| Designations | Avg Annual Salary |
|---|---|
Research Associate Salary
0 -
6
years
exp.
(33.9k salaries)
| ₹2 L/yr - ₹8 L/yr |
Equity Research Analyst Salary
0 -
7
years
exp.
(3.2k salaries)
| ₹2 L/yr - ₹24 L/yr |
Login to view exact salary
| |
Senior Research Analyst Salary
2 -
8
years
exp.
(8.4k salaries)
| ₹2.5 L/yr - ₹16 L/yr |
Senior Associate Salary
2 -
10
years
exp.
(2.3L salaries)
| ₹2.3 L/yr - ₹22.8 L/yr |
Senior Equity Research Analyst Salary
2 -
12
years
exp.
(334 salaries)
| ₹4 L/yr - ₹25.5 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.
Evalueserve
Research Associate
• posted on 03 May 2021
Likes
Good Working ambience. Teammates are extremely helpful and management is transparent.
- Salary - Excellent
+6 more
Dislikes
Variable pay is very less, fast paced, keep you on toes, hectic working hours but depends projects, average salary
read moreJPMorgan 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 22 Nov 2022
Likes
1. Flexible working hours 2. On time pay 3. Not very hectic in terms of workload 4. Helpful colleagues and seniors
read more- Job security - Excellent
+2 more
Dislikes
1. Pay 2. Growth opportunities
- Promotions - Poor
ICICI Securities
Equity Advisor
• posted on 06 Jun 2023
Likes
... work will be appreciated so you will get support, appreciation from the senior and also the hike & bonus accordingly.
read more- Job security - Good
Dislikes
Working in OAG department is complete customer service profile having no learning. The work can be done by 12th pass person having basic knowledge of stock market.
read more- Work satisfaction - Poor
+1 more
Top skills for Equity Research Associate
Equity Research Associate Salary By Locations
| Locations | Avg Annual Salary |
|---|---|
Mumbai
Equity Research Associate
0 -
5
years
exp.
| ₹3 L/yr - ₹28 L/yr |
Bangalore / Bengaluru
Equity Research Associate
0 -
5
years
exp.
| ₹3 L/yr - ₹39 L/yr |
Login to view exact salary
| |
Pune
Equity Research Associate
0 -
4
years
exp.
| ₹2.5 L/yr - ₹15 L/yr |
Kolkata
Equity Research Associate
0 -
5
years
exp.
| ₹2 L/yr - ₹11 L/yr |
New Delhi
Equity Research Associate
0 -
4
years
exp.
| ₹2.3 L/yr - ₹16 L/yr |
View More
Equity Research Associate Salary By Industries
| Industries | Avg Annual Salary |
|---|---|
Financial Services Equity Research Associate
0 -
5
years
exp.
| ₹3 L/yr - ₹33 L/yr |
Banking / Insurance / Accounting Equity Research Associate
0 -
5
years
exp.
| ₹2.4 L/yr - ₹34 L/yr |
Login to view exact salary
| |
IT Services & Consulting Equity Research Associate
0 -
5
years
exp.
| ₹2.8 L/yr - ₹20 L/yr |
Investment Banking / Venture Capital / Private Equity Equity Research Associate
0 -
5
years
exp.
| ₹3.5 L/yr - ₹39 L/yr |
Internet Equity Research Associate
0 -
5
years
exp.
| ₹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 877 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 - ₹12.9 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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