Equity Research Associate
Annual salary range
₹3 Lakhs - ₹27.5 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 BFSI, Investments & Trading Department in India (Updated 2025)
based on 231
latest salaries
• updated:
22 Mar 2025
Select an experience to get the exact salary
Salary of majority employees
Equity Research Associate Salary in India ranges between ₹3 Lakhs to ₹27.5 Lakhs for less than 1 year of experience to 5 years of experience. Salary estimates are based on 231 latest salaries received from...
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| Company name | Avg. annual salary | Open Jobs |
|---|---|---|
 | 3 job openings | |
Elara Capital Equity Research Associate Salary
3 years exp | | |
 Equity Research Associate Salary
3 years exp | | |
 Equity Research Associate Salary
3 years exp | | |
Is this list helpful? | ||
| Company Name | Avg. annual salary | Open Jobs |
|---|---|---|
5 yrs
exp.
(AmbitionBox Estimate)
|
₹4.5 L/yr - ₹5.8 L/yr | |
Fresher
(AmbitionBox Estimate)
|
₹4.5 L/yr - ₹5.8 L/yr | |
Login to view exact salary
| ||
6 yrs
exp.
(AmbitionBox Estimate)
|
₹11.9 L/yr - ₹15.2 L/yr | |
3 yrs
exp.
(AmbitionBox Estimate)
|
₹8.6 L/yr - ₹10.9 L/yr | |
2 yrs
exp.
(AmbitionBox Estimate)
|
₹9.5 L/yr - ₹12.1 L/yr | |
4 yrs
exp.
(AmbitionBox Estimate)
|
₹11.1 L/yr - ₹14.2 L/yr | |
2 yrs
exp.
(AmbitionBox Estimate)
|
₹5.4 L/yr - ₹6.9 L/yr | |
|
3 yrs
exp.
(AmbitionBox Estimate)
|
₹13.5 L/yr - ₹17.2 L/yr | |
Login to view exact salary
| ||
|
4 yrs
exp.
(AmbitionBox Estimate)
|
₹9.1 L/yr - ₹11.7 L/yr | |
|
Fresher
(AmbitionBox Estimate)
|
₹27 L/yr - ₹34.5 L/yr | |
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
Equity Research Associate salaries by Experience
| Years of experience | Avg. annual salary |
|---|---|
Fresher
(28
salaries)
| ₹2.4 L/yr - ₹16 L/yr |
1
year
(62
salaries)
| ₹2.4 L/yr - ₹22 L/yr |
Login to view exact salary
| |
2
years
(53
salaries)
| ₹3.7 L/yr - ₹22 L/yr |
3
years
(55
salaries)
| ₹5.1 L/yr - ₹30 L/yr |
4
years
(29
salaries)
| ₹6.4 L/yr - ₹34.4 L/yr |
View all salaries by experience
Equity Research Associate Jobs in India
Equity Research Associate
· 3-6 years
JP Morgan Chase
Equity Research Associate
· 2-5 years
Upgrad Rekrut
₹15
L/yr
- ₹25
L/yr
Equity Research Associate
· 2-5 years
Elara Securities (India) Private Limited
Similar Designation Salary
| Similar Designation | 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.
(3.3k salaries)
| ₹2 L/yr - ₹24 L/yr |
Login to view exact salary
| |
Senior Research Analyst Salary
2 -
8
years
exp.
(8.5k salaries)
| ₹2.5 L/yr - ₹16 L/yr |
Senior Associate Salary
2 -
10
years
exp.
(2.4L salaries)
| ₹2.3 L/yr - ₹23 L/yr |
Senior Equity Research Analyst Salary
2 -
12
years
exp.
(335 salaries)
| ₹4 L/yr - ₹25.5 L/yr |
View more similar designations
Salary related reviews by similar designations like Equity Research Associate
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 moreICICI 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
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 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
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 - ₹30 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 - ₹11.7 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 - ₹9.8 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 - ₹34 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 -
4
years
exp.
| ₹3.5 L/yr - ₹34 L/yr |
Internet Equity Research Associate
0 -
5
years
exp.
| ₹2.4 L/yr - ₹12 L/yr |
View More
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