Equity Research Associate
Annual salary range
₹2.5 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 India (Updated 2025)
based on 886
latest salaries
• updated:
21 Mar 2025
Select an experience to get the exact salary
Salary of majority employees
Equity Research Associate Salary in India ranges between ₹2.5 Lakhs to ₹27.5 Lakhs for less than 1 year of experience to 5 years of experience. Salary estimates are based on 886 latest salaries received from...
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| Company name | Avg. annual salary | Open Jobs |
|---|---|---|
 | 1 job opening | |
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 |
|---|---|---|
0 -
3
yrs
exp.
(11 salaries)
|
₹8.5 L/yr - ₹16 L/yr | |
0 -
4
yrs
exp.
(11 salaries)
|
₹12 L/yr - ₹24 L/yr | |
Login to view exact salary
| ||
0 -
3
yrs
exp.
(10 salaries)
|
₹13 L/yr - ₹16 L/yr | |
|
1 -
5
yrs
exp.
(10 salaries)
|
₹7 L/yr - ₹21 L/yr | |
1 -
7
yrs
exp.
(10 salaries)
|
₹5 L/yr - ₹18 L/yr | |
1 -
2
yrs
exp.
(10 salaries)
|
₹4 L/yr - ₹9 L/yr | |
0 -
2
yrs
exp.
(9 salaries)
|
₹3.2 L/yr - ₹4 L/yr | |
1 -
2
yrs
exp.
(9 salaries)
|
₹4 L/yr - ₹7 L/yr | |
Login to view exact salary
| ||
1 -
4
yrs
exp.
(8 salaries)
|
₹6 L/yr - ₹14.3 L/yr | |
|
1 -
5
yrs
exp.
(8 salaries)
|
₹4 L/yr - ₹13 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
| Years of experience | Avg. annual salary |
|---|---|
Fresher
(129
salaries)
| ₹2 L/yr - ₹16 L/yr |
1
year
(258
salaries)
| ₹2.4 L/yr - ₹18 L/yr |
Login to view exact salary
| |
2
years
(210
salaries)
| ₹2.6 L/yr - ₹20 L/yr |
3
years
(162
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 Jobs in India
Equity Research Associate
· 3-6 years
JPMorgan Chase
Mumbai
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.
(33.8k 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.
(2.4L salaries)
| ₹2.3 L/yr - ₹23 L/yr |
Senior Equity Research Analyst Salary
2 -
12
years
exp.
(335 salaries)
| ₹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
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
Frequently Asked Questions (FAQS) about Equity Research Associate Salaries
What is the salary of a Equity Research Associate in India?
The salary of a Equity Research Associate in India varies based on experience, location, company & Industry.
On average, Equity Research Associate salaries ranges from ₹2.5 Lakhs to ₹27.5 Lakhs per year. Top companies and specialized roles may offer higher compensation.
The average starting salary is around ₹2.5 Lakhs to ₹27.5 Lakhs per year, with the highest salary reaching ₹22.0 Lakhs to ₹45.0 Lakhs per year. Salary estimates are based on 886 salaries received from various Equity Research Associates across industries.
The average starting salary is around ₹2.5 Lakhs to ₹27.5 Lakhs per year, with the highest salary reaching ₹22.0 Lakhs to ₹45.0 Lakhs per year. Salary estimates are based on 886 salaries received from various Equity Research Associates across industries.
What are the top paying companies that employ Equity Research Associates?
Equity Research Associate Salaries at Top paying companies in India are
Salaries depend on experience, role, and location. Additional compensation may include bonuses and stock options.
| JPMorgan Chase & Co. Equity Research Associate Salary | ₹22 Lakhs to ₹45 Lakhs per year |
| Elara Capital Equity Research Associate Salary | ₹8.4 Lakhs to ₹16 Lakhs per year |
| Evalueserve Equity Research Associate Salary | ₹7.5 Lakhs to ₹17.8 Lakhs per year |
| Zacks Research Equity Research Associate Salary | ₹3 Lakhs to ₹5 Lakhs per year |
What are the top paying cities for Equity Research Associate in India?
The annual salary for Equity Research Associate in India varies by location. Top paying cities for Equity Research Associate are
Salary expectations for Equity Research Associate may vary based on job roles, experience, and specific employer requirements.
| Equity Research Associate Salary in Mumbai | ₹3.0 Lakhs to ₹30.0 Lakhs per year |
| Equity Research Associate Salary in Bangalore / Bengaluru | ₹3.0 Lakhs to ₹39.0 Lakhs per year |
| Equity Research Associate Salary in Pune | ₹2.5 Lakhs to ₹11.7 Lakhs per year |
| Equity Research Associate Salary in Kolkata | ₹2.0 Lakhs to ₹11.0 Lakhs per year |
| Equity Research Associate Salary in New Delhi | ₹2.3 Lakhs to ₹9.8 Lakhs per year |
What are the top paying industries for Equity Research Associate in India?
Top 5 paying Industries for Equity Research Associate in India are:
| Equity Research Associate Salary in Financial Services | ₹3.0 Lakhs to ₹34.0 Lakhs per year |
| Equity Research Associate Salary in Banking / Insurance / Accounting | ₹2.4 Lakhs to ₹34.0 Lakhs per year |
| Equity Research Associate Salary in IT Services & Consulting | ₹2.8 Lakhs to ₹20.0 Lakhs per year |
| Equity Research Associate Salary in Investment Banking / Venture Capital / Private Equity | ₹3.5 Lakhs to ₹34.0 Lakhs per year |
| Equity Research Associate Salary in Internet | ₹2.4 Lakhs to ₹12.0 Lakhs per year |
What are the fresher salaries as Equity Research Associate?
Fresher salaries for Equity Research Associate in India typically range from ₹2 Lakhs to ₹16 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 Associate in India?
Experience significantly impacts a Equity Research Associate salary in India. Salaries increase with experience, as Equity Research Associate take on more complex tasks, responsibilities, and leadership roles.
Equity Research Associate salary at different experience level are as follows:
and so on.
| Experience | Average Salary Range |
|---|---|
| Fresher | ₹2.0 Lakhs to ₹16.0 Lakhs per year |
| 1 year | ₹2.4 Lakhs to ₹18.0 Lakhs per year |
| 2 years | ₹2.6 Lakhs to ₹20.0 Lakhs per year |
| 3 years | ₹3.0 Lakhs to ₹32.0 Lakhs per year |
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