Blackrock Mumbai Associate Salaries by 200+ Employees (Updated 2025)

2 - 12 years exp.

₹8.6 Lakhs - ₹33.6 Lakhs

Salary of majority employees

Fixed (88%)

₹17.3 Lakhs

Variable (12%)

₹2.3 Lakhs

147% more than the average Associate Salary in Investment Banking / Venture Capital / Private Equity Companies for 2 - 12 years of experience

Interested in this particular role?

Salaries in different departments

Finance & Accounting Associate Salary 3 - 12 years exp. (108 salaries)	₹8 L/yr - ₹30.7 L/yr
BFSI, Investments & Trading Associate Salary 3 - 12 years exp. (34 salaries)	₹8 L/yr - ₹30.9 L/yr
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Engineering - Software & QA Associate Salary 2 - 11 years exp. (18 salaries)	₹14.5 L/yr - ₹34 L/yr
Data Science & Analytics Associate Salary 3 - 12 years exp. (14 salaries)	₹10 L/yr - ₹28 L/yr
Customer Success, Service & Operations Associate Salary 4 - 12 years exp. (13 salaries)	₹10 L/yr - ₹17 L/yr

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Last Updated: 16 Mar 2025

Companies similar to Blackrock for Associate in Mumbai

Blackrock Associate Salary

2 - 12 years exp. (241 salaries)

₹8.6 L/yr - ₹33.6 L/yr

Company name	Avg Annual Salary	Open Jobs
JPMorgan Chase & Co. Associate Salary 1 - 17 years exp. (3k salaries)	₹10 L/yr - ₹37 L/yr 27% more	55 job openings
Morgan Stanley Associate Salary 0 - 11 years exp. (2.1k salaries)	₹5 L/yr - ₹21 L/yr 38% less	1 job opening
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UBS Associate Salary 1 - 10 years exp. (32 salaries)	₹6.7 L/yr - ₹19.3 L/yr 28% less
Barclays Associate Salary 2 - 8 years exp. (12 salaries)	₹7.2 L/yr - ₹23 L/yr 14% less
Deutsche Bank Associate Salary 2 - 15 years exp. (1k salaries)	₹9.9 L/yr - ₹33 L/yr 5% more	39 job openings
HSBC Group Associate Salary 1 - 7 years exp. (12 salaries)	₹7.5 L/yr - ₹17.3 L/yr 48% less	1 job opening
Nomura Holdings Associate Salary 4 - 14 years exp. (333 salaries)	₹11.2 L/yr - ₹41 L/yr 30% more	16 job openings
State Street Corporation Associate Salary 0 - 5 years exp. (174 salaries)	₹2 L/yr - ₹6 L/yr 81% less
BNP Paribas Associate Salary 0 - 6 years exp. (294 salaries)	₹2 L/yr - ₹10 L/yr 74% less
Standard Chartered Associate Salary 1 - 13 years exp. (56 salaries)	₹10 L/yr - ₹35 L/yr 3% more

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Associate salary at Blackrock ranges between ₹8.6 Lakhs to ₹33.6 Lakhs per year for employees with experience between 2 years to 12 years. Salary estimates are based on 241 latest salaries received from various employees of Blackrock.

Experience wise Blackrock Associate salaries in Mumbai

Last Updated: 16 Mar 2025

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹29.8 L/yr
3 years (15 salaries)	₹10 L/yr - ₹23.5 L/yr
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4 years (21 salaries)	₹9.5 L/yr - ₹29.1 L/yr
5 years (31 salaries)	₹8 L/yr - ₹33.8 L/yr
6 years (31 salaries)	₹8 L/yr - ₹32 L/yr
7 years (31 salaries)	₹8.4 L/yr - ₹31 L/yr
8 years (30 salaries)	₹8 L/yr - ₹28.5 L/yr
9 years (22 salaries)	₹9.9 L/yr - ₹31 L/yr
10 years (24 salaries)	₹10.1 L/yr - ₹33 L/yr
11 years (21 salaries)	₹9.7 L/yr - ₹33 L/yr
12 years (14 salaries)	₹11.2 L/yr - ₹27 L/yr

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From

Associate

₹

Lakhs/yr

2 - 12 years exp.

Director

₹

Lakhs/yr

13 - 23 years exp.

Associate 2 - 12 years exp.

Vice President 9 - 17 years exp.

89% hike

Director 13 - 23 years exp.

70% hike

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Blackrock

Senior Associate Salary

(16 salaries)

₹11.3 L/yr - ₹32.5 L/yr

Top skills at Blackrock for Associate

Presentation Skills Interpersonal Skills Analytical Chemistry Investment Banking Civil Engineering

Salary related reviews for Blackrock

3.2

Rated by 26 employees for salary & benefits

Associate in Gurgaon / Gurugram

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 12 Apr 2021

3.0

for Salary and Benefits

Likes

Excellent opportunity to learn and company does support you a lot if you wish to expand your knowledge. Work culture is really good and people are very friendly and helpful. Really a great company to start your career with.

Skill development - Excellent

+3 more

Dislikes

The only place BlackRock lacks is compensation. There is no difference between a good and hardworking employee and a non performing employee. This demotivates a serious employee and frustrates them to a point where they want to move to other organization.

Associate in Gurgaon / Gurugram

IAG Department

1.0

• posted on 03 Jun 2021

3.0

for Salary and Benefits

Likes

Only thing I liked about the benefits they provided during Covid times.

Dislikes

Don't get attracted to the compensation they offer, they will make you 3 times more than normal work. Zero work life balance, you yourself will not look for your career growth here. You will just wait for the opportunity from other companies and will surely jump to better one. Let me tell you even you would not get sufficient time to even apply for other jobs.

Skill development - Poor

+5 more

Software Developer in Mumbai

Engineering - Software & QA Department

4.0

• posted on 16 Mar 2021

2.0

for Salary and Benefits

Likes

Good work environment and culture. Teammates are supportive. Company policies are good.

Job security - Excellent

+3 more

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary and annual increment is bit on the lower side than its competitors. Career growth is slow.

Salary - Poor

Financial Analyst in Mumbai

Full Time

Finance & Accounting Department

2.0

• posted on 30 Jan 2025

1.0

for Salary and Benefits

Likes

There's Job security and you learn a lot.

Skill development - Excellent

+1 more

Dislikes

...s of seniority rather than the work that is being done and there is favouritism. Salary is below market standards as well.

Salary - Bad

+3 more

Analyst in Mumbai

Full Time

Other Department

3.0

• posted on 26 Jan 2025

3.0

for Salary and Benefits

Likes

...ll work life balance is good in company. Helpful people and environment to work. Pays salary on time.

Work-life balance - Good

Dislikes

Employee performance matters a lot and based on the performance review and ratings, one gets promotion or appraisal on year ends. Little bit of bureaucratic structure within the organization. Knowledge wise, growth is limited for an individual as each process is distributed to different teams. Job security is not guaranteed as senior management won't think twice before laying off from work. Even the best folks are fired if they failed to meet performance expectations.

Skill development - Poor

+2 more

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Salary Discussions, Hike & Promotions

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Help me choose New Regime or Old Regime for my salary revision

Hi I am working as a full stack Architect (14 yeo) and Following is my CTC. Please help me calculate in hand salary and choose New or OLD regime. I have been doing Old regime till last year with a salary of 48 CTC. Now post revision it increased to 56L CTC effective March 1st. My PF alone will cover 80C Also have additional 50000 contribution in NPS My HRA is around 25K per month (300000) Health insurance for family 28000 Mom's medical expense 30000 (No personal (Have medical complications) or corporate insurance unfortunately) I have a home loan however its under construction, so not eligible yet for tax benefits

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Blackrock Associate Salary FAQs

What is the salary of Associate at Blackrock in Mumbai?

The average salary of a Associate at Blackrock in Mumbai typically ranges from ₹8.6 Lakhs to ₹33.6 Lakhs per year, depending on experience (from 2 years to 12 years).

The top 10% of Associate in Mumbai at Blackrock earn more than ₹27.0 Lakhs per year, and the top 1% earn over ₹37.1 Lakhs per year. Associate Salaries at Blackrock can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 200+ Blackrock employees in India.

What is the estimated take home salary of a Associate at Blackrock in Mumbai?

The estimated take-home salary of a Associate at Blackrock in Mumbai typically ranges from ₹1,29,839 to ₹1,34,405 per month. This is based on the average salary range of ₹8.6 Lakhs to ₹33.6 Lakhs per year for employees with experience ranging from 2 years to 12 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 200+ salaries received from various employees of Blackrock. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Associate at Blackrock in Mumbai?

To be a Associate at Blackrock in Mumbai, the key skills required include:

- Presentation Skills
- Interpersonal Skills
- Analytical Chemistry
- Investment Banking
- Civil Engineering

These skills are highly valued at Blackrock and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Blackrock for Associate in India?

McKinsey & Company	₹20.5 Lakhs to ₹80.6 Lakhs per year
Bank of America Securities	₹27.5 Lakhs to ₹40.0 Lakhs per year
Mercer	₹17.0 Lakhs to ₹40.0 Lakhs per year
Nomura Holdings	₹11.2 Lakhs to ₹41.0 Lakhs per year
JPMorgan Chase & Co.	₹10.0 Lakhs to ₹37.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Blackrock, depending on the role and experience level.

What is the salary of a Associate in companies similar to Blackrock in Mumbai?

The salary of a Associate at companies similar to Blackrock in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Deutsche Bank	₹9.9 Lakhs to ₹33.0 Lakhs per year
Standard Chartered	₹10.0 Lakhs to ₹35.0 Lakhs per year
Bain & Company	₹13.0 Lakhs to ₹25.0 Lakhs per year
Barclays	₹7.2 Lakhs to ₹23.0 Lakhs per year
BCG	₹7.0 Lakhs to ₹29.0 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Associate at Blackrock in Mumbai?

The salary growth for a Associate at Blackrock in Mumbai depends on factors such as experience, performance, and promotions. On average, a Associate in Mumbai can expect the following growth trajectory at Blackrock:

Experience	Average Salary Range
2 years	₹7.5 Lakhs to ₹29.8 Lakhs per year
3 years	₹10.0 Lakhs to ₹23.5 Lakhs per year
4 years	₹9.5 Lakhs to ₹29.1 Lakhs per year
5 years	₹8.0 Lakhs to ₹33.8 Lakhs per year

and so on.

Tell us how to improve this page.

Blackrock Associate salary in Mumbai ranges between ₹8.6 Lakhs to ₹33.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 241 Blackrock latest salaries received from various employees of Blackrock.