CLSA Mumbai Associate Salaries by 6 Employees (Updated 2025)

3 - 7 years exp.

₹8 Lakhs - ₹24 Lakhs

Salary of majority employees

84% more than the average Associate Salary in Financial Services Companies for 3 - 7 years of experience

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Salaries in different departments

BFSI, Investments & Trading Associate Salary 3 - 4 years exp. (3 salaries)	₹11 L/yr - ₹24 L/yr
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Finance & Accounting Associate Salary 5 years exp. (AmbitionBox Estimate)	₹8 L/yr - ₹21.2 L/yr

Last Updated: 29 Jan 2025

Companies similar to CLSA for Associate in Mumbai

CLSA Associate Salary

3 - 7 years exp. (6 salaries)

₹8 L/yr - ₹24 L/yr

Company name	Avg Annual Salary	Open Jobs
Morgan Stanley Associate Salary 0 - 11 years exp. (2.1k salaries)	₹5 L/yr - ₹21 L/yr 16% less	1 job opening
JPMorgan Chase & Co. Associate Salary 1 - 17 years exp. (3k salaries)	₹10 L/yr - ₹37.1 L/yr 69% more	55 job openings
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Bank of America Associate Salary 2 - 11 years exp. (54 salaries)	₹15.9 L/yr - ₹47.2 L/yr 87% more
UBS Associate Salary 1 - 10 years exp. (32 salaries)	₹6.7 L/yr - ₹19.3 L/yr 3% less
Nomura Holdings Associate Salary 4 - 14 years exp. (333 salaries)	₹11.2 L/yr - ₹41 L/yr 74% more	17 job openings
Deutsche Bank Associate Salary 2 - 15 years exp. (1k salaries)	₹9.9 L/yr - ₹33 L/yr 40% more	39 job openings
Barclays Associate Salary 2 - 8 years exp. (12 salaries)	₹7.2 L/yr - ₹23 L/yr 15% more
Bank of America Securities Associate Salary 8 - 11 years exp. (4 salaries)	₹27.5 L/yr - ₹40 L/yr 138% more

Associate salary at CLSA ranges between ₹8 Lakhs to ₹24 Lakhs per year for employees with experience between 3 years to 7 years. Salary estimates are based on 6 latest salaries received from various employees of CLSA.

Experience wise CLSA Associate salaries in Mumbai

Last Updated: 29 Jan 2025

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹6.4 L/yr - ₹17 L/yr
4 years (AmbitionBox Estimate)	₹11 L/yr - ₹24 L/yr
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5 years (AmbitionBox Estimate)	₹8 L/yr - ₹21.2 L/yr
6 years (AmbitionBox Estimate)	₹13.2 L/yr - ₹16.9 L/yr
7 years (AmbitionBox Estimate)	₹12 L/yr - ₹25.7 L/yr

Similar Designation salaries in CLSA

Analyst Salary

(9 salaries)

₹7.2 L/yr - ₹9.89 L/yr

Executive Assistant Salary

(3 salaries)

₹11.5 L/yr - ₹28 L/yr

Salary related reviews for CLSA

Senior Software Engineer in Pune

Full Time

Engineering - Software & QA Department

2.0

• posted on 03 Sep 2024

1.0

for Salary and Benefits

Likes

1. Flat heirarchy 2. Gets a exposure at how office politics work. 3. If in dev team you get good exposure of end to end working of an application. 4. In certain teams senior people are seriously talented.

Dislikes

1. Micro management regarding office timings and work. 2. No or marginable increment and bonus. 3. Too much office politics. 4. Higher management doesn't have any clue of the future of company . 5. Too much chinese influence in office workings. 6. Management doesn't want you to grow. 7. Legacy tech stack. 8. Luck based growth opportunities. 9. You can be fired at anytimes whenever chinese management decides to reduce headcount without any justification. 10. They start to count your mistakes and performance related issues only before increments and bonus. 11. Retirement company.

Salary - Bad

+3 more

Officer in Pune

Full Time

Finance & Accounting Department

1.0

• posted on 11 Oct 2023

3.0

for Salary and Benefits

Likes

The Salary is good. Timing are good Work is good

Dislikes

Overall Policies are Stringent and only changes when management wants it. 0 Support by HR infact are least intrested in emplyoees issues. Work life balance is pathetic and also nor manager support decisions. Overall it feels very sad to work here.

Skill development - Bad

+5 more

Support Analyst in Pune

Full Time

Application Support Department

5.0

• posted on 08 Jul 2022

4.0

for Salary and Benefits

Likes

Good pay Good work life balance Good bonus COVID hardship allowance was awesome For my team, manager is just not manager, but like a big brother, always there for you guiding and supporting Ample of learning Seniors are cooperative to educate you There are wide applications, if you seen interested you may get the ownership , Recognition even on small accomplishments, A+ company for learning the technology stack of investment banking

Salary - Good

+4 more

Dislikes

...us may have a role of overall company's financial results which is justified You may slightly find a disparity in pay/position but you may freely speak out to your manager over this

Security Engineering Lead in Pune

Full Time

IT & Information Security Department

2.0

• posted on 16 Jan 2025

1.0

for Salary and Benefits

Likes

Considering the small company. The individual has lot many things to make their hands dirty in many technology. Company sends hefty amount on procuring the products.

Skill development - Excellent

+1 more

Dislikes

They micromanage the working time and bad working culture which keeps everyone on swords edge when they will be show the door.

Salary - Bad

+4 more

Senior Banking Officer in Pune

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 23 Feb 2023

3.0

for Salary and Benefits

Likes

Work-Life Balance. Work from Home Option during an emergency. Scope to Learn how various departments function in Investment Banking Operations and Trade Settlements.

Job security - Excellent

+2 more

Dislikes

Notice Period is 3 months. Increments and Bonuses are not given at par as per industry standards. Senior Staff members who have given over 6 to 7 years in the company are sometimes not considered for Promotions, even when they are highly capable. Hence, the attrition rate is high.

see more salary related reviews

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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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CLSA Associate Salary FAQs

What is the salary of Associate at CLSA in Mumbai?

The average salary of a Associate at CLSA in Mumbai typically ranges from ₹8.0 Lakhs to ₹24.0 Lakhs per year, depending on experience (from 3 years to 7 years).

The top 10% of Associate in Mumbai at CLSA earn more than ₹23.7 Lakhs per year, and the top 1% earn over ₹24.0 Lakhs per year. Associate Salaries at CLSA 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 6 CLSA employees in India.

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

The estimated take-home salary of a Associate at CLSA in Mumbai typically ranges from ₹1,01,761 to ₹1,04,540 per month. This is based on the average salary range of ₹8.0 Lakhs to ₹24.0 Lakhs per year for employees with experience ranging from 3 years to 7 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 6 salaries received from various employees of CLSA. Check how we calculate in-hand salary with our in-hand salary calculator.

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

Bank of America Securities	₹27.5 Lakhs to ₹40.0 Lakhs per year
Bank of America	₹15.9 Lakhs to ₹47.2 Lakhs per year
Nomura Holdings	₹11.2 Lakhs to ₹41.0 Lakhs per year
JPMorgan Chase & Co.	₹10.0 Lakhs to ₹37.1 Lakhs per year
Deutsche Bank	₹9.9 Lakhs to ₹33.0 Lakhs per year

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

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

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

Barclays	₹7.2 Lakhs to ₹23.0 Lakhs per year
UBS	₹6.7 Lakhs to ₹19.3 Lakhs per year
Morgan Stanley	₹5.0 Lakhs to ₹21.0 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 CLSA in Mumbai?

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

Experience	Average Salary Range
3 years	₹6.4 Lakhs to ₹17.0 Lakhs per year
4 years	₹11.0 Lakhs to ₹24.0 Lakhs per year
5 years	₹8.0 Lakhs to ₹21.2 Lakhs per year
6 years	₹13.2 Lakhs to ₹16.9 Lakhs per year

and so on.

Tell us how to improve this page.

CLSA Associate salary in Mumbai ranges between ₹8 Lakhs to ₹24 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 CLSA latest salaries received from various employees of CLSA.