Elara Capital Mumbai Equity Research Associate Salaries by 20+ Employees (Updated 2025)

1 - 7 years exp.

₹8.4 Lakhs - ₹19 Lakhs

Salary of majority employees

7% less than the average Equity Research Associate Salary in Financial Services Companies for 1 - 7 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

BFSI, Investments & Trading Equity Research Associate Salary 2 - 4 years exp. (6 salaries)	₹10 L/yr - ₹16 L/yr
Finance & Accounting Equity Research Associate Salary 1 - 4 years exp. (5 salaries)	₹8.4 L/yr - ₹12 L/yr
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Strategic & Top Management Equity Research Associate Salary 4 - 5 years exp. (AmbitionBox Estimate)	₹11.5 L/yr - ₹13.5 L/yr

Last Updated: 25 Dec 2024

Companies similar to Elara Capital for Equity Research Associate in Mumbai

Elara Capital Equity Research Associate Salary

1 - 7 years exp. (20 salaries)

₹8.4 L/yr - ₹19 L/yr

Company name	Avg Annual Salary	Open Jobs
Edelweiss Equity Research Associate Salary 0 - 4 years exp. (10 salaries)	₹13 L/yr - ₹16 L/yr 14% more
Motilal Oswal Financial Services Equity Research Associate Salary 1 - 4 years exp. (8 salaries)	₹6 L/yr - ₹14.3 L/yr 29% less
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IIFL Finance Equity Research Associate Salary 0 - 4 years exp. (4 salaries)	₹12 L/yr - ₹20 L/yr 21% more
HDFC Securities Equity Research Associate Salary 0 - 6 years exp. (16 salaries)	₹7.5 L/yr - ₹29 L/yr 38% more
Kotak Securities Equity Research Associate Salary 0 - 2 years exp. (4 salaries)	₹2.3 L/yr - ₹5.2 L/yr 71% less
ICICI Securities Equity Research Associate Salary 0 - 7 years exp. (14 salaries)	₹7 L/yr - ₹20 L/yr 9% more
Axis Direct Equity Research Associate Salary 1 - 2 years exp. (9 salaries)	₹4 L/yr - ₹7.2 L/yr 47% less
Reliance Securities Equity Research Associate Salary 4 - 7 years exp. (4 salaries)	₹8 L/yr - ₹9 L/yr 34% less
IDBI Capital Equity Research Associate Salary 0 - 4 years exp. (16 salaries)	₹3.9 L/yr - ₹6.5 L/yr 57% less

Equity Research Associate salary at Elara Capital ranges between ₹8.4 Lakhs to ₹19 Lakhs per year for employees with experience between 1 year to 7 years. Salary estimates are based on 20 latest salaries received from various employees of Elara Capital.

Experience wise Elara Capital Equity Research Associate salaries in Mumbai

Last Updated: 25 Dec 2024

Experience	Avg Annual Salary
1 year (3 salaries)	₹9.5 L/yr - ₹21.7 L/yr
2 years (3 salaries)	₹11.5 L/yr - ₹16 L/yr
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3 years (6 salaries)	₹8.4 L/yr - ₹16 L/yr
4 years (5 salaries)	₹8.4 L/yr - ₹19 L/yr
5 years (AmbitionBox Estimate)	₹12 L/yr - ₹23.5 L/yr
6 years (AmbitionBox Estimate)	₹12 L/yr - ₹15.3 L/yr
7 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹15 L/yr

View all

Similar Designation salaries in Elara Capital

Research Associate Salary

(4 salaries)

₹7.5 L/yr - ₹16 L/yr

Equity Research Analyst Salary

(3 salaries)

₹12 L/yr - ₹23.65 L/yr

Top skills at Elara Capital for Equity Research Associate

Financial Modelling Equity Research data ICU Financial Research Equity Analysis Financial Modelling Equity Research Valuation

Salary related reviews for Elara Capital

2.0

Rated by 1 employees for salary & benefits

Equity Research Analyst in Mumbai

Full Time

Finance & Accounting Department

3.0

• posted on 17 Jan 2023

3.0

for Salary and Benefits

Likes

Very intrapreneurial culture. Good flexibility and platform to perform.

Company culture - Good

+1 more

Dislikes

Limited support by the promoters and senior management. A great franchise built over the last two decades but not able to leverage its network and relationships.

Skill development - Poor

+1 more

Institutional Equity Sales in Mumbai

Full Time

Finance & Accounting Department

4.0

• posted on 08 May 2022

3.0

for Salary and Benefits

Likes

Accomodative work culture with good platform to create a name for oneself. Well respected as a broking house in the industry.

Job security - Excellent

+4 more

Dislikes

The best performers compensation turns out to be only at par with the overall industry. Overall Payscale is atleast 20-25% below industry standard.

Senior Research Associate in Mumbai

research Department

1.0

• posted on 14 Mar 2018

1.0

for Salary and Benefits

Likes

Elara Capital is completely controlled by harendra kumar, if you are having good relations with him then its fine. for learning and growth one should not go for it.

Dislikes

Job Security, Appraisal, learning, management

Salary - Bad

+6 more

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AmbitionBox

New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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Elara Capital Equity Research Associate Salary FAQs

What is the salary of Equity Research Associate at Elara Capital Mumbai?

Equity Research Associate salary at Elara Capital in Mumbai ranges between ₹8.4 Lakhs to ₹19.0 Lakhs for experience between 1 years to 7 years. According to our estimates it is 7% less than the average Equity Research Associate Salary in India. Salary estimates are based on 20 latest salaries received from various employees of Elara Capital Mumbai.

How does the salary of a Equity Research Associate at Elara Capital Mumbai compare with the average salary range for this job?

The average salary of a Equity Research Associate at Elara Capital is 7% less than the average salary of a Equity Research Associate in Mumbai. To know exact salary insights, login to view.

What are the top skills required to work as a Equity Research Associate at Elara Capital?

Financial Modelling, Equity Research, data, ICU and Financial Research are some of the popular skills required to work as a Equity Research Associate at Elara Capital Mumbai.

Which similar companies are paying more than Elara Capital to a Equity Research Associate in Mumbai?

HDFC Securities Equity Research Associate Salary - ₹7.5 Lakhs to ₹29.0 Lakhs per year
IIFL Finance Equity Research Associate Salary - ₹12.0 Lakhs to ₹20.0 Lakhs per year
Edelweiss Equity Research Associate Salary - ₹13.0 Lakhs to ₹16.0 Lakhs per year
ICICI Securities Equity Research Associate Salary - ₹7.0 Lakhs to ₹20.0 Lakhs per year

What is the salary of a Equity Research Associate in companies similar to Elara Capital in Mumbai?

Motilal Oswal Financial Services Equity Research Associate Salary - ₹6.0 Lakhs to ₹14.3 Lakhs per year
Reliance Securities Equity Research Associate Salary - ₹8.0 Lakhs to ₹9.0 Lakhs per year
Axis Direct Equity Research Associate Salary - ₹4.0 Lakhs to ₹7.2 Lakhs per year
IDBI Capital Equity Research Associate Salary - ₹3.9 Lakhs to ₹6.5 Lakhs per year
Kotak Securities Equity Research Associate Salary - ₹2.3 Lakhs to ₹5.2 Lakhs per year

What is the estimated take home salary of a Equity Research Associate at Elara Capital in Mumbai?

The estimated take-home salary of a Equity Research Associate at Elara Capital ranges between ₹90,546 per month to ₹92,927 per month in Mumbai. The take-home salary calculation is based on the average Elara Capital Equity Research Associate salary in India which ranges between ₹8.4 Lakhs to ₹19.0 Lakhs per year for employees with experience between 1 years to 7 years. Check how did we calculate take home salary?

What is the notice period for Equity Research Associate at Elara Capital in Mumbai?

According to AmbitionBox, 80% of the Elara Capital Equity Research Associates in Mumbai reported a notice period of 3 Months, 10% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 10 responses on AmbitionBox in last 2 years.

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Elara Capital Equity Research Associate Salaries in Mumbai

Elara Capital Equity Research Associate salary in Mumbai ranges between ₹8.4 Lakhs to ₹19 Lakhs with an average annual salary of ₹. Salary estimates are based on 20 Elara Capital latest salaries received from various employees of Elara Capital.