Elara Capital Institutional Equity Research Associate Salaries by 4 Employees (Updated 2025)

3 - 5 years exp.

₹8.2 Lakhs - ₹15 Lakhs

Low Confidence

Salary of majority employees

10% more than the average Institutional Equity Research Associate Salary in Financial Services Companies for 3 - 5 years of experience

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Salaries in different departments

Finance & Accounting Institutional Equity Research Associate Salary 4 - 5 years exp. (AmbitionBox Estimate)	₹7.4 L/yr - ₹9 L/yr
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BFSI, Investments & Trading Institutional Equity Research Associate Salary 3 years exp. (AmbitionBox Estimate)	₹12.2 L/yr - ₹14.9 L/yr

Last Updated: 5 Mar 2025

Companies similar to Elara Capital for Institutional Equity Research Associate

Company name	Avg Annual Salary	Open Jobs
Systematix Shares & Stocks Institutional Equity Research Associate Salary 0 - 1 year exp. (3 salaries)	₹8 L/yr - ₹15.2 L/yr 1% more

Institutional Equity Research Associate salary at Elara Capital ranges between ₹8.2 Lakhs to ₹15 Lakhs per year for employees with experience between 3 years to 5 years. Salary estimates are based on 4 latest salaries received from various employees of Elara Capital.

Experience wise Elara Capital Institutional Equity Research Associate salaries

Last Updated: 5 Mar 2025

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹12.7 L/yr - ₹16.3 L/yr
4 years (AmbitionBox Estimate)	₹9.7 L/yr - ₹12.4 L/yr
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5 years (AmbitionBox Estimate)	₹7.4 L/yr - ₹9.4 L/yr

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Salary related reviews for Elara Capital

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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Elara Capital Institutional Equity Research Associate Salary FAQs

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

The average salary of a Institutional Equity Research Associate at Elara Capital in India typically ranges from ₹8.2 Lakhs to ₹15.0 Lakhs per year, depending on experience (from 3 years to 5 years).

The top 10% of Institutional Equity Research Associate at Elara Capital earn more than ₹15.0 Lakhs per year, and the top 1% earn over ₹15.0 Lakhs per year. Institutional Equity Research Associate Salaries at Elara Capital 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 4 Elara Capital employees in India.

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

The estimated take-home salary of a Institutional Equity Research Associate at Elara Capital in India typically ranges from ₹79,065 to ₹81,121 per month. This is based on the average salary range of ₹8.2 Lakhs to ₹15.0 Lakhs per year for employees with experience ranging from 3 years to 5 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 4 salaries received from various employees of Elara Capital. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Elara Capital for Institutional Equity Research Associate in India?

Systematix Shares & Stocks

₹8.0 Lakhs to ₹15.2 Lakhs per year

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

How the salary growth look like for a Institutional Equity Research Associate at Elara Capital in India?

The salary growth for a Institutional Equity Research Associate at Elara Capital depends on factors such as experience, performance, and promotions. On average, a Institutional Equity Research Associate can expect the following growth trajectory at Elara Capital:

Experience	Average Salary Range
3 years	₹12.7 Lakhs to ₹16.3 Lakhs per year
4 years	₹9.7 Lakhs to ₹12.4 Lakhs per year
5 years	₹7.4 Lakhs to ₹9.4 Lakhs per year

and so on.

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Elara Capital Institutional Equity Research Associate Salaries

Elara Capital Institutional Equity Research Associate salary in India ranges between ₹8.2 Lakhs to ₹15 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Elara Capital latest salaries received from various employees of Elara Capital.