Goldman Sachs Mumbai Senior Associate Salaries by 4 Employees (Updated 2025)

4 - 8 years exp.

₹12.2 Lakhs - ₹25.5 Lakhs

Salary of majority employees

Fixed (88%)

₹18 Lakhs

Variable (12%)

₹2.4 Lakhs

95% more than the average Senior Associate Salary in Financial Services Companies for 4 - 8 years of experience

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Salaries in different departments

Customer Success, Service & Operations Senior Associate Salary 8 years exp. (AmbitionBox Estimate)	₹20.1 L/yr - ₹24 L/yr
Finance & Accounting Senior Associate Salary 6 years exp. (AmbitionBox Estimate)	₹12.2 L/yr - ₹20.4 L/yr
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Risk Management & Compliance Senior Associate Salary 8 years exp. (AmbitionBox Estimate)	₹20.2 L/yr - ₹25.5 L/yr

Last Updated: 14 Mar 2025

Companies similar to Goldman Sachs for Senior Associate in Mumbai

Goldman Sachs Senior Associate Salary

4 - 8 years exp. (4 salaries)

₹12.2 L/yr - ₹25.5 L/yr

Company name	Avg Annual Salary	Open Jobs
SS&C TECHNOLOGIES Senior Associate Salary 0 - 8 years exp. (2.2k salaries)	₹2.4 L/yr - ₹10 L/yr 68% less	8 job openings
WNS Senior Associate Salary 0 - 9 years exp. (1.5k salaries)	₹1.5 L/yr - ₹7.5 L/yr 79% less	12 job openings
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Willis Towers Watson Senior Associate Salary 3 - 12 years exp. (365 salaries)	₹3 L/yr - ₹9.5 L/yr 71% less
Atos Senior Associate Salary 2 - 7 years exp. (132 salaries)	₹1.8 L/yr - ₹7 L/yr 80% less	1 job opening
BCG Senior Associate Salary 0 - 6 years exp. (105 salaries)	₹24 L/yr - ₹49 L/yr 95% more
Synechron Senior Associate Salary 4 - 9 years exp. (53 salaries)	₹7.7 L/yr - ₹26.4 L/yr 9% less	1 job opening
State Street Bank Senior Associate Salary 2 - 9 years exp. (35 salaries)	₹3.9 L/yr - ₹9.5 L/yr 75% less
Deutsche Bank Senior Associate Salary 4 - 10 years exp. (24 salaries)	₹8 L/yr - ₹27 L/yr 10% less
Blackrock Senior Associate Salary 6 - 13 years exp. (16 salaries)	₹11.3 L/yr - ₹32.5 L/yr 5% less
Gallagher Senior Associate Salary 3 - 8 years exp. (15 salaries)	₹4 L/yr - ₹8 L/yr 71% less
Thomson Reuters Senior Associate Salary 2 - 8 years exp. (8 salaries)	₹3.1 L/yr - ₹8 L/yr 75% less
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IQVIA Senior Associate Salary 3 - 9 years exp. (6 salaries)	₹3.2 L/yr - ₹10 L/yr 65% less
Standard Chartered Senior Associate Salary 4 - 8 years exp. (5 salaries)	₹5 L/yr - ₹7.6 L/yr 70% less
Bank of America Senior Associate Salary 3 - 7 years exp. (3 salaries)	₹4.5 L/yr - ₹5.2 L/yr 77% less

Senior Associate salary at Goldman Sachs ranges between ₹12.2 Lakhs to ₹25.5 Lakhs per year for employees with experience between 4 years to 8 years. Salary estimates are based on 4 latest salaries received from various employees of Goldman Sachs.

Experience wise Goldman Sachs Senior Associate salaries in Mumbai

Last Updated: 14 Mar 2025

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹18.1 L/yr - ₹23.1 L/yr
5 years (AmbitionBox Estimate)	₹18.2 L/yr - ₹23.2 L/yr
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6 years (AmbitionBox Estimate)	₹18.3 L/yr - ₹23.4 L/yr
7 years (AmbitionBox Estimate)	₹18.4 L/yr - ₹23.5 L/yr
8 years (AmbitionBox Estimate)	₹18.5 L/yr - ₹23.6 L/yr

From

Senior Associate

4 - 9 years exp.

Vice President

4 - 18 years exp.

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.

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₹3.8 L/yr - ₹6.32 L/yr

Top skills at Goldman Sachs for Senior Associate

Risk Management Investment Banking Software Asset Management Wealth Management Investment Management Analytical Chemistry HTML Relationship Management Anti Money Laundering Financial Due Diligence Collateral Management Operations Fixed Income Swaps Money Market

Salary related reviews for Goldman Sachs

Senior Associate in Hyderabad / Secunderabad

Full Time

Risk Management & Compliance Department

2.0

• posted on 14 Feb 2025

5.0

for Salary and Benefits

Likes

...S makes you feel like you’re staying 5 star hotel very supportive staff members. Gym reimbursement Bonus Insurance etc

Salary - Excellent

+1 more

Dislikes

Toxic work culture Promotion is based on favouritism of Team manager. Floor is divided in two parts Bangalore and Hyderabad. Bangalore people who are staying in Hyderabad yet hate Telangana people. Lot of micro management.

Job security - Poor

+4 more

Associate Software Engineer in Bangalore / Bengaluru

Full Time

Engineering - Software & QA Department

1.0

• posted on 08 Sep 2024

1.0

for Salary and Benefits

Likes

Nothing worth mentioning

Dislikes

Poor compensation, they won't give any hike upon promotions as well No benefits to junior employees, leadership takes all the money and benefits Mandatory work from office policy Leadership will try to justify their decision choices even if they are not logical Work quality is mediocre Long work hours

Salary - Bad

+5 more

Senior Software Developer in Bangalore / Bengaluru

Full Time

Engineering - Software & QA Department

1.0

• posted on 15 Feb 2023

4.0

for Salary and Benefits

Likes

if you are only concerned about package then GS pays off good fortune, but for work ethics, learning, work life balance and work satisfactions it is a disappointment. lots and lots of internal politics no well defined structure of work, its all about working in a fashion to get in eyes of upper management, no matter you actually work or not. Also, no job security, your performance does not matter when it comes to retaining, its all about how highly you are paid.

Salary - Good

Dislikes

politics, bios-ness, no structure of work , restriction of growth.

Skill development - Bad

+4 more

Software Developer in Bangalore / Bengaluru

Engineering - Software & QA Department

5.0

• posted on 23 Mar 2022

3.0

for Salary and Benefits

Likes

Everything about Goldman is amazing!

Skill development - Excellent

+5 more

Dislikes

The differentiation that they have in their compensation between Tier 1 and Tier 2 colleges. It’s maintained even after joining and in promotions. Tier1 get better bonuses simply because they are from a Tier1 college.

Liquidity Analyst in Bangalore / Bengaluru

Full Time

Risk Management & Compliance Department

4.0

• posted on 22 Nov 2023

3.0

for Salary and Benefits

Likes

Goldman Sachs offers a very conducive work environment and will help any individual build a strong professional network of smart and highly thoughtful people. As for job security, there was recently a round of layoffs in the Bengaluru and Hyderabad offices, but the Risk division remained largely unimpacted by it, as this is a more federation mid/back office role.

Job security - Excellent

+2 more

Dislikes

The compensation is not very competitive anymore. Gone are the days (roughly 5 years ago or older) when Goldman Sachs was ranked among the top paymasters in IITs and other engineering colleges. This can also be felt in how the firm treats its employees, they are aggressively looking to cut costs with perks and other basic office facilities. Work at Goldman Sachs can also be very monotonous in that daily deliverables are simply regulatory reports that are submitted daily, with only the data being refreshed every day. Not too relevant to the analytics & reporting roles, but Goldman Sachs has often been criticized for the age-old tech stacks and infrastructure in place, which hindered progress many times. As others have opined, do agree with the statement that promotions do not hold a lot of value at Goldman Sachs.

Skill development - Poor

+1 more

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What people are saying about Goldman Sachs

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a software engineer

2d (edited)

Looking for Support in Getting Referral and My Resume Shortlisted

Hello everyone, For the past two months, I’ve been actively applying for SDE and Data Engineer roles at companies like Goldman Sachs, JPMorgan, American Express, MasterCard, Morgan Stanley, BNY Mellon, CITCO, and several others. Despite regularly updating my resume, practicing on LeetCode, and staying consistent with my efforts, I haven’t received any callbacks from recruiters. If any of you could assist me with a referral to the companies mentioned above, it would be incredibly helpful. I am confident in my ability to excel in the interview process, but I would greatly appreciate your support in getting my resume shortlisted. I am open to all roles involving technology, particularly those related to Python, Java, and their respective frameworks.

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Goldman Sachs Senior Associate Salary FAQs

What is the salary of Senior Associate at Goldman Sachs in Mumbai?

The average salary of a Senior Associate at Goldman Sachs in Mumbai typically ranges from ₹12.2 Lakhs to ₹25.5 Lakhs per year, depending on experience (from 4 years to 8 years).

The top 10% of Senior Associate in Mumbai at Goldman Sachs earn more than ₹25.5 Lakhs per year, and the top 1% earn over ₹25.5 Lakhs per year. Senior Associate Salaries at Goldman Sachs 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 Goldman Sachs employees in India.

What is the estimated take home salary of a Senior Associate at Goldman Sachs in Mumbai?

The estimated take-home salary of a Senior Associate at Goldman Sachs in Mumbai typically ranges from ₹1,33,658 to ₹1,38,565 per month. This is based on the average salary range of ₹12.2 Lakhs to ₹25.5 Lakhs per year for employees with experience ranging from 4 years to 8 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 Goldman Sachs. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Senior Associate at Goldman Sachs in Mumbai?

To be a Senior Associate at Goldman Sachs in Mumbai, the key skills required include:

- Risk Management
- Investment Banking
- Software Asset Management
- Wealth Management
- Investment Management

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

Which companies offer higher salaries than Goldman Sachs for Senior Associate in India?

BCG	₹24.0 Lakhs to ₹49.0 Lakhs per year

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

What is the salary of a Senior Associate in companies similar to Goldman Sachs in Mumbai?

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

Blackrock	₹11.3 Lakhs to ₹32.5 Lakhs per year
Synechron	₹7.7 Lakhs to ₹26.4 Lakhs per year
Deutsche Bank	₹8.0 Lakhs to ₹27.0 Lakhs per year
IQVIA	₹3.2 Lakhs to ₹10.0 Lakhs per year
SS&C TECHNOLOGIES	₹2.4 Lakhs to ₹10.0 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 Senior Associate at Goldman Sachs in Mumbai?

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

Experience	Average Salary Range
4 years	₹18.1 Lakhs to ₹23.1 Lakhs per year
5 years	₹18.2 Lakhs to ₹23.2 Lakhs per year
6 years	₹18.3 Lakhs to ₹23.4 Lakhs per year
7 years	₹18.4 Lakhs to ₹23.5 Lakhs per year

and so on.

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Goldman Sachs Senior Associate Salaries in Mumbai

Goldman Sachs Senior Associate salary in Mumbai ranges between ₹12.2 Lakhs to ₹25.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Goldman Sachs latest salaries received from various employees of Goldman Sachs.