HDFC Securities Mumbai Equity Research Associate Salaries by 10+ Employees (Updated 2025)

0 - 5 years exp.

₹7.5 Lakhs - ₹29 Lakhs

Salary of majority employees

Fixed (79%)

₹14 Lakhs

Variable (21%)

₹3.7 Lakhs

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29% more than the average Equity Research Associate Salary for 0 - 5 years of experience

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Last Updated: 25 Jan 2025

Companies similar to HDFC Securities for Equity Research Associate in Mumbai

HDFC Securities Equity Research Associate Salary

0 - 5 years exp. (16 salaries)

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₹7.5 L/yr - ₹29 L/yr

Company name	Avg Annual Salary	Open Jobs
Kotak Securities Equity Research Associate Salary 0 - 2 years exp. (4 salaries)	Unlock ₹2.3 L/yr - ₹5.2 L/yr 79% less
ICICI Securities Equity Research Associate Salary 0 - 7 years exp. (15 salaries)	Unlock ₹6 L/yr - ₹20 L/yr 29% less
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Axis Direct Equity Research Associate Salary 1 - 2 years exp. (9 salaries)	Unlock ₹4 L/yr - ₹7.2 L/yr 62% less
Edelweiss Equity Research Associate Salary 0 - 4 years exp. (10 salaries)	Unlock ₹13 L/yr - ₹16 L/yr 18% less
Reliance Securities Equity Research Associate Salary 4 - 7 years exp. (4 salaries)	Unlock ₹8 L/yr - ₹9 L/yr 52% less
IIFL Securities Equity Research Associate Salary 0 - 4 years exp. (14 salaries)	Unlock ₹7.4 L/yr - ₹25 L/yr 12% less
Motilal Oswal Financial Services Equity Research Associate Salary 1 - 4 years exp. (8 salaries)	Unlock ₹6 L/yr - ₹14.3 L/yr 49% less
Crisil Equity Research Associate Salary 2 - 8 years exp. (4 salaries)	Unlock ₹12 L/yr - ₹25 L/yr At par	1 job opening
Karvy Stock Broking Equity Research Associate Salary 0 - 3 years exp. (3 salaries)	Unlock ₹4.3 L/yr - ₹4.7 L/yr 75% less

Equity Research Associate salary at HDFC Securities ranges between ₹7.5 Lakhs to ₹29 Lakhs per year for employees with less than 1 year of experience to 5 years. Salary estimates are based on 16 latest salaries received from various employees of HDFC Securities.

Latest annual salaries shared by HDFC Securities Equity Research Associate in Mumbai

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5 years exp.

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5 years exp.

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4 years exp.

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4 years exp.

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1 year exp.

Experience wise HDFC Securities Equity Research Associate salaries in Mumbai

Last Updated: 25 Jan 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	Unlock ₹7 L/yr - ₹25.1 L/yr
1 year (AmbitionBox Estimate)	Unlock ₹9 L/yr - ₹20 L/yr
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2 years (AmbitionBox Estimate)	Unlock ₹14 L/yr - ₹30.5 L/yr
3 years (5 salaries)	Unlock ₹8.5 L/yr - ₹24 L/yr
4 years (3 salaries)	Unlock ₹16.4 L/yr - ₹20 L/yr
5 years (4 salaries)	Unlock ₹12.9 L/yr - ₹29 L/yr

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Similar Designation salaries in HDFC Securities

Equity Dealer Salary

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₹1.6 L/yr - ₹4.3 L/yr

Equity Advisor Salary

(13 salaries)

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₹2.1 L/yr - ₹5.5 L/yr

Equity Research Analyst Salary

(11 salaries)

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₹7.77 L/yr - ₹29 L/yr

Research Associate Salary

(6 salaries)

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₹9 L/yr - ₹23 L/yr

Senior Research Analyst Salary

(4 salaries)

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₹10 L/yr - ₹24 L/yr

Equity Analyst Salary

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₹3 L/yr - ₹7.2 L/yr

Salary related reviews for HDFC Securities

Relationship Manager in Panipat

Full Time

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• posted on 28 May 2023

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Only job security if you have the potential to manage work load.

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No fix job timings No salary hike Company only wants revenue No working culture They only wants revenue generated machine in the face of employee.

Salary - Bad

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Relationship Manager in Shillong

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Great brand! The only other thing I liked about working here is the salary being credited on time.

Salary - Good

Dislikes

Oh dear, downsides are uncountable. The work pressure is over the top. The salary being credited is totally unjustified to the nature of the work being done. Constant pressurizing leaves one unmotivated to the core and only to feel like leaving the organization altogether. Rubbing salt into the wound, where I work the 'politics' and 'favoritism' is unbearable - toxic working environment. On top of that, lack of appreciation for target accomplishment and frequent stealing of individual performance credit. I don't mean to be too harsh, but I'm simply describing the exact ground reality. Sugar coating is just not my cup of tea. Leaving everything aside, I would personally, never work here again (nor will recommend), even if I were to be requested or even bribed - just not worth putting your mental health in a jeopardy. The brand is GREAT without a shadow of doubt, but the management is, unfortunately, absolutely abysmal.

Skill development - Bad

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Relationship Manager in Mumbai

Finance & Accounting Department

1.0

• posted on 08 Jun 2022

1.0

for Salary and Benefits

Likes

Worst culture, pathetic experience, no work life balance, Not sure whether it is broking company or insurance company, each and every fresh day you will start selling insurance to clients, If you want experience in Insurance industries Please join or else stay away from this job

Dislikes

Job timing, compensation, No work life balance, Job role, Insurance selling,

Salary - Bad

+6 more

Relationship Manager in Shillong

Other Department

2.0

• posted on 29 Jun 2022

4.0

for Salary and Benefits

Likes

Best part was salary on time.

Salary - Good

+1 more

Dislikes

Pathetic work culture, pressure on another level, worst team Leaders,favitism on its height, though it's a broking house but they more into insurance stuffs. Non-experience manager never head to help only comes with there own problems. There is a lot of politics. If this is the culture they keep on with the new joinees so i think career opportunities ain't much.

Promotions - Bad

+3 more

Relationship Manager in New Delhi

Stock Market Department

4.0

• posted on 07 Jun 2022

4.0

for Salary and Benefits

Likes

... learn in 6 months.. You will learn sales... Leave policy good.. Job security... Salary on time

Salary - Good

+3 more

Dislikes

Work life balance is not good... High target less salary

Work-life balance - Poor

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an associate vice president

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I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in... read more

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HDFC Securities Equity Research Associate Salary FAQs

What is the salary of Equity Research Associate at HDFC Securities Mumbai?

Equity Research Associate salary at HDFC Securities in Mumbai ranges between ₹7.5 Lakhs to ₹29.0 Lakhs for less than 1 year of experience to 5 years. According to our estimates it is 29% more than the average Equity Research Associate Salary in India. Salary estimates are based on 16 latest salaries received from various employees of HDFC Securities Mumbai.

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

The average salary of a Equity Research Associate at HDFC Securities is 29% more than the average salary of a Equity Research Associate in Mumbai. To know exact salary insights, login to view.

Which similar companies are paying more than HDFC Securities to a Equity Research Associate in Mumbai?

Crisil Equity Research Associate Salary - ₹12.0 Lakhs to ₹25.0 Lakhs per year

What is the salary of a Equity Research Associate in companies similar to HDFC Securities in Mumbai?

IIFL Securities Equity Research Associate Salary - ₹7.4 Lakhs to ₹25.0 Lakhs per year
Edelweiss Equity Research Associate Salary - ₹13.0 Lakhs to ₹16.0 Lakhs per year
ICICI Securities Equity Research Associate Salary - ₹6.0 Lakhs to ₹20.0 Lakhs per year
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

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

The estimated take-home salary of a Equity Research Associate at HDFC Securities ranges between ₹1,19,420 per month to ₹1,22,769 per month in Mumbai. The take-home salary calculation is based on the average HDFC Securities Equity Research Associate salary in India which ranges between ₹7.5 Lakhs to ₹29.0 Lakhs per year for employees with less than 1 year of experience to 5 years. Check how did we calculate take home salary?

What is the notice period for Equity Research Associate at HDFC Securities in Mumbai?

According to AmbitionBox, 100% of the HDFC Securities Equity Research Associates in Mumbai reported a notice period of 2 Months.This is based on 6 responses on AmbitionBox in last 2 years.

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HDFC Securities Equity Research Associate Salaries in Mumbai

HDFC Securities Equity Research Associate salary in Mumbai ranges between ₹7.5 Lakhs to ₹29 Lakhs with an average annual salary of ₹. Salary estimates are based on 16 HDFC Securities latest salaries received from various employees of HDFC Securities.