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

0 - 5 years exp.

₹7 Lakhs - ₹29 Lakhs

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakhs

Monthly In-hand Salary

28% 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

Company name	Avg Annual Salary	Open Jobs
Crisil Equity Research Associate Salary 1 - 8 years exp. (6 salaries)	₹5.8 L/yr - ₹25 L/yr 16% less
JPMorgan Chase & Co. Equity Research Associate Salary 3 - 6 years exp. (39 salaries)	₹22 L/yr - ₹49 L/yr 140% more	3 job openings
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Zacks Research Equity Research Associate Salary 0 - 3 years exp. (29 salaries)	₹2 L/yr - ₹5 L/yr 75% less
Evalueserve Equity Research Associate Salary 0 - 3 years exp. (26 salaries)	₹7 L/yr - ₹11.1 L/yr 43% less
Elara Capital Equity Research Associate Salary 1 - 7 years exp. (21 salaries)	₹8.4 L/yr - ₹19 L/yr 23% less

Equity Research Associate salary at HDFC Securities ranges between ₹7 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.

Experience wise HDFC Securities Equity Research Associate salaries

Last Updated: 25 Jan 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹7 L/yr - ₹23.4 L/yr
1 year (AmbitionBox Estimate)	₹9 L/yr - ₹20 L/yr
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2 years (AmbitionBox Estimate)	₹14 L/yr - ₹28.8 L/yr
3 years (5 salaries)	₹8.5 L/yr - ₹24 L/yr
4 years (3 salaries)	₹16.4 L/yr - ₹20 L/yr
5 years (4 salaries)	₹12.9 L/yr - ₹29 L/yr

View all

Similar Designation salaries in HDFC Securities

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(6 salaries)

₹9 L/yr - ₹23 L/yr

Equity Research Analyst Salary

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₹6.36 L/yr - ₹25.5 L/yr

Senior Research Analyst Salary

(4 salaries)

₹10 L/yr - ₹24 L/yr

Research Analyst Salary

(7 salaries)

₹5 L/yr - ₹13 L/yr

Equity Analyst Salary

(5 salaries)

₹3 L/yr - ₹7.2 L/yr

Equity Dealer Salary

(73 salaries)

₹1.5 L/yr - ₹4.5 L/yr

Equity Advisor Salary

(15 salaries)

₹2.1 L/yr - ₹6.5 L/yr

Investment Analyst Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Financial Analyst Salary

(6 salaries)

₹2.08 L/yr - ₹4.5 L/yr

Senior Analyst Salary

(AmbitionBox Estimate)

₹3.8 L/yr - ₹4.8 L/yr

Salary related reviews for HDFC Securities

Relationship Manager in Panipat

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 28 May 2023

1.0

for Salary and Benefits

Likes

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

Dislikes

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

+5 more

Relationship Manager in Shillong

Full Time

Stock Market Department

2.0

• posted on 22 Apr 2023

4.0

for Salary and Benefits

Likes

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

+5 more

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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Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

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HDFC Securities Equity Research Associate Salary FAQs

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

The average salary of a Equity Research Associate at HDFC Securities in India typically ranges from ₹7.0 Lakhs to ₹29.0 Lakhs per year, depending on experience (from Fresher to 5 years).

The top 10% of Equity Research Associate at HDFC Securities earn more than ₹28.5 Lakhs per year, and the top 1% earn over ₹29.0 Lakhs per year. Equity Research Associate Salaries at HDFC Securities 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 10+ HDFC Securities employees in India.

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

The estimated take-home salary of a Equity Research Associate at HDFC Securities in India typically ranges from ₹1,13,926 to ₹1,17,097 per month. This is based on the average salary range of ₹7.0 Lakhs to ₹29.0 Lakhs per year for employees with experience ranging from Fresher 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 10+ salaries received from various employees of HDFC Securities. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than HDFC Securities for Equity Research Associate in India?

JPMorgan Chase & Co.

₹22.0 Lakhs to ₹49.0 Lakhs per year

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

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

The salary of a Equity Research Associate at companies similar to HDFC Securities in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Crisil	₹5.8 Lakhs to ₹25.0 Lakhs per year
Elara Capital	₹8.4 Lakhs to ₹19.0 Lakhs per year
Evalueserve	₹7.0 Lakhs to ₹11.1 Lakhs per year
Zacks Research	₹2.0 Lakhs to ₹5.0 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 Equity Research Associate at HDFC Securities in India?

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

Experience	Average Salary Range
Fresher	₹7.0 Lakhs to ₹23.4 Lakhs per year
1 year	₹9.0 Lakhs to ₹20.0 Lakhs per year
2 years	₹14.0 Lakhs to ₹28.8 Lakhs per year
3 years	₹8.5 Lakhs to ₹24.0 Lakhs per year

and so on.

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HDFC Securities Equity Research Associate Salaries

HDFC Securities Equity Research Associate salary in India ranges between ₹7 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.