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ICICI Securities Equity Research Associate salaries in Mumbai (Updated 2025)

Annual salary range
0 - 7 years exp.
₹6 Lakhs - ₹20 Lakhs
Salary of majority employees
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8% less than the average Equity Research Associate Salary in Financial Services Companies for 0 - 7 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Equity Research Associate Salary
1 - 7 years exp. (6 salaries)
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₹11 L/yr - ₹20 L/yr

Finance & Accounting
Equity Research Associate Salary
1 - 3 years exp. (3 salaries)
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₹7 L/yr - ₹14 L/yr

Last Updated: 5 Mar 2025

Companies similar to ICICI Securities for Equity Research Associate in Mumbai

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ICICI Securities Equity Research Associate Salary

0 - 7 years exp. (15 salaries)

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₹6 L/yr - ₹20 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹2.3 L/yr - ₹5.2 L/yr

arrow icon 70% less
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₹7.5 L/yr - ₹29 L/yr

arrow icon 41% more
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Axis Direct Equity Research Associate Salary

1 - 2 years exp. (9 salaries)

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₹4 L/yr - ₹7.2 L/yr

arrow icon 46% less
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Edelweiss Equity Research Associate Salary

0 - 4 years exp. (10 salaries)

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₹13 L/yr - ₹16 L/yr

arrow icon 16% more
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₹6 L/yr - ₹14.3 L/yr

arrow icon 28% less
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₹6 L/yr - ₹50 L/yr

arrow icon 130% more
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UBS Equity Research Associate Salary

2 - 4 years exp. (4 salaries)

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₹10.5 L/yr - ₹72 L/yr

arrow icon 147% more
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₹8 L/yr - ₹9 L/yr

arrow icon 32% less
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₹4.3 L/yr - ₹4.7 L/yr

arrow icon 64% less
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BNP Paribas Equity Research Associate Salary

4 - 5 years exp. (3 salaries)

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₹12 L/yr - ₹24 L/yr

arrow icon 59% more
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HSBC Group Equity Research Associate Salary

5 - 9 years exp. (3 salaries)

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₹21 L/yr - ₹40.3 L/yr

arrow icon 132% more

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Equity Research Associate salary at ICICI Securities ranges between ₹6 Lakhs to ₹20 Lakhs per year for employees with less than 1 year of experience to 7 years. Salary estimates are based on 15 latest salaries received from various employees of ICICI Securities.

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

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Experience wise ICICI Securities Equity Research Associate salaries in Mumbai

Last Updated: 5 Mar 2025

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹3.9 L/yr - ₹17 L/yr
1 year  (5 salaries)

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₹6 L/yr - ₹11 L/yr
2 years (AmbitionBox Estimate)

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₹7 L/yr - ₹14 L/yr
3 years  (3 salaries)

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₹4.9 L/yr - ₹20 L/yr
4 years  (3 salaries)

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₹5.2 L/yr - ₹17 L/yr
View all

Similar Designation salaries in ICICI Securities

Equity Advisor Salary
(69 salaries)
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₹3 L/yr - ₹8.5 L/yr
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₹10.4 L/yr - ₹37 L/yr
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₹6.8 L/yr - ₹24.55 L/yr
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₹7 L/yr - ₹18 L/yr
Equity Dealer Salary
(5 salaries)
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₹3.8 L/yr - ₹6.5 L/yr
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₹14.5 L/yr - ₹17.3 L/yr
Equity Analyst Salary
(3 salaries)
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₹2.9 L/yr - ₹5.15 L/yr

Salary related reviews for ICICI Securities

2.0

Rated by 1 employees for salary & benefits

Full Time

 · 

Customer Success, Service & Operations Department

3.0
  •  posted on 06 Jun 2023

3.0
 for  Salary and Benefits

Likes

... work will be appreciated so you will get support, appreciation from the senior and also the hike & bonus accordingly.

read more
  • Job security - Good

Dislikes

Working in OAG department is complete customer service profile having no learning. The work can be done by 12th pass person having basic knowledge of stock market.

read more
  • Work satisfaction - Poor
  • +1 more

BFSI, Investments & Trading Department

4.0
  •  posted on 16 Jun 2021

4.0
 for  Salary and Benefits

Likes

... You will get good colleagues. Job security is not an issue if you perform well. Salary is credited on time and annual bonus is decent.

read more
  • Salary - Good
  • +3 more

Dislikes

Too much calling on landline phone. High targets which can be stressful. Difficult to achieve proper work life balance. I would work on Saturday's too.

read more
  • Work-life balance - Poor

Sales Department

2.0
  •  posted on 14 Jun 2021

2.0
 for  Salary and Benefits

Likes

... pays less but there's at least mental peace to an extent and work life balance. The only good thing at ICICI Securities is salary for freshers.

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Dislikes

The culture and the bosses. Everyone cares about sales here. If you don't do sales, don't achieve targets then they would treat you like sh"t and take out your work life balance because you will be made to work for like 12 hours a day. Nobody cares except sales in this company.

read more
  • Salary - Poor
  • +6 more

Online Sales Department

2.0
  •  posted on 23 Feb 2022

3.0
 for  Salary and Benefits

Likes

Company policies are good, appraisals are fair.

  • Skill development - Good

Dislikes

So much pressure created by team leader, never appreciate for work, they don't give good salary hike. No job Stability . Top management didn't know about ground level. Revised target every quarter this creates so much pressure. No palace to chill, no leaves allowed

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  • Job security - Poor
  • +2 more

Full Time

 · 

BFSI, Investments & Trading Department

5.0
  •  posted on 06 Aug 2024

5.0
 for  Salary and Benefits

Likes

...nings and growth to the Securities Market as well as in my Career Opportunities. The benefits and compensation, HR policies were also good which helped me to become financially independent person. Thank you ICICI Securities for giving me all this and I would love to be the part of this organisation again!

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  • Salary - Excellent
  • +6 more

Dislikes

At times it was hard to handle the excessive pressure but was manageable. Also, to take leaves was really a tough job when it is genuinely needed and you have leave balance left.

read more
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ICICI Securities Equity Research Associate Salary FAQs

What is the salary of Equity Research Associate at ICICI Securities Mumbai?
Equity Research Associate salary at ICICI Securities in Mumbai ranges between ₹6.0 Lakhs to ₹20.0 Lakhs for less than 1 year of experience to 7 years. According to our estimates it is 8% less than the average Equity Research Associate Salary in India. Salary estimates are based on 15 latest salaries received from various employees of ICICI Securities Mumbai.
How does the salary of a Equity Research Associate at ICICI Securities Mumbai compare with the average salary range for this job?
The average salary of a Equity Research Associate at ICICI Securities is 8% less 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 ICICI Securities to a Equity Research Associate in Mumbai?
  • UBS Equity Research Associate Salary - ₹10.5 Lakhs to ₹72.0 Lakhs per year
  • HSBC Group Equity Research Associate Salary - ₹21.0 Lakhs to ₹40.3 Lakhs per year
  • Morgan Stanley Equity Research Associate Salary - ₹6.0 Lakhs to ₹50.0 Lakhs per year
  • BNP Paribas Equity Research Associate Salary - ₹12.0 Lakhs to ₹24.0 Lakhs per year
  • HDFC Securities Equity Research Associate Salary - ₹7.5 Lakhs to ₹29.0 Lakhs per year
What is the salary of a Equity Research Associate in companies similar to ICICI Securities in Mumbai?
  • Edelweiss Equity Research Associate Salary - ₹13.0 Lakhs to ₹16.0 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
  • Axis Direct Equity Research Associate Salary - ₹4.0 Lakhs to ₹7.2 Lakhs per year
  • Karvy Stock Broking Equity Research Associate Salary - ₹4.3 Lakhs to ₹4.7 Lakhs per year
What is the estimated take home salary of a Equity Research Associate at ICICI Securities in Mumbai?
The estimated take-home salary of a Equity Research Associate at ICICI Securities ranges between ₹89,138 per month to ₹91,479 per month in Mumbai. The take-home salary calculation is based on the average ICICI Securities Equity Research Associate salary in India which ranges between ₹6.0 Lakhs to ₹20.0 Lakhs per year for employees with less than 1 year of experience to 7 years. Check how did we calculate take home salary?
What is the notice period for Equity Research Associate at ICICI Securities in Mumbai?
According to AmbitionBox, 75% of the ICICI Securities Equity Research Associates in Mumbai reported a notice period of 3 Months, 25% reported a notice period of 2 Months.This is based on 8 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

ICICI Securities Equity Research Associate salary in Mumbai ranges between ₹6 Lakhs to ₹20 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 15 ICICI Securities latest salaries received from various employees of ICICI Securities.