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

0 - 7 years exp.

₹6 Lakhs - ₹20 Lakhs

Avg. annual salary

Monthly In-hand Salary

11% 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)	₹11 L/yr - ₹20 L/yr
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Finance & Accounting Equity Research Associate Salary 1 - 3 years exp. (3 salaries)	₹7 L/yr - ₹14 L/yr

Last Updated: 5 Mar 2025

Companies similar to ICICI Securities for Equity Research Associate in Mumbai

ICICI Securities Equity Research Associate Salary

0 - 7 years exp. (15 salaries)

₹6 L/yr - ₹20 L/yr

Company name	Avg Annual Salary	Open Jobs
Motilal Oswal Financial Services Equity Research Associate Salary 1 - 4 years exp. (8 salaries)	₹6 L/yr - ₹14.3 L/yr 28% less
Motilal Oswal Equity Research Associate Salary 0 - 3 years exp. (8 salaries)	₹6 L/yr - ₹10 L/yr 47% less
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Morgan Stanley Equity Research Associate Salary 0 - 7 years exp. (5 salaries)	₹6 L/yr - ₹50 L/yr 130% more
Kotak Securities Equity Research Associate Salary 0 - 2 years exp. (4 salaries)	₹2.3 L/yr - ₹5.2 L/yr 70% less
UBS Equity Research Associate Salary 2 - 4 years exp. (4 salaries)	₹10.5 L/yr - ₹72 L/yr 147% more
BNP Paribas Equity Research Associate Salary 4 - 5 years exp. (3 salaries)	₹12 L/yr - ₹24 L/yr 59% more
HSBC Group Equity Research Associate Salary 5 - 9 years exp. (3 salaries)	₹21 L/yr - ₹34.4 L/yr 119% more

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.

Experience wise ICICI Securities Equity Research Associate salaries in Mumbai

Last Updated: 5 Mar 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹8.8 L/yr - ₹11.3 L/yr
1 year (5 salaries)	₹6 L/yr - ₹11 L/yr
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2 years (AmbitionBox Estimate)	₹10.3 L/yr - ₹13.1 L/yr
3 years (3 salaries)	₹4.9 L/yr - ₹20 L/yr
4 years (3 salaries)	₹5.2 L/yr - ₹17 L/yr
5 years (AmbitionBox Estimate)	₹12.4 L/yr - ₹15.8 L/yr
6 years (AmbitionBox Estimate)	₹13.1 L/yr - ₹16.7 L/yr
7 years (AmbitionBox Estimate)	₹13.8 L/yr - ₹17.6 L/yr

View all

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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

Equity Advisor in New Delhi

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.

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.

Work satisfaction - Poor

+1 more

Equity Advisor in Pune

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.

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.

Work-life balance - Poor

Relationship Manager in Mumbai

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.

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.

Salary - Poor

+6 more

Equity Advisor in Tagore Garden Delhi

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

Job security - Poor

+2 more

AVP in Bangalore / Bengaluru

Full Time

Engineering - Software & QA Department

2.0

• posted on 29 Nov 2024

4.0

for Salary and Benefits

Likes

-compensation -work/life balance

Salary - Good

+2 more

Dislikes

-people and culture. still working in era of 5 day week with people having pseudo seniority complex. - no infra for newer tech. still stuck in ProC and Oracle. Microservice is an alien concept here

Skill development - Bad

+3 more

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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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ICICI Securities Equity Research Associate Salary FAQs

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

The average salary of a Equity Research Associate at ICICI Securities in Mumbai typically ranges from ₹6.0 Lakhs to ₹20.0 Lakhs per year, depending on experience (from Fresher to 7 years).

The top 10% of Equity Research Associate in Mumbai at ICICI Securities earn more than ₹20.0 Lakhs per year, and the top 1% earn over ₹20.0 Lakhs per year. Equity Research Associate Salaries at ICICI 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+ ICICI Securities employees in India.

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 in Mumbai typically ranges from ₹89,138 to ₹91,479 per month. This is based on the average salary range of ₹6.0 Lakhs to ₹20.0 Lakhs per year for employees with experience ranging from Fresher to 7 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 ICICI Securities. Check how we calculate in-hand salary with our in-hand salary calculator.

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

UBS	₹10.5 Lakhs to ₹72.0 Lakhs per year
Morgan Stanley	₹6.0 Lakhs to ₹50.0 Lakhs per year
HSBC Group	₹21.0 Lakhs to ₹34.4 Lakhs per year
BNP Paribas	₹12.0 Lakhs to ₹24.0 Lakhs per year

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

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

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

Motilal Oswal Financial Services	₹6.0 Lakhs to ₹14.3 Lakhs per year
Motilal Oswal	₹6.0 Lakhs to ₹10.0 Lakhs per year
Kotak Securities	₹2.3 Lakhs to ₹5.2 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 ICICI Securities in Mumbai?

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

Experience	Average Salary Range
Fresher	₹8.8 Lakhs to ₹11.3 Lakhs per year
1 year	₹6.0 Lakhs to ₹11.0 Lakhs per year
2 years	₹10.3 Lakhs to ₹13.1 Lakhs per year
3 years	₹4.9 Lakhs to ₹20.0 Lakhs per year

and so on.

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ICICI Securities Equity Research Associate Salaries in Mumbai

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