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ICRA Associate salaries in India (Updated 2025)

Annual salary range
0 - 10 years exp.
₹2.1 Lakhs - ₹5 Lakhs
Salary of majority employees
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57% less than the average Associate Salary in Financial Services Companies for 0 - 10 years of experience

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Salaries in different departments

Finance & Accounting
Associate Salary
0 - 9 years exp. (10 salaries)
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₹2.1 L/yr - ₹5 L/yr

Data Science & Analytics
Associate Salary
1 - 6 years exp. (3 salaries)
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₹2.4 L/yr - ₹3.6 L/yr

Customer Success, Service & Operations
Associate Salary
3 - 10 years exp. (AmbitionBox Estimate)
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₹2.2 L/yr - ₹3.6 L/yr

Last Updated: 12 Mar 2025

Companies similar to ICRA for Associate

Company name Avg Annual Salary Open Jobs
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JPMorgan Chase & Co. Associate Salary

1 - 17 years exp. (10.2k salaries)

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₹10 L/yr - ₹43.1 L/yr

arrow icon 639% more
58 job openings
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Wells Fargo Associate Salary

0 - 9 years exp. (291 salaries)

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₹2.7 L/yr - ₹13 L/yr

arrow icon 136% more
3 job openings
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Bajaj Finserv Associate Salary

0 - 5 years exp. (46 salaries)

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₹1.2 L/yr - ₹5 L/yr

arrow icon 16% less
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DataTracks Associate Salary

0 - 3 years exp. (20 salaries)

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₹1.5 L/yr - ₹2.2 L/yr

arrow icon 42% less
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ICE Data Services Associate Salary

1 - 6 years exp. (9 salaries)

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₹4.5 L/yr - ₹8.2 L/yr

arrow icon 122% more
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₹6.9 L/yr - ₹24 L/yr

arrow icon 424% more
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Marwadi Shares & Finance Associate Salary

3 - 5 years exp. (5 salaries)

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₹4.8 L/yr - ₹18 L/yr

arrow icon 264% more
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Axis Mutual Fund Associate Salary

0 - 9 years exp. (4 salaries)

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₹2.4 L/yr - ₹4.2 L/yr

arrow icon 1% less
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LKP Securities Associate Salary

1 - 4 years exp. (4 salaries)

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₹4.9 L/yr - ₹14 L/yr

arrow icon 188% more
1 job opening
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5paisa Capital Ltd. Associate Salary

1 - 7 years exp. (4 salaries)

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₹2.1 L/yr - ₹3 L/yr

arrow icon 22% less
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₹1.8 L/yr - ₹5.5 L/yr

arrow icon 9% more
Associate salary at ICRA ranges between ₹2.1 Lakhs to ₹5 Lakhs per year for employees with less than 1 year of experience to 10 years. Salary estimates are based on 15 latest salaries received from various employees of ICRA.

Latest annual salaries shared by ICRA Associate

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Experience wise ICRA Associate salaries

Last Updated: 12 Mar 2025

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹1.5 L/yr - ₹5 L/yr
1 year (AmbitionBox Estimate)

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₹2.3 L/yr - ₹6.5 L/yr
2 years (AmbitionBox Estimate)

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₹1.4 L/yr - ₹5 L/yr
3 years  (3 salaries)

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₹3 L/yr - ₹5 L/yr
4 years (AmbitionBox Estimate)

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₹2.8 L/yr - ₹6 L/yr
View all

Similar Designation salaries in ICRA

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₹4.01 L/yr - ₹12.28 L/yr
Team Lead Salary
(AmbitionBox Estimate)
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₹11.2 L/yr - ₹14.3 L/yr
Technical Lead Salary
(AmbitionBox Estimate)
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₹13.8 L/yr - ₹17.6 L/yr
Senior Engineer Salary
(AmbitionBox Estimate)
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₹10.7 L/yr - ₹13.7 L/yr
Senior Consultant Salary
(AmbitionBox Estimate)
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₹16.7 L/yr - ₹21.3 L/yr
Software Engineer Salary
(AmbitionBox Estimate)
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₹34.2 L/yr - ₹43.7 L/yr
Software Developer Salary
(AmbitionBox Estimate)
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₹4 L/yr - ₹5.1 L/yr

Salary related reviews for ICRA

1.6

Rated by 2 employees for salary & benefits

Full Time

 · 

Production, Manufacturing & Engineering Department

1.0
  •  posted on 21 Nov 2023

3.0
 for  Salary and Benefits

Likes

Salary on time. Reimbursement on time.

  • Work-life balance - Good

Dislikes

Internal politics, Nepotism, partiality and the HR dept is terrible. No one will ever give you any answer/solution. They are good for nothing. Every month people change, you even don't know who to contact. Seniors wont help you achieve your targets nor they are willing to travel for meetings. Unwanted team calls. Whenever your manager is free or not in any mood for meeting, he/she will schedule Virtual team calls.

read more
  • Job security - Poor
  • +3 more

Full Time

 · 

Sales & Business Development Department

2.0
  •  posted on 05 Jun 2023

1.0
 for  Salary and Benefits

Likes

Good learning, but after sometime you do the same repetitive tasks tho

  • Skill development - Good
  • +1 more

Dislikes

Salary below market standards No employee engagement programs No motivation for employees Most of the employees just wait for next appraisal cycle so that they can leave after

read more
  • Salary - Bad
  • +3 more

Full Time

 · 

Finance & Accounting Department

5.0
  •  posted on 10 Jun 2022

3.0
 for  Salary and Benefits

Likes

This company has excellent culture and job security. Everyone is very polite and humble and the pay is as per industry average but there is very less perks and other benefits.

read more
  • Skill development - Good
  • +5 more

Dislikes

... as such to dislike but only thing I can say is to give some perks to employees. Like for transport and foods they deduct from your salary.

read more

Finance & Accounting Department

5.0
  •  posted on 08 Apr 2022

3.0
 for  Salary and Benefits

Likes

Company has decent work pressure and seniors and Managers are well behaved and helps alot in the work , Policies of this company are very employee friendly and has a strong management system which prevents and unethical working situation prevailing in this company, one can easily Balance work life and personal life while working here.

read more
  • Skill development - Excellent
  • +5 more

Dislikes

Career growth is not decent and salary are not upto the market standard .

read more

Business Operations Department

3.0
  •  posted on 15 Nov 2021

2.0
 for  Salary and Benefits

Likes

Salary paid on time, WFH benefits during pandemic,

Dislikes

No career growth ; Sr. Mngmnt is clueless about where to steer the company ; Bosses are supreme ; mediocrity thrives as does "behind"-licking ; antiquated IT systems; : efficient ppl across dept's are fired without proper intimation ; good folks across Analysts, Business Development and other functions have been forced to resign ; they had 3 MD's since 2019 till 2021 - hence this org. is running like a headless chicken ; appraisal is a farce - boss's impression is the last impression ; don't know how to handle employees or clients and their issues ; feel that they are obliging a client by doing their ratings / providing other services ; full of themselves ; Current crop of Sr. Mngmnt is sickening (to put it mildly) ; if immediate course corrections aren't made (starting with doing away with the dead-weights in Sr. Mgmt), ICRA is going to go the way of Dinosaurs !

read more
  • Salary - Poor
  • +5 more
see more salary related reviews

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ICRA Associate Salary FAQs

What is the salary of Associate at ICRA ?
The average salary of a Associate at ICRA in India typically ranges from ₹2.1 Lakhs to ₹5.0 Lakhs per year, depending on experience (from Fresher to 10 years).

The top 10% of Associate at ICRA earn more than ₹5.0 Lakhs per year, and the top 1% earn over ₹5.0 Lakhs per year. Associate Salaries at ICRA 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+ ICRA employees in India.
What is the estimated take home salary of a Associate at ICRA in India?
The estimated take-home salary of a Associate at ICRA in India typically ranges from ₹23,602 to ₹25,062 per month. This is based on the average salary range of ₹2.1 Lakhs to ₹5.0 Lakhs per year for employees with experience ranging from Fresher to 10 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 ICRA. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than ICRA for Associate in India?
JPMorgan Chase & Co. ₹10.0 Lakhs to ₹43.1 Lakhs per year
Emkay Global Financial Services ₹6.9 Lakhs to ₹24.0 Lakhs per year
Marwadi Shares & Finance ₹4.8 Lakhs to ₹18.0 Lakhs per year
LKP Securities ₹4.9 Lakhs to ₹14.0 Lakhs per year
Wells Fargo ₹2.7 Lakhs to ₹13.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by ICRA, depending on the role and experience level.
What is the salary of a Associate in companies similar to ICRA in India?
The salary of a Associate at companies similar to ICRA in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

ICE Data Services ₹4.5 Lakhs to ₹8.2 Lakhs per year
Stock Holding Corporation of India ₹1.8 Lakhs to ₹5.5 Lakhs per year
Axis Mutual Fund ₹2.4 Lakhs to ₹4.2 Lakhs per year
Bajaj Finserv ₹1.2 Lakhs to ₹5.0 Lakhs per year
5paisa Capital Ltd. ₹2.1 Lakhs to ₹3.0 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 Associate at ICRA in India?
The salary growth for a Associate at ICRA depends on factors such as experience, performance, and promotions. On average, a Associate can expect the following growth trajectory at ICRA:

Experience Average Salary Range
Fresher ₹1.5 Lakhs to ₹5.0 Lakhs per year
1 year ₹2.3 Lakhs to ₹6.5 Lakhs per year
2 years ₹1.4 Lakhs to ₹5.0 Lakhs per year
3 years ₹3.0 Lakhs to ₹5.0 Lakhs per year
and so on.

Tell us how to improve this page.

ICRA Associate salary in India ranges between ₹2.1 Lakhs to ₹5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 15 ICRA latest salaries received from various employees of ICRA.