ICRA Mumbai Research Associate Salaries by 7 Employees

2 - 6 years exp.

₹4 Lakhs - ₹7 Lakhs

Salary of majority employees

Fixed (100%)

₹6.3 Lakhs

Variable (0%)

₹0.0

28% more than the average Research Associate Salary in Financial Services Companies for 2 - 6 years of experience

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Salaries in different departments

Finance & Accounting Research Associate Salary 2 - 6 years exp. (5 salaries)	₹5 L/yr - ₹7 L/yr
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BFSI, Investments & Trading Research Associate Salary 4 years exp. (AmbitionBox Estimate)	₹5 L/yr - ₹6 L/yr

Last Updated: 14 Sep 2024

Companies similar to ICRA for Research Associate in Mumbai

ICRA Research Associate Salary

2 - 6 years exp. (7 salaries)

₹4 L/yr - ₹7 L/yr

Company name	Avg Annual Salary	Open Jobs
Emkay Global Financial Services Research Associate Salary 0 - 3 years exp. (22 salaries)	₹8.6 L/yr - ₹30 L/yr 206% more
JPMorgan Chase & Co. Research Associate Salary 2 - 9 years exp. (18 salaries)	₹24 L/yr - ₹38 L/yr 390% more
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Macleods Pharmaceuticals Research Associate Salary 0 - 8 years exp. (760 salaries)	₹2.1 L/yr - ₹7 L/yr 32% less	1 job opening
Morningstar Research Associate Salary 0 - 5 years exp. (356 salaries)	₹3 L/yr - ₹8 L/yr 8% less
Ajanta Pharma Research Associate Salary 2 - 8 years exp. (315 salaries)	₹2.4 L/yr - ₹6.4 L/yr 30% less

Research Associate salary at ICRA ranges between ₹4 Lakhs to ₹7 Lakhs per year for employees with experience between 2 years to 6 years. Salary estimates are based on 7 latest salaries received from various employees of ICRA.

Experience wise ICRA Research Associate salaries in Mumbai

Last Updated: 14 Sep 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹7 L/yr
3 years (3 salaries)	₹4 L/yr - ₹6.6 L/yr
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4 years (AmbitionBox Estimate)	₹6 L/yr - ₹11.5 L/yr
5 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹7 L/yr
6 years (AmbitionBox Estimate)	₹6.2 L/yr - ₹12 L/yr

Similar Designation salaries in ICRA

Analyst Salary

(37 salaries)

₹7.15 L/yr - ₹18.95 L/yr

Deputy Manager Salary

(6 salaries)

₹6 L/yr - ₹11 L/yr

Salary related reviews for ICRA

Deputy Manager in Chennai

Business Development Department

4.0

• posted on 19 Jun 2019

4.0

for Salary and Benefits

Likes

Teammates are good, encouraging manner, helping in work. Training was not adequate. Job security can't assured. Salary & benefits are reasonable. Growth opportunities are less. In appraisal process, they are doing politics. Learning is less. Work environment quiet monotonous. Work life balance is very good, as 5 day work culture. No work after 6PM

Salary - Good

+3 more

Dislikes

In recruitment itself, depending upon candidate's background and education institution they fix salary and position. it's not fair. Carreer growth opportunities are limited. In appraisal, they are showing partiallity. Work is too monotonous. Complex product to sell. No good reputation in market. No support from Manager in job.

Manager in Gurgaon / Gurugram

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.

Job security - Poor

+3 more

Business Development Manager in Bangalore Rural

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

Salary - Bad

+3 more

Icra Analytics in Kolkata

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.

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.

Senior Associate Analyst in Kolkata

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.

Skill development - Excellent

+5 more

Dislikes

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

see more salary related reviews

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Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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ICRA Research Associate Salary FAQs

What is the salary of Research Associate at ICRA in Mumbai?

The average salary of a Research Associate at ICRA in Mumbai typically ranges from ₹4.0 Lakhs to ₹7.0 Lakhs per year, depending on experience (from 2 years to 6 years).

The top 10% of Research Associate in Mumbai at ICRA earn more than ₹7.0 Lakhs per year, and the top 1% earn over ₹7.0 Lakhs per year. Research 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 7 ICRA employees in India.

What is the estimated take home salary of a Research Associate at ICRA in Mumbai?

The estimated take-home salary of a Research Associate at ICRA in Mumbai typically ranges from ₹48,275 to ₹49,417 per month. This is based on the average salary range of ₹4.0 Lakhs to ₹7.0 Lakhs per year for employees with experience ranging from 2 years to 6 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 7 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 Research Associate in India?

JPMorgan Chase & Co.	₹24.0 Lakhs to ₹38.0 Lakhs per year
Emkay Global Financial Services	₹8.6 Lakhs to ₹30.0 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 Research Associate in companies similar to ICRA in Mumbai?

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

Morningstar	₹3.0 Lakhs to ₹8.0 Lakhs per year
Ajanta Pharma	₹2.4 Lakhs to ₹6.4 Lakhs per year
Macleods Pharmaceuticals	₹2.1 Lakhs to ₹7.0 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 Research Associate at ICRA in Mumbai?

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

Experience	Average Salary Range
2 years	₹2.4 Lakhs to ₹7.0 Lakhs per year
3 years	₹4.0 Lakhs to ₹6.6 Lakhs per year
4 years	₹6.0 Lakhs to ₹11.5 Lakhs per year
5 years	₹2.6 Lakhs to ₹7.0 Lakhs per year

and so on.

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ICRA Research Associate Salaries in Mumbai

ICRA Research Associate salary in Mumbai ranges between ₹4 Lakhs to ₹7 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 ICRA latest salaries received from various employees of ICRA.