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ICRA Senior Associate Analyst salaries in India (Updated 2025)

Annual salary range
0 - 5 years exp.
₹3.4 Lakhs - ₹12.5 Lakhs
Salary of majority employees
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Fixed (89%)
₹7.4 Lakhs
Variable (11%)
₹0.8 Lakh
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42% more than the average Senior Associate Analyst Salary in Financial Services Companies for 0 - 5 years of experience

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Salaries in different departments

Finance & Accounting
Senior Associate Analyst Salary
0 - 5 years exp. (119 salaries)
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₹3.2 L/yr - ₹12.5 L/yr

BFSI, Investments & Trading
Senior Associate Analyst Salary
0 - 3 years exp. (13 salaries)
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₹3.9 L/yr - ₹12 L/yr

Research & Development
Senior Associate Analyst Salary
0 - 3 years exp. (5 salaries)
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₹3.4 L/yr - ₹10.5 L/yr

Customer Success, Service & Operations
Senior Associate Analyst Salary
3 - 5 years exp. (4 salaries)
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₹3.1 L/yr - ₹8.7 L/yr

Data Science & Analytics
Senior Associate Analyst Salary
3 - 4 years exp. (3 salaries)
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₹5.3 L/yr - ₹8.7 L/yr

View all

Last Updated: 21 Feb 2025

Companies similar to ICRA for Senior Associate Analyst

Company name Avg Annual Salary Open Jobs
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Crisil Senior Associate Analyst Salary

2 - 5 years exp. (4 salaries)

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₹3 L/yr - ₹12.5 L/yr

arrow icon 11% less
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₹4 L/yr - ₹6.3 L/yr

arrow icon 40% less
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S&P Global Senior Associate Analyst Salary

3 - 5 years exp. (4 salaries)

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₹4.1 L/yr - ₹23 L/yr

arrow icon 88% more
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₹14.6 L/yr - ₹33 L/yr

arrow icon 156% more
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Wells Fargo Senior Associate Analyst Salary

4 - 10 years exp. (4 salaries)

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₹8.5 L/yr - ₹10 L/yr

arrow icon 15% more
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₹9.7 L/yr - ₹12.8 L/yr

arrow icon 30% more
Senior Associate Analyst salary at ICRA ranges between ₹3.4 Lakhs to ₹12.5 Lakhs per year for employees with less than 1 year of experience to 5 years. Salary estimates are based on 208 latest salaries received from various employees of ICRA.

Latest annual salaries shared by ICRA Senior Associate Analyst

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Experience wise ICRA Senior Associate Analyst salaries

Last Updated: 21 Feb 2025

Experience Avg Annual Salary
Fresher  (29 salaries)

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₹3 L/yr - ₹10 L/yr
1 year  (52 salaries)

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₹3 L/yr - ₹12 L/yr
2 years  (48 salaries)

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₹3.2 L/yr - ₹12.5 L/yr
3 years  (48 salaries)

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₹3.4 L/yr - ₹12.1 L/yr
4 years  (17 salaries)

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₹3.7 L/yr - ₹12.5 L/yr
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ICRA Senior Associate Analyst Salary and Career Growth

From

To

Senior Associate Analyst

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0 - 5 years exp.

Vice President

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10 - 16 years exp.

Senior Associate Analyst

0 - 5 years exp.
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Analyst

2 - 7 years exp.
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arrow icon 75% hike

Senior Analyst

3 - 9 years exp.
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arrow icon 59% hike
Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in ICRA

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₹2.5 L/yr - ₹5.24 L/yr
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₹2.3 L/yr - ₹11.66 L/yr
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₹4.01 L/yr - ₹12.28 L/yr
Senior Analyst Salary
(146 salaries)
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₹10 L/yr - ₹34 L/yr
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₹6.93 L/yr - ₹10.46 L/yr
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₹15.5 L/yr - ₹30 L/yr
Credit Analyst Salary
(26 salaries)
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₹8 L/yr - ₹20 L/yr
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₹4.8 L/yr - ₹6 L/yr
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₹3 L/yr - ₹3.3 L/yr
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₹3 L/yr - ₹3.7 L/yr

Top skills at ICRA for Senior Associate Analyst

Credit Risk Credit Analysis Financial Analysis Credit Rating Credit Research Structured Finance Financial Modelling Banking

Salary related reviews for ICRA

2.3

Rated by 38 employees for salary & benefits

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

Finance & Accounting Department

2.0
  •  posted on 31 May 2021

1.0
 for  Salary and Benefits

Likes

Job security

Dislikes

Long working hours, no extra pay, no overtime pay, no work life balance. You wake up you have to sit in fron of the computer and you will fall asleep as soon as you close the system. On an average working hours is min 12-13 hrs through out the year..

read more
  • Salary - Bad
  • +5 more

Finance & Accounting Department

4.0
  •  posted on 16 Nov 2019

2.0
 for  Salary and Benefits

Likes

Working environment is very good, homely atmosphere. Timing is comfortable for girls , no girls are allowed to work after 8pm. Team lead is very helpful.

read more
  • Skill development - Good
  • +2 more

Dislikes

Compensation is decent, but growth is very slow. Work pressure is high but there is no payment for overtime. One of the bad thing is company's policy is seniority.

read more
  • Salary - Poor
  • +1 more

CDO Department

3.0
  •  posted on 14 Aug 2018

3.0
 for  Salary and Benefits

Likes

It's a good company for freshers but not in terms of growth perspective

Dislikes

Compensation is ok, but growth is slow. The work pressure is high plus there is no work and personal life balance you can't avail your leaves as such. There was no proper training at the time of joining.

read more
  • Skill development - Poor
  • +4 more

Finance & Accounting Department

2.0
  •  posted on 18 Oct 2020

2.0
 for  Salary and Benefits

Likes

Fact that they are not insisting to come to office is a good move and arrangements for work from home remain satisfactory.

read more

Dislikes

The company for the first time in recent history has reduced the variable pay considerably even though the performance during the previous year was not that bad. Seemed to be a motivated move to reduce the CTC of all the employees although some top management guys continued to get special bonus and retention bonuses..! The politics at the middle level management continues to haunt them leading to lower growth opportunities for the hard working lot..!

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

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ICRA Senior Associate Analyst Salary FAQs

What is the salary of Senior Associate Analyst at ICRA ?
The average salary of a Senior Associate Analyst at ICRA in India typically ranges from ₹3.4 Lakhs to ₹12.5 Lakhs per year, depending on experience (from Fresher to 5 years).

The top 10% of Senior Associate Analyst at ICRA earn more than ₹11.0 Lakhs per year, and the top 1% earn over ₹12.5 Lakhs per year. Senior Associate Analyst 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 200+ ICRA employees in India.
What is the estimated take home salary of a Senior Associate Analyst at ICRA in India?
The estimated take-home salary of a Senior Associate Analyst at ICRA in India typically ranges from ₹60,660 to ₹62,196 per month. This is based on the average salary range of ₹3.4 Lakhs to ₹12.5 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 200+ salaries received from various employees of ICRA. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Senior Associate Analyst at ICRA ?
To be a Senior Associate Analyst at ICRA in india, the key skills required include:

  • - Credit Risk
  • - Credit Analysis
  • - Financial Analysis
  • - Credit Rating
  • - Credit Research

These skills are highly valued at ICRA and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than ICRA for Senior Associate Analyst in India?
JPMorgan Chase & Co. ₹14.6 Lakhs to ₹33.0 Lakhs per year
S&P Global ₹4.1 Lakhs to ₹23.0 Lakhs per year
Moody's Analytics ₹9.7 Lakhs to ₹12.8 Lakhs per year
Wells Fargo ₹8.5 Lakhs to ₹10.0 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 Senior Associate Analyst in companies similar to ICRA in India?
The salary of a Senior Associate Analyst at companies similar to ICRA in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Crisil ₹3.0 Lakhs to ₹12.5 Lakhs per year
Acuité Ratings & Research ₹4.0 Lakhs to ₹6.3 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 Senior Associate Analyst at ICRA in India?
The salary growth for a Senior Associate Analyst at ICRA depends on factors such as experience, performance, and promotions. On average, a Senior Associate Analyst can expect the following growth trajectory at ICRA:

Experience Average Salary Range
Fresher ₹3.0 Lakhs to ₹10.0 Lakhs per year
1 year ₹3.0 Lakhs to ₹12.0 Lakhs per year
2 years ₹3.2 Lakhs to ₹12.5 Lakhs per year
3 years ₹3.4 Lakhs to ₹12.1 Lakhs per year
and so on.

Tell us how to improve this page.

ICRA Senior Associate Analyst salary in India ranges between ₹3.4 Lakhs to ₹12.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 208 ICRA latest salaries received from various employees of ICRA.