IIFL Finance Mumbai Equity Research Associate Salaries by 4 Employees (Updated 2025)

0 - 4 years exp.

₹12 Lakhs - ₹20 Lakhs

Salary of majority employees

13% more than the average Equity Research Associate Salary in NBFC Companies for 0 - 4 years of experience

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Last Updated: 23 Mar 2023

Companies similar to IIFL Finance for Equity Research Associate in Mumbai

IIFL Finance Equity Research Associate Salary

0 - 4 years exp. (4 salaries)

₹12 L/yr - ₹20 L/yr

Company name	Avg Annual Salary	Open Jobs
Edelweiss Equity Research Associate Salary 0 - 4 years exp. (10 salaries)	₹13 L/yr - ₹16 L/yr 6% less
Motilal Oswal Equity Research Associate Salary 0 - 3 years exp. (8 salaries)	₹6 L/yr - ₹10 L/yr 57% less	4 job openings
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Kotak Securities Equity Research Associate Salary 0 - 2 years exp. (4 salaries)	₹2.3 L/yr - ₹5.2 L/yr 76% less
Axis Direct Equity Research Associate Salary 1 - 2 years exp. (9 salaries)	₹4 L/yr - ₹7.2 L/yr 56% less
HDFC Securities Equity Research Associate Salary 0 - 6 years exp. (18 salaries)	₹6.5 L/yr - ₹27.5 L/yr 1% more
ICICI Securities Equity Research Associate Salary 0 - 7 years exp. (15 salaries)	₹6 L/yr - ₹20 L/yr 13% less
Reliance Securities Equity Research Associate Salary 4 - 7 years exp. (4 salaries)	₹8 L/yr - ₹9 L/yr 45% less
Motilal Oswal Financial Services Equity Research Associate Salary 1 - 4 years exp. (8 salaries)	₹6 L/yr - ₹14.3 L/yr 41% less
Karvy Stock Broking Equity Research Associate Salary 0 - 3 years exp. (3 salaries)	₹4.3 L/yr - ₹4.7 L/yr 71% less

Equity Research Associate salary at IIFL Finance ranges between ₹12 Lakhs to ₹20 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 4 latest salaries received from various employees of IIFL Finance.

Experience wise IIFL Finance Equity Research Associate salaries in Mumbai

Last Updated: 23 Mar 2023

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹13.5 L/yr - ₹17.2 L/yr
2 years (AmbitionBox Estimate)	₹18 L/yr - ₹23 L/yr
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3 years (AmbitionBox Estimate)	₹10.8 L/yr - ₹13.8 L/yr
4 years (AmbitionBox Estimate)	₹13.5 L/yr - ₹17.2 L/yr

Similar Designation salaries in IIFL Finance

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Senior Research Analyst Salary

(6 salaries)

₹7 L/yr - ₹17.5 L/yr

Equity Advisor Salary

(6 salaries)

₹1.75 L/yr - ₹7.49 L/yr

Research Analyst Salary

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Research Associate Salary

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Salary related reviews for IIFL Finance

Deputy Manager in Mumbai

Full Time

Data Science & Analytics Department

3.0

• posted on 06 Sep 2023

1.0

for Salary and Benefits

Likes

...wth. Seniors are very rude and insensitive and careless... No work life balance. No salary promotions. No bonuses.. bonus are delayed with less %

Dislikes

Senior behaviour with junior

Deputy Manager in Koppal

Finance & Accounting Department

5.0

• posted on 27 Jun 2022

3.0

for Salary and Benefits

Likes

Good work environment the management support transperent. There is a huge cafeteria and arcade for chilling company policies are good, Appraisal are fair and they give good salary hike and bonus every year.

Dislikes

Coworkers not support

Senior Associate in Mumbai

Product Department

1.0

• posted on 19 Feb 2021

1.0

for Salary and Benefits

Likes

Nothing.

Dislikes

...ys treated as an outsider despite best efforts one can put in at a senior level. Huge salary cut even before pandemic and during pandemic too. laid off and termination appears to be normal. The assurances or terms agreed at the time of interview were not followed after joining. Lost confidence and mental peace.

Relationship Manager in Pune

Other Department

1.0

• posted on 01 Dec 2020

1.0

for Salary and Benefits

Likes

...am leader staff is leaving the organisation just within a month after joining. Even after leaving the company with all exit policies after 90 days also didn’t got the salary and require documents. After so much follow up’s with HR they are not giving the proper response. Not at all career growth. Pathetic experience overall.

Relationship Manager in Mumbai

BFSI, Investments & Trading Department

4.0

• posted on 15 Aug 2020

4.0

for Salary and Benefits

Likes

Company atmosphere good specially thane office good salary hike & bonus loyal higher management Nirmal Jain sir..

Dislikes

SME Insta products was good but most of NPA accounts that reason insta products not growing up.

see more salary related reviews

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Salary Discussions, Hike & Promotions

a senior consultant

Retention offer

Hello, Current offer from CG - Total 21.5L, fixed as 19.4 and rest bonus Retention offer from Deloitte - Total 19.1, fixed as 15.5 and rest bonus (4L) I understand the offer is less but my manager explained that Deloitte's hikes are better in the market and on an average, I can get 15% every year with good performance. The same hikes in CG are around 5-6% so financially, my salary growth will definitely be more in Deloitte. Please give me suggestions. I have good management and projects in Deloitte with WLB but I would like to have some perspective on offered CTC too

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IIFL Finance Equity Research Associate Salary FAQs

What is the salary of Equity Research Associate at IIFL Finance Mumbai?

Equity Research Associate salary at IIFL Finance in Mumbai ranges between ₹12.0 Lakhs to ₹20.0 Lakhs for less than 1 year of experience to 4 years. According to our estimates it is 13% more than the average Equity Research Associate Salary in India. Salary estimates are based on 4 latest salaries received from various employees of IIFL Finance Mumbai.

How does the salary of a Equity Research Associate at IIFL Finance Mumbai compare with the average salary range for this job?

The average salary of a Equity Research Associate at IIFL Finance is 13% more 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 IIFL Finance to a Equity Research Associate in Mumbai?

HDFC Securities Equity Research Associate Salary - ₹6.5 Lakhs to ₹27.5 Lakhs per year

What is the salary of a Equity Research Associate in companies similar to IIFL Finance in Mumbai?

Edelweiss Equity Research Associate Salary - ₹13.0 Lakhs to ₹16.0 Lakhs per year
ICICI Securities Equity Research Associate Salary - ₹6.0 Lakhs to ₹20.0 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

What is the estimated take home salary of a Equity Research Associate at IIFL Finance in Mumbai?

The estimated take-home salary of a Equity Research Associate at IIFL Finance ranges between ₹1,06,460 per month to ₹1,09,391 per month in Mumbai. The take-home salary calculation is based on the average IIFL Finance Equity Research Associate salary in India which ranges between ₹12.0 Lakhs to ₹20.0 Lakhs per year for employees with less than 1 year of experience to 4 years. Check how did we calculate take home salary?

What is the notice period for Equity Research Associate at IIFL Finance in Mumbai?

According to AmbitionBox, 100% of the IIFL Finance Equity Research Associates in Mumbai reported a notice period of 15 days or less.This is based on 1 response on AmbitionBox in last 2 years.

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IIFL Finance Equity Research Associate Salaries in Mumbai

IIFL Finance Equity Research Associate salary in Mumbai ranges between ₹12 Lakhs to ₹20 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 IIFL Finance latest salaries received from various employees of IIFL Finance.