India Ratings & Research Mumbai Associate Director Salaries by 30+ Employees (Updated 2025)

8 - 16 years exp.

₹22 Lakhs - ₹40 Lakhs

Avg. annual salary

Monthly In-hand Salary

21% less than the average Associate Director Salary in Financial Services Companies for 8 - 16 years of experience

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Salaries in different departments

BFSI, Investments & Trading Associate Director Salary 9 - 15 years exp. (12 salaries)	₹23.3 L/yr - ₹38.5 L/yr
Finance & Accounting Associate Director Salary 9 - 16 years exp. (5 salaries)	₹25 L/yr - ₹35.5 L/yr
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Strategic & Top Management Associate Director Salary 13 - 15 years exp. (AmbitionBox Estimate)	₹32.4 L/yr - ₹40 L/yr
Sales & Business Development Associate Director Salary 10 years exp. (AmbitionBox Estimate)	₹23.8 L/yr - ₹31.8 L/yr

Last Updated: 18 Mar 2025

Companies similar to India Ratings & Research for Associate Director in Mumbai

India Ratings & Research Associate Director Salary

8 - 16 years exp. (35 salaries)

₹22 L/yr - ₹40 L/yr

Company name	Avg Annual Salary	Open Jobs
UBS Associate Director Salary 6 - 20 years exp. (645 salaries)	₹14.8 L/yr - ₹52 L/yr 11% more
PwC Associate Director Salary 7 - 21 years exp. (350 salaries)	₹18.3 L/yr - ₹55 L/yr 28% more	1 job opening
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KPMG India Associate Director Salary 7 - 22 years exp. (317 salaries)	₹22 L/yr - ₹60 L/yr 34% more	7 job openings
Deloitte Associate Director Salary 7 - 21 years exp. (261 salaries)	₹24 L/yr - ₹58 L/yr 32% more
Standard Chartered Associate Director Salary 5 - 20 years exp. (170 salaries)	₹15 L/yr - ₹50 L/yr At par

Associate Director salary at India Ratings & Research ranges between ₹22 Lakhs to ₹40 Lakhs per year for employees with experience between 8 years to 16 years. Salary estimates are based on 35 latest salaries received from various employees of India Ratings & Research.

Latest annual salaries shared by India Ratings & Research Associate Director in Mumbai

3w ago

₹31.7 Lakhs

13 years exp.

3w ago

₹31.7 Lakhs

13 years exp.

3w ago

₹31.7 Lakhs

13 years exp.

3w ago

₹31.7 Lakhs

12 years exp.

3w ago

₹22 Lakhs

9 years exp.

1mo ago

12 years exp.

1mo ago

12 years exp.

2mo ago

11 years exp.

3mo ago

15 years exp.

4mo ago

12 years exp.

Experience wise India Ratings & Research Associate Director salaries in Mumbai

Last Updated: 18 Mar 2025

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹25.9 L/yr - ₹33.1 L/yr
9 years (5 salaries)	₹22 L/yr - ₹33.5 L/yr
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10 years (6 salaries)	₹23 L/yr - ₹35 L/yr
11 years (5 salaries)	₹23.3 L/yr - ₹35 L/yr
12 years (6 salaries)	₹24 L/yr - ₹38.5 L/yr
13 years (6 salaries)	₹12.7 L/yr - ₹35.5 L/yr
14 years (AmbitionBox Estimate)	₹29 L/yr - ₹37 L/yr
15+ years (5 salaries)	₹30 L/yr - ₹40 L/yr

View all

From

Associate Director

8 - 16 years exp.

Director

14 - 22 years exp.

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 India Ratings & Research

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(43 salaries)

₹6.37 L/yr - ₹24 L/yr

Senior Analyst Salary

(41 salaries)

₹10 L/yr - ₹25 L/yr

Analyst 1 Salary

(4 salaries)

₹15 L/yr - ₹17 L/yr

Director Salary

(3 salaries)

₹37 L/yr - ₹50 L/yr

Salary related reviews for India Ratings & Research

3.7

Rated by 3 employees for salary & benefits

Analyst in Mumbai

Full Time

Finance & Accounting Department

4.0

• posted on 19 Apr 2024

2.0

for Salary and Benefits

Likes

Great work life balance, good opportunities, more learning.

Skill development - Good

+4 more

Dislikes

...negligible. If you want work life balance, then good, but money wise really bad. Getting in with good salary is important. Even director position does not have respect.

Salary - Poor

+1 more

Senior Analyst in Mumbai

Full Time

Finance & Accounting Department

3.0

• posted on 12 Apr 2022

2.0

for Salary and Benefits

Likes

Work life balance, Supportive team

Job security - Excellent

+2 more

Dislikes

Poor Hike and bonus%. Both are always in single digit. Join any rating agency and you will get hike in single digit. This is company in not for people who are looking for stability and long term. Technologically not so good.

Salary - Poor

+2 more

Senior Analyst, Commodities And Retail , Large Corporates in Mumbai

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 08 Sep 2023

4.0

for Salary and Benefits

Likes

Excellent work culture with very supportive managers, opportunity for learning, flexibility around work schedules, exposure, and opportunity to interact with c-suite executives.

Salary - Good

+5 more

Dislikes

Pay could be better, along with appraisals. This is the only drawback, otherwise it is one of the best places to work for.

Analyst in Chennai

BFSI, Investments & Trading Department

4.0

• posted on 07 Apr 2022

1.0

for Salary and Benefits

Likes

Good learning opportunities in MC/LC & other teams except Emerging Corp. Very good manager in South Mid Corp analytical. Decent culture. Good insurance policy

Skill development - Good

+5 more

Dislikes

Very less pay scale. Learning curve will depend on individual's ability to reach out

Salary - Bad

Credit Analyst in Greater Noida

Full Time

Finance & Accounting Department

1.0

• posted on 19 Oct 2023

1.0

for Salary and Benefits

Likes

Only learning through interactions with industry people.

Skill development - Good

+1 more

Dislikes

Culture, compensation, growth, no focus on training and development. Not a very employee friendly company, do not care about personal lives or well-being of employees. High attrition and no effort at team-building. Seniors will ask to reach out for any help but when you do they’ll not respond.

Salary - Bad

+3 more

see more salary related reviews

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Top trending discussions

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Salary Discussions, Hike & Promotions

1w (edited)

an inside sales executive

Unexpected job policies: stay or switch?

I recently switched jobs with a 48% hike, and my current in-hand salary is ₹35K. But after joining, I realized a few important things that weren’t mentioned during the interview. 1. No Phones or Bags Allowed – We have to keep them in lockers, which I wasn’t informed about before joining. 2. Working Saturdays – HR said all Saturdays are working but assured that one Saturday off per month would be introduced soon. I can't see that happening anytime soon 3. Phone Policy Confusion – When I asked HR why this wasn’t discussed earlier, they said it’s only for two months and won’t be the case at the new location (which was discussed earlier). But some old employees say the same rule applies there too. 4. Leaves – We get 21 paid leaves a year. I’m already thinking of switching. Would it be too soon to leave within 3 months, or should I stay for at least 6 months? Also, since I just got a good hike, how much can I ask for in my next job?

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India Ratings & Research Associate Director Salary FAQs

What is the salary of Associate Director at India Ratings & Research in Mumbai?

The average salary of a Associate Director at India Ratings & Research in Mumbai typically ranges from ₹22.0 Lakhs to ₹40.0 Lakhs per year, depending on experience (from 8 years to 16 years).

The top 10% of Associate Director in Mumbai at India Ratings & Research earn more than ₹35.5 Lakhs per year, and the top 1% earn over ₹40.0 Lakhs per year. Associate Director Salaries at India Ratings & Research 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 30+ India Ratings & Research employees in India.

What is the estimated take home salary of a Associate Director at India Ratings & Research in Mumbai?

The estimated take-home salary of a Associate Director at India Ratings & Research in Mumbai typically ranges from ₹1,90,797 to ₹1,98,288 per month. This is based on the average salary range of ₹22.0 Lakhs to ₹40.0 Lakhs per year for employees with experience ranging from 8 years to 16 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 30+ salaries received from various employees of India Ratings & Research. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than India Ratings & Research for Associate Director in India?

KPMG India	₹22.0 Lakhs to ₹60.0 Lakhs per year
Deloitte	₹24.0 Lakhs to ₹58.0 Lakhs per year
PwC	₹18.3 Lakhs to ₹55.0 Lakhs per year
UBS	₹14.8 Lakhs to ₹52.0 Lakhs per year

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

What is the salary of a Associate Director in companies similar to India Ratings & Research in Mumbai?

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

Standard Chartered

₹15.0 Lakhs to ₹50.0 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 Director at India Ratings & Research in Mumbai?

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

Experience	Average Salary Range
8 years	₹25.9 Lakhs to ₹33.1 Lakhs per year
9 years	₹22.0 Lakhs to ₹33.5 Lakhs per year
10 years	₹23.0 Lakhs to ₹35.0 Lakhs per year
11 years	₹23.3 Lakhs to ₹35.0 Lakhs per year

and so on.

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India Ratings & Research Associate Director Salaries in Mumbai

India Ratings & Research Associate Director salary in Mumbai ranges between ₹22 Lakhs to ₹40 Lakhs with an average annual salary of ₹. Salary estimates are based on 35 India Ratings & Research latest salaries received from various employees of India Ratings & Research.