JM Financial Mumbai Associate Salaries by 100+ Employees (Updated 2025)

0 - 14 years exp.

₹3.9 Lakhs - ₹13.8 Lakhs

Salary of majority employees

7% more than the average Associate Salary in Financial Services Companies for 0 - 14 years of experience

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Salaries in different departments

Finance & Accounting Associate Salary 0 - 10 years exp. (34 salaries)	₹3.6 L/yr - ₹14 L/yr
BFSI, Investments & Trading Associate Salary 1 - 14 years exp. (33 salaries)	₹3.9 L/yr - ₹16.3 L/yr
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Engineering - Software & QA Associate Salary 4 - 14 years exp. (22 salaries)	₹7.4 L/yr - ₹12 L/yr
Customer Success, Service & Operations Associate Salary 4 - 12 years exp. (13 salaries)	₹4 L/yr - ₹8 L/yr
Data Science & Analytics Associate Salary 4 - 10 years exp. (8 salaries)	₹6.8 L/yr - ₹13 L/yr

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Last Updated: 12 Mar 2025

Companies similar to JM Financial for Associate in Mumbai

JM Financial Associate Salary

0 - 14 years exp. (155 salaries)

₹3.9 L/yr - ₹13.8 L/yr

Company name	Avg Annual Salary	Open Jobs
JPMorgan Chase & Co. Associate Salary 1 - 17 years exp. (3k salaries)	₹10 L/yr - ₹36 L/yr 159% more	59 job openings
MSCI Associate Salary 2 - 9 years exp. (302 salaries)	₹8.5 L/yr - ₹35 L/yr 139% more	1 job opening
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Edelweiss Associate Salary 0 - 9 years exp. (261 salaries)	₹2.1 L/yr - ₹12 L/yr 18% less
ICICI Securities Associate Salary 1 - 15 years exp. (25 salaries)	₹5 L/yr - ₹20.3 L/yr 36% more
Aditya Birla Capital Associate Salary 0 - 6 years exp. (13 salaries)	₹2.1 L/yr - ₹6 L/yr 54% less
Motilal Oswal Financial Services Associate Salary 0 - 4 years exp. (9 salaries)	₹2.5 L/yr - ₹3.7 L/yr 59% less
Bajaj Finserv Associate Salary 1 - 2 years exp. (4 salaries)	₹1.2 L/yr - ₹2.7 L/yr 71% less
Motilal Oswal Associate Salary 1 - 7 years exp. (3 salaries)	₹5 L/yr - ₹40 L/yr 140% more

Associate salary at JM Financial ranges between ₹3.9 Lakhs to ₹13.8 Lakhs per year for employees with less than 1 year of experience to 14 years. Salary estimates are based on 155 latest salaries received from various employees of JM Financial.

Experience wise JM Financial Associate salaries in Mumbai

Last Updated: 12 Mar 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹6 L/yr - ₹17.4 L/yr
1 year (5 salaries)	₹4.2 L/yr - ₹13.8 L/yr
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2 years (9 salaries)	₹6 L/yr - ₹16.8 L/yr
3 years (10 salaries)	₹4 L/yr - ₹16 L/yr
4 years (30 salaries)	₹3.9 L/yr - ₹16.2 L/yr
5 years (25 salaries)	₹4.3 L/yr - ₹14.3 L/yr
6 years (19 salaries)	₹4 L/yr - ₹13 L/yr
7 years (16 salaries)	₹3.6 L/yr - ₹15.3 L/yr
8 years (9 salaries)	₹5 L/yr - ₹12 L/yr
9 years (11 salaries)	₹5 L/yr - ₹14.5 L/yr
10 years (12 salaries)	₹4.5 L/yr - ₹9.5 L/yr
11 years (AmbitionBox Estimate)	₹7 L/yr - ₹9 L/yr
12 years (3 salaries)	₹5.5 L/yr - ₹12 L/yr
13 years (AmbitionBox Estimate)	₹6 L/yr - ₹7.6 L/yr
14 years (3 salaries)	₹6 L/yr - ₹7.6 L/yr

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Similar Designation salaries in JM Financial

Senior Associate Salary

(100 salaries)

₹13.97 L/yr - ₹29.8 L/yr

Senior Consultant Salary

(14 salaries)

₹5.1 L/yr - ₹8 L/yr

Team Lead Salary

(10 salaries)

₹6 L/yr - ₹13 L/yr

Top skills at JM Financial for Associate

Insurance Fixed Deposits Mutual Funds Quality Check Advertising

Salary related reviews for JM Financial

3.4

Rated by 15 employees for salary & benefits

Associate in Mumbai

Full Time

Teaching & Training Department

1.0

• posted on 10 Nov 2023

2.0

for Salary and Benefits

Likes

There is one sun brand of JM financial name as Blinkx. Celebration of each festival was good.

Dislikes

...ou come to know that your expertise and your alloted profile is very different. Pathetic bonus return policy.

Salary - Poor

+6 more

Associate (working remotely)

Full Time

Finance & Accounting Department

2.0

• posted on 03 May 2023

3.0

for Salary and Benefits

Likes

Weekend off Medical checkup every week Insurance agent meetinf every week

Dislikes

...n worli branch employee have to seat and eat on the desk where u seat for work Most imp if u have vehicle than ready for traffice who take ur vehicle n pay fine again n again coz company does not provide parking facility

Skill development - Bad

+4 more

Senior Software Developer in Mumbai

Full Time

Engineering - Software & QA Department

1.0

• posted on 05 Sep 2024

1.0

for Salary and Benefits

Likes

salary on time

Dislikes

working here for few months now too much office politics, the deployment is never planned and entire process here is made unnecessarily complicated , too much favouritism like their fav ppl leaves are approved , no need of coming to office ontime or leaving early, dont fall for any review that says anything positive its not true and its not employee friendly, healthy working culture here, no body helps u with basic new joining stuff u need ,just wont recommend anyone fresher or exp to come, u need to be too good to handle all the politics thats all. manager and senior managers treats you like absolute slave. u grow here only if you are extremely good with politics , buttering the upper management no actual skills/intelligence needed. also no proper hierarchy is maintained here within team and organisation.

Salary - Bad

+5 more

Senior Executive in Mumbai

Full Time

Marketing & Communication Department

1.0

• posted on 12 Aug 2024

1.0

for Salary and Benefits

Likes

Nothing

Dislikes

...letely biased towards seniors. He only listens and accepts whatever seniors say. I will not recommend anyone to work here even if you are getting very good package just for the sake of your mental health

Salary - Bad

+5 more

Investment Banking Associate in Mumbai

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 03 Oct 2024

4.0

for Salary and Benefits

Likes

1. Higher compensation as compared to the Industry

Salary - Good

+1 more

Dislikes

1. Unnecessary work on weekends just because it is Investment Banking 2. Mandates come from top leadership....no real coverage banking 3. Highly rude, egoistic, insecure and envious people at top leadership 4. Exploitative behaviour, office politics, gossips, talking behind backs, etc. Won't recommend this even to my worst enemy

Skill development - Poor

+3 more

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Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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JM Financial Associate Salary FAQs

What is the salary of Associate at JM Financial in Mumbai?

The average salary of a Associate at JM Financial in Mumbai typically ranges from ₹3.9 Lakhs to ₹13.8 Lakhs per year, depending on experience (from Fresher to 14 years).

The top 10% of Associate in Mumbai at JM Financial earn more than ₹16.0 Lakhs per year, and the top 1% earn over ₹24.0 Lakhs per year. Associate Salaries at JM Financial 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 100+ JM Financial employees in India.

What is the estimated take home salary of a Associate at JM Financial in Mumbai?

The estimated take-home salary of a Associate at JM Financial in Mumbai typically ranges from ₹62,220 to ₹63,800 per month. This is based on the average salary range of ₹3.9 Lakhs to ₹13.8 Lakhs per year for employees with experience ranging from Fresher to 14 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 100+ salaries received from various employees of JM Financial. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Associate at JM Financial in Mumbai?

To be a Associate at JM Financial in Mumbai, the key skills required include:

- Insurance
- Fixed Deposits
- Mutual Funds
- Quality Check
- Advertising

These skills are highly valued at JM Financial and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than JM Financial for Associate in India?

JPMorgan Chase & Co.	₹10.0 Lakhs to ₹36.0 Lakhs per year
Motilal Oswal	₹5.0 Lakhs to ₹40.0 Lakhs per year
MSCI	₹8.5 Lakhs to ₹35.0 Lakhs per year
ICICI Securities	₹5.0 Lakhs to ₹20.3 Lakhs per year

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

What is the salary of a Associate in companies similar to JM Financial in Mumbai?

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

Edelweiss	₹2.1 Lakhs to ₹12.0 Lakhs per year
Aditya Birla Capital	₹2.1 Lakhs to ₹6.0 Lakhs per year
Motilal Oswal Financial Services	₹2.5 Lakhs to ₹3.7 Lakhs per year
Bajaj Finserv	₹1.2 Lakhs to ₹2.7 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 JM Financial in Mumbai?

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

Experience	Average Salary Range
Fresher	₹6.0 Lakhs to ₹17.4 Lakhs per year
1 year	₹4.2 Lakhs to ₹13.8 Lakhs per year
2 years	₹6.0 Lakhs to ₹16.8 Lakhs per year
3 years	₹4.0 Lakhs to ₹16.0 Lakhs per year

and so on.

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JM Financial Associate Salaries in Mumbai

JM Financial Associate salary in Mumbai ranges between ₹3.9 Lakhs to ₹13.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 155 JM Financial latest salaries received from various employees of JM Financial.