JPMorgan Chase & Co. Mumbai Management Associate Salaries by 5 Employees

9 - 11 years exp.

₹8 Lakhs - ₹14 Lakhs

Avg. annual salary

Monthly In-hand Salary

23% more than the average Management Associate Salary in Financial Services Companies for 9 - 11 years of experience

Interested in this particular role? 3 job openings

Salaries in different departments

BFSI, Investments & Trading Management Associate Salary 10 - 11 years exp. (AmbitionBox Estimate)	₹11.3 L/yr - ₹14 L/yr
Customer Success, Service & Operations Management Associate Salary 11 years exp. (AmbitionBox Estimate)	₹10.5 L/yr - ₹16.1 L/yr
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Finance & Accounting Management Associate Salary 11 years exp. (AmbitionBox Estimate)	₹14 L/yr - ₹16.7 L/yr

Last Updated: 24 Oct 2023

Companies similar to JPMorgan Chase & Co. for Management Associate in Mumbai

JPMorgan Chase & Co. Management Associate Salary

9 - 11 years exp. (5 salaries)

₹8 L/yr - ₹14 L/yr

Company name	Avg Annual Salary	Open Jobs
Citicorp Management Associate Salary 0 - 4 years exp. (34 salaries)	₹14 L/yr - ₹24 L/yr 51% more
ICICI Prudential Life Insurance Management Associate Salary 0 - 6 years exp. (51 salaries)	₹7.6 L/yr - ₹13 L/yr 25% less	28 job openings
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HDFC Bank Management Associate Salary 0 - 4 years exp. (22 salaries)	₹13 L/yr - ₹26 L/yr 52% more
Rolta India Management Associate Salary 12 - 22 years exp. (12 salaries)	₹8 L/yr - ₹13 L/yr 14% less
DBS Bank Management Associate Salary 0 - 6 years exp. (11 salaries)	₹17.5 L/yr - ₹23 L/yr 50% more	1 job opening

Management Associate salary at JPMorgan Chase & Co. ranges between ₹8 Lakhs to ₹14 Lakhs per year for employees with experience between 9 years to 11 years. Salary estimates are based on 5 latest salaries received from various employees of JPMorgan Chase & Co..

Experience wise JPMorgan Chase & Co. Management Associate salaries in Mumbai

Last Updated: 24 Oct 2023

Experience	Avg Annual Salary
9 years (AmbitionBox Estimate)	₹10.7 L/yr - ₹13.7 L/yr
10 years (AmbitionBox Estimate)	₹11.5 L/yr - ₹14.7 L/yr
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11 years (3 salaries)	₹10.5 L/yr - ₹14 L/yr

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Top skills at JPMorgan Chase & Co. for Management Associate

Analytical Chemistry Auditing Investment Banking Operations Project Management Product Management Risk Management Reconciliation Loan Servicing Finance Home Loans Financial Services Technology Change Management CCTV Monitoring

Salary related reviews for JPMorgan Chase & Co.

Team Lead in Bangalore / Bengaluru

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 01 Mar 2025

5.0

for Salary and Benefits

Likes

...balanced, at times one may need to stretch, but organization never encourage it. Salary at par, and great perks given too.

Salary - Excellent

+6 more

Dislikes

No wfh option available with the recent changes announced by the top management. However flexibility will be given based on personal requirements, fingers crossed.

Associate Software Engineer 2 in Bangalore / Bengaluru

Full Time

Engineering - Software & QA Department

3.0

• posted on 27 Jan 2025

3.0

for Salary and Benefits

Likes

Nothing so far.

Skill development - Good

+1 more

Dislikes

...of work instead they will force you to learn something they have in the project. And if you refuse to learn they will give you very poor rating and they will stop your salary hike for the year.

Promotions - Poor

+2 more

Associate in Mumbai

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 24 Jan 2025

4.0

for Salary and Benefits

Likes

Salary is decent compared to industry average. Also, You don’t need to worry about the job security unless you are really bad. Work life balance depends on which line of business and what team are you working.

Salary - Good

+5 more

Dislikes

Promotions are too slow compared to your peers in US or UK. A person will stay as an Analyst or Associate for years and your peer will become a Vice President or even an Executive Director within the same timelines. Your promotions are hardly based on your performance and mostly based on how much good relationship you have with your manager and how much the management has endorsed you as a brand.

Production Analyst in Mumbai

Full Time

Product Management Department

5.0

• posted on 08 Jan 2025

5.0

for Salary and Benefits

Likes

Jp Morgan provides the best in class inclusivity and job security and competitive compensation along with perfect work life balance and a culture that makes you feel like making it the only company you would ever wanna work for.

Salary - Excellent

+5 more

Dislikes

The thing I disliked was the interview for internal job postings. Whilst they do multiple interviews but they still open job requisition in accordance to the person they have in mind.

Production Analyst in Bangalore / Bengaluru

Full Time

Finance & Accounting Department

2.0

• posted on 05 Jan 2025

1.0

for Salary and Benefits

Likes

JP MORGAN brand Transport facility if you take Insurance Hybrid - that too controlled

Dislikes

...like and don’t worry if anyone resigns and goes Pay is too less. 8% is avg hike. Even after 6-7 years your salary will be 10-11 lpa Office poltics, favoritism too much Better look for something else out.

Salary - Bad

+4 more

see more salary related reviews

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What people are saying about JPMorgan Chase & Co.

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wolflone

works at

JPMorgan Chase & Co.

Advise Needed - Staying vs leaving

I have an offer from Morgan Stanley since I wasn’t happy with my career trajectory in my current organisation - JPMC. After tendering my resignation, the management reached out to me trying to convince why leave JPM you’ve spent a lot of time here. Take a move internally etc. Now I’m selected and they are matching the offer I had from MS. What should be the best course of action for me? JPM is offering me a product role but under the same manager - I don’t wish to be under him. MS offers me a role in product operation and the team is expected to grow. What do I choose?

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JPMorgan Chase & Co. Management Associate Salary FAQs

What is the salary of Management Associate at JPMorgan Chase & Co. in Mumbai?

The average salary of a Management Associate at JPMorgan Chase & Co. in Mumbai typically ranges from ₹8.0 Lakhs to ₹14.0 Lakhs per year, depending on experience (from 9 years to 11 years).

The top 10% of Management Associate in Mumbai at JPMorgan Chase & Co. earn more than ₹14.0 Lakhs per year, and the top 1% earn over ₹14.0 Lakhs per year. Management Associate Salaries at JPMorgan Chase & Co. 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 5 JPMorgan Chase & Co. employees in India.

What is the estimated take home salary of a Management Associate at JPMorgan Chase & Co. in Mumbai?

The estimated take-home salary of a Management Associate at JPMorgan Chase & Co. in Mumbai typically ranges from ₹93,076 to ₹95,574 per month. This is based on the average salary range of ₹8.0 Lakhs to ₹14.0 Lakhs per year for employees with experience ranging from 9 years to 11 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 5 salaries received from various employees of JPMorgan Chase & Co.. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Management Associate at JPMorgan Chase & Co. in Mumbai?

To be a Management Associate at JPMorgan Chase & Co. in Mumbai, the key skills required include:

- Analytical Chemistry
- Auditing
- Investment Banking
- Operations
- Project Management

These skills are highly valued at JPMorgan Chase & Co. and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than JPMorgan Chase & Co. for Management Associate in India?

HDFC Bank	₹13.0 Lakhs to ₹26.0 Lakhs per year
Citicorp	₹14.0 Lakhs to ₹24.0 Lakhs per year
DBS Bank	₹17.5 Lakhs to ₹23.0 Lakhs per year

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

What is the salary of a Management Associate in companies similar to JPMorgan Chase & Co. in Mumbai?

The salary of a Management Associate at companies similar to JPMorgan Chase & Co. in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Rolta India	₹8.0 Lakhs to ₹13.0 Lakhs per year
ICICI Prudential Life Insurance	₹7.6 Lakhs to ₹13.0 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 Management Associate at JPMorgan Chase & Co. in Mumbai?

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

Experience	Average Salary Range
9 years	₹10.7 Lakhs to ₹13.7 Lakhs per year
10 years	₹11.5 Lakhs to ₹14.7 Lakhs per year
11 years	₹10.5 Lakhs to ₹14.0 Lakhs per year

and so on.

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JPMorgan Chase & Co. Management Associate Salaries in Mumbai

JPMorgan Chase & Co. Management Associate salary in Mumbai ranges between ₹8 Lakhs to ₹14 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 JPMorgan Chase & Co. latest salaries received from various employees of JPMorgan Chase & Co..