Monal Capital Mumbai Associate Salaries by 8 Employees (Updated 2025)

0 - 2 years exp.

₹1 Lakh - ₹3.3 Lakhs

Salary of majority employees

69% less than the average Associate Salary for 0 - 2 years of experience

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Salaries in different departments

BFSI, Investments & Trading Associate Salary 0 - 2 years exp. (3 salaries)	₹2.1 L/yr - ₹3.1 L/yr
Login to view exact salary
Finance & Accounting Associate Salary 1 year exp. (AmbitionBox Estimate)	₹2.1 L/yr - ₹3.3 L/yr

Last Updated: 24 Mar 2023

Companies similar to Monal Capital for Associate in Mumbai

Monal Capital Associate Salary

0 - 2 years exp. (8 salaries)

₹1 L/yr - ₹3.3 L/yr

Company name	Avg Annual Salary	Open Jobs
JPMorgan Chase & Co. Associate Salary 1 - 17 years exp. (3k salaries)	₹9.9 L/yr - ₹35 L/yr 788% more	60 job openings
PwC Associate Salary 0 - 7 years exp. (1.6k salaries)	₹5.8 L/yr - ₹19 L/yr 380% more	140 job openings
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Wipro Associate Salary 0 - 5 years exp. (1.2k salaries)	₹0.9 L/yr - ₹4.5 L/yr 17% more	11 job openings
Accenture Associate Salary 0 - 7 years exp. (821 salaries)	₹1.2 L/yr - ₹8.5 L/yr 66% more	77 job openings
TCS Associate Salary 0 - 10 years exp. (724 salaries)	₹1 L/yr - ₹6 L/yr 49% more
Kotak Mahindra Bank Associate Salary 0 - 7 years exp. (345 salaries)	₹1.2 L/yr - ₹4.2 L/yr 6% more
Ernst & Young Associate Salary 0 - 7 years exp. (303 salaries)	₹4.6 L/yr - ₹19 L/yr 375% more	19 job openings
Tech Mahindra Associate Salary 0 - 6 years exp. (178 salaries)	₹1.2 L/yr - ₹8 L/yr 36% more
Capgemini Associate Salary 0 - 5 years exp. (91 salaries)	₹1 L/yr - ₹7 L/yr 55% more
Amazon Associate Salary 0 - 7 years exp. (66 salaries)	₹1 L/yr - ₹8 L/yr 42% more	12 job openings
Teleperformance Associate Salary 0 - 6 years exp. (62 salaries)	₹1.6 L/yr - ₹5.8 L/yr 28% more
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Deloitte Associate Salary 0 - 5 years exp. (39 salaries)	₹6.4 L/yr - ₹13.8 L/yr 259% more
ICICI Bank Associate Salary 0 - 6 years exp. (26 salaries)	₹1.4 L/yr - ₹4.9 L/yr 20% more
HDFC Bank Associate Salary 0 - 6 years exp. (21 salaries)	₹1.9 L/yr - ₹7.8 L/yr 21% more
LTIMindtree Associate Salary 0 - 6 years exp. (21 salaries)	₹2 L/yr - ₹6 L/yr 81% more
Reliance Industries Associate Salary 0 - 8 years exp. (20 salaries)	₹1.8 L/yr - ₹6 L/yr 33% more
Larsen & Toubro Limited Associate Salary 0 - 5 years exp. (20 salaries)	₹1.5 L/yr - ₹4.8 L/yr 45% more
Reliance Retail Associate Salary 0 - 5 years exp. (18 salaries)	₹1.2 L/yr - ₹4 L/yr 6% less
Axis Bank Associate Salary 0 - 7 years exp. (16 salaries)	₹2.1 L/yr - ₹5 L/yr 52% more
Jio Associate Salary 1 - 7 years exp. (14 salaries)	₹1.1 L/yr - ₹6 L/yr 8% more

Associate salary at Monal Capital ranges between ₹1 Lakh to ₹3.3 Lakhs per year for employees with less than 1 year of experience to 2 years. Salary estimates are based on 8 latest salaries received from various employees of Monal Capital.

Experience wise Monal Capital Associate salaries in Mumbai

Last Updated: 24 Mar 2023

Experience	Avg Annual Salary
Fresher (4 salaries)	₹1 L/yr - ₹3 L/yr
1 year (3 salaries)	₹2 L/yr - ₹3.3 L/yr
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2 years (AmbitionBox Estimate)	₹1.1 L/yr - ₹3 L/yr

Top skills at Monal Capital for Associate

Financial Analysis Power Point Presentation Ratio Analysis Report Writing Database

Salary related reviews for Monal Capital

Manager Investment Banking in Malad

Equity & M&A Department

4.0

• posted on 25 Mar 2021

4.0

for Salary and Benefits

Likes

... transaction with exposure at each level. Colleagues are helpful and supportive. Salary hike is good.

Salary - Good

+4 more

Dislikes

Management is not very supportive and rude at times which discourages one to ask and resolve queries. Long working hours and no work life balance.

Investment Banking Associate in Mumbai

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 20 Apr 2023

1.0

for Salary and Benefits

Likes

The clerk makes excellent Maggi.

Dislikes

Job description and work actually give does not match at all. Actually there’s no work. The work you do is make databases for innumerable times and keep on changing the formats of the actual work. Monitoring is to the level that you can’t even imagine of. Itna Toh jail me bhi nahi hota hain. Forget that you are human being, you will be expected to behave like machine. A machine that can’t have any errors. 10 hours shift with actually no breaks. If you ask for a leave it will be a crime. And the CMD has weekly mood swings.

Salary - Bad

+6 more

Investment Banking Associate in Mumbai

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 07 Jul 2023

3.0

for Salary and Benefits

Likes

You'll get to learn a little bit at the starting of your job through self reading.

Dislikes

You have to sit on your desk for 10 straight working hours with only half an hour break. MD himself monitors everyone constantly. The work culture is not at all good. Do not apply if you want work life balance.

Skill development - Poor

+4 more

Investment Banking Associate in Mumbai

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 01 Nov 2023

1.0

for Salary and Benefits

Likes

Nothing, don't ever join that firm. I really lost my confidence because of the toxic work environment. I got scared whether I will be able to work other firms or not. It took me alot to gain my confidence back.

Dislikes

Everything

Salary - Bad

+6 more

Investment Banking in Malad

Full Time

Finance & Accounting Department

2.0

• posted on 07 Oct 2022

2.0

for Salary and Benefits

Likes

At start you will get to learn basic of IB sector that to you have read and understand it on your own. Colleagues are good.

Dislikes

As such many, There is no work life balance you will be tottered for completion of work. MD himself keeps watch on you continuously even you cannot talk to other employee. Unnecessary work load. Daily new rules applied. without your concern rules are being changed very less yearly leaves. Long Working hours all days only work ,even when it not required. Expectations very high. No Appreciation but definitely you will have to listen a lot if any mistake. Employee strenght is very very low. Bad environment all negative vibes there because of strict behavior by the MD himself

Salary - Poor

+6 more

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AmbitionBox

New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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Monal Capital Associate Salary FAQs

What is the salary of Associate at Monal Capital Mumbai?

Associate salary at Monal Capital in Mumbai ranges between ₹1.0 Lakhs to ₹3.3 Lakhs for less than 1 year of experience to 2 years. According to our estimates it is 69% less than the average Associate Salary in India. Salary estimates are based on 8 latest salaries received from various employees of Monal Capital Mumbai.

How does the salary of a Associate at Monal Capital Mumbai compare with the average salary range for this job?

The average salary of a Associate at Monal Capital is 69% less than the average salary of a Associate in Mumbai. To know exact salary insights, login to view.

What are the top skills required to work as a Associate at Monal Capital?

Financial Analysis, Power Point Presentation, Ratio Analysis, Report Writing and Database are some of the popular skills required to work as a Associate at Monal Capital Mumbai.

Which similar companies are paying more than Monal Capital to a Associate in Mumbai?

JPMorgan Chase & Co. Associate Salary - ₹9.9 Lakhs to ₹35.0 Lakhs per year
PwC Associate Salary - ₹5.8 Lakhs to ₹19.0 Lakhs per year
Ernst & Young Associate Salary - ₹4.6 Lakhs to ₹19.0 Lakhs per year
Deloitte Associate Salary - ₹6.4 Lakhs to ₹13.8 Lakhs per year
LTIMindtree Associate Salary - ₹2.0 Lakhs to ₹6.0 Lakhs per year

What is the salary of a Associate in companies similar to Monal Capital in Mumbai?

Accenture Associate Salary - ₹1.2 Lakhs to ₹8.5 Lakhs per year
Capgemini Associate Salary - ₹1.0 Lakhs to ₹7.0 Lakhs per year
Axis Bank Associate Salary - ₹2.1 Lakhs to ₹5.0 Lakhs per year
TCS Associate Salary - ₹1.0 Lakhs to ₹6.0 Lakhs per year
Larsen & Toubro Limited Associate Salary - ₹1.5 Lakhs to ₹4.8 Lakhs per year

What is the estimated take home salary of a Associate at Monal Capital in Mumbai?

The estimated take-home salary of a Associate at Monal Capital ranges between ₹16,841 per month to ₹18,552 per month in Mumbai. The take-home salary calculation is based on the average Monal Capital Associate salary in India which ranges between ₹1.0 Lakhs to ₹3.3 Lakhs per year for employees with less than 1 year of experience to 2 years. Check how did we calculate take home salary?

What is the notice period for Associate at Monal Capital in Mumbai?

According to AmbitionBox, 100% of the Monal Capital 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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Monal Capital Associate Salaries in Mumbai

Monal Capital Associate salary in Mumbai ranges between ₹1 Lakh to ₹3.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 Monal Capital latest salaries received from various employees of Monal Capital.