Upload Button Icon Add office photos

Morgan Stanley

Compare button icon Compare button icon Compare
filter salariesFilter salaries by

Morgan Stanley Associate salaries in Mumbai (Updated 2025)

Annual salary range
0 - 11 years exp.
₹5 Lakhs - ₹21 Lakhs
Salary of majority employees
unlock blur
Fixed (89%)
₹10.9 Lakhs
Variable (11%)
₹1.4 Lakh
unlock blur

55% more than the average Associate Salary in Financial Services Companies for 0 - 11 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

Finance & Accounting
Associate Salary
0 - 11 years exp. (790 salaries)
unlock-blur

₹5 L/yr - ₹20 L/yr

BFSI, Investments & Trading
Associate Salary
0 - 11 years exp. (520 salaries)
unlock-blur

₹5 L/yr - ₹20 L/yr

Customer Success, Service & Operations
Associate Salary
0 - 11 years exp. (180 salaries)
unlock-blur

₹4.7 L/yr - ₹20 L/yr

Risk Management & Compliance
Associate Salary
0 - 11 years exp. (157 salaries)
unlock-blur

₹6.7 L/yr - ₹24.2 L/yr

Data Science & Analytics
Associate Salary
0 - 11 years exp. (62 salaries)
unlock-blur

₹6.5 L/yr - ₹22.4 L/yr

View all

Last Updated: 22 Mar 2025

Companies similar to Morgan Stanley for Associate in Mumbai

Logo
Morgan Stanley Associate Salary

0 - 11 years exp. (2.2k salaries)

unlock blur

₹5 L/yr - ₹21 L/yr

vs
Company name Avg Annual Salary Open Jobs
Logo
JPMorgan Chase & Co. Associate Salary

1 - 17 years exp. (3k salaries)

unlock blur

₹10 L/yr - ₹43.1 L/yr

arrow icon 97% more
58 job openings
Logo
BNP Paribas Associate Salary

0 - 5 years exp. (300 salaries)

unlock blur

₹2 L/yr - ₹10 L/yr

arrow icon 59% less
Logo
State Street Corporation Associate Salary

0 - 6 years exp. (182 salaries)

unlock blur

₹2 L/yr - ₹6 L/yr

arrow icon 70% less
Logo
Marsh McLennan Associate Salary

0 - 6 years exp. (149 salaries)

unlock blur

₹1.8 L/yr - ₹4.3 L/yr

arrow icon 75% less
Logo
Citicorp Associate Salary

0 - 10 years exp. (96 salaries)

unlock blur

₹11.1 L/yr - ₹26 L/yr

arrow icon 25% more
Logo
Ocwen Financial Solutions Associate Salary

1 - 6 years exp. (38 salaries)

unlock blur

₹1.9 L/yr - ₹5 L/yr

arrow icon 68% less
Logo
Bnp Paribas Securities Associate Salary

0 - 3 years exp. (34 salaries)

unlock blur

₹2.4 L/yr - ₹5 L/yr

arrow icon 71% less
Logo
UBS Associate Salary

1 - 10 years exp. (32 salaries)

unlock blur

₹5.2 L/yr - ₹17.8 L/yr

arrow icon 4% more
Logo
BNY Associate Salary

2 - 10 years exp. (25 salaries)

unlock blur

₹4 L/yr - ₹16.1 L/yr

arrow icon 27% less
7 job openings
Logo
Aditya Birla Capital Associate Salary

0 - 6 years exp. (13 salaries)

unlock blur

₹2.1 L/yr - ₹6 L/yr

arrow icon 69% less
Logo
HSBC Group Associate Salary

1 - 7 years exp. (11 salaries)

unlock blur

₹3.8 L/yr - ₹15.5 L/yr

arrow icon 23% less
1 job opening
unlock blur

₹2.5 L/yr - ₹3.7 L/yr

arrow icon 72% less
Logo
IDFC FIRST Bharat Associate Salary

0 - 4 years exp. (3 salaries)

unlock blur

₹2.2 L/yr - ₹2.5 L/yr

arrow icon 81% less
Logo
RBL FinServe Associate Salary

1 - 4 years exp. (3 salaries)

unlock blur

₹1.2 L/yr - ₹3 L/yr

arrow icon 80% less
Associate salary at Morgan Stanley ranges between ₹5 Lakhs to ₹21 Lakhs per year for employees with less than 1 year of experience to 11 years. Salary estimates are based on 2.2k latest salaries received from various employees of Morgan Stanley.

Latest annual salaries shared by Morgan Stanley Associate in Mumbai

2d ago
avg blur mobile
1 year exp.
2d ago
avg blur mobile
6 years exp.
2d ago
avg blur mobile
4 years exp.
2d ago
avg blur mobile
2 years exp.
3d ago
avg blur mobile
9 years exp.
3d ago
avg blur mobile
4 years exp.
3d ago
avg blur mobile
8 years exp.
3d ago
avg blur mobile
7 years exp.
3d ago
avg blur mobile
4 years exp.
3d ago
avg blur mobile
3 years exp.

Experience wise Morgan Stanley Associate salaries in Mumbai

Last Updated: 22 Mar 2025

Experience Avg Annual Salary
Fresher  (77 salaries)

unlock blur

₹5.2 L/yr - ₹18 L/yr
1 year  (110 salaries)

unlock blur

₹4.8 L/yr - ₹18 L/yr
2 years  (158 salaries)

unlock blur

₹5.1 L/yr - ₹19.2 L/yr
3 years  (248 salaries)

unlock blur

₹5 L/yr - ₹17 L/yr
4 years  (337 salaries)

unlock blur

₹5 L/yr - ₹20.9 L/yr
View all
Morgan Stanley Associate Salary and Career Growth

From

To

Associate

unlock blur Lakhs/yr

0 - 11 years exp.

Executive Director

unlock blur Lakhs/yr

15 - 23 years exp.

Associate

0 - 11 years exp.
unlock blur

Senior Associate

0 - 8 years exp.
unlock blur
arrow icon 38% hike

Manager

2 - 11 years exp.
unlock blur
arrow icon 44% hike
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 Morgan Stanley

Senior Associate Salary
(790 salaries)
unlock blur
₹7 L/yr - ₹28.33 L/yr
Team Lead Salary
(99 salaries)
unlock blur
₹7 L/yr - ₹19.06 L/yr
Technical Lead Salary
(17 salaries)
unlock blur
₹15 L/yr - ₹42.5 L/yr
unlock blur
₹3.3 L/yr - ₹11 L/yr
Java Developer Salary
(6 salaries)
unlock blur
₹7.71 L/yr - ₹28 L/yr
unlock blur
₹14 L/yr - ₹30 L/yr

Top skills at Morgan Stanley for Associate

Financial Services Investment Banking Risk Management Wealth Management Investment Management

Salary related reviews for Morgan Stanley

3.6

Rated by 131 employees for salary & benefits

Full Time

 · 

Customer Success, Service & Operations Department

3.0
  •  posted on 24 Jul 2024

3.0
 for  Salary and Benefits

Likes

...d at Morgan Stanley. Medical benifits, career development courses are available. While joining they provide good percent hike over your existing salary.

read more
  • Skill development - Good
  • +1 more

Dislikes

Appraisal hikes are very low, less then market standard. Favouritism happens very frequent, community support culture is followed by senior management. Internal movements are purely dominated and managed by senior management. They don't let you leave team easily, or they spoil your ratings.

read more
  • Job security - Poor
  • +1 more

Full Time

 · 

Risk Management & Compliance Department

2.0
  •  posted on 03 Aug 2024

1.0
 for  Salary and Benefits

Likes

* Flexibility on work location - 3 days WFO, one can work a portion of office work and commute to home to do the rest of the work for a day.

read more
  • Job security - Good

Dislikes

...verall productivity. Due to this, employees generally look down upon each other. * Less than market salary while the work volume remains significant. * Team leaders utilize promotion aspirants for their benefit. * Mid-level managers are incompetent (less hands-on) to help in the work and expect everything to be diligently done at the IC level. Sometimes, they even fail to provide a proper review of the work and a critical review of employee performance. * Overall, very little work ethic.

read more
  • Salary - Bad
  • +4 more

Full Time

 · 

BFSI, Investments & Trading Department

5.0
  •  posted on 28 May 2023

4.0
 for  Salary and Benefits

Likes

Work life balance, if you are someone who values a good culture and looking for a healthy environment to grow your Career Morgan Stanley is the place.

read more
  • Salary - Good
  • +6 more

Dislikes

Salary a Little less than industry standards but they compensate it with benefits and by providing a supportive environment to grow

read more

Full Time

 · 

Finance & Accounting Department

2.0
  •  posted on 11 Oct 2023

4.0
 for  Salary and Benefits

Likes

The culture was nice. People were nice. Salary and benefits were satisfactory.

read more
  • Salary - Good
  • +1 more

Dislikes

The structure in which they put the freshers - a single person in India supporting onshore teams. Flexibility of switching teams.

read more
  • Skill development - Bad
  • +2 more

Full Time

 · 

Finance & Accounting Department

1.0
  •  posted on 21 Dec 2023

3.0
 for  Salary and Benefits

Likes

Pay while joining is good.apart from that nothing was good

Dislikes

Management noth bothered about you having heavy workload, All your problems with managing work are nicely ignored, Too much expectations which you are bound to fail and end up with no raise and bonus

read more
  • Job security - Poor
  • +4 more
see more salary related reviews

Discover interview dos and don'ts from real experiences

Morgan Stanley Associate Salary FAQs

What is the salary of Associate at Morgan Stanley in Mumbai?
The average salary of a Associate at Morgan Stanley in Mumbai typically ranges from ₹5.0 Lakhs to ₹21.0 Lakhs per year, depending on experience (from Fresher to 11 years).

The top 10% of Associate in Mumbai at Morgan Stanley earn more than ₹16.0 Lakhs per year, and the top 1% earn over ₹22.5 Lakhs per year. Associate Salaries at Morgan Stanley 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 2100+ Morgan Stanley employees in India.
What is the estimated take home salary of a Associate at Morgan Stanley in Mumbai?
The estimated take-home salary of a Associate at Morgan Stanley in Mumbai typically ranges from ₹87,207 to ₹89,493 per month. This is based on the average salary range of ₹5.0 Lakhs to ₹21.0 Lakhs per year for employees with experience ranging from Fresher 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 2100+ salaries received from various employees of Morgan Stanley. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Associate at Morgan Stanley in Mumbai?
To be a Associate at Morgan Stanley in Mumbai, the key skills required include:

  • - Financial Services
  • - Investment Banking
  • - Risk Management
  • - Wealth Management
  • - Investment Management

These skills are highly valued at Morgan Stanley and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than Morgan Stanley for Associate in India?
JPMorgan Chase & Co. ₹10.0 Lakhs to ₹43.1 Lakhs per year
Citicorp ₹11.1 Lakhs to ₹26.0 Lakhs per year
UBS ₹5.2 Lakhs to ₹17.8 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Morgan Stanley, depending on the role and experience level.
What is the salary of a Associate in companies similar to Morgan Stanley in Mumbai?
The salary of a Associate at companies similar to Morgan Stanley in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

HSBC Group ₹3.8 Lakhs to ₹15.5 Lakhs per year
BNY ₹4.0 Lakhs to ₹16.1 Lakhs per year
BNP Paribas ₹2.0 Lakhs to ₹10.0 Lakhs per year
Ocwen Financial Solutions ₹1.9 Lakhs to ₹5.0 Lakhs per year
Aditya Birla Capital ₹2.1 Lakhs to ₹6.0 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 at Morgan Stanley in Mumbai?
The salary growth for a Associate at Morgan Stanley in Mumbai depends on factors such as experience, performance, and promotions. On average, a Associate in Mumbai can expect the following growth trajectory at Morgan Stanley:

Experience Average Salary Range
Fresher ₹5.2 Lakhs to ₹18.0 Lakhs per year
1 year ₹4.8 Lakhs to ₹18.0 Lakhs per year
2 years ₹5.1 Lakhs to ₹19.2 Lakhs per year
3 years ₹5.0 Lakhs to ₹17.0 Lakhs per year
and so on.

Tell us how to improve this page.

Morgan Stanley Associate salary in Mumbai ranges between ₹5 Lakhs to ₹21 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 2.2k Morgan Stanley latest salaries received from various employees of Morgan Stanley.