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3.8

based on 2.5k Reviews

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Motilal Oswal Financial Services Financial Advisor salaries in Mumbai

Annual salary range
0 - 5 years exp.
₹1.6 Lakh - ₹6.3 Lakhs
Salary of majority employees
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21% less than the average Financial Advisor Salary in Financial Services Companies for 0 - 5 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

Finance & Accounting
Financial Advisor Salary
0 - 5 years exp. (88 salaries)
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₹1.6 L/yr - ₹6.3 L/yr

BFSI, Investments & Trading
Financial Advisor Salary
0 - 5 years exp. (76 salaries)
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₹1.9 L/yr - ₹5.5 L/yr

Sales & Business Development
Financial Advisor Salary
0 - 4 years exp. (8 salaries)
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₹1.8 L/yr - ₹4.3 L/yr

Data Science & Analytics
Financial Advisor Salary
0 - 5 years exp. (7 salaries)
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₹1.8 L/yr - ₹4.3 L/yr

Customer Success, Service & Operations
Financial Advisor Salary
0 - 5 years exp. (6 salaries)
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₹2 L/yr - ₹4 L/yr

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Last Updated: 12 Jan 2025

Companies similar to Motilal Oswal Financial Services for Financial Advisor in Mumbai

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Motilal Oswal Financial Services Financial Advisor Salary

0 - 5 years exp. (247 salaries)

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₹1.6 L/yr - ₹6.3 L/yr

vs
Company name Avg Annual Salary Open Jobs
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HDFC Bank Financial Advisor Salary

1 - 3 years exp. (4 salaries)

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₹2 L/yr - ₹4 L/yr

arrow icon 20% less
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ICICI Bank Financial Advisor Salary

2 - 4 years exp. (3 salaries)

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₹1.8 L/yr - ₹4 L/yr

arrow icon 17% less
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Motilal Oswal Financial Advisor Salary

0 - 4 years exp. (19 salaries)

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₹1 L/yr - ₹4 L/yr

arrow icon 32% less
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Edelweiss Financial Advisor Salary

0 - 8 years exp. (17 salaries)

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₹2.4 L/yr - ₹8 L/yr

arrow icon 27% more
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JPMorgan Chase & Co. Financial Advisor Salary

3 - 10 years exp. (10 salaries)

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₹3.3 L/yr - ₹9 L/yr

arrow icon 44% more
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HDFC Securities Financial Advisor Salary

0 - 5 years exp. (6 salaries)

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₹2.2 L/yr - ₹4 L/yr

arrow icon 20% less
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ICICI Securities Financial Advisor Salary

0 - 5 years exp. (5 salaries)

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₹3 L/yr - ₹6.5 L/yr

arrow icon 36% more
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Bajaj Capital Financial Advisor Salary

1 - 4 years exp. (5 salaries)

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₹2.4 L/yr - ₹6 L/yr

arrow icon 15% less
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Kotak Securities Financial Advisor Salary

0 - 6 years exp. (4 salaries)

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₹2.3 L/yr - ₹4 L/yr

arrow icon 4% less
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₹2.2 L/yr - ₹3 L/yr

arrow icon 20% less
Financial Advisor salary at Motilal Oswal Financial Services ranges between ₹1.6 Lakh to ₹6.3 Lakhs per year for employees with less than 1 year of experience to 5 years. Salary estimates are based on 247 latest salaries received from various employees of Motilal Oswal Financial Services.

Latest annual salaries shared by Motilal Oswal Financial Services Financial Advisor in Mumbai

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Experience wise Motilal Oswal Financial Services Financial Advisor salaries in Mumbai

Last Updated: 12 Jan 2025

Experience Avg Annual Salary
Fresher  (66 salaries)

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₹1.6 L/yr - ₹4.5 L/yr
1 year  (97 salaries)

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₹1.8 L/yr - ₹4.6 L/yr
2 years  (51 salaries)

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₹1.8 L/yr - ₹6.3 L/yr
3 years  (19 salaries)

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₹1.9 L/yr - ₹5 L/yr
4 years  (9 salaries)

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₹2.2 L/yr - ₹5 L/yr
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Similar Designation salaries in Motilal Oswal Financial Services

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₹2.75 L/yr - ₹11 L/yr
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₹1.5 L/yr - ₹4.75 L/yr
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₹4 L/yr - ₹10 L/yr
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₹0.6 L/yr - ₹8 L/yr
Analyst Salary
(4 salaries)
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₹3.5 L/yr - ₹6 L/yr
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₹3.75 L/yr - ₹4.8 L/yr

Top skills at Motilal Oswal Financial Services for Financial Advisor

Equity Broking Stock Broking Mutual Funds Sales Advising

Salary related reviews for Motilal Oswal Financial Services

3.5

Rated by 55 employees for salary & benefits

Full Time

 · 

BFSI, Investments & Trading Department

5.0
  •  posted on 20 Nov 2024

5.0
 for  Salary and Benefits

Likes

Employees often appreciate Motilal Oswal Financial Services for its excellent learning opportunities, supportive work environment, career growth prospects, comprehensive training programs, and recognition of performance. You don't have to get ur own Client base and work on them where elsewhere u have to source clients and trade brokrage on them. Hr priya yadav and sayli unni are super professional and helpful in all cases , Motilal Oswal is employee oriented they think about employees but TLS think about their incentive hence pressure is there , likewise. People are friendly supportive

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Dislikes

Employees often dislike the high work pressure, aggressive sales targets, below-industry-average compensation for some roles, and limited work-life balance. It's purely sales sales sales sales like insurance, tgs , sip , pms , and brokerage pressure is very much , like fno and brokerage is very high , client definitely goes in loss and end up losing hard earned money , that's where I felt i should leave because charging so high brokerage it gets hard to provide service to client and profits too , market is uncertain no guarantee client will trade or not still we employee have immense pressure to work and get business, sometimes TLS also pressure alot , salary when I joined was less , and they hire everyone like freshers with no market experience and no interest in this field in this case the client suffers.

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Full Time

 · 

Finance & Accounting Department

1.0
  •  posted on 15 Apr 2022

1.0
 for  Salary and Benefits

Likes

Nothing in special. It's just a call center where you get your salary on time

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Dislikes

Motilal oswal is home to unethical practices all the way. They give fake promises about providing incentives after completion of a given target. Bosses just use you to take a promotion for themselves and there are girls who don't even know what markets are still get raises by licking their bosses 🙂

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Full Time

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Finance & Accounting Department

1.0
  •  posted on 22 Dec 2022

1.0
 for  Salary and Benefits

Likes

Nothing. From day one you will get pressurized. Day you will be forced to wait till 8 30 in the evening and in the morning you will have to reach by 8.15 or else your paid leave will get deducted.

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Dislikes

To much of pressure even for freshers. The TL nd manager would force you to abscond from the job and you won't get and relieving letter as well as you notice period salary. There are case where people have done 3 month notice period but still didn't got any thing. neither the salary nor the experience letter. Totally biased place if you are a girl and you show cleavage then you won't get much pressure but for other it would be triple. You will work here for 12 to 13 hours and your personal life would be hell . The Tl and manager are 12 and b com graduate who really don't have any knowledge. They don't even care for the client because of which majority of the data is inactive and you will be forced to call on the number which are inactive for almost 10 year. Daily you will have to daily 500 to 600 call and your ear would start paining by the end of the day. And then also you would be hearing bad words from you TL and manager. Their log say great place to work. But in actually life it worst place to work. The client are currently doing police complaint on the advisor for destroying there portfolio. Don't do a mistake like me by joining it your career would be at a end and this bustard would laugh at it.

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Finance & Accounting Department

3.0
  •  posted on 16 Aug 2020

4.0
 for  Salary and Benefits

Likes

...inancial market and teammates are so supportive and the management is also good.there is a huge cafeteria and appraisals is also fair and they give good salary hike and incentives is quite impressive.

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Dislikes

The working hours are so strict and it’s a kind of sales job so there is too much pressure to complete the Many targets at a time other than these I didn’t find any othe problem.

read more

Full Time

 · 

Customer Success, Service & Operations Department

3.0
  •  posted on 19 Dec 2024

3.0
 for  Salary and Benefits

Likes

The team are very good.

Dislikes

...way of talking and words are delivered by Reporting Managers are very dessarter. At the time of appraisal don't hiked the salary as the targets are overachieved.

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Motilal Oswal Financial Services Financial Advisor Salary FAQs

What is the salary of Financial Advisor at Motilal Oswal Financial Services Mumbai?
Financial Advisor salary at Motilal Oswal Financial Services in Mumbai ranges between ₹1.6 Lakhs to ₹6.3 Lakhs for less than 1 year of experience to 5 years. According to our estimates it is 21% less than the average Financial Advisor Salary in India. Salary estimates are based on 247 latest salaries received from various employees of Motilal Oswal Financial Services Mumbai.
How does the salary of a Financial Advisor at Motilal Oswal Financial Services Mumbai compare with the average salary range for this job?
The average salary of a Financial Advisor at Motilal Oswal Financial Services is 21% less than the average salary of a Financial Advisor in Mumbai. To know exact salary insights, login to view.
What are the top skills required to work as a Financial Advisor at Motilal Oswal Financial Services?
Equity Broking, Stock Broking, Mutual Funds Sales and Advising are some of the popular skills required to work as a Financial Advisor at Motilal Oswal Financial Services Mumbai.
Which similar companies are paying more than Motilal Oswal Financial Services to a Financial Advisor in Mumbai?
  • JPMorgan Chase & Co. Financial Advisor Salary - ₹3.3 Lakhs to ₹9.0 Lakhs per year
  • ICICI Securities Financial Advisor Salary - ₹3.0 Lakhs to ₹6.5 Lakhs per year
  • Edelweiss Financial Advisor Salary - ₹2.4 Lakhs to ₹8.0 Lakhs per year
What is the salary of a Financial Advisor in companies similar to Motilal Oswal Financial Services in Mumbai?
  • Kotak Securities Financial Advisor Salary - ₹2.3 Lakhs to ₹4.0 Lakhs per year
  • Bajaj Capital Financial Advisor Salary - ₹2.4 Lakhs to ₹6.0 Lakhs per year
  • ICICI Bank Financial Advisor Salary - ₹1.8 Lakhs to ₹4.0 Lakhs per year
  • Geojit Financial Services Financial Advisor Salary - ₹2.2 Lakhs to ₹3.0 Lakhs per year
  • HDFC Securities Financial Advisor Salary - ₹2.2 Lakhs to ₹4.0 Lakhs per year
What is the estimated take home salary of a Financial Advisor at Motilal Oswal Financial Services in Mumbai?
The estimated take-home salary of a Financial Advisor at Motilal Oswal Financial Services ranges between ₹25,548 per month to ₹26,978 per month in Mumbai. The take-home salary calculation is based on the average Motilal Oswal Financial Services Financial Advisor salary in India which ranges between ₹1.6 Lakhs to ₹6.3 Lakhs per year for employees with less than 1 year of experience to 5 years. Check how did we calculate take home salary?
What is the notice period for Financial Advisor at Motilal Oswal Financial Services in Mumbai?
According to AmbitionBox, 51% of the Motilal Oswal Financial Services Financial Advisors in Mumbai reported a notice period of 3 Months, 22% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 156 responses on AmbitionBox in last 2 years.

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Motilal Oswal Financial Services Financial Advisor salary in Mumbai ranges between ₹1.6 Lakh to ₹6.3 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 247 Motilal Oswal Financial Services latest salaries received from various employees of Motilal Oswal Financial Services.