Narnolia Financial Advisors Mumbai Equity Research Associate Salaries by 8 Employees (Updated 2025)

1 - 5 years exp.

₹4.8 Lakhs - ₹6 Lakhs

Salary of majority employees

58% less than the average Equity Research Associate Salary in Financial Services Companies for 1 - 5 years of experience

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Last Updated: 15 Sep 2023

Companies similar to Narnolia Financial Advisors for Equity Research Associate in Mumbai

Narnolia Financial Advisors Equity Research Associate Salary

1 - 5 years exp. (8 salaries)

₹4.8 L/yr - ₹6 L/yr

Company name	Avg Annual Salary	Open Jobs
Motilal Oswal Financial Services Equity Research Associate Salary 1 - 4 years exp. (8 salaries)	₹6 L/yr - ₹14.3 L/yr 58% more
Edelweiss Equity Research Associate Salary 0 - 4 years exp. (10 salaries)	₹13 L/yr - ₹16 L/yr 153% more
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IIFL Finance Equity Research Associate Salary 0 - 4 years exp. (4 salaries)	₹12 L/yr - ₹20 L/yr 169% more
HDFC Securities Equity Research Associate Salary 0 - 6 years exp. (17 salaries)	₹7 L/yr - ₹28 L/yr 172% more
Kotak Securities Equity Research Associate Salary 0 - 2 years exp. (4 salaries)	₹2.3 L/yr - ₹5.2 L/yr 35% less
ICICI Securities Equity Research Associate Salary 0 - 7 years exp. (14 salaries)	₹7 L/yr - ₹20 L/yr 141% more
Axis Direct Equity Research Associate Salary 1 - 2 years exp. (9 salaries)	₹4 L/yr - ₹7.2 L/yr 18% more
Reliance Securities Equity Research Associate Salary 4 - 7 years exp. (4 salaries)	₹8 L/yr - ₹9 L/yr 48% more
PhillipCapital Equity Research Associate Salary 1 - 9 years exp. (10 salaries)	₹8 L/yr - ₹23 L/yr 204% more

Equity Research Associate salary at Narnolia Financial Advisors ranges between ₹4.8 Lakhs to ₹6 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 8 latest salaries received from various employees of Narnolia Financial Advisors.

Experience wise Narnolia Financial Advisors Equity Research Associate salaries in Mumbai

Last Updated: 15 Sep 2023

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹5 L/yr - ₹10.2 L/yr
2 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹10.3 L/yr
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3 years (3 salaries)	₹5.5 L/yr - ₹6 L/yr
4 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹6 L/yr
5 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹6 L/yr

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Salary related reviews for Narnolia Financial Advisors

Cluster Product Manager in Mumbai

Product Management Department

3.0

• posted on 27 May 2022

3.0

for Salary and Benefits

Likes

U can learn new things in this company and as per job security is average and company policy is also average not so high.

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Management Pay scale Senior management Travelling policy If employees are doing good then also u will not make any increase in pay then how can employees will retain.

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a social media specialist

Salary Expectations

I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards. I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high. What should be the ideal salary expectation for someone with my experience in the current market?

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Narnolia Financial Advisors Equity Research Associate Salary FAQs

What is the salary of Equity Research Associate at Narnolia Financial Advisors Mumbai?

Equity Research Associate salary at Narnolia Financial Advisors in Mumbai ranges between ₹4.8 Lakhs to ₹6.0 Lakhs for experience between 1 years to 5 years. According to our estimates it is 58% less than the average Equity Research Associate Salary in India. Salary estimates are based on 8 latest salaries received from various employees of Narnolia Financial Advisors Mumbai.

How does the salary of a Equity Research Associate at Narnolia Financial Advisors Mumbai compare with the average salary range for this job?

The average salary of a Equity Research Associate at Narnolia Financial Advisors is 58% less than the average salary of a Equity Research Associate in Mumbai. To know exact salary insights, login to view.

Which similar companies are paying more than Narnolia Financial Advisors to a Equity Research Associate in Mumbai?

PhillipCapital Equity Research Associate Salary - ₹8.0 Lakhs to ₹23.0 Lakhs per year
HDFC Securities Equity Research Associate Salary - ₹7.0 Lakhs to ₹28.0 Lakhs per year
IIFL Finance Equity Research Associate Salary - ₹12.0 Lakhs to ₹20.0 Lakhs per year
Edelweiss Equity Research Associate Salary - ₹13.0 Lakhs to ₹16.0 Lakhs per year
ICICI Securities Equity Research Associate Salary - ₹7.0 Lakhs to ₹20.0 Lakhs per year

What is the salary of a Equity Research Associate in companies similar to Narnolia Financial Advisors in Mumbai?

Motilal Oswal Financial Services Equity Research Associate Salary - ₹6.0 Lakhs to ₹14.3 Lakhs per year
Reliance Securities Equity Research Associate Salary - ₹8.0 Lakhs to ₹9.0 Lakhs per year
Axis Direct Equity Research Associate Salary - ₹4.0 Lakhs to ₹7.2 Lakhs per year
Kotak Securities Equity Research Associate Salary - ₹2.3 Lakhs to ₹5.2 Lakhs per year

What is the estimated take home salary of a Equity Research Associate at Narnolia Financial Advisors in Mumbai?

The estimated take-home salary of a Equity Research Associate at Narnolia Financial Advisors ranges between ₹43,618 per month to ₹44,729 per month in Mumbai. The take-home salary calculation is based on the average Narnolia Financial Advisors Equity Research Associate salary in India which ranges between ₹4.8 Lakhs to ₹6.0 Lakhs per year for employees with experience between 1 years to 5 years. Check how did we calculate take home salary?

What is the notice period for Equity Research Associate at Narnolia Financial Advisors in Mumbai?

According to AmbitionBox, 100% of the Narnolia Financial Advisors Equity Research Associates in Mumbai reported a notice period of 2 Months.This is based on 1 response on AmbitionBox in last 2 years.

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Narnolia Financial Advisors Equity Research Associate Salaries in Mumbai

Narnolia Financial Advisors Equity Research Associate salary in Mumbai ranges between ₹4.8 Lakhs to ₹6 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 Narnolia Financial Advisors latest salaries received from various employees of Narnolia Financial Advisors.