Nirmal Bang Institutional Equities Mumbai Equity Research Associate Salaries by 6 Employees (Updated 2025)

0 - 6 years exp.

₹9 Lakhs - ₹12 Lakhs

Salary of majority employees

23% less than the average Equity Research Associate Salary for 0 - 6 years of experience

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Last Updated: 18 Feb 2025

Companies similar to Nirmal Bang Institutional Equities for Equity Research Associate in Mumbai

Nirmal Bang Institutional Equities Equity Research Associate Salary

0 - 6 years exp. (6 salaries)

₹9 L/yr - ₹12 L/yr

Company name	Avg Annual Salary	Open Jobs
JPMorgan Chase & Co. Equity Research Associate Salary 3 - 6 years exp. (36 salaries)	₹22 L/yr - ₹45 L/yr 267% more	1 job opening
Elara Capital Equity Research Associate Salary 1 - 7 years exp. (21 salaries)	₹8.4 L/yr - ₹19 L/yr 25% more	1 job opening
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Dolat Capital Market Equity Research Associate Salary 0 - 6 years exp. (18 salaries)	₹4 L/yr - ₹12.1 L/yr 19% less
Evalueserve Equity Research Associate Salary 1 - 4 years exp. (18 salaries)	₹7 L/yr - ₹10.1 L/yr 14% less
Prabhudas Lilladher Equity Research Associate Salary 0 - 4 years exp. (17 salaries)	₹7 L/yr - ₹11 L/yr 21% less

Equity Research Associate salary at Nirmal Bang Institutional Equities ranges between ₹9 Lakhs to ₹12 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 6 latest salaries received from various employees of Nirmal Bang Institutional Equities.

Experience wise Nirmal Bang Institutional Equities Equity Research Associate salaries in Mumbai

Last Updated: 18 Feb 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹10.8 L/yr - ₹13.8 L/yr
1 year (AmbitionBox Estimate)	₹9.9 L/yr - ₹12.7 L/yr
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2 years (AmbitionBox Estimate)	₹9.9 L/yr - ₹12.7 L/yr
3 years (AmbitionBox Estimate)	₹9 L/yr - ₹11.5 L/yr
6 years (AmbitionBox Estimate)	₹8.1 L/yr - ₹10.3 L/yr

Similar Designation salaries in Nirmal Bang Institutional Equities

Research Associate Salary

(5 salaries)

₹6 L/yr - ₹12 L/yr

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a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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Nirmal Bang Institutional Equities Equity Research Associate Salary FAQs

What is the salary of Equity Research Associate at Nirmal Bang Institutional Equities Mumbai?

Equity Research Associate salary at Nirmal Bang Institutional Equities in Mumbai ranges between ₹9.0 Lakhs to ₹12.0 Lakhs for less than 1 year of experience to 6 years. According to our estimates it is 23% less than the average Equity Research Associate Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Nirmal Bang Institutional Equities Mumbai.

How does the salary of a Equity Research Associate at Nirmal Bang Institutional Equities Mumbai compare with the average salary range for this job?

The average salary of a Equity Research Associate at Nirmal Bang Institutional Equities is 23% 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 Nirmal Bang Institutional Equities to a Equity Research Associate in Mumbai?

JPMorgan Chase & Co. Equity Research Associate Salary - ₹22.0 Lakhs to ₹45.0 Lakhs per year
Elara Capital Equity Research Associate Salary - ₹8.4 Lakhs to ₹19.0 Lakhs per year

What is the salary of a Equity Research Associate in companies similar to Nirmal Bang Institutional Equities in Mumbai?

Evalueserve Equity Research Associate Salary - ₹7.0 Lakhs to ₹10.1 Lakhs per year
Dolat Capital Market Equity Research Associate Salary - ₹4.0 Lakhs to ₹12.1 Lakhs per year
Prabhudas Lilladher Equity Research Associate Salary - ₹7.0 Lakhs to ₹11.0 Lakhs per year

What is the estimated take home salary of a Equity Research Associate at Nirmal Bang Institutional Equities in Mumbai?

The estimated take-home salary of a Equity Research Associate at Nirmal Bang Institutional Equities ranges between ₹76,563 per month to ₹78,548 per month in Mumbai. The take-home salary calculation is based on the average Nirmal Bang Institutional Equities Equity Research Associate salary in India which ranges between ₹9.0 Lakhs to ₹12.0 Lakhs per year for employees with less than 1 year of experience to 6 years. Check how did we calculate take home salary?

What is the notice period for Equity Research Associate at Nirmal Bang Institutional Equities in Mumbai?

According to AmbitionBox, 50% of the Nirmal Bang Institutional Equities Equity Research Associates in Mumbai reported a notice period of 1 Month, 50% reported a notice period of 3 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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Nirmal Bang Institutional Equities Equity Research Associate Salaries in Mumbai

Nirmal Bang Institutional Equities Equity Research Associate salary in Mumbai ranges between ₹9 Lakhs to ₹12 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Nirmal Bang Institutional Equities latest salaries received from various employees of Nirmal Bang Institutional Equities.

Nirmal Bang Institutional Equities Equity Research Associate salaries in Mumbai (Updated 2025)