Nirmal Bang Institutional Equities Mumbai Salaries by 10+ Employees (Updated 2025)

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Designation	Avg Annual Salary	Open Jobs
Equity Research Associate 0 - 6 years exp. · Mumbai (6 salaries)	₹9 L/yr - ₹12 L/yr
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Research Associate 0 - 3 years exp. · Mumbai (5 salaries)	₹6 L/yr - ₹12 L/yr
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Institutional Equity Research Associate 5 - 6 years exp. · Mumbai (AmbitionBox Estimate)	₹9.1 L/yr - ₹11.6 L/yr
Starting your career? Discover Nirmal Bang Institutional Equities fresher salaries in India
Senior Research Analyst Fresher · Mumbai (AmbitionBox Estimate)	₹24.3 L/yr - ₹31 L/yr
Starting your career? Discover Nirmal Bang Institutional Equities fresher salaries in India
Senior Lead Analyst 19 years exp. · Mumbai (AmbitionBox Estimate)	₹25.9 L/yr - ₹33.1 L/yr
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Research Analyst 5 years exp. · Mumbai (AmbitionBox Estimate)	₹21.6 L/yr - ₹27.6 L/yr
Starting your career? Discover Nirmal Bang Institutional Equities fresher salaries in India
Economist 10 years exp. · Mumbai (AmbitionBox Estimate)	₹32.8 L/yr - ₹41.9 L/yr
Starting your career? Discover Nirmal Bang Institutional Equities fresher salaries in India

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Nirmal Bang Institutional Equities Salary FAQs

How much does Nirmal Bang Institutional Equities pay to its employees?

The average annual salary at Nirmal Bang Institutional Equities varies depending on the role, experience, and location. The salary ranges for some popular designations at Nirmal Bang Institutional Equities, are as follows:

Equity Research Associate	₹9 Lakhs to ₹12 Lakhs per year
Research Associate	₹6 Lakhs to ₹12 Lakhs per year
Institutional Equity Research Associate	₹9.1 Lakhs to ₹11.6 Lakhs per year
Senior Research Analyst	₹24.3 Lakhs to ₹31 Lakhs per year

The highest-paying role, Equity Research Associate, earns between ₹9 Lakhs to ₹12 Lakhs per year. The top 10% of employees earn more than ₹28.2 Lakhs per year, and the top 1% earn over ₹36.4 Lakhs per year. Salaries at Nirmal Bang Institutional Equities 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 salary estimates are based on data from 17 salaries submitted by Nirmal Bang Institutional Equities employees. Nirmal Bang Institutional Equities is rated 3.0 out of 5 stars by its employees on the salary and benefits parameter.

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Average annual salary in Nirmal Bang Institutional Equities , Mumbai is INR . Salary estimates are based on 10+ Nirmal Bang Institutional Equities latest salaries received from various employees of Nirmal Bang Institutional Equities.