Nirmal Bang Mumbai Equity Research Associate Salaries by 10+ Employees (Updated 2025)

0 - 4 years exp.

₹6 Lakhs - ₹15 Lakhs

Salary of majority employees

25% less than the average Equity Research Associate Salary in Financial Services Companies for 0 - 4 years of experience

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Salaries in different departments

Finance & Accounting Equity Research Associate Salary 1 - 3 years exp. (3 salaries)	₹6 L/yr - ₹10.6 L/yr
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BFSI, Investments & Trading Equity Research Associate Salary 0 - 1 year exp. (AmbitionBox Estimate)	₹8 L/yr - ₹11.5 L/yr

Last Updated: 13 Aug 2024

Companies similar to Nirmal Bang for Equity Research Associate in Mumbai

Nirmal Bang Equity Research Associate Salary

0 - 4 years exp. (11 salaries)

₹6 L/yr - ₹15 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 12% less
Edelweiss Equity Research Associate Salary 0 - 4 years exp. (10 salaries)	₹13 L/yr - ₹16 L/yr 42% more
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ICICI Securities Equity Research Associate Salary 0 - 7 years exp. (14 salaries)	₹7 L/yr - ₹20 L/yr 35% more
HDFC Securities Equity Research Associate Salary 0 - 6 years exp. (17 salaries)	₹7 L/yr - ₹28 L/yr 52% more
Kotak Securities Equity Research Associate Salary 0 - 2 years exp. (4 salaries)	₹2.3 L/yr - ₹5.2 L/yr 64% less
Reliance Securities Equity Research Associate Salary 4 - 7 years exp. (4 salaries)	₹8 L/yr - ₹9 L/yr 17% less
Karvy Stock Broking Equity Research Associate Salary 0 - 3 years exp. (3 salaries)	₹4.3 L/yr - ₹4.7 L/yr 56% less
Axis Direct Equity Research Associate Salary 1 - 2 years exp. (9 salaries)	₹4 L/yr - ₹7.2 L/yr 34% less
Macquarie Group Equity Research Associate Salary 1 - 5 years exp. (4 salaries)	₹22 L/yr - ₹25 L/yr 129% more

Equity Research Associate salary at Nirmal Bang ranges between ₹6 Lakhs to ₹15 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 11 latest salaries received from various employees of Nirmal Bang.

Experience wise Nirmal Bang Equity Research Associate salaries in Mumbai

Last Updated: 13 Aug 2024

Experience	Avg Annual Salary
Fresher (3 salaries)	₹8 L/yr - ₹11 L/yr
1 year (4 salaries)	₹8 L/yr - ₹10 L/yr
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2 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹11 L/yr
3 years (AmbitionBox Estimate)	₹6 L/yr - ₹20.3 L/yr
4 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹15 L/yr

Similar Designation salaries in Nirmal Bang

Research Associate Salary

(11 salaries)

₹5 L/yr - ₹12 L/yr

Equity Dealer Salary

(7 salaries)

₹1.4 L/yr - ₹3 L/yr

Equity Advisor Salary

(4 salaries)

₹2 L/yr - ₹4 L/yr

Research Analyst Salary

(4 salaries)

₹4 L/yr - ₹9.5 L/yr

Salary related reviews for Nirmal Bang

Settlement Department in Malad

Full Time

Other Department

3.0

• posted on 31 Aug 2022

3.0

for Salary and Benefits

Likes

NirmalBang Securities Private Limited is Renowned name in Share Broking Industry.

Dislikes

No bonus at Diwali. Others enjoying Diwali Festival & we not. Company management should think about this, atleast some lumpsome amount must be credited to employees account.

Executive in Malad

Kyc Department

4.0

• posted on 18 Oct 2021

2.0

for Salary and Benefits

Likes

Growth, Opportunity, Work Satisfaction, Manager and HOD appreciation, Healthy culture without Politics and Job Security plus company giving health insurance. HOD also supportive in work as well as in trainning, learning and doing something. If stuck he is ready to work with you on your desk for hours which means giving full attention etc. All seniors are very polite. Transport reimbursement. If anyone is not doing anything extra to learn them teaching them with the advantages and disadvantages. HOD always trying to give more more and more in terms of knowledge.

Dislikes

Low salary in comparison with other companies in same industry, otherwise large size canteen, proper desk, system and HOD support to each and everyone.

Executive

Franchise servicing Department

5.0

• posted on 05 Sep 2018

5.0

for Salary and Benefits

Likes

All teammates are friendly and helpful job duties are perfect and security too is perfect I miss all these would like to get a chance to rejoice this company

Dislikes

There's nothing to dislike about coz all's good there

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2w (edited)

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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Nirmal Bang Equity Research Associate Salary FAQs

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

Equity Research Associate salary at Nirmal Bang in Mumbai ranges between ₹6.0 Lakhs to ₹15.0 Lakhs for less than 1 year of experience to 4 years. According to our estimates it is 25% less than the average Equity Research Associate Salary in India. Salary estimates are based on 11 latest salaries received from various employees of Nirmal Bang Mumbai.

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

The average salary of a Equity Research Associate at Nirmal Bang is 25% 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 to a Equity Research Associate in Mumbai?

Macquarie Group Equity Research Associate Salary - ₹22.0 Lakhs to ₹25.0 Lakhs per year
HDFC Securities Equity Research Associate Salary - ₹7.0 Lakhs to ₹28.0 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 Nirmal Bang 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
Karvy Stock Broking Equity Research Associate Salary - ₹4.3 Lakhs to ₹4.7 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 Nirmal Bang in Mumbai?

The estimated take-home salary of a Equity Research Associate at Nirmal Bang ranges between ₹73,953 per month to ₹75,865 per month in Mumbai. The take-home salary calculation is based on the average Nirmal Bang Equity Research Associate salary in India which ranges between ₹6.0 Lakhs to ₹15.0 Lakhs per year for employees with less than 1 year of experience to 4 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 75% of the Nirmal Bang Equity Research Associates in Mumbai reported a notice period of 3 Months, 25% reported a notice period of 1 Month.This is based on 4 responses on AmbitionBox in last 2 years.

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Nirmal Bang Equity Research Associate Salaries in Mumbai

Nirmal Bang Equity Research Associate salary in Mumbai ranges between ₹6 Lakhs to ₹15 Lakhs with an average annual salary of ₹. Salary estimates are based on 11 Nirmal Bang latest salaries received from various employees of Nirmal Bang.