Rand Merchant Bank Mumbai Salaries by 20+ Employees (Updated 2025)

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Finance & Accounting BFSI, Investments & Trading

Designation	Avg Annual Salary	Open Jobs
Quant Analyst 6 - 9 years exp. · Mumbai (4 salaries)	₹26.5 L/yr - ₹32 L/yr
Starting your career? Discover Rand Merchant Bank fresher salaries in India
Credit Analyst 3 - 9 years exp. · Mumbai (3 salaries)	₹12.5 L/yr - ₹35 L/yr
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Starting your career? Discover Rand Merchant Bank fresher salaries in India
Quantitative Analyst 5 - 7 years exp. · Mumbai (3 salaries)	₹16.5 L/yr - ₹27.5 L/yr
Starting your career? Discover Rand Merchant Bank fresher salaries in India
Market Risk Analyst 2 - 4 years exp. · Mumbai (3 salaries)	₹15 L/yr - ₹18.5 L/yr
Starting your career? Discover Rand Merchant Bank fresher salaries in India
Application Analyst 5 years exp. · Mumbai (AmbitionBox Estimate)	₹12.6 L/yr - ₹16.1 L/yr
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Valuation Analyst 8 years exp. · Mumbai (AmbitionBox Estimate)	₹9.9 L/yr - ₹12.7 L/yr
Starting your career? Discover Rand Merchant Bank fresher salaries in India
Technical Analyst 12 years exp. · Mumbai (AmbitionBox Estimate)	₹22.5 L/yr - ₹28.8 L/yr
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Team Lead 12 years exp. · Mumbai (AmbitionBox Estimate)	₹54.2 L/yr - ₹59.9 L/yr
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Program Manager 18 years exp. · Mumbai (AmbitionBox Estimate)	₹48.5 L/yr - ₹53.6 L/yr
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Credit Risk Analyst 7 years exp. · Mumbai (AmbitionBox Estimate)	₹24.8 L/yr - ₹31.6 L/yr
Starting your career? Discover Rand Merchant Bank fresher salaries in India

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My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Salary related reviews for Rand Merchant Bank

5.0

Rated by 3 employees for salary & benefits

Quant Analyst in Navi Mumbai

BFSI, Investments & Trading Department

5.0

• posted on 18 Apr 2022

4.0

for Salary and Benefits

Likes

Lot of learning opportunities, freedom to get work done in your own way, more than sufficient internal mobility, direct interaction with the management

Salary - Good

+6 more

Dislikes

Lack of exposure to developed markets like New York, Singapore, Tokyo; limited scope of products, though it's improving

see more salary related reviews

Know more about Rand Merchant Bank Mumbai

Rand Merchant Bank Salary FAQs

How much does Rand Merchant Bank pay to its employees?

The average annual salary at Rand Merchant Bank varies depending on the role, experience, and location. The salary ranges for some popular designations at Rand Merchant Bank, are as follows:

Quant Analyst	₹26.5 Lakhs to ₹32 Lakhs per year
Credit Analyst	₹12.5 Lakhs to ₹35 Lakhs per year
Quantitative Analyst	₹16.5 Lakhs to ₹27.5 Lakhs per year
Market Risk Analyst	₹15 Lakhs to ₹18.5 Lakhs per year

The highest-paying role, Credit Analyst, earns between ₹12.5 Lakhs to ₹50.2 Lakhs per year. The top 10% of employees earn more than ₹42 Lakhs per year, and the top 1% earn over ₹57 Lakhs per year. Salaries at Rand Merchant Bank 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 20 salaries submitted by Rand Merchant Bank employees. Rand Merchant Bank is rated 5.0 out of 5 stars by its employees on the salary and benefits parameter.

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Average annual salary in Rand Merchant Bank , Mumbai is INR . Salary estimates are based on 20+ Rand Merchant Bank latest salaries received from various employees of Rand Merchant Bank.