India
Job
Equity Research Associate

Average Early-Career Equity Research Associate with Financial Modeling Skills Salary in Mumbai, Maharashtra

Pay
Skills
Job Listings
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₹668,000
/ year

Avg. Base Salary (INR)
10%
₹255k
MEDIAN
₹668k
90%
₹2m

The average salary for an Equity Research Associate is ₹668,000 in 2025

Base Salary
₹255k - ₹2m
Bonus
₹49k - ₹197k
Total Pay
₹255k - ₹2m
Based on 12 salary profiles (last updated Aug 11 2024)
Is Average Early-Career Equity Research Associate with Financial Modeling Skills Salary in Mumbai, Maharashtra your job title? Find out what you should be paid
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Find your market worth – how it works:

Common Health Benefits for a Equity Research Associate

Medical
60%
None
40%

Gender Breakdown for Equity Research Associates

Female
62.5%
Male
37.5%
This data is based on 8 survey responses. Learn more about the gender pay gap.
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FAQs About Equity Research Associates

What is the highest pay for Equity Research Associates in Mumbai?

Our data indicates that the highest pay for an Equity Research Associate in Mumbai is ₹2m / year

What is the lowest pay for Equity Research Associates in Mumbai?

Our data indicates that the lowest pay for an Equity Research Associate in Mumbai is ₹255k / year

How can Equity Research Associates increase their salary?

Increasing your pay as an Equity Research Associate is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are an Equity Research Associate that oversees more junior Equity Research Associates, this experience can increase the likelihood to earn more.

WHAT AM I WORTH?
What your skills are worth in the job market is constantly changing.
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