How Much Does an Equity Research Associate Make in Mumbai, IN? Salary Range, Hourly Rate and More
As of April 22, 2025, the average annual salary for an Equity Research Associate in Mumbai, IN is ₹ 13,58,439, with an hourly rate of ₹ 653, according to Salary.com Global Salary IQ data. The average salary ranges from ₹ 11,57,263 to ₹ 17,57,730, influenced by factors like location, education, experience, and more.
Convert Currency to USD| Percentile | Salary | Location | Last Updated |
| 25th Percentile Equity Research Associate Salary | ₹ 11,57,263 | India | April 22, 2025 |
| 50th Percentile Equity Research Associate Salary | ₹ 13,58,439 | India | April 22, 2025 |
| 75th Percentile Equity Research Associate Salary | ₹ 17,57,730 | India | April 22, 2025 |
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How Much Does an Equity Research Associate Make by Hour, Week, Month, and Year?
Last Updated on April 22, 2025Salary.com provides you with accurate and diversified Equity Research Associate salary data based on specialized databases to help you get a fairer salary. The average annual pay for an Equity Research Associate is about ₹ 13,58,439 a year, this translates to an approximate hourly rate of ₹ 653, a monthly salary of about ₹ 1,13,203, and a weekly pay of around ₹ 26,124. Click the switch button below to see more details about Equity Research Associate hourly pay, weekly pay, monthly pay, and so on.
How Much Do Equity Research Associates Earn at Different Levels in 2025?
An Equity Research Associate's salary varies significantly based on experience level. Entry typically earn ₹ 58,494 - ₹ 64,529, while Intermediate make ₹ 59,268 - ₹ 65,303, Senior earn ₹ 62,982 - ₹ 68,965, Specialist earn ₹ 67,266 - ₹ 73,891, Expert can reach ₹ 67,775 - ₹ 74,401 or more, depending on the company and location.
| Levels | Salary |
|---|---|
| Entry Level Equity Research Associate | ₹ 62,672 |
| Intermediate Level Equity Research Associate | ₹ 63,446 |
| Senior Level Equity Research Associate | ₹ 66,926 |
| Specialist Level Equity Research Associate | ₹ 71,683 |
| Expert Level Equity Research Associate | ₹ 72,023 |
| Entry Level | 95% |
| Intermediate Level | 95% |
| Senior Level | 95% |
| Specialist Level | 95% |
| Expert Level | 95% |
Which Job Pays More: Research and Development Associate IV or Equity Research Associate?
As of April 22, 2025 , an Research and Development Associate IV makes more than an Equity Research Associate. An Research and Development Associate IV earns an average annual salary of ₹ 34,43,038. And an Equity Research Associate earns an average annual salary of ₹ 12,53,472.
| Job Title | Location | Salary Range in INR |
|---|---|---|
| Research and Development Associate IV | Mumbai, IN |
|
| Scientific Research Associate IV | Mumbai, IN |
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| R & D Support Associate IV | Mumbai, IN |
|
| Associate Buyer | Mumbai, IN |
|
| Property Acquisitions Associate | Mumbai, IN |
|
Equity Research Associate Job Openings in Mumbai, IN
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