Equity Research Analyst
Annual salary range
₹2.6 Lakhs - ₹25.7 Lakhs
Very High Confidence 
Very High Confidence means the data is based on a large number of latest salaries.
AmbitionBox
Search
Reviews
- Reviews
- Salaries
- Interview Questions
- About Company
- Benefits
- Jobs
- Office Photos
- Community
All Filters Equity Research Analyst Salary in India (Updated 2025)
Based on 3.1k
salaries
• Updated:
4 Aug 2025
Select an experience to get the exact salary
Salary of majority employees
Equity Research Analyst Salary in India ranges between ₹2.6 Lakhs to ₹25.7 Lakhs for less than 1 year of experience to 7 years of experience. Salary estimates are based on 3.1k latest salaries received from...
Read more
Explore on this page
Top paying companies 
Popular companies 
Latest annual salaries 
Salaries by experience 
Jobs available
Similar designations 
Salary related reviews 
Top interview questions 
| Company name | Avg. annual salary | Open Jobs |
|---|---|---|
Goldman Sachs Equity Research Analyst Salary
1 year exp |  | |
| | ||
 Equity Research Analyst Salary
1 year exp | | 1 job opening |
 Equity Research Analyst Salary
1 year exp | | |
 Equity Research Analyst Salary
1 year exp | | 5 job openings |
Is this list helpful? | ||
View more companies
| Company Name | Avg. annual salary | Open Jobs |
|---|---|---|
2 -
10
yrs
exp.
(33 salaries)
|
₹18 L/yr - ₹30.4 L/yr | |
1 -
6
yrs
exp.
(30 salaries)
|
₹2.4 L/yr - ₹5.2 L/yr | |
Login to view exact salary
| ||
0 -
5
yrs
exp.
(27 salaries)
|
₹5.5 L/yr - ₹13.8 L/yr | |
1 -
9
yrs
exp.
(26 salaries)
|
₹9.7 L/yr - ₹18.3 L/yr | |
1 yr
exp.
(24 salaries)
|
₹7.6 L/yr - ₹9 L/yr | |
0 -
5
yrs
exp.
(20 salaries)
|
₹8 L/yr - ₹14.7 L/yr | |
2 -
5
yrs
exp.
(18 salaries)
|
₹8.6 L/yr - ₹15 L/yr | 1 job opening |
0 -
2
yrs
exp.
(17 salaries)
|
₹2 L/yr - ₹4.8 L/yr | |
Login to view exact salary
| ||
0 -
6
yrs
exp.
(15 salaries)
|
₹17 L/yr - ₹27 L/yr | |
1 -
7
yrs
exp.
(15 salaries)
|
₹18 L/yr - ₹30 L/yr | |
Latest annual salaries shared by Equity Research Analysts
View all latest salaries
Equity Research Analyst salaries by
| Years of experience | Avg. annual salary |
|---|---|
Fresher
(372
salaries)
| ₹2 L/yr - ₹15 L/yr |
1
year
(874
salaries)
| ₹2.5 L/yr - ₹21 L/yr |
Login to view exact salary
| |
2
years
(667
salaries)
| ₹2.8 L/yr - ₹23 L/yr |
3
years
(489
salaries)
| ₹3 L/yr - ₹26 L/yr |
4
years
(263
salaries)
| ₹3.2 L/yr - ₹27 L/yr |
View all salaries by experience
Equity Research Analyst Jobs in India
Equity Research Analyst
· 7-12 years
Kotak Mahindra Life Insurance Company Limited.
Mumbai
Equity Research Analyst
· 4-7 years
Sutherland
Navi Mumbai
Equity Research Analyst
· 6-12 years
Spectrum Talent Management Private Limited
Similar Designation Salary
| Similar Designation | Avg. annual salary |
|---|---|
Research Analyst Salary
0 -
5
years
exp.
(24.9k salaries)
| ₹1.9 L/yr - ₹10.6 L/yr |
Business Analyst Salary
1 -
9
years
exp.
(1.4L salaries)
| ₹3 L/yr - ₹18 L/yr |
Login to view exact salary
| |
Senior Analyst Salary
2 -
8
years
exp.
(1.7L salaries)
| ₹3.1 L/yr - ₹17 L/yr |
Financial Analyst Salary
1 -
7
years
exp.
(50.2k salaries)
| ₹2.2 L/yr - ₹14 L/yr |
Senior Financial Analyst Salary
2 -
10
years
exp.
(17.8k salaries)
| ₹3.2 L/yr - ₹19.8 L/yr |
View more similar designations
Salary related reviews by similar designations like Equity Research Analyst
JPMorgan Chase & Co.
Analyst
• updated on 27 Apr 2022
Likes
... Hikes and bonus are good.
Dislikes
Nothing
FactSet
Research Analyst
• updated on 01 Jul 2025
Likes
Two way cab facility, subsidised food, can grow within company
Dislikes
Less pay compared to other companies Less increments...
read more
Motilal Oswal Financial Services
Research Analyst
• updated on 02 Sep 2024
Likes
The company is growing well. They do a lot for employee engagement. Diversity is good. You learn and...
read more
Dislikes
The workload is high and Compensation is low.
Top skills for Equity Research Analyst
Equity Research Analyst Salary By Locations
| Locations | Avg. annual salary |
|---|---|
Mumbai
Equity Research Analyst
0 -
7
years
exp.
| ₹3 L/yr - ₹30 L/yr |
Hyderabad / Secunderabad
Equity Research Analyst
0 -
7
years
exp.
| ₹2.6 L/yr - ₹6 L/yr |
Login to view exact salary
| |
Bangalore / Bengaluru
Equity Research Analyst
0 -
7
years
exp.
| ₹3 L/yr - ₹28 L/yr |
New Delhi
Equity Research Analyst
0 -
7
years
exp.
| ₹2.4 L/yr - ₹15 L/yr |
Pune
Equity Research Analyst
0 -
6
years
exp.
| ₹2.4 L/yr - ₹15 L/yr |
View more
Equity Research Analyst Salary By Industries
| Industries | Avg. annual salary |
|---|---|
Financial Services Equity Research Analyst
0 -
7
years
exp.
| ₹2.6 L/yr - ₹29.8 L/yr |
Internet Equity Research Analyst
0 -
7
years
exp.
| ₹2.6 L/yr - ₹12.4 L/yr |
Login to view exact salary
| |
Software Product Equity Research Analyst
0 -
5
years
exp.
| ₹2.6 L/yr - ₹5 L/yr |
Analytics & KPO Equity Research Analyst
0 -
7
years
exp.
| ₹3.8 L/yr - ₹15 L/yr |
IT Services & Consulting Equity Research Analyst
0 -
7
years
exp.
| ₹3 L/yr - ₹24 L/yr |
View more
Frequently Asked Questions (FAQS) about Equity Research Analyst Salaries
What is the salary of a Equity Research Analyst in India?
The salary of a Equity Research Analyst in India varies based on experience, location, company & Industry.
On average, Equity Research Analyst salaries ranges from ₹2.6 Lakhs to ₹25.7 Lakhs per year. Top companies and specialized roles may offer higher compensation.
The average starting salary is around ₹2.6 Lakhs to ₹25.7 Lakhs per year, with the highest salary reaching ₹20.2 Lakhs to ₹35.0 Lakhs per year. Salary estimates are based on 3.1k salaries received from various Equity Research Analysts across industries.
The average starting salary is around ₹2.6 Lakhs to ₹25.7 Lakhs per year, with the highest salary reaching ₹20.2 Lakhs to ₹35.0 Lakhs per year. Salary estimates are based on 3.1k salaries received from various Equity Research Analysts across industries.
What are the top paying companies that employ Equity Research Analysts?
Equity Research Analyst Salaries at Top paying companies in India are
Salaries depend on experience, role, and location. Additional compensation may include bonuses and stock options.
| Goldman Sachs Equity Research Analyst Salary | ₹20.2 Lakhs to ₹35 Lakhs per year |
| JPMorgan Chase & Co. Equity Research Analyst Salary | ₹21.4 Lakhs to ₹34 Lakhs per year |
| William O'Neil & Co Equity Research Analyst Salary | ₹13.7 Lakhs to ₹19 Lakhs per year |
| ICICI Securities Equity Research Analyst Salary | ₹10.4 Lakhs to ₹15.7 Lakhs per year |
| Crisil Equity Research Analyst Salary | ₹8.5 Lakhs to ₹12 Lakhs per year |
What are the top paying cities for Equity Research Analyst in India?
The annual salary for Equity Research Analyst in India varies by location. Top paying cities for Equity Research Analyst are
Salary expectations for Equity Research Analyst may vary based on job roles, experience, and specific employer requirements.
| Equity Research Analyst Salary in Gurgaon / Gurugram | ₹3.0 Lakhs to ₹27.0 Lakhs per year |
| Equity Research Analyst Salary in Mumbai | ₹3.0 Lakhs to ₹30.0 Lakhs per year |
| Equity Research Analyst Salary in Ahmedabad | ₹3.5 Lakhs to ₹21.0 Lakhs per year |
| Equity Research Analyst Salary in Pune | ₹2.4 Lakhs to ₹15.0 Lakhs per year |
| Equity Research Analyst Salary in Chennai | ₹3.6 Lakhs to ₹13.5 Lakhs per year |
What are the top paying industries for Equity Research Analyst in India?
Top 5 paying Industries for Equity Research Analyst in India are:
| Equity Research Analyst Salary in Banking | ₹1.0 Lakhs to ₹55.0 Lakhs per year |
| Equity Research Analyst Salary in Consulting | ₹4.0 Lakhs to ₹35.0 Lakhs per year |
| Equity Research Analyst Salary in Banking / Insurance / Accounting | ₹3.0 Lakhs to ₹31.0 Lakhs per year |
| Equity Research Analyst Salary in Investment Banking / Venture Capital / Private Equity | ₹3.4 Lakhs to ₹31.0 Lakhs per year |
| Equity Research Analyst Salary in IT Services & Consulting | ₹3.0 Lakhs to ₹24.0 Lakhs per year |
What are the fresher salaries as Equity Research Analyst?
Fresher salaries for Equity Research Analyst in India typically range from ₹2 Lakhs to ₹15 Lakhs per year, depending on the company, location, and skill set. Fresher salaries are generally higher in IT Industry than in other Industries in India.
How does experience affect salaries of a Equity Research Analyst in India?
Experience significantly impacts a Equity Research Analyst salary in India. Salaries increase with experience, as Equity Research Analyst take on more complex tasks, responsibilities, and leadership roles.
Equity Research Analyst salary at different experience level are as follows:
and so on.
| Experience | Average Salary Range |
|---|---|
| Fresher | ₹2.0 Lakhs to ₹15.0 Lakhs per year |
| 1 year | ₹2.5 Lakhs to ₹21.0 Lakhs per year |
| 2 years | ₹2.8 Lakhs to ₹23.0 Lakhs per year |
| 3 years | ₹3.0 Lakhs to ₹26.0 Lakhs per year |
Tell us how to improve this page.
Popular Tools
Q1. 1) how many financial statements 2) defference b/w share and debentures 3)why we prepare cash flow s ... read more
asked in
FactSet
View answer (1) Q2. How to do research of the company. How you analysis the company
asked in
Lodha Group
View answer (1) - Home >
- Salaries >
- Equity Research Analyst Salary
Rate your company