Salary of a Research Analyst: In India, Per Month, For Freshers, Average Salary, Experience Wise Salary

Research Analysts collect, analyse and interpret data to provide valuable insights to support decision-making processes in a company. Data collection and analysis, report generation, market research, financial analysis and forecasting are some of the major duties of a Research Analyst. The average annual salary of a Research Analyst in India is INR 3.4 LPA with the highest salary being INR 9 LPA.

To become a Research Analyst, candidates have to enroll in finance, business, statistics or courses from related fields after completing class 12. BCom statistics, BBA Marketing, BSc Finance and MCom Finance are some of the most pursued courses along with similar diploma and certificate courses. Hindu College, Loyola College, Christ University and NMIMS are some of the top colleges offering courses to become a Research Analyst.

Salary of a Research Analyst in India

Research Analysts can earn up to INR 3.4 LPA after substantial years of experience in India. The salary they can expect at the start is INR 1.7 LPA while the highest salary is INR 9 LPA. The monthly salary that a Research Analyst can earn in India is between INR 24,350 to INR 25,773.

Research Analysts possessing experience of about 5 years can earn up to INR 4.5 LPA in India. Business analyst and senior analyst are top designations with average annual salaries of INR 6.9 LPA and INR 6 LPA respectively.

Salary of a Research Analyst: Experience Wise

Experience is an essential factor in deciding a Research Analyst’s salary. Research Analysts with skills and experience are compensated more compared to those who are starting their careers or have less experience. The following table highlights the Research Analyst salaries based on years of experience.

Salary of a Research Analyst: Designation Wise

There are many designations similar to a Research Analyst, each with its own specific duties and responsibilities. Some of the common job titles that are the same as Research Analysts are mentioned in the table below.

Salary of a Research Analyst: Skill Wise

The specific abilities and expertise of a Research Analyst directly influence their earning potential. Research Analysts are required to possess different skills to excel in their roles. The salaries according to different skills are mentioned in the following table.

Salary of a Research Analyst: Qualification Wise

Research Analysts are skilled professionals with expertise in different domains like finance, business, mathematics and statistics. Hence, their salary also vary widely based on their educational qualifications. The following table highlights the salaries of Research Analysts at different qualification levels.

Salary of a Research Analyst: Company Wise

There are many companies and institutes in India that hire Research Analysts to examine their data and make sound business-driven decisions. The table below highlights the salary of some of the top recruiters of Research Analysts in India.

Salary of a Research Analyst: City Wise

The location has a big impact on the salaries of Research Analysts in India. It is a highly competitive profession offering candidates to work in different cities. Research Analyst salaries from some of the top Indian cities are mentioned in the table below.

Salary of a Research Analyst: Country Wise

Research Analysts can find opportunities in other countries also as more companies and institutes understand the need of efficient data management and how it can lead to efficient results. Some of the top countries with good pay for Research Analysts are mentioned in the table below.