Average Equity Research Associate Salary

The top respondents for the job title Equity Research Associate are from the companies Needham & Company, Jefferies & Company, Inc. and Morgan Stanley. Reported salaries are highest at Jefferies & Company, Inc. where the average pay is $110,000. Morgan Stanley pays the lowest at around $75,000.

Skills in Financial Modeling and Valuation are correlated to pay that is above average. Skills that pay less than market rate include Microsoft Excel, Research Analysis and Financial Analysis.

An entry-level Equity Research Associate with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $65,751 based on 61 salaries. An early career Equity Research Associate with 1-4 years of experience earns an average total compensation of $72,699 based on 203 salaries. A mid-career Equity Research Associate with 5-9 years of experience earns an average total compensation of $103,225 based on 46 salaries. An experienced Equity Research Associate with 10-19 years of experience earns an average total compensation of $127,171 based on 11 salaries.

Employees with Equity Research Associate in their job title in San Francisco, California earn an average of 41.5% more than the national average. These job titles also find higher than average salaries in New York, New York (24.7% more) and Boston, Massachusetts (2.4% more). The lowest salaries can be found in Cleveland, Ohio (29.5% less), Seattle, Washington (17.1% less) and Washington, District of Columbia (9.2% less).