Equity Research Associate salary in Nigeria

Average Yearly Salary of Equity Research Associate in Nigeria is approximately 6,750,777 NGN (8,083 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Equity Research Associate do?

An equity research associate is responsible for conducting thorough analysis and providing insights on companies and industries to support investment decisions. They work closely with equity research analysts and assist in gathering relevant data, conducting financial modeling, and preparing research reports. Equity research associates stay updated on market trends, economic conditions, and industry developments to provide accurate recommendations to clients or internal stakeholders. They may also participate in client meetings, conference calls, and industry events to gather information and build relationships.

Skills: equity research, financial analysis, investment research, market trends, financial modeling, industry analysis
Job industry: Finance

How much does Equity Research Associate make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Equity Research Associate a well paid job?

Yes, our data shows that Equity Research Associate is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Equity Research Associate?

High salary for Equity Research Associate would be somewhere between 7,425,855 NGN and 9,788,627 NGN. However this is an estimation based on Gaussian Distribution.

How much can you save working as Equity Research Associate in Nigeria?

Living in Nigeria the approximate monthly expenses are: 206 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 6,750,777 NGN
Estimated Monthly Salary: 562,565 NGN
Estimated Weekly Salary: 129,823 NGN per week
Estimated Hourly Salary: 3,246 NGN per hour
By working as Equity Research Associate a person can save up to 468 USD per month or 5,616 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Nigeria, see costs of living in Nigeria.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Niger, Chad, Cameroon, Benin.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Equity Research Associate

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

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Data as of 2025

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