Morningstar Navi Mumbai Associate Quantitative Analyst Salaries by 6 Employees (Updated 2025)

0 - 3 years exp.

₹7.2 Lakhs - ₹12.1 Lakhs

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakh

Monthly In-hand Salary

At par with the average Associate Quantitative Analyst Salary in Financial Services Companies for 0 - 3 years of experience

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Salaries in different departments

Data Science & Analytics Associate Quantitative Analyst Salary 0 - 2 years exp. (3 salaries)	₹7.2 L/yr - ₹12.1 L/yr
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Finance & Accounting Associate Quantitative Analyst Salary 3 years exp. (AmbitionBox Estimate)	₹10.5 L/yr - ₹12 L/yr

Last Updated: 19 Mar 2025

Associate Quantitative Analyst salary at Morningstar ranges between ₹7.2 Lakhs to ₹12.1 Lakhs per year for employees with less than 1 year of experience to 3 years. Salary estimates are based on 6 latest salaries received from various employees of Morningstar.

Experience wise Morningstar Associate Quantitative Analyst salaries in Navi Mumbai

Last Updated: 19 Mar 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹9.6 L/yr - ₹12.3 L/yr
1 year (AmbitionBox Estimate)	₹9.7 L/yr - ₹12.4 L/yr
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2 years (AmbitionBox Estimate)	₹9.8 L/yr - ₹12.5 L/yr
3 years (AmbitionBox Estimate)	₹9.9 L/yr - ₹12.6 L/yr

From

Associate Quantitative Analyst

₹

Lakhs/yr

0 - 3 years exp.

Senior Quantitative Analyst

₹

Lakhs/yr

3 - 6 years exp.

Associate Quantitative Analyst 0 - 3 years exp.

Quantitative Analyst 1 - 5 years exp.

74% hike

Senior Quantitative Analyst 3 - 6 years exp.

38% hike

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

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Top skills at Morningstar for Associate Quantitative Analyst

Fixed Income Python Monitoring Quantitative Analysis Intellectual Property Analytics Equity Research Product Management New Product Development Design Development SQL HTTP SQL Machine Learning Quantitative Research

Salary related reviews for Morningstar

Team Lead in Mumbai

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 24 Dec 2024

1.0

for Salary and Benefits

Likes

Nothing cost cutting it sucks big time

Work-life balance - Good

Dislikes

...ple to work like a BPO, where you will slog for 10-12 hours and give production. Company is working on hiring only freshers salary is peanuts

Salary - Bad

+4 more

Team Lead in Navi Mumbai

Full Time

Risk Management & Compliance Department

5.0

• posted on 27 Jun 2023

3.0

for Salary and Benefits

Likes

--> Excellent work culture --> Promoting learning & skill development --> Growth & Opportunity --> Additional benefits provided (Insurance coverage for self & dependants)

Skill development - Excellent

+5 more

Dislikes

Can improve in terms of being a better pay-master.

Senior Analyst in Navi Mumbai

Full Time

Finance & Accounting Department

1.0

• posted on 04 Mar 2023

1.0

for Salary and Benefits

Likes

Nothing is good about company

Dislikes

...motion activity is very slow and lot of politics. Lack of appreciation for work. Company does not pay well

Salary - Bad

+6 more

Research Associate in Mumbai

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 03 Feb 2025

1.0

for Salary and Benefits

Likes

The company has a great culture, people are treated with respect. Employees are given time to perform if they are struggling. The office has a very flexible time schedule and work hours. As long as the work gets done no one will interfere with when you login or log out. Promotions are dependent on business growth. However, the promotion hikes are barely 20%.

Skill development - Good

+4 more

Dislikes

The company offers very limited pay with 4-6% hike on every appraisal. It's a great company to be at when you are already satisfied with your pay and want to keep pace with inflation. Not when you are looking to grow.

Salary - Bad

+1 more

Senior Research Associate in Mumbai

Full Time

Finance & Accounting Department

2.0

• posted on 02 Feb 2025

1.0

for Salary and Benefits

Likes

On all the negative points that i have mentioned they always keep talking about good work culture which is confined to the fact that you can take leave anytime you want.

Job security - Excellent

+1 more

Dislikes

No skill development, no credible work, very below the average salary. You wouldn't reach a six figure salary even after 4 or 5 years working in the company.

Salary - Bad

+3 more

see more salary related reviews

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I am going for an interview for MDP associate role. But I do have a notice period of 60 days which I mentioned in the application. I don't think my application will be considered after watching this. Do you think the company will wait 60 days for a process they are hiring in bulk

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Morningstar Associate Quantitative Analyst Salary FAQs

What is the salary of Associate Quantitative Analyst at Morningstar in Navi Mumbai?

The average salary of a Associate Quantitative Analyst at Morningstar in Navi Mumbai typically ranges from ₹7.2 Lakhs to ₹12.1 Lakhs per year, depending on experience (from Fresher to 3 years).

The top 10% of Associate Quantitative Analyst in Navi Mumbai at Morningstar earn more than ₹12.1 Lakhs per year, and the top 1% earn over ₹12.1 Lakhs per year. Associate Quantitative Analyst Salaries at Morningstar can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 6 Morningstar employees in India.

What is the estimated take home salary of a Associate Quantitative Analyst at Morningstar in Navi Mumbai?

The estimated take-home salary of a Associate Quantitative Analyst at Morningstar in Navi Mumbai typically ranges from ₹77,608 to ₹79,623 per month. This is based on the average salary range of ₹7.2 Lakhs to ₹12.1 Lakhs per year for employees with experience ranging from Fresher to 3 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 6 salaries received from various employees of Morningstar. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Associate Quantitative Analyst at Morningstar in Navi Mumbai?

To be a Associate Quantitative Analyst at Morningstar in Navi Mumbai, the key skills required include:

- Fixed Income
- Python
- Monitoring
- Quantitative Analysis
- Intellectual Property

These skills are highly valued at Morningstar and are crucial for successful performance in a Software Engineering role.

How the salary growth look like for a Associate Quantitative Analyst at Morningstar in Navi Mumbai?

The salary growth for a Associate Quantitative Analyst at Morningstar in Navi Mumbai depends on factors such as experience, performance, and promotions. On average, a Associate Quantitative Analyst in Navi Mumbai can expect the following growth trajectory at Morningstar:

Experience	Average Salary Range
Fresher	₹9.6 Lakhs to ₹12.3 Lakhs per year
1 year	₹9.7 Lakhs to ₹12.4 Lakhs per year
2 years	₹9.8 Lakhs to ₹12.5 Lakhs per year
3 years	₹9.9 Lakhs to ₹12.6 Lakhs per year

and so on.

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Morningstar Associate Quantitative Analyst Salaries in Navi Mumbai

Morningstar Associate Quantitative Analyst salary in Navi Mumbai ranges between ₹7.2 Lakhs to ₹12.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Morningstar latest salaries received from various employees of Morningstar.