Morningstar Associate Software Engineer Salaries by 80+ Employees (Updated 2025)

0 - 2 years exp.

₹6 Lakhs - ₹10.3 Lakhs

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakh

Monthly In-hand Salary

50% more than the average Associate Software Engineer Salary in Financial Services Companies for 0 - 2 years of experience

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Salaries in different departments

Engineering - Software & QA Associate Software Engineer Salary 0 - 2 years exp. (67 salaries)	₹6 L/yr - ₹10.3 L/yr
Data Science & Analytics Associate Software Engineer Salary 0 - 2 years exp. (5 salaries)	₹7.1 L/yr - ₹10 L/yr
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IT & Information Security Associate Software Engineer Salary 0 - 2 years exp. (3 salaries)	₹7.5 L/yr - ₹9.5 L/yr

Last Updated: 2 Mar 2025

Companies similar to Morningstar for Associate Software Engineer

Company name	Avg Annual Salary	Open Jobs
TSYS\|Total System Services Associate Software Engineer Salary 1 - 3 years exp. (55 salaries)	₹6.8 L/yr - ₹12 L/yr 15% more
Franklin Templeton Investments Associate Software Engineer Salary 2 - 7 years exp. (37 salaries)	₹7 L/yr - ₹12.9 L/yr 8% more
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TIAA Global Business Services Associate Software Engineer Salary 4 - 9 years exp. (9 salaries)	₹9 L/yr - ₹34.4 L/yr 126% more
Go-Jek Associate Software Engineer Salary 0 - 2 years exp. (9 salaries)	₹19 L/yr - ₹27 L/yr 166% more
Kotak Securities Associate Software Engineer Salary 0 - 5 years exp. (5 salaries)	₹3 L/yr - ₹4.6 L/yr 57% less
Fidelity International Associate Software Engineer Salary 0 - 2 years exp. (4 salaries)	₹3.6 L/yr - ₹9 L/yr 17% less
Apex Group Associate Software Engineer Salary 1 - 4 years exp. (4 salaries)	₹5.5 L/yr - ₹11.7 L/yr 16% less
FactSet Associate Software Engineer Salary 0 - 2 years exp. (4 salaries)	₹10 L/yr - ₹13 L/yr 32% more
Northern Trust Operating Services Associate Software Engineer Salary 4 - 6 years exp. (4 salaries)	₹12.8 L/yr - ₹16 L/yr 54% more
Macquarie Group Associate Software Engineer Salary 1 - 2 years exp. (4 salaries)	₹12 L/yr - ₹13 L/yr 41% more
Empower Retirement Associate Software Engineer Salary Fresher (4 salaries)	₹4.5 L/yr - ₹5.8 L/yr 43% less
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Sun Life Financial Associate Software Engineer Salary 0 - 2 years exp. (3 salaries)	₹4.5 L/yr - ₹8.5 L/yr 29% less
Invesco Associate Software Engineer Salary 0 - 11 years exp. (3 salaries)	₹3.2 L/yr - ₹14.3 L/yr 5% more

Associate Software Engineer salary at Morningstar ranges between ₹6 Lakhs to ₹10.3 Lakhs per year for employees with less than 1 year of experience to 2 years. Salary estimates are based on 89 latest salaries received from various employees of Morningstar.

Latest annual salaries shared by Morningstar Associate Software Engineer

3d ago

₹10.2 Lakhs

2 years exp.

4d ago

₹8 Lakhs

5 months exp.

5d ago

₹7.5 Lakhs

9 months exp.

2w ago

₹7.1 Lakhs

2 years exp.

3w ago

₹10.2 Lakhs

2 years exp.

1mo ago

2 years exp.

1mo ago

1 year exp.

1mo ago

2 years exp.

2mo ago

2 years exp.

5mo ago

1 year exp.

Experience wise Morningstar Associate Software Engineer salaries

Last Updated: 2 Mar 2025

Experience	Avg Annual Salary
Fresher (23 salaries)	₹6 L/yr - ₹15 L/yr
1 year (41 salaries)	₹6 L/yr - ₹10 L/yr
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2 years (25 salaries)	₹6.5 L/yr - ₹10.3 L/yr

From

Associate Software Engineer

₹

Lakhs/yr

0 - 2 years exp.

Lead Software Engineer

₹

Lakhs/yr

6 - 11 years exp.

Associate Software Engineer

0 - 2 years exp.

Software Engineer

2 - 5 years exp.

42% hike

Senior Software Engineer

5 - 10 years exp.

71% 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.

Similar Designation salaries in Morningstar

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(261 salaries)

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Lead Software Engineer Salary

(53 salaries)

₹17 L/yr - ₹30.5 L/yr

Software Engineer Salary

(319 salaries)

₹6.6 L/yr - ₹18 L/yr

Senior Engineer Salary

(3 salaries)

₹13.7 L/yr - ₹24 L/yr

Associate Consultant Salary

(3 salaries)

₹4 L/yr - ₹10.5 L/yr

Senior Software Developer Salary

(12 salaries)

₹10 L/yr - ₹24.61 L/yr

System Engineer Salary

(4 salaries)

₹3.83 L/yr - ₹10.3 L/yr

Lead Engineer Salary

(AmbitionBox Estimate)

₹7.7 L/yr - ₹9.9 L/yr

Software Developer Salary

(38 salaries)

₹6.2 L/yr - ₹24.25 L/yr

Software Development Engineer Salary

(5 salaries)

₹10 L/yr - ₹14 L/yr

Top skills at Morningstar for Associate Software Engineer

Computer science Shell Scripting Unix Analytics Python Linux SQL Oracle Fixed Income Unit Testing Project Management Consulting Object Oriented Programming AWS Tomcat

Salary related reviews for Morningstar

4.5

Rated by 8 employees for salary & benefits

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.

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

Senior Research Associate in Navi Mumbai

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 25 Jan 2025

2.0

for Salary and Benefits

Likes

They have very good work life balance and they are more like a family company culture is so good but for growth prospects we can't Rely on This.

Job security - Excellent

+3 more

Dislikes

The pay is not upto the mark as compared to other peer companies since they follow median pay. Even after performing Extremely well they pay you very less.

Salary - Poor

see more salary related reviews

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What people are saying about Morningstar

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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 Software Engineer Salary FAQs

What is the salary of Associate Software Engineer at Morningstar ?

The average salary of a Associate Software Engineer at Morningstar in India typically ranges from ₹6.0 Lakhs to ₹10.3 Lakhs per year, depending on experience (from Fresher to 2 years).

The top 10% of Associate Software Engineer at Morningstar earn more than ₹9.8 Lakhs per year, and the top 1% earn over ₹10.2 Lakhs per year. Associate Software Engineer 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 80+ Morningstar employees in India.

What is the estimated take home salary of a Associate Software Engineer at Morningstar in India?

The estimated take-home salary of a Associate Software Engineer at Morningstar in India typically ranges from ₹63,697 to ₹65,318 per month. This is based on the average salary range of ₹6.0 Lakhs to ₹10.3 Lakhs per year for employees with experience ranging from Fresher to 2 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 80+ 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 Software Engineer at Morningstar ?

To be a Associate Software Engineer at Morningstar in india, the key skills required include:

- Computer science
- Shell Scripting
- Unix
- Analytics
- Python

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

Which companies offer higher salaries than Morningstar for Associate Software Engineer in India?

Go-Jek	₹19.0 Lakhs to ₹27.0 Lakhs per year
TIAA Global Business Services	₹9.0 Lakhs to ₹34.4 Lakhs per year
Northern Trust Operating Services	₹12.8 Lakhs to ₹16.0 Lakhs per year
Macquarie Group	₹12.0 Lakhs to ₹13.0 Lakhs per year
FactSet	₹10.0 Lakhs to ₹13.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Morningstar, depending on the role and experience level.

What is the salary of a Associate Software Engineer in companies similar to Morningstar in India?

The salary of a Associate Software Engineer at companies similar to Morningstar in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

TSYS\|Total System Services	₹6.8 Lakhs to ₹12.0 Lakhs per year
Franklin Templeton Investments	₹7.0 Lakhs to ₹12.9 Lakhs per year
Invesco	₹3.2 Lakhs to ₹14.3 Lakhs per year
Apex Group	₹5.5 Lakhs to ₹11.7 Lakhs per year
Fidelity International	₹3.6 Lakhs to ₹9.0 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Associate Software Engineer at Morningstar in India?

The salary growth for a Associate Software Engineer at Morningstar depends on factors such as experience, performance, and promotions. On average, a Associate Software Engineer can expect the following growth trajectory at Morningstar:

Experience	Average Salary Range
Fresher	₹6.0 Lakhs to ₹15.0 Lakhs per year
1 year	₹6.0 Lakhs to ₹10.0 Lakhs per year
2 years	₹6.5 Lakhs to ₹10.3 Lakhs per year

and so on.

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Morningstar Associate Software Engineer Salaries

Morningstar Associate Software Engineer salary in India ranges between ₹6 Lakhs to ₹10.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 89 Morningstar latest salaries received from various employees of Morningstar.

Morningstar Associate Software Engineer salaries in India (Updated 2025)

Companies similar to Morningstar for Associate Software Engineer

Latest annual salaries shared by Morningstar Associate Software Engineer

Experience wise Morningstar Associate Software Engineer salaries

Similar Designation salaries in Morningstar

Top skills at Morningstar for Associate Software Engineer

Salary related reviews for Morningstar

Team Lead in Mumbai

Team Lead in Navi Mumbai

Research Associate in Mumbai

Senior Research Associate in Mumbai

Senior Research Associate in Navi Mumbai

Morningstar Associate Software Engineer Salary FAQs

Tell us how to improve this page.

Morningstar Associate Software Engineer Salaries by Location