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Morningstar Associate Software Engineer salaries in India (Updated 2025)

Annual salary range
0 - 2 years exp.
₹6 Lakhs - ₹10.3 Lakhs
Salary of majority employees
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Fixed (89%)
₹7.7 Lakhs
Variable (11%)
₹1.0 Lakh
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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)
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₹6 L/yr - ₹10.3 L/yr

Data Science & Analytics
Associate Software Engineer Salary
0 - 2 years exp. (5 salaries)
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₹7.1 L/yr - ₹10 L/yr

IT & Information Security
Associate Software Engineer Salary
0 - 2 years exp. (3 salaries)
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₹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
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₹6.8 L/yr - ₹12 L/yr

arrow icon 15% more
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₹7 L/yr - ₹12.9 L/yr

arrow icon 8% more
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₹9 L/yr - ₹34.4 L/yr

arrow icon 126% more
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Go-Jek Associate Software Engineer Salary

0 - 3 years exp. (9 salaries)

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₹19 L/yr - ₹27 L/yr

arrow icon 166% more
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₹3 L/yr - ₹4.6 L/yr

arrow icon 57% less
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₹3.6 L/yr - ₹9 L/yr

arrow icon 17% less
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₹5.5 L/yr - ₹11.7 L/yr

arrow icon 16% less
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FactSet Associate Software Engineer Salary

0 - 2 years exp. (4 salaries)

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₹10 L/yr - ₹13 L/yr

arrow icon 32% more
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₹12.8 L/yr - ₹16 L/yr

arrow icon 54% more
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₹10.8 L/yr - ₹13.8 L/yr

arrow icon 38% more
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₹4.5 L/yr - ₹5.8 L/yr

arrow icon 43% less
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₹4.5 L/yr - ₹8.5 L/yr

arrow icon 29% less
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Invesco Associate Software Engineer Salary

0 - 11 years exp. (3 salaries)

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₹3.2 L/yr - ₹14.3 L/yr

arrow icon 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

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Experience wise Morningstar Associate Software Engineer salaries

Last Updated: 2 Mar 2025

Experience Avg Annual Salary
Fresher  (23 salaries)

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₹6 L/yr - ₹15 L/yr
1 year  (41 salaries)

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₹6 L/yr - ₹10 L/yr
2 years  (25 salaries)

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₹6.5 L/yr - ₹10.3 L/yr
Morningstar Associate Software Engineer Salary and Career Growth

From

To

Associate Software Engineer

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0 - 2 years exp.

Lead Software Engineer

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6 - 11 years exp.

Associate Software Engineer

0 - 2 years exp.
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Software Engineer

1 - 6 years exp.
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arrow icon 35% hike

Senior Software Engineer

5 - 10 years exp.
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arrow icon 80% 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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₹10 L/yr - ₹28.18 L/yr
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₹17 L/yr - ₹30.5 L/yr
Software Engineer Salary
(329 salaries)
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₹6.6 L/yr - ₹17.15 L/yr
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₹13.7 L/yr - ₹24 L/yr
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₹4 L/yr - ₹10.5 L/yr
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₹10 L/yr - ₹24.61 L/yr
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₹3.83 L/yr - ₹10.3 L/yr
Lead Engineer Salary
(AmbitionBox Estimate)
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₹7.7 L/yr - ₹9.9 L/yr
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₹6.2 L/yr - ₹24.25 L/yr
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₹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 9 employees for salary & benefits

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

read more
  • Salary - Bad
  • +4 more

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)

read more
  • Skill development - Excellent
  • +5 more

Dislikes

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

Full Time

 · 

Finance & Accounting Department

3.0
  •  posted on 02 Jan 2025

4.0
 for  Salary and Benefits

Likes

The work culture is pretty good if you compare it to the Big 4s or the major Indian firms. The work itself is not too stressful, although it depends on your team and the manager.

read more
  • Salary - Good
  • +3 more

Dislikes

Expect absolutely 0% growth in your career and skills during your time here. This is a dead end job which will just be good to pay your bills but kill your growth in the long run. It’s like working at a 100 year old Indian Public Bank with the same systems and processes, copy and paste model. You’ll always feel stuck and frustrated here no matter how long you’ve been here. I’d advise working at a different company where you’ll have to burn the midnight oil for a year, but could equip yourself with the right skills ensuring long term growth. This job is for those who’ve been defeated by luck, who were left with no other choice but to accept this job. If you are in a desperate need of a job, like many people in the country at the moment, then you can go for this one. It’s decent as compared to the toxic environment in other major firms in our nation. But don’t expect any progress in your professional life.

read more
  • Skill development - Bad
  • +1 more

Full Time

 · 

Customer Success, Service & Operations Department

4.0
  •  posted on 25 Dec 2024

5.0
 for  Salary and Benefits

Likes

... life Balance. Structured Training and Excellent Work Culture to learn and grow. In short it's a good company to join for Freshers as it is offering decent package for them.

read more
  • Salary - Excellent
  • +6 more

Dislikes

After a point of time, Promotions and growth are a bit slow. Also the work here what most of the Teams/Departments do is more of Collection in nature and not of that Research.

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Full Time

 · 

Product Management Department

3.0
  •  posted on 23 Jul 2024

1.0
 for  Salary and Benefits

Likes

1) Morningstar is very employee-centric company. 2) Best work-life balance that I have seen 3) Work=life satisfaction and compnay culture are much better than other companies, but at the cost of low pay.

read more
  • Skill development - Good
  • +3 more

Dislikes

1) Morningstar is one of the lowest_paying companies compared to industry standards. 2) There is zero tranparency regarding promotion and appaisals. 3) The company has a very high turnover for the above reasons.

read more
  • Salary - Bad
  • +1 more
see more salary related reviews

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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 ₹10.8 Lakhs to ₹13.8 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.

Tell us how to improve this page.

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