Morningstar Mumbai Data Analyst Salaries by 60+ Employees (Updated 2025)

0 - 3 years exp.

₹3 Lakhs - ₹7 Lakhs

Avg. annual salary

Monthly In-hand Salary

12% less than the average Data Analyst Salary in Financial Services Companies for 0 - 3 years of experience

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Salaries in different departments

Finance & Accounting Data Analyst Salary 0 - 3 years exp. (24 salaries)	₹3 L/yr - ₹6.5 L/yr
Data Science & Analytics Data Analyst Salary 0 - 3 years exp. (19 salaries)	₹4 L/yr - ₹7 L/yr
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BFSI, Investments & Trading Data Analyst Salary 0 - 3 years exp. (5 salaries)	₹5 L/yr - ₹5.8 L/yr

Last Updated: 22 Mar 2025

Companies similar to Morningstar for Data Analyst in Mumbai

Morningstar Data Analyst Salary

0 - 3 years exp. (63 salaries)

₹3 L/yr - ₹7 L/yr

Company name	Avg Annual Salary	Open Jobs
Kroll Data Analyst Salary 0 - 3 years exp. (21 salaries)	₹3.2 L/yr - ₹4.5 L/yr 32% less
Franklin Templeton Investments Data Analyst Salary 1 - 8 years exp. (7 salaries)	₹4.5 L/yr - ₹15.6 L/yr 73% more
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Travelex Data Analyst Salary 1 - 5 years exp. (6 salaries)	₹4 L/yr - ₹8 L/yr 7% more
Kotak Securities Data Analyst Salary 1 - 7 years exp. (3 salaries)	₹3 L/yr - ₹9 L/yr 11% more
Sharekhan Data Analyst Salary 1 - 3 years exp. (3 salaries)	₹4 L/yr - ₹5.7 L/yr 12% less
Axis Direct Data Analyst Salary 0 - 11 years exp. (3 salaries)	₹1 L/yr - ₹12 L/yr 3% less

Data Analyst salary at Morningstar ranges between ₹3 Lakhs to ₹7 Lakhs per year for employees with less than 1 year of experience to 3 years. Salary estimates are based on 63 latest salaries received from various employees of Morningstar.

Latest annual salaries shared by Morningstar Data Analyst in Mumbai

2w ago

₹5.3 Lakhs

1 year exp.

2w ago

₹6.5 Lakhs

2 years exp.

1mo ago

₹6 Lakhs

1 year exp.

2mo ago

₹6.5 Lakhs

3 years exp.

2mo ago

₹6.5 Lakhs

3 years exp.

2mo ago

2 years exp.

3mo ago

3 years exp.

4mo ago

1 year exp.

5mo ago

1 year exp.

5mo ago

2 years exp.

Experience wise Morningstar Data Analyst salaries in Mumbai

Last Updated: 22 Mar 2025

Experience	Avg Annual Salary
Fresher (7 salaries)	₹3.4 L/yr - ₹9.9 L/yr
1 year (27 salaries)	₹3.5 L/yr - ₹6.1 L/yr
Login to view exact salary
2 years (21 salaries)	₹3 L/yr - ₹7 L/yr
3 years (8 salaries)	₹5 L/yr - ₹6.5 L/yr

From

Data Analyst

₹

Lakhs/yr

0 - 3 years exp.

Associate Manager

₹

Lakhs/yr

6 - 12 years exp.

Data Analyst

0 - 3 years exp.

Senior Data Research Analyst

0 - 7 years exp.

19% hike

Associate - Team Lead

1 - 10 years exp.

56% 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

Research Analyst Salary

(111 salaries)

₹2.7 L/yr - ₹7.15 L/yr

Team Lead Salary

(78 salaries)

₹7 L/yr - ₹18.59 L/yr

Senior Data Analyst Salary

(67 salaries)

₹4 L/yr - ₹8.5 L/yr

Analyst Salary

(40 salaries)

₹3.54 L/yr - ₹14.2 L/yr

Senior Analyst Salary

(30 salaries)

₹5 L/yr - ₹18.75 L/yr

Business Analyst Salary

(17 salaries)

₹5 L/yr - ₹16 L/yr

Data Scientist Salary

(14 salaries)

₹7 L/yr - ₹18 L/yr

Data Engineer Salary

(7 salaries)

₹9.5 L/yr - ₹13.5 L/yr

Associate Analyst Salary

(5 salaries)

₹3.3 L/yr - ₹11 L/yr

Top skills at Morningstar for Data Analyst

Software Configuration Management Finance Data Analysis Interpersonal Skills Data Mining Data Analytics Administration Python Data Visualization Quality Assurance Reporting Operations Excel Data Cleansing Data Analysis

Salary related reviews for Morningstar

2.9

Rated by 5 employees for salary & benefits

Data Analyst in Navi Mumbai

Full Time

Data Science & Analytics Department

1.0

• posted on 21 Jul 2023

4.0

for Salary and Benefits

Likes

Salary,infrastructure,

Salary - Good

Dislikes

Lots of politics, Favouritism,micro managing,poor leads no growth at all will never recommend any one to join this company, my humble request not to join this pathetic company or else you will regret

Skill development - Bad

+5 more

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

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 Data Analyst Salary FAQs

What is the salary of Data Analyst at Morningstar in Mumbai?

The average salary of a Data Analyst at Morningstar in Mumbai typically ranges from ₹3.0 Lakhs to ₹7.0 Lakhs per year, depending on experience (from Fresher to 3 years).

The top 10% of Data Analyst in Mumbai at Morningstar earn more than ₹6.5 Lakhs per year, and the top 1% earn over ₹6.9 Lakhs per year. Data 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 60+ Morningstar employees in India.

What is the estimated take home salary of a Data Analyst at Morningstar in Mumbai?

The estimated take-home salary of a Data Analyst at Morningstar in Mumbai typically ranges from ₹43,382 to ₹44,497 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹7.0 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 60+ 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 Data Analyst at Morningstar in Mumbai?

To be a Data Analyst at Morningstar in Mumbai, the key skills required include:

- Software Configuration Management
- Finance
- Data Analysis
- Interpersonal Skills
- Data Mining

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 Data Analyst in India?

Franklin Templeton Investments	₹4.5 Lakhs to ₹15.6 Lakhs per year
Kotak Securities	₹3.0 Lakhs to ₹9.0 Lakhs per year
Travelex	₹4.0 Lakhs to ₹8.0 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 Data Analyst in companies similar to Morningstar in Mumbai?

The salary of a Data Analyst at companies similar to Morningstar in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Axis Direct	₹1.0 Lakhs to ₹12.0 Lakhs per year
Sharekhan	₹4.0 Lakhs to ₹5.7 Lakhs per year
Kroll	₹3.2 Lakhs to ₹4.5 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 Data Analyst at Morningstar in Mumbai?

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

Experience	Average Salary Range
Fresher	₹3.4 Lakhs to ₹9.9 Lakhs per year
1 year	₹3.5 Lakhs to ₹6.1 Lakhs per year
2 years	₹3.0 Lakhs to ₹7.0 Lakhs per year
3 years	₹5.0 Lakhs to ₹6.5 Lakhs per year

and so on.

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Morningstar Data Analyst Salaries in Mumbai

Morningstar Data Analyst salary in Mumbai ranges between ₹3 Lakhs to ₹7 Lakhs with an average annual salary of ₹. Salary estimates are based on 63 Morningstar latest salaries received from various employees of Morningstar.