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Morningstar Data Research Analyst salaries in Mumbai (Updated 2025)

Annual salary range
0 - 4 years exp.
₹1.7 Lakh - ₹8.1 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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5% more than the average Data Research Analyst Salary in Financial Services Companies for 0 - 4 years of experience

Interested in this particular role? 2 job openings

Salaries in different departments

Finance & Accounting
Data Research Analyst Salary
0 - 4 years exp. (444 salaries)
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₹1.7 L/yr - ₹7.2 L/yr

BFSI, Investments & Trading
Data Research Analyst Salary
0 - 4 years exp. (136 salaries)
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₹3.3 L/yr - ₹7.6 L/yr

Data Science & Analytics
Data Research Analyst Salary
0 - 4 years exp. (98 salaries)
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₹3.6 L/yr - ₹7 L/yr

Research & Development
Data Research Analyst Salary
0 - 4 years exp. (23 salaries)
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₹4 L/yr - ₹8.1 L/yr

Customer Success, Service & Operations
Data Research Analyst Salary
0 - 4 years exp. (18 salaries)
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₹3.8 L/yr - ₹6.8 L/yr

Last Updated: 6 Apr 2025

Companies similar to Morningstar for Data Research Analyst in Mumbai

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Morningstar Data Research Analyst Salary

0 - 4 years exp. (967 salaries)

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₹1.7 L/yr - ₹8.1 L/yr

vs
Company name Avg Annual Salary Open Jobs
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Amrut Software Data Research Analyst Salary

0 - 6 years exp. (22 salaries)

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₹1.3 L/yr - ₹3.8 L/yr

arrow icon 52% less
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Bahar Infocons Data Research Analyst Salary

0 - 5 years exp. (14 salaries)

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₹1.8 L/yr - ₹3.5 L/yr

arrow icon 53% less
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S&P Global Data Research Analyst Salary

0 - 6 years exp. (11 salaries)

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₹2.7 L/yr - ₹6 L/yr

arrow icon 7% less
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₹1.5 L/yr - ₹4.5 L/yr

arrow icon 40% less
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₹2 L/yr - ₹6.5 L/yr

arrow icon 43% less
Data Research Analyst salary at Morningstar ranges between ₹1.7 Lakh to ₹8.1 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 967 latest salaries received from various employees of Morningstar.

Latest annual salaries shared by Morningstar Data Research Analyst in Mumbai

2d ago
₹4.6 Lakhs
1 year exp.
3d ago
₹4.5 Lakhs
1 year exp.
3d ago
₹4 Lakhs
2 years exp.
3d ago
₹6 Lakhs
2 years exp.
4d ago
₹6 Lakhs
2 years exp.
5d ago
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3 years exp.
5d ago
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4 years exp.
5d ago
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2 years exp.
6d ago
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2 years exp.
1w ago
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2 years exp.

Experience wise Morningstar Data Research Analyst salaries in Mumbai

Last Updated: 6 Apr 2025

Experience Avg Annual Salary
Fresher  (131 salaries)

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₹1.7 L/yr - ₹6.1 L/yr
1 year  (355 salaries)

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₹3.2 L/yr - ₹7 L/yr
2 years  (302 salaries)

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₹3 L/yr - ₹8.1 L/yr
3 years  (129 salaries)

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₹3 L/yr - ₹7.2 L/yr
4 years  (50 salaries)

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₹2 L/yr - ₹7.1 L/yr
Morningstar Data Research Analyst Salary and Career Growth

From

To

Data Research Analyst

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0 - 4 years exp.

Associate Manager

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6 - 12 years exp.

Data Research Analyst

0 - 4 years exp.
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Senior Data Research Analyst

0 - 7 years exp.
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arrow icon 21% hike

Associate - Team Lead

1 - 10 years exp.
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arrow icon 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)
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₹2.7 L/yr - ₹7.15 L/yr
Analyst Salary
(41 salaries)
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₹3.56 L/yr - ₹14.2 L/yr
Senior Analyst Salary
(30 salaries)
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₹5 L/yr - ₹18.75 L/yr
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₹3.05 L/yr - ₹10.5 L/yr
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₹5 L/yr - ₹16 L/yr
Credit Analyst Salary
(12 salaries)
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₹7.1 L/yr - ₹10.22 L/yr
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₹4 L/yr - ₹7.2 L/yr
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₹4.6 L/yr - ₹6.05 L/yr
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₹3.3 L/yr - ₹11 L/yr

Top skills at Morningstar for Data Research Analyst

Data Collection Data Research Research Analysis Equity Finance Financial Analysis Fundamentals Data Quality Data Management SQL Analytical Operations Market Research Data Analysis Recruitment

Salary related reviews for Morningstar

3.3

Rated by 51 employees for salary & benefits

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

 · 

Finance & Accounting Department

4.0
  •  posted on 06 Feb 2024

2.0
 for  Salary and Benefits

Likes

Great company culture, high job security, not too much workload, good work life balance, currently some business units have hybrid work mode which is good for flexibility and work life balance,

read more
  • Job security - Excellent
  • +2 more

Dislikes

... which reduces flexibility. Promotions/appraisal opportunities are few and slow. Pay is average.

read more
  • Salary - Poor
  • +1 more

Full Time

 · 

Finance & Accounting Department

1.0
  •  posted on 11 Oct 2023

1.0
 for  Salary and Benefits

Likes

Work life balance, Education stipends.

  • Skill development - Good
  • +1 more

Dislikes

Salary is way below market, Very Limited Growth in career, Cost cutting is almost everything, Manager way to aged to manage young guys (In my team), Bonus are very low to minimum. In the end Salary in hand is the big big issue because of new HR's and unnecessary Bulk hiring.

read more
  • Salary - Bad
  • +2 more

Full Time

 · 

Other Department

4.0
  •  posted on 26 Sep 2023

4.0
 for  Salary and Benefits

Likes

Good work life balance, work culture. Salary is decent and development opportunities are plentiful

read more
  • Salary - Good
  • +3 more

Dislikes

Most profiles don't have a further scope, it's more of a data job than a finance/financial services job.

Finance & Accounting Department

4.0
  •  posted on 20 Dec 2021

2.0
 for  Salary and Benefits

Likes

Work culture is good. Working hours are not long. Team members are very helpful and friendly

  • Skill development - Good
  • +3 more

Dislikes

The compensation could be much better. More transparency about the workings of the company would be appreciated.

read more
  • Salary - Poor
see more salary related reviews

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Morningstar Data Research Analyst Salary FAQs

What is the salary of Data Research Analyst at Morningstar in Mumbai?
The average salary of a Data Research Analyst at Morningstar in Mumbai typically ranges from ₹1.7 Lakhs to ₹8.1 Lakhs per year, depending on experience (from Fresher to 4 years).

The top 10% of Data Research Analyst in Mumbai at Morningstar earn more than ₹6.1 Lakhs per year, and the top 1% earn over ₹7.0 Lakhs per year. Data Research 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 900+ Morningstar employees in India.
What is the estimated take home salary of a Data Research Analyst at Morningstar in Mumbai?
The estimated take-home salary of a Data Research Analyst at Morningstar in Mumbai typically ranges from ₹42,142 to ₹43,275 per month. This is based on the average salary range of ₹1.7 Lakhs to ₹8.1 Lakhs per year for employees with experience ranging from Fresher to 4 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 900+ 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 Research Analyst at Morningstar in Mumbai?
To be a Data Research Analyst at Morningstar in Mumbai, the key skills required include:

  • - Data Collection
  • - Data Research
  • - Research Analysis
  • - Equity
  • - Finance

These skills are highly valued at Morningstar and are crucial for successful performance in a Software Engineering role.
What is the salary of a Data Research Analyst in companies similar to Morningstar in Mumbai?
The salary of a Data Research Analyst at companies similar to Morningstar in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

S&P Global ₹2.7 Lakhs to ₹6.0 Lakhs per year
Decimal Point Analytics ₹1.5 Lakhs to ₹4.5 Lakhs per year
Pharma Targeting Research ₹2.0 Lakhs to ₹6.5 Lakhs per year
Amrut Software ₹1.3 Lakhs to ₹3.8 Lakhs per year
Bahar Infocons ₹1.8 Lakhs to ₹3.5 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 Research Analyst at Morningstar in Mumbai?
The salary growth for a Data Research Analyst at Morningstar in Mumbai depends on factors such as experience, performance, and promotions. On average, a Data Research Analyst in Mumbai can expect the following growth trajectory at Morningstar:

Experience Average Salary Range
Fresher ₹1.7 Lakhs to ₹6.1 Lakhs per year
1 year ₹3.2 Lakhs to ₹7.0 Lakhs per year
2 years ₹3.0 Lakhs to ₹8.1 Lakhs per year
3 years ₹3.0 Lakhs to ₹7.2 Lakhs per year
and so on.

Tell us how to improve this page.

Morningstar Data Research Analyst salary in Mumbai ranges between ₹1.7 Lakh to ₹8.1 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 967 Morningstar latest salaries received from various employees of Morningstar.