Morningstar Mumbai Data Scientist Salaries by 10+ Employees (Updated 2025)

2 - 6 years exp.

₹7 Lakhs - ₹18 Lakhs

Salary of majority employees

14% less than the average Data Scientist Salary in Financial Services Companies for 2 - 6 years of experience

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Salaries in different departments

Data Science & Analytics Data Scientist Salary 2 - 6 years exp. (9 salaries)	₹10 L/yr - ₹18 L/yr
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Engineering - Software & QA Data Scientist Salary 3 - 6 years exp. (AmbitionBox Estimate)	₹10.5 L/yr - ₹13.9 L/yr

Last Updated: 19 Jan 2025

Companies similar to Morningstar for Data Scientist in Mumbai

Morningstar Data Scientist Salary

2 - 6 years exp. (14 salaries)

₹7 L/yr - ₹18 L/yr

Company name	Avg Annual Salary	Open Jobs
Sharekhan Data Scientist Salary 1 - 6 years exp. (6 salaries)	₹9 L/yr - ₹17 L/yr 12% more
Travelex Data Scientist Salary 1 - 4 years exp. (4 salaries)	₹7 L/yr - ₹10 L/yr 34% less
Login to view exact salary
Kotak Securities Data Scientist Salary 2 - 3 years exp. (3 salaries)	₹13 L/yr - ₹14 L/yr 9% more
TCS Data Scientist Salary 1 - 13 years exp. (122 salaries)	₹5.9 L/yr - ₹21.5 L/yr 1% more
Accenture Data Scientist Salary 0 - 9 years exp. (74 salaries)	₹5.9 L/yr - ₹23.8 L/yr 15% more	5 job openings

Data Scientist salary at Morningstar ranges between ₹7 Lakhs to ₹18 Lakhs per year for employees with experience between 2 years to 6 years. Salary estimates are based on 14 latest salaries received from various employees of Morningstar.

Experience wise Morningstar Data Scientist salaries in Mumbai

Last Updated: 19 Jan 2025

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹10 L/yr - ₹15 L/yr
3 years (4 salaries)	₹7 L/yr - ₹13 L/yr
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4 years (4 salaries)	₹11 L/yr - ₹13 L/yr
5 years (AmbitionBox Estimate)	₹5.2 L/yr - ₹18 L/yr
6 years (3 salaries)	₹11 L/yr - ₹18 L/yr

Similar Designation salaries in Morningstar

Data Analyst Salary

(63 salaries)

₹3 L/yr - ₹7 L/yr

Senior Data Analyst Salary

(59 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

Senior Data Scientist Salary

(15 salaries)

₹14.25 L/yr - ₹31.5 L/yr

Data Engineer Salary

(7 salaries)

₹9.5 L/yr - ₹13.5 L/yr

Lead Data Scientist Salary

(5 salaries)

₹18 L/yr - ₹56 L/yr

Top skills at Morningstar for Data Scientist

Machine Learning Python Data Structures Computer science Data Science Analytics Artificial Intelligence Agile Data Management Analytical Investment Management Unix Forecasting Quantitative Research NLP

Salary related reviews for Morningstar

4.0

Rated by 2 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

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

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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Morningstar Data Scientist Salary FAQs

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

The average salary of a Data Scientist at Morningstar in Mumbai typically ranges from ₹7.0 Lakhs to ₹18.0 Lakhs per year, depending on experience (from 2 years to 6 years).

The top 10% of Data Scientist in Mumbai at Morningstar earn more than ₹18.0 Lakhs per year, and the top 1% earn over ₹18.0 Lakhs per year. Data Scientist 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 10+ Morningstar employees in India.

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

The estimated take-home salary of a Data Scientist at Morningstar in Mumbai typically ranges from ₹88,785 to ₹91,116 per month. This is based on the average salary range of ₹7.0 Lakhs to ₹18.0 Lakhs per year for employees with experience ranging from 2 years to 6 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 10+ 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 Scientist at Morningstar in Mumbai?

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

- Machine Learning
- Python
- Data Structures
- Computer science
- Data Science

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 Scientist in India?

Accenture	₹5.9 Lakhs to ₹23.8 Lakhs per year
Sharekhan	₹9.0 Lakhs to ₹17.0 Lakhs per year
Kotak Securities	₹13.0 Lakhs to ₹14.0 Lakhs per year
TCS	₹5.9 Lakhs to ₹21.5 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 Scientist in companies similar to Morningstar in Mumbai?

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

Travelex

₹7.0 Lakhs to ₹10.0 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 Data Scientist at Morningstar in Mumbai?

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

Experience	Average Salary Range
2 years	₹10.0 Lakhs to ₹15.0 Lakhs per year
3 years	₹7.0 Lakhs to ₹13.0 Lakhs per year
4 years	₹11.0 Lakhs to ₹13.0 Lakhs per year
5 years	₹5.2 Lakhs to ₹18.0 Lakhs per year

and so on.

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Morningstar Data Scientist Salaries in Mumbai

Morningstar Data Scientist salary in Mumbai ranges between ₹7 Lakhs to ₹18 Lakhs with an average annual salary of ₹. Salary estimates are based on 14 Morningstar latest salaries received from various employees of Morningstar.