Morningstar Equity Research Analyst Salaries by 60+ Employees (Updated 2025)

1 - 3 years exp.

₹3.5 Lakhs - ₹7.2 Lakhs

Salary of majority employees

46% less than the average Equity Research Analyst Salary in Financial Services Companies for 1 - 3 years of experience

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Salaries in different departments

Finance & Accounting Equity Research Analyst Salary 1 - 3 years exp. (43 salaries)	₹3.5 L/yr - ₹7.2 L/yr
BFSI, Investments & Trading Equity Research Analyst Salary 1 - 3 years exp. (12 salaries)	₹4.8 L/yr - ₹6.5 L/yr
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Research & Development Equity Research Analyst Salary 1 - 2 years exp. (3 salaries)	₹4.7 L/yr - ₹5.9 L/yr
Customer Success, Service & Operations Equity Research Analyst Salary 1 - 3 years exp. (AmbitionBox Estimate)	₹3.9 L/yr - ₹5.7 L/yr

Last Updated: 10 Feb 2025

Companies similar to Morningstar for Equity Research Analyst

Company name	Avg Annual Salary	Open Jobs
Goldman Sachs Equity Research Analyst Salary 1 - 3 years exp. (51 salaries)	₹11.6 L/yr - ₹35 L/yr 359% more
JPMorgan Chase & Co. Equity Research Analyst Salary 0 - 4 years exp. (69 salaries)	₹11.8 L/yr - ₹43 L/yr 364% more
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Morgan Stanley Equity Research Analyst Salary 1 - 9 years exp. (3 salaries)	₹50 L/yr - ₹1 Cr/yr 1197% more
UBS Equity Research Analyst Salary 0 - 11 years exp. (12 salaries)	₹9 L/yr - ₹30.8 L/yr 228% more
HSBC Group Equity Research Analyst Salary 1 - 10 years exp. (29 salaries)	₹15 L/yr - ₹39 L/yr 310% more
Deutsche Bank Equity Research Analyst Salary 0 - 3 years exp. (5 salaries)	₹2 L/yr - ₹15 L/yr 49% more
Nomura Holdings Equity Research Analyst Salary 0 - 5 years exp. (4 salaries)	₹18 L/yr - ₹24 L/yr 261% more	2 job openings
Barclays Equity Research Analyst Salary 0 - 12 years exp. (15 salaries)	₹10 L/yr - ₹35.2 L/yr 285% more
FactSet Equity Research Analyst Salary 0 - 3 years exp. (339 salaries)	₹2 L/yr - ₹4.8 L/yr 35% less
Crisil Equity Research Analyst Salary 0 - 4 years exp. (109 salaries)	₹5 L/yr - ₹18 L/yr 93% more	7 job openings
Acuity Knowledge Partners Equity Research Analyst Salary 0 - 12 years exp. (27 salaries)	₹5.6 L/yr - ₹24 L/yr 137% more
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Sharekhan Equity Research Analyst Salary 1 - 8 years exp. (11 salaries)	₹8 L/yr - ₹27.1 L/yr 188% more	1 job opening
Axis Direct Equity Research Analyst Salary 1 - 13 years exp. (8 salaries)	₹9.2 L/yr - ₹23 L/yr 219% more
Kotak Securities Equity Research Analyst Salary 0 - 10 years exp. (6 salaries)	₹16.5 L/yr - ₹17.6 L/yr 199% more
S&P Global Equity Research Analyst Salary 0 - 6 years exp. (6 salaries)	₹4 L/yr - ₹7 L/yr 1% less
Fidelity International Equity Research Analyst Salary 1 - 3 years exp. (4 salaries)	₹15 L/yr - ₹23 L/yr 267% more
Macquarie Group Equity Research Analyst Salary 4 - 8 years exp. (4 salaries)	₹38 L/yr - ₹60 L/yr 740% more
Franklin Templeton Investments Equity Research Analyst Salary 0 - 8 years exp. (3 salaries)	₹26.1 L/yr - ₹36 L/yr 455% more

Equity Research Analyst salary at Morningstar ranges between ₹3.5 Lakhs to ₹7.2 Lakhs per year for employees with experience between 1 year to 3 years. Salary estimates are based on 65 latest salaries received from various employees of Morningstar.

Experience wise Morningstar Equity Research Analyst salaries

Last Updated: 10 Feb 2025

Experience	Avg Annual Salary
1 year (27 salaries)	₹3.5 L/yr - ₹6 L/yr
2 years (27 salaries)	₹3.8 L/yr - ₹7.2 L/yr
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3 years (11 salaries)	₹3.9 L/yr - ₹7 L/yr

From

Equity Research Analyst

1 - 3 years exp.

Senior Equity Research Analyst

₹

Lakhs/yr

1 - 5 years exp.

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.

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Deputy Manager Salary

(AmbitionBox Estimate)

₹9.4 L/yr - ₹12 L/yr

Salary related reviews for Morningstar

3.3

Rated by 7 employees for salary & benefits

Equity Research Analyst in Mumbai

Full Time

Finance & Accounting Department

1.0

• posted on 18 Jun 2023

1.0

for Salary and Benefits

Likes

In recession period morning Star have become as stressful as any other company would be , previously it is known for work life balance but it's not the case at present

Job security - Good

Dislikes

Politics and low salary and no recognition

Salary - 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

Data Research Analyst in Mumbai

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.

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.

Skill development - Bad

+1 more

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Morningstar Equity Research Analyst Salary FAQs

What is the salary of Equity Research Analyst at Morningstar?

Equity Research Analyst salary at Morningstar in India ranges between ₹3.5 Lakhs to ₹7.2 Lakhs for experience between 1 years to 3 years. According to our estimates it is 46% less than the average Equity Research Analyst Salary in India. Salary estimates are based on 65 latest salaries received from various employees of Morningstar India.

How does the salary of a Equity Research Analyst at Morningstar India compare with the average salary range for this job?

The average salary of a Equity Research Analyst at Morningstar is 46% less than the average salary of a Equity Research Analyst in India. To know exact salary insights, login to view.

Which similar companies are paying more than Morningstar to a Equity Research Analyst in India?

Morgan Stanley Equity Research Analyst Salary - ₹50.0 Lakhs to ₹104.8 Lakhs per year
Macquarie Group Equity Research Analyst Salary - ₹38.0 Lakhs to ₹60.0 Lakhs per year
Franklin Templeton Investments Equity Research Analyst Salary - ₹26.1 Lakhs to ₹36.0 Lakhs per year
JPMorgan Chase & Co. Equity Research Analyst Salary - ₹11.8 Lakhs to ₹43.0 Lakhs per year
Goldman Sachs Equity Research Analyst Salary - ₹11.6 Lakhs to ₹35.0 Lakhs per year

What is the salary of a Equity Research Analyst in companies similar to Morningstar in India?

HSBC Group Equity Research Analyst Salary - ₹15.0 Lakhs to ₹39.0 Lakhs per year
Barclays Equity Research Analyst Salary - ₹10.0 Lakhs to ₹35.2 Lakhs per year
Fidelity International Equity Research Analyst Salary - ₹15.0 Lakhs to ₹23.0 Lakhs per year
Nomura Holdings Equity Research Analyst Salary - ₹18.0 Lakhs to ₹24.0 Lakhs per year
UBS Equity Research Analyst Salary - ₹9.0 Lakhs to ₹30.8 Lakhs per year

What is the estimated take home salary of a Equity Research Analyst at Morningstar in India?

The estimated take-home salary of a Equity Research Analyst at Morningstar ranges between ₹43,265 per month to ₹44,382 per month in India. The take-home salary calculation is based on the average Morningstar Equity Research Analyst salary in India which ranges between ₹3.5 Lakhs to ₹7.2 Lakhs per year for employees with experience between 1 years to 3 years. Check how did we calculate take home salary?

What is the notice period for Equity Research Analyst at Morningstar?

According to AmbitionBox, 68% of the Morningstar Equity Research Analysts reported a notice period of 2 Months, 18% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 59 responses on AmbitionBox in last 2 years.

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Morningstar Equity Research Analyst Salaries

Morningstar Equity Research Analyst salary in India ranges between ₹3.5 Lakhs to ₹7.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 65 Morningstar latest salaries received from various employees of Morningstar.