Morningstar Equity Research Associate Salaries by 5 Employees (Updated 2025)

0 - 1 year exp.

₹4.3 Lakhs - ₹5.6 Lakhs

Low Confidence

Salary of majority employees

62% less than the average Equity Research Associate Salary in Financial Services Companies for 0 - 1 year of experience

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Last Updated: 28 Jan 2024

Companies similar to Morningstar for Equity Research Associate

Company name	Avg Annual Salary	Open Jobs
Crisil Equity Research Associate Salary 1 - 8 years exp. (6 salaries)	₹5.8 L/yr - ₹25 L/yr 189% more	1 job opening
Acuity Knowledge Partners Equity Research Associate Salary 0 - 4 years exp. (12 salaries)	₹7.8 L/yr - ₹11.3 L/yr 112% more
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S&P Global Equity Research Associate Salary 0 - 4 years exp. (8 salaries)	₹5 L/yr - ₹7 L/yr 32% more
Axis Direct Equity Research Associate Salary 1 - 2 years exp. (9 salaries)	₹4 L/yr - ₹7 L/yr 37% more
Kotak Securities Equity Research Associate Salary 0 - 2 years exp. (4 salaries)	₹2.3 L/yr - ₹5.2 L/yr 29% less
Macquarie Group Equity Research Associate Salary 1 - 5 years exp. (4 salaries)	₹22 L/yr - ₹25 L/yr 380% more
FactSet Equity Research Associate Salary 1 - 3 years exp. (3 salaries)	₹2.6 L/yr - ₹5 L/yr 22% less

Equity Research Associate salary at Morningstar ranges between ₹4.3 Lakhs to ₹5.6 Lakhs per year for employees with less than 1 year of experience. Salary estimates are based on 5 latest salaries received from various employees of Morningstar.

Experience wise Morningstar Equity Research Associate salaries

Last Updated: 28 Jan 2024

Experience	Avg Annual Salary
Fresher (3 salaries)	₹4.3 L/yr - ₹5 L/yr
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1 year (AmbitionBox Estimate)	₹5.1 L/yr - ₹5.6 L/yr

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Salary related reviews for Morningstar

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

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

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 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

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Morningstar Equity Research Associate Salary FAQs

What is the salary of Equity Research Associate at Morningstar?

Equity Research Associate salary at Morningstar in India ranges between ₹4.3 Lakhs to ₹5.6 Lakhs for less than 1 year of experience. According to our estimates it is 62% less than the average Equity Research Associate Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Morningstar India.

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

The average salary of a Equity Research Associate at Morningstar is 62% less than the average salary of a Equity Research Associate in India. To know exact salary insights, login to view.

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

Macquarie Group Equity Research Associate Salary - ₹22.0 Lakhs to ₹25.0 Lakhs per year
Crisil Equity Research Associate Salary - ₹5.8 Lakhs to ₹25.0 Lakhs per year
Acuity Knowledge Partners Equity Research Associate Salary - ₹7.8 Lakhs to ₹11.3 Lakhs per year
Axis Direct Equity Research Associate Salary - ₹4.0 Lakhs to ₹7.0 Lakhs per year
S&P Global Equity Research Associate Salary - ₹5.0 Lakhs to ₹7.0 Lakhs per year

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

FactSet Equity Research Associate Salary - ₹2.6 Lakhs to ₹5.0 Lakhs per year
Kotak Securities Equity Research Associate Salary - ₹2.3 Lakhs to ₹5.2 Lakhs per year

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

The estimated take-home salary of a Equity Research Associate at Morningstar ranges between ₹36,708 per month to ₹37,922 per month in India. The take-home salary calculation is based on the average Morningstar Equity Research Associate salary in India which ranges between ₹4.3 Lakhs to ₹5.6 Lakhs per year for employees with less than 1 year of experience. Check how did we calculate take home salary?

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

According to AmbitionBox, 100% of the Morningstar Equity Research Associates reported a notice period of 2 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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Morningstar Equity Research Associate Salaries

Morningstar Equity Research Associate salary in India ranges between ₹4.3 Lakhs to ₹5.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Morningstar latest salaries received from various employees of Morningstar.