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Morningstar Product Consultant salaries in Mumbai (Updated 2025)

Annual salary range
0 - 8 years exp.
₹4.9 Lakhs - ₹8.8 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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16% less than the average Product Consultant Salary in Financial Services Companies for 0 - 8 years of experience

Interested in this particular role? 10 job openings

Salaries in different departments

Finance & Accounting
Product Consultant Salary
1 - 7 years exp. (25 salaries)
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₹5.5 L/yr - ₹8.5 L/yr

BFSI, Investments & Trading
Product Consultant Salary
0 - 6 years exp. (13 salaries)
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₹5.8 L/yr - ₹8.8 L/yr

Customer Success, Service & Operations
Product Consultant Salary
6 - 8 years exp. (5 salaries)
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₹6.2 L/yr - ₹8.8 L/yr

Data Science & Analytics
Product Consultant Salary
3 - 8 years exp. (3 salaries)
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₹7.5 L/yr - ₹8.5 L/yr

Research & Development
Product Consultant Salary
3 - 5 years exp. (3 salaries)
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₹4.9 L/yr - ₹8.5 L/yr

View all

Last Updated: 1 Apr 2025

Companies similar to Morningstar for Product Consultant in Mumbai

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Morningstar Product Consultant Salary

0 - 8 years exp. (54 salaries)

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₹4.9 L/yr - ₹8.8 L/yr

vs
Company name Avg Annual Salary Open Jobs
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TCS Product Consultant Salary

2 - 12 years exp. (12 salaries)

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₹6.5 L/yr - ₹14 L/yr

arrow icon 52% more
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TransUnion Product Consultant Salary

5 - 12 years exp. (8 salaries)

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₹20 L/yr - ₹33.8 L/yr

arrow icon 251% more
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₹20 L/yr - ₹24 L/yr

arrow icon 185% more
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Hindustan Unilever Product Consultant Salary

2 - 6 years exp. (5 salaries)

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₹1.1 L/yr - ₹2 L/yr

arrow icon 76% less
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₹4.1 L/yr - ₹7 L/yr

arrow icon 23% less
Product Consultant salary at Morningstar ranges between ₹4.9 Lakhs to ₹8.8 Lakhs per year for employees with less than 1 year of experience to 8 years. Salary estimates are based on 54 latest salaries received from various employees of Morningstar.

Latest annual salaries shared by Morningstar Product Consultant in Mumbai

1w ago
₹7.7 Lakhs
5 years exp.
2w ago
₹7 Lakhs
8 months exp.
1mo ago
₹8.5 Lakhs
1 year exp.
1mo ago
₹8.7 Lakhs
5 years exp.
3mo ago
₹7.5 Lakhs
2 years exp.
3mo ago
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2 years exp.
3mo ago
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2 years exp.
3mo ago
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8 years exp.
4mo ago
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8 years exp.
5mo ago
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4 years exp.

Experience wise Morningstar Product Consultant salaries in Mumbai

Last Updated: 1 Apr 2025

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹6.6 L/yr - ₹8.4 L/yr
1 year  (5 salaries)

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₹6 L/yr - ₹8.5 L/yr
2 years  (9 salaries)

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₹5.8 L/yr - ₹8 L/yr
3 years  (6 salaries)

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₹4.9 L/yr - ₹7.9 L/yr
4 years  (10 salaries)

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₹6.3 L/yr - ₹8.8 L/yr
View all
Morningstar Product Consultant Salary and Career Growth

From

To

Product Consultant

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0 - 8 years exp.

Associate Manager

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6 - 12 years exp.

Product Consultant

0 - 8 years exp.
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Senior Product Consultant

1 - 6 years exp.
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arrow icon 15% hike

Associate - Team Lead

1 - 10 years exp.
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arrow icon 14% 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

Product Manager Salary
(28 salaries)
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₹14.8 L/yr - ₹32.5 L/yr
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₹36 L/yr - ₹95 L/yr
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₹5 L/yr - ₹16 L/yr
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₹30 L/yr - ₹40 L/yr
Scrum Master Salary
(5 salaries)
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₹15 L/yr - ₹18.2 L/yr

Top skills at Morningstar for Product Consultant

Investment Products Financial Markets client servicing Mutual Funds Product Management Client Support Excel Analytical Networking Client Management Customer Service Finance Analytical Chemistry Product Management customer support

Salary related reviews for Morningstar

2.0

Rated by 2 employees for salary & benefits

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%.

read more
  • 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.

read more
  • Salary - Bad
  • +1 more

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.

read more
  • 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.

read more
  • Salary - Bad
  • +3 more

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.

read more
  • 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.

read more
  • Salary - Poor

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

 · 

Customer Success, Service & Operations Department

4.0
  •  posted on 25 Dec 2024

5.0
 for  Salary and Benefits

Likes

... life Balance. Structured Training and Excellent Work Culture to learn and grow. In short it's a good company to join for Freshers as it is offering decent package for them.

read more
  • Salary - Excellent
  • +6 more

Dislikes

After a point of time, Promotions and growth are a bit slow. Also the work here what most of the Teams/Departments do is more of Collection in nature and not of that Research.

read more
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Morningstar Product Consultant Salary FAQs

What is the salary of Product Consultant at Morningstar in Mumbai?
The average salary of a Product Consultant at Morningstar in Mumbai typically ranges from ₹4.9 Lakhs to ₹8.8 Lakhs per year, depending on experience (from Fresher to 8 years).

The top 10% of Product Consultant in Mumbai at Morningstar earn more than ₹8.7 Lakhs per year, and the top 1% earn over ₹8.8 Lakhs per year. Product Consultant 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 50+ Morningstar employees in India.
What is the estimated take home salary of a Product Consultant at Morningstar in Mumbai?
The estimated take-home salary of a Product Consultant at Morningstar in Mumbai typically ranges from ₹56,575 to ₹57,995 per month. This is based on the average salary range of ₹4.9 Lakhs to ₹8.8 Lakhs per year for employees with experience ranging from Fresher to 8 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 50+ 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 Product Consultant at Morningstar in Mumbai?
To be a Product Consultant at Morningstar in Mumbai, the key skills required include:

  • - Investment Products
  • - Financial Markets
  • - client servicing
  • - Mutual Funds
  • - Product Management

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 Product Consultant in India?
TransUnion ₹20.0 Lakhs to ₹33.8 Lakhs per year
Credit Information Bureau ₹20.0 Lakhs to ₹24.0 Lakhs per year
TCS ₹6.5 Lakhs to ₹14.0 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 Product Consultant in companies similar to Morningstar in Mumbai?
The salary of a Product Consultant at companies similar to Morningstar in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Fintellix Solutions ₹4.1 Lakhs to ₹7.0 Lakhs per year
Hindustan Unilever ₹1.1 Lakhs to ₹2.0 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 Product Consultant at Morningstar in Mumbai?
The salary growth for a Product Consultant at Morningstar in Mumbai depends on factors such as experience, performance, and promotions. On average, a Product Consultant in Mumbai can expect the following growth trajectory at Morningstar:

Experience Average Salary Range
Fresher ₹6.6 Lakhs to ₹8.4 Lakhs per year
1 year ₹6.0 Lakhs to ₹8.5 Lakhs per year
2 years ₹5.8 Lakhs to ₹8.0 Lakhs per year
3 years ₹4.9 Lakhs to ₹7.9 Lakhs per year
and so on.

Tell us how to improve this page.

Morningstar Product Consultant salary in Mumbai ranges between ₹4.9 Lakhs to ₹8.8 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 54 Morningstar latest salaries received from various employees of Morningstar.