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Morningstar Research Associate salaries in India (Updated 2025)

Annual salary range
0 - 4 years exp.
₹3 Lakhs - ₹8 Lakhs
Salary of majority employees
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Fixed (87%)
₹4.9 Lakhs
Variable (13%)
₹0.7 Lakh
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19% more than the average Research Associate Salary in Financial Services Companies for 0 - 4 years of experience

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Salaries in different departments

Finance & Accounting
Research Associate Salary
0 - 4 years exp. (208 salaries)
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₹3 L/yr - ₹7 L/yr

BFSI, Investments & Trading
Research Associate Salary
0 - 3 years exp. (95 salaries)
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₹3.9 L/yr - ₹8 L/yr

Research & Development
Research Associate Salary
0 - 3 years exp. (56 salaries)
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₹3.9 L/yr - ₹6.8 L/yr

Data Science & Analytics
Research Associate Salary
0 - 3 years exp. (28 salaries)
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₹3.3 L/yr - ₹7 L/yr

Last Updated: 15 Mar 2025

Companies similar to Morningstar for Research Associate

Company name Avg Annual Salary Open Jobs
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Crisil Research Associate Salary

1 - 6 years exp. (68 salaries)

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₹7.8 L/yr - ₹17.3 L/yr

arrow icon 82% more
2 job openings
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ICRA Research Associate Salary

2 - 6 years exp. (10 salaries)

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₹4 L/yr - ₹8 L/yr

arrow icon 13% more
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S&P Global Research Associate Salary

1 - 8 years exp. (255 salaries)

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₹2.5 L/yr - ₹9.5 L/yr

arrow icon 7% more
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Moody's Analytics Research Associate Salary

1 - 6 years exp. (16 salaries)

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₹4.2 L/yr - ₹10 L/yr

arrow icon 34% more
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Deloitte Research Associate Salary

2 - 4 years exp. (4 salaries)

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₹3.1 L/yr - ₹7.3 L/yr

arrow icon 19% more
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Ernst & Young Research Associate Salary

1 - 5 years exp. (7 salaries)

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₹3.8 L/yr - ₹7.6 L/yr

arrow icon 3% more
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KPMG India Research Associate Salary

0 - 2 years exp. (5 salaries)

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₹3.5 L/yr - ₹7 L/yr

arrow icon 10% less
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PwC Research Associate Salary

0 - 5 years exp. (12 salaries)

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₹3.1 L/yr - ₹7.8 L/yr

arrow icon 9% more
2 job openings
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₹5 L/yr - ₹10.4 L/yr

arrow icon 45% more
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₹2 L/yr - ₹5 L/yr

arrow icon 43% less
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FactSet Research Associate Salary

1 - 4 years exp. (11 salaries)

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₹2.9 L/yr - ₹4.6 L/yr

arrow icon 29% less
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₹3 L/yr - ₹5 L/yr

arrow icon 26% less
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₹3.6 L/yr - ₹7.5 L/yr

arrow icon 7% more
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₹18 L/yr - ₹28 L/yr

arrow icon 239% more
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₹10 L/yr - ₹16 L/yr

arrow icon 99% more
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Axis Direct Research Associate Salary

1 - 5 years exp. (4 salaries)

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₹6 L/yr - ₹8 L/yr

arrow icon 19% more
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Macquarie Group Research Associate Salary

1 - 4 years exp. (3 salaries)

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₹8 L/yr - ₹25 L/yr

arrow icon 147% more
Research Associate salary at Morningstar ranges between ₹3 Lakhs to ₹8 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 647 latest salaries received from various employees of Morningstar.

Latest annual salaries shared by Morningstar Research Associate

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Experience wise Morningstar Research Associate salaries

Last Updated: 15 Mar 2025

Experience Avg Annual Salary
Fresher  (179 salaries)

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₹3.2 L/yr - ₹6 L/yr
1 year  (279 salaries)

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₹3 L/yr - ₹7 L/yr
2 years  (138 salaries)

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₹4 L/yr - ₹7.3 L/yr
3 years  (40 salaries)

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₹4 L/yr - ₹8 L/yr
4 years  (11 salaries)

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₹4 L/yr - ₹7 L/yr
Morningstar Research Associate Salary and Career Growth

From

To

Research Associate

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0 - 4 years exp.

Associate Manager

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6 - 12 years exp.

Research Associate

0 - 4 years exp.
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Senior Research Associate

1 - 5 years exp.
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arrow icon 20% hike

Quality Assurance Specialist

2 - 6 years exp.
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arrow icon 17% 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 Assistant Salary
(AmbitionBox Estimate)
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₹3.5 L/yr - ₹4.5 L/yr
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₹4 L/yr - ₹11 L/yr
Research Analyst Salary
(183 salaries)
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₹2.7 L/yr - ₹7 L/yr
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₹13.7 L/yr - ₹24 L/yr
Lead Engineer Salary
(AmbitionBox Estimate)
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₹7.7 L/yr - ₹9.9 L/yr
Technical Lead Salary
(10 salaries)
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₹20 L/yr - ₹29.5 L/yr
Analyst Salary
(75 salaries)
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₹4.13 L/yr - ₹15 L/yr
Deputy Manager Salary
(AmbitionBox Estimate)
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₹9.4 L/yr - ₹12 L/yr
Software Engineer Salary
(327 salaries)
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₹6.6 L/yr - ₹17.15 L/yr
Junior Engineer Salary
(AmbitionBox Estimate)
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₹4.1 L/yr - ₹5.2 L/yr

Top skills at Morningstar for Research Associate

Data Research Research Secondary Research Research Analysis Data Collection Sustainability Sustainable Development Management Private Equity Investment Banking Venture Capital Excel Analytical Financial Analysis Web Technologies

Salary related reviews for Morningstar

3.2

Rated by 90 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 Research Associate Salary FAQs

What is the salary of Research Associate at Morningstar ?
The average salary of a Research Associate at Morningstar in India typically ranges from ₹3.0 Lakhs to ₹8.0 Lakhs per year, depending on experience (from Fresher to 4 years).

The top 10% of Research Associate at Morningstar earn more than ₹6.0 Lakhs per year, and the top 1% earn over ₹7.0 Lakhs per year. Research Associate 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 600+ Morningstar employees in India.
What is the estimated take home salary of a Research Associate at Morningstar in India?
The estimated take-home salary of a Research Associate at Morningstar in India typically ranges from ₹42,436 to ₹43,565 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹8.0 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 600+ 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 Research Associate at Morningstar ?
To be a Research Associate at Morningstar in india, the key skills required include:

  • - Data Research
  • - Research
  • - Secondary Research
  • - Research Analysis
  • - Data Collection

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 Research Associate in India?
Franklin Templeton Investments ₹18.0 Lakhs to ₹28.0 Lakhs per year
Macquarie Group ₹8.0 Lakhs to ₹25.0 Lakhs per year
Ameriprise Financial ₹10.0 Lakhs to ₹16.0 Lakhs per year
Crisil ₹7.8 Lakhs to ₹17.3 Lakhs per year
Acuity Knowledge Partners ₹5.0 Lakhs to ₹10.4 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 Research Associate in companies similar to Morningstar in India?
The salary of a Research Associate at companies similar to Morningstar in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Moody's Analytics ₹4.2 Lakhs to ₹10.0 Lakhs per year
Deloitte ₹3.1 Lakhs to ₹7.3 Lakhs per year
Axis Direct ₹6.0 Lakhs to ₹8.0 Lakhs per year
ICRA ₹4.0 Lakhs to ₹8.0 Lakhs per year
PwC ₹3.1 Lakhs to ₹7.8 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 Research Associate at Morningstar in India?
The salary growth for a Research Associate at Morningstar depends on factors such as experience, performance, and promotions. On average, a Research Associate can expect the following growth trajectory at Morningstar:

Experience Average Salary Range
Fresher ₹3.2 Lakhs to ₹6.0 Lakhs per year
1 year ₹3.0 Lakhs to ₹7.0 Lakhs per year
2 years ₹4.0 Lakhs to ₹7.3 Lakhs per year
3 years ₹4.0 Lakhs to ₹8.0 Lakhs per year
and so on.

Tell us how to improve this page.

Morningstar Research Associate salary in India ranges between ₹3 Lakhs to ₹8 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 647 Morningstar latest salaries received from various employees of Morningstar.