Morningstar Software Developer Salaries by 30+ Employees (Updated 2025)

1 - 5 years exp.

₹6.5 Lakhs - ₹24.3 Lakhs

Salary of majority employees

Fixed (87%)

₹12.1 Lakhs

Variable (13%)

₹1.8 Lakh

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72% more than the average Software Developer Salary in Financial Services Companies for 1 - 5 years of experience

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Salaries in different departments

Engineering - Software & QA Software Developer Salary 1 - 5 years exp. (30 salaries)	Unlock ₹6.2 L/yr - ₹17.4 L/yr
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BFSI, Investments & Trading Software Developer Salary 3 - 4 years exp. (AmbitionBox Estimate)	Unlock ₹16.5 L/yr - ₹24.3 L/yr

Last Updated: 27 Feb 2025

Companies similar to Morningstar for Software Developer

Company name	Avg Annual Salary	Open Jobs
Crisil Software Developer Salary 0 - 5 years exp. (51 salaries)	Unlock ₹3.6 L/yr - ₹13.9 L/yr 36% less
Brickwork Ratings Software Developer Salary 1 - 4 years exp. (8 salaries)	Unlock ₹4 L/yr - ₹6.3 L/yr 65% less	2 job openings
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Acuité Ratings & Research Software Developer Salary 1 - 4 years exp. (7 salaries)	Unlock ₹2.7 L/yr - ₹8.5 L/yr 65% less
Acuity Knowledge Partners Software Developer Salary 0 - 5 years exp. (11 salaries)	Unlock ₹4 L/yr - ₹14.5 L/yr 30% less
S&P Global Software Developer Salary 1 - 7 years exp. (177 salaries)	Unlock ₹6.2 L/yr - ₹26 L/yr 9% more	1 job opening
TIAA Global Business Services Software Developer Salary 0 - 6 years exp. (209 salaries)	Unlock ₹6 L/yr - ₹20 L/yr At par
Fidelity Investments Software Developer Salary 1 - 7 years exp. (93 salaries)	Unlock ₹8 L/yr - ₹24 L/yr 2% more
TSYS\|Total System Services Software Developer Salary 3 - 7 years exp. (68 salaries)	Unlock ₹7.5 L/yr - ₹27 L/yr 34% more
FactSet Software Developer Salary 0 - 8 years exp. (37 salaries)	Unlock ₹9 L/yr - ₹19 L/yr 10% more	1 job opening
Sun Life Financial Software Developer Salary 1 - 7 years exp. (24 salaries)	Unlock ₹6.6 L/yr - ₹17 L/yr 18% less
Kotak Securities Software Developer Salary 1 - 3 years exp. (21 salaries)	Unlock ₹10.2 L/yr - ₹17.5 L/yr 26% less
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CSC Global Software Developer Salary 3 - 5 years exp. (15 salaries)	Unlock ₹4.5 L/yr - ₹15 L/yr 34% less
Ameriprise Financial Software Developer Salary 1 - 6 years exp. (14 salaries)	Unlock ₹9.5 L/yr - ₹24.5 L/yr 17% more
Sharekhan Software Developer Salary 0 - 7 years exp. (13 salaries)	Unlock ₹5.7 L/yr - ₹16 L/yr 2% less
Fidelity International Software Developer Salary 0 - 6 years exp. (13 salaries)	Unlock ₹6.8 L/yr - ₹18 L/yr 11% less
Synchrony Software Developer Salary 0 - 8 years exp. (13 salaries)	Unlock ₹6.8 L/yr - ₹16.8 L/yr 13% less
Macquarie Group Software Developer Salary 0 - 11 years exp. (10 salaries)	Unlock ₹13 L/yr - ₹25 L/yr 35% more
Franklin Templeton Investments Software Developer Salary 3 - 13 years exp. (9 salaries)	Unlock ₹9.9 L/yr - ₹30.5 L/yr 35% more
Mr Cooper Software Developer Salary 0 - 2 years exp. (7 salaries)	Unlock ₹7.5 L/yr - ₹10.3 L/yr 33% less
Apex Group Software Developer Salary 0 - 18 years exp. (4 salaries)	Unlock ₹3 L/yr - ₹25 L/yr 9% less

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Software Developer salary at Morningstar ranges between ₹6.5 Lakhs to ₹24.3 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 37 latest salaries received from various employees of Morningstar.

Latest annual salaries shared by Morningstar Software Developer

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3 years exp.

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3 years exp.

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3 years exp.

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3 years exp.

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4 years exp.

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3 years exp.

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5 years exp.

Experience wise Morningstar Software Developer salaries

Last Updated: 27 Feb 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	Unlock ₹7.5 L/yr - ₹22.8 L/yr
2 years (7 salaries)	Unlock ₹5.8 L/yr - ₹23.9 L/yr
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3 years (13 salaries)	Unlock ₹7 L/yr - ₹24.3 L/yr
4 years (9 salaries)	Unlock ₹8.4 L/yr - ₹24.3 L/yr
5 years (7 salaries)	Unlock ₹6.2 L/yr - ₹21.6 L/yr

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₹14.6 L/yr - ₹18.6 L/yr

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₹3.83 L/yr - ₹10.3 L/yr

Top skills at Morningstar for Software Developer

Scrum microsoft Agile Back Office Operations Solution Design Content Management Coding Database Agile Methodology Automation Javascript Project Management ASP.NET Legal .NET

Salary related reviews for Morningstar

4.2

Rated by 4 employees for salary & benefits

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.

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

Senior Data Research Analyst in Mumbai

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.

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.

Associate Business Analyst in Mumbai

Full Time

Product Management Department

3.0

• posted on 23 Jul 2024

1.0

for Salary and Benefits

Likes

1) Morningstar is very employee-centric company. 2) Best work-life balance that I have seen 3) Work=life satisfaction and compnay culture are much better than other companies, but at the cost of low pay.

Skill development - Good

+3 more

Dislikes

1) Morningstar is one of the lowest_paying companies compared to industry standards. 2) There is zero tranparency regarding promotion and appaisals. 3) The company has a very high turnover for the above reasons.

Salary - Bad

+1 more

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I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in... read more

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Morningstar Software Developer Salary FAQs

What is the salary of Software Developer at Morningstar?

Software Developer salary at Morningstar in India ranges between ₹6.5 Lakhs to ₹24.3 Lakhs for experience between 1 years to 5 years. According to our estimates it is 72% more than the average Software Developer Salary in India. Salary estimates are based on 37 latest salaries received from various employees of Morningstar India.

How does the salary of a Software Developer at Morningstar India compare with the average salary range for this job?

The average salary of a Software Developer at Morningstar is 72% more than the average salary of a Software Developer in India. To know exact salary insights, login to view.

What are the top skills required to work as a Software Developer at Morningstar?

Scrum, microsoft, Agile, Back Office Operations and Solution Design are some of the popular skills required to work as a Software Developer at Morningstar India.

Which similar companies are paying more than Morningstar to a Software Developer in India?

Macquarie Group Software Developer Salary - ₹13.0 Lakhs to ₹25.0 Lakhs per year
Franklin Templeton Investments Software Developer Salary - ₹9.9 Lakhs to ₹30.5 Lakhs per year
TSYS|Total System Services Software Developer Salary - ₹7.5 Lakhs to ₹27.0 Lakhs per year
Ameriprise Financial Software Developer Salary - ₹9.5 Lakhs to ₹24.5 Lakhs per year
FactSet Software Developer Salary - ₹9.0 Lakhs to ₹19.0 Lakhs per year

What is the salary of a Software Developer in companies similar to Morningstar in India?

S&P Global Software Developer Salary - ₹6.2 Lakhs to ₹26.0 Lakhs per year
Fidelity Investments Software Developer Salary - ₹8.0 Lakhs to ₹24.0 Lakhs per year
Invesco Software Developer Salary - ₹6.0 Lakhs to ₹28.0 Lakhs per year
TIAA Global Business Services Software Developer Salary - ₹6.0 Lakhs to ₹20.0 Lakhs per year
Sharekhan Software Developer Salary - ₹5.7 Lakhs to ₹16.0 Lakhs per year

What is the estimated take home salary of a Software Developer at Morningstar in India?

The estimated take-home salary of a Software Developer at Morningstar ranges between ₹97,201 per month to ₹99,832 per month in India. The take-home salary calculation is based on the average Morningstar Software Developer salary in India which ranges between ₹6.5 Lakhs to ₹24.3 Lakhs per year for employees with experience between 1 years to 5 years. Check how did we calculate take home salary?

What is the notice period for Software Developer at Morningstar?

According to AmbitionBox, 73% of the Morningstar Software Developers reported a notice period of 2 Months, 20% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 15 responses on AmbitionBox in last 2 years.

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Morningstar Software Developer Salaries

Morningstar Software Developer salary in India ranges between ₹6.5 Lakhs to ₹24.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 37 Morningstar latest salaries received from various employees of Morningstar.