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

1 - 5 years exp.

₹6.2 Lakhs - ₹24.3 Lakhs

Salary of majority employees

84% more than the average Software Developer Salary in Financial Services Companies for 1 - 5 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

Engineering - Software & QA Software Developer Salary 1 - 5 years exp. (31 salaries)	₹6.2 L/yr - ₹24 L/yr
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BFSI, Investments & Trading Software Developer Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹18.5 L/yr - ₹24.3 L/yr

Last Updated: 17 Mar 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)	₹3.6 L/yr - ₹12.4 L/yr 43% less
Brickwork Ratings Software Developer Salary 1 - 4 years exp. (8 salaries)	₹4 L/yr - ₹6.3 L/yr 68% less	2 job openings
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Acuité Ratings & Research Software Developer Salary 1 - 4 years exp. (7 salaries)	₹2.7 L/yr - ₹8.5 L/yr 68% less
Acuity Knowledge Partners Software Developer Salary 0 - 5 years exp. (11 salaries)	₹4 L/yr - ₹14.5 L/yr 37% less
S&P Global Software Developer Salary 1 - 7 years exp. (178 salaries)	₹6.2 L/yr - ₹26 L/yr At par	5 job openings
TIAA Global Business Services Software Developer Salary 0 - 6 years exp. (209 salaries)	₹6 L/yr - ₹20 L/yr 9% less
Fidelity Investments Software Developer Salary 0 - 7 years exp. (111 salaries)	₹5.8 L/yr - ₹20 L/yr 13% less
TSYS\|Total System Services Software Developer Salary 4 - 6 years exp. (61 salaries)	₹8 L/yr - ₹27 L/yr 29% more
FactSet Software Developer Salary 0 - 8 years exp. (40 salaries)	₹7.4 L/yr - ₹22 L/yr 3% less
Sun Life Financial Software Developer Salary 1 - 7 years exp. (24 salaries)	₹6.6 L/yr - ₹17 L/yr 26% less
Kotak Securities Software Developer Salary 1 - 3 years exp. (23 salaries)	₹8.8 L/yr - ₹16.5 L/yr 40% less
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CSC Global Software Developer Salary 3 - 5 years exp. (15 salaries)	₹4.5 L/yr - ₹15 L/yr 41% less
Ameriprise Financial Software Developer Salary 1 - 6 years exp. (15 salaries)	₹9.5 L/yr - ₹24.5 L/yr 7% more
Sharekhan Software Developer Salary 0 - 7 years exp. (13 salaries)	₹5.7 L/yr - ₹16 L/yr 12% less
Fidelity International Software Developer Salary 0 - 6 years exp. (13 salaries)	₹6.8 L/yr - ₹18 L/yr 20% less
Synchrony Software Developer Salary 0 - 8 years exp. (16 salaries)	₹6.8 L/yr - ₹20 L/yr 14% less
Macquarie Group Software Developer Salary 0 - 11 years exp. (10 salaries)	₹13 L/yr - ₹25 L/yr 22% more
Franklin Templeton Investments Software Developer Salary 3 - 13 years exp. (12 salaries)	₹11.8 L/yr - ₹30.5 L/yr 33% more
Mr Cooper Software Developer Salary 0 - 2 years exp. (7 salaries)	₹7.5 L/yr - ₹10.3 L/yr 41% less
Apex Group Software Developer Salary 0 - 18 years exp. (4 salaries)	₹3 L/yr - ₹25 L/yr 18% less

View all

Software Developer salary at Morningstar ranges between ₹6.2 Lakhs to ₹24.3 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 38 latest salaries received from various employees of Morningstar.

Experience wise Morningstar Software Developer salaries

Last Updated: 17 Mar 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹7.5 L/yr - ₹25.7 L/yr
2 years (5 salaries)	₹7 L/yr - ₹26.8 L/yr
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3 years (15 salaries)	₹7 L/yr - ₹24.3 L/yr
4 years (9 salaries)	₹8.4 L/yr - ₹24.3 L/yr
5 years (8 salaries)	₹6.7 L/yr - ₹22 L/yr

Similar Designation salaries in Morningstar

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(AmbitionBox Estimate)

₹12.2 L/yr - ₹15.5 L/yr

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(7 salaries)

₹4 L/yr - ₹9.32 L/yr

Java Developer Salary

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₹7.5 L/yr - ₹12.72 L/yr

Senior Software Developer Salary

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₹10 L/yr - ₹24.61 L/yr

Software Engineer Salary

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₹6.6 L/yr - ₹17.15 L/yr

Application Developer Salary

(3 salaries)

₹6.3 L/yr - ₹11.55 L/yr

Software Development Engineer Salary

(5 salaries)

₹10 L/yr - ₹14 L/yr

Lead Software Engineer Salary

(53 salaries)

₹17 L/yr - ₹30.5 L/yr

Senior Engineer Salary

(3 salaries)

₹13.7 L/yr - ₹24 L/yr

System Engineer Salary

(4 salaries)

₹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

see more salary related reviews

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Morningstar Software Developer Salary FAQs

What is the salary of Software Developer at Morningstar ?

The average salary of a Software Developer at Morningstar in India typically ranges from ₹6.2 Lakhs to ₹24.3 Lakhs per year, depending on experience (from 1 year to 5 years).

The top 10% of Software Developer at Morningstar earn more than ₹21.9 Lakhs per year, and the top 1% earn over ₹24.3 Lakhs per year. Software Developer 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 30+ Morningstar employees in India.

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 in India typically ranges from ₹1,06,130 to ₹1,09,050 per month. This is based on the average salary range of ₹6.2 Lakhs to ₹24.3 Lakhs per year for employees with experience ranging from 1 year to 5 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 30+ 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 Software Developer at Morningstar ?

To be a Software Developer at Morningstar in india, the key skills required include:

- Scrum
- microsoft
- Agile
- Back Office Operations
- Solution Design

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 Software Developer in India?

Franklin Templeton Investments	₹11.8 Lakhs to ₹30.5 Lakhs per year
TSYS\|Total System Services	₹8.0 Lakhs to ₹27.0 Lakhs per year
Macquarie Group	₹13.0 Lakhs to ₹25.0 Lakhs per year
Ameriprise Financial	₹9.5 Lakhs to ₹24.5 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 Software Developer in companies similar to Morningstar in India?

The salary of a Software Developer at companies similar to Morningstar in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

S&P Global	₹6.2 Lakhs to ₹26.0 Lakhs per year
FactSet	₹7.4 Lakhs to ₹22.0 Lakhs per year
Invesco	₹6.0 Lakhs to ₹28.0 Lakhs per year
TIAA Global Business Services	₹6.0 Lakhs to ₹20.0 Lakhs per year
Sharekhan	₹5.7 Lakhs to ₹16.0 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 Software Developer at Morningstar in India?

The salary growth for a Software Developer at Morningstar depends on factors such as experience, performance, and promotions. On average, a Software Developer can expect the following growth trajectory at Morningstar:

Experience	Average Salary Range
1 year	₹7.5 Lakhs to ₹25.7 Lakhs per year
2 years	₹7.0 Lakhs to ₹26.8 Lakhs per year
3 years	₹7.0 Lakhs to ₹24.3 Lakhs per year
4 years	₹8.4 Lakhs to ₹24.3 Lakhs per year

and so on.

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Morningstar Software Developer Salaries

Morningstar Software Developer salary in India ranges between ₹6.2 Lakhs to ₹24.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 38 Morningstar latest salaries received from various employees of Morningstar.