Morningstar Mumbai Software Developer Salaries by 20+ Employees (Updated 2025)

1 - 5 years exp.

₹7 Lakhs - ₹24 Lakhs

Avg. annual salary

Monthly In-hand Salary

46% more than the average Software Developer Salary in Financial Services Companies for 1 - 5 years of experience

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Last Updated: 17 Mar 2025

Companies similar to Morningstar for Software Developer in Mumbai

Morningstar Software Developer Salary

1 - 5 years exp. (22 salaries)

₹7 L/yr - ₹24 L/yr

Company name	Avg Annual Salary	Open Jobs
TIAA Global Business Services Software Developer Salary 0 - 7 years exp. (38 salaries)	₹7 L/yr - ₹20 L/yr 2% less
Kotak Securities Software Developer Salary 1 - 5 years exp. (20 salaries)	₹8.8 L/yr - ₹12.3 L/yr 28% less
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Travelex Software Developer Salary 1 - 6 years exp. (9 salaries)	₹4.5 L/yr - ₹8.6 L/yr 56% less
Sharekhan Software Developer Salary 1 - 7 years exp. (5 salaries)	₹10.6 L/yr - ₹15.4 L/yr 7% less
TCS Software Developer Salary 0 - 9 years exp. (1.4k salaries)	₹3.6 L/yr - ₹13.6 L/yr 37% less

Software Developer salary at Morningstar ranges between ₹7 Lakhs to ₹24 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 22 latest salaries received from various employees of Morningstar.

Latest annual salaries shared by Morningstar Software Developer in Mumbai

3w ago

₹22 Lakhs

5 years exp.

3w ago

₹13 Lakhs

3 years exp.

1mo ago

₹9 Lakhs

2 years exp.

5mo ago

₹10 Lakhs

4 years exp.

5mo ago

₹10 Lakhs

3 years exp.

9mo ago

3 years exp.

11mo ago

5 years exp.

1y ago

5 years exp.

1y ago

4 years exp.

1y ago

3 years exp.

Experience wise Morningstar Software Developer salaries in Mumbai

Last Updated: 17 Mar 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹11.5 L/yr - ₹14.7 L/yr
2 years (3 salaries)	₹7 L/yr - ₹24.1 L/yr
Login to view exact salary
3 years (9 salaries)	₹7 L/yr - ₹24 L/yr
4 years (5 salaries)	₹8.4 L/yr - ₹26.2 L/yr
5 years (4 salaries)	₹8 L/yr - ₹22 L/yr

Similar Designation salaries in Morningstar

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(179 salaries)

₹6.6 L/yr - ₹18 L/yr

Lead Software Engineer Salary

(38 salaries)

₹17 L/yr - ₹30.5 L/yr

Senior Software Developer Salary

(7 salaries)

₹10 L/yr - ₹24.61 L/yr

Salesforce Developer Salary

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₹4 L/yr - ₹9.32 L/yr

Application Developer Salary

(3 salaries)

₹6.3 L/yr - ₹11.6 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

4.0

Rated by 2 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.

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

Senior Research Associate in Mumbai

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.

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.

Salary - Bad

+3 more

Senior Research Associate in Navi Mumbai

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.

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.

Salary - Poor

see more salary related reviews

Discover interview dos and don'ts from real experiences

What people are saying about Morningstar

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I am going for an interview for MDP associate role. But I do have a notice period of 60 days which I mentioned in the application. I don't think my application will be considered after watching this. Do you think the company will wait 60 days for a process they are hiring in bulk

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Morningstar Software Developer Salary FAQs

What is the salary of Software Developer at Morningstar in Mumbai?

The average salary of a Software Developer at Morningstar in Mumbai typically ranges from ₹7.0 Lakhs to ₹24.0 Lakhs per year, depending on experience (from 1 year to 5 years).

The top 10% of Software Developer in Mumbai at Morningstar earn more than ₹17.0 Lakhs per year, and the top 1% earn over ₹24.0 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 20+ Morningstar employees in India.

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

The estimated take-home salary of a Software Developer at Morningstar in Mumbai typically ranges from ₹97,476 to ₹1,00,116 per month. This is based on the average salary range of ₹7.0 Lakhs to ₹24.0 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 20+ 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 in Mumbai?

To be a Software Developer at Morningstar in Mumbai, 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.

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

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

TIAA Global Business Services	₹7.0 Lakhs to ₹20.0 Lakhs per year
Sharekhan	₹10.6 Lakhs to ₹15.4 Lakhs per year
Kotak Securities	₹8.8 Lakhs to ₹12.3 Lakhs per year
TCS	₹3.6 Lakhs to ₹13.6 Lakhs per year
Travelex	₹4.5 Lakhs to ₹8.6 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 Mumbai?

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

Experience	Average Salary Range
1 year	₹11.5 Lakhs to ₹14.7 Lakhs per year
2 years	₹7.0 Lakhs to ₹24.1 Lakhs per year
3 years	₹7.0 Lakhs to ₹24.0 Lakhs per year
4 years	₹8.4 Lakhs to ₹26.2 Lakhs per year

and so on.

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Morningstar Software Developer Salaries in Mumbai

Morningstar Software Developer salary in Mumbai ranges between ₹7 Lakhs to ₹24 Lakhs with an average annual salary of ₹. Salary estimates are based on 22 Morningstar latest salaries received from various employees of Morningstar.