Morningstar Navi Mumbai Software Developer Salaries by 4 Employees (Updated 2025)

2 - 4 years exp.

₹10 Lakhs - ₹17.4 Lakhs

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakhs

Monthly In-hand Salary

126% more than the average Software Developer Salary in Financial Services Companies for 2 - 4 years of experience

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Last Updated: 19 Jan 2025

Companies similar to Morningstar for Software Developer in Navi Mumbai

Morningstar Software Developer Salary

2 - 4 years exp. (4 salaries)

₹10 L/yr - ₹17.4 L/yr

Company name	Avg Annual Salary	Open Jobs
Jio Platforms Software Developer Salary 0 - 6 years exp. (128 salaries)	₹4 L/yr - ₹12.3 L/yr 49% less
Jio Software Developer Salary 0 - 6 years exp. (103 salaries)	₹4.1 L/yr - ₹17.2 L/yr 39% less
Login to view exact salary
Osource Global Software Developer Salary 1 - 5 years exp. (43 salaries)	₹1.6 L/yr - ₹8.6 L/yr 72% less	1 job opening
Clover Infotech Software Developer Salary 1 - 6 years exp. (31 salaries)	₹2.4 L/yr - ₹10 L/yr 63% less
3i Infotech Software Developer Salary 1 - 4 years exp. (31 salaries)	₹3.6 L/yr - ₹9 L/yr 64% less

Software Developer salary at Morningstar ranges between ₹10 Lakhs to ₹17.4 Lakhs per year for employees with experience between 2 years to 4 years. Salary estimates are based on 4 latest salaries received from various employees of Morningstar.

Experience wise Morningstar Software Developer salaries in Navi Mumbai

Last Updated: 19 Jan 2025

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹13.8 L/yr - ₹17.6 L/yr
3 years (AmbitionBox Estimate)	₹14.3 L/yr - ₹18.3 L/yr
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4 years (AmbitionBox Estimate)	₹14.8 L/yr - ₹18.9 L/yr

Similar Designation salaries in Morningstar

Software Engineer Salary

(69 salaries)

₹6.85 L/yr - ₹16.8 L/yr

Lead Software Engineer Salary

(8 salaries)

₹17.2 L/yr - ₹25.5 L/yr

Senior Software Developer Salary

(3 salaries)

₹13.45 L/yr - ₹24 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

4.3

Rated by 3 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

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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 Navi Mumbai?

The average salary of a Software Developer at Morningstar in Navi Mumbai typically ranges from ₹10.0 Lakhs to ₹17.4 Lakhs per year, depending on experience (from 2 years to 4 years).

The top 10% of Software Developer in Navi Mumbai at Morningstar earn more than ₹17.4 Lakhs per year, and the top 1% earn over ₹17.4 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 4 Morningstar employees in India.

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

The estimated take-home salary of a Software Developer at Morningstar in Navi Mumbai typically ranges from ₹1,08,631 to ₹1,11,631 per month. This is based on the average salary range of ₹10.0 Lakhs to ₹17.4 Lakhs per year for employees with experience ranging from 2 years 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 4 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 Navi Mumbai?

To be a Software Developer at Morningstar in Navi 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 Navi Mumbai?

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

Jio	₹4.1 Lakhs to ₹17.2 Lakhs per year
Jio Platforms	₹4.0 Lakhs to ₹12.3 Lakhs per year
Clover Infotech	₹2.4 Lakhs to ₹10.0 Lakhs per year
3i Infotech	₹3.6 Lakhs to ₹9.0 Lakhs per year
Osource Global	₹1.6 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 Navi Mumbai?

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

Experience	Average Salary Range
2 years	₹13.8 Lakhs to ₹17.6 Lakhs per year
3 years	₹14.3 Lakhs to ₹18.3 Lakhs per year
4 years	₹14.8 Lakhs to ₹18.9 Lakhs per year

and so on.

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Morningstar Software Developer Salaries in Navi Mumbai

Morningstar Software Developer salary in Navi Mumbai ranges between ₹10 Lakhs to ₹17.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Morningstar latest salaries received from various employees of Morningstar.