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Morningstar Software Engineer salaries in Mumbai (Updated 2025)

Annual salary range
1 - 6 years exp.
₹6.6 Lakhs - ₹17 Lakhs
Salary of majority employees
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50% more than the average Software Engineer Salary in Financial Services Companies for 1 - 6 years of experience

Interested in this particular role? 12 job openings

Salaries in different departments

Engineering - Software & QA
Software Engineer Salary
1 - 6 years exp. (151 salaries)
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₹6.6 L/yr - ₹17 L/yr

BFSI, Investments & Trading
Software Engineer Salary
2 - 5 years exp. (5 salaries)
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₹10.9 L/yr - ₹14.1 L/yr

Data Science & Analytics
Software Engineer Salary
2 - 5 years exp. (4 salaries)
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₹10 L/yr - ₹14 L/yr

Last Updated: 25 Mar 2025

Companies similar to Morningstar for Software Engineer in Mumbai

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Morningstar Software Engineer Salary

1 - 6 years exp. (167 salaries)

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₹6.6 L/yr - ₹17 L/yr

vs
Company name Avg Annual Salary Open Jobs
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Travelex Software Engineer Salary

2 - 8 years exp. (12 salaries)

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₹6 L/yr - ₹9.5 L/yr

arrow icon 30% less
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Kotak Securities Software Engineer Salary

2 - 7 years exp. (8 salaries)

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₹3.6 L/yr - ₹12 L/yr

arrow icon 42% less
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₹11.4 L/yr - ₹16.7 L/yr

arrow icon 30% more
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₹11 L/yr - ₹24 L/yr

arrow icon 38% more
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LTIMindtree Software Engineer Salary

0 - 6 years exp. (1.6k salaries)

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₹2.3 L/yr - ₹9 L/yr

arrow icon 51% less
3 job openings
Software Engineer salary at Morningstar ranges between ₹6.6 Lakhs to ₹17 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 167 latest salaries received from various employees of Morningstar.

Latest annual salaries shared by Morningstar Software Engineer in Mumbai

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Experience wise Morningstar Software Engineer salaries in Mumbai

Last Updated: 25 Mar 2025

Experience Avg Annual Salary
1 year  (6 salaries)

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₹3.5 L/yr - ₹11.5 L/yr
2 years  (42 salaries)

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₹6.6 L/yr - ₹15 L/yr
3 years  (48 salaries)

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₹7 L/yr - ₹16.1 L/yr
4 years  (36 salaries)

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₹8.5 L/yr - ₹17 L/yr
5 years  (29 salaries)

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₹8.5 L/yr - ₹17 L/yr
View all
Morningstar Software Engineer Salary and Career Growth

From

To

Software Engineer

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1 - 6 years exp.

Lead Software Engineer

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6 - 11 years exp.

Software Engineer 1 - 6 years exp.
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Senior Software Engineer 5 - 10 years exp.
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arrow icon 80% hike
    Lead Software Engineer 6 - 11 years exp.
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    arrow icon 18% 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

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    ₹10 L/yr - ₹27 L/yr
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    ₹17 L/yr - ₹30.5 L/yr
    unlock blur
    ₹6 L/yr - ₹10.25 L/yr
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    ₹7 L/yr - ₹24 L/yr
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    ₹4 L/yr - ₹9.32 L/yr

    Top skills at Morningstar for Software Engineer

    Agile Python Coding Scrum Javascript Computer science Open Source MS SQL SQL Linux Data Structures MVC MySQL Automation Python

    Salary related reviews for Morningstar

    3.5

    Rated by 11 employees for salary & benefits

    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

    read more
    • Salary - Bad
    • +4 more

    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)

    read more
    • Skill development - Excellent
    • +5 more

    Dislikes

    Can improve in terms of being a better pay-master.

    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.

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    • 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
    see more salary related reviews

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    Morningstar Software Engineer Salary FAQs

    What is the salary of Software Engineer at Morningstar in Mumbai?
    The average salary of a Software Engineer at Morningstar in Mumbai typically ranges from ₹6.6 Lakhs to ₹17.0 Lakhs per year, depending on experience (from 1 year to 6 years).

    The top 10% of Software Engineer in Mumbai at Morningstar earn more than ₹14.6 Lakhs per year, and the top 1% earn over ₹16.9 Lakhs per year. Software Engineer 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 100+ Morningstar employees in India.
    What is the estimated take home salary of a Software Engineer at Morningstar in Mumbai?
    The estimated take-home salary of a Software Engineer at Morningstar in Mumbai typically ranges from ₹83,145 to ₹85,317 per month. This is based on the average salary range of ₹6.6 Lakhs to ₹17.0 Lakhs per year for employees with experience ranging from 1 year to 6 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 100+ 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 Engineer at Morningstar in Mumbai?
    To be a Software Engineer at Morningstar in Mumbai, the key skills required include:

    • - Agile
    • - Python
    • - Coding
    • - Scrum
    • - Javascript

    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 Engineer in India?
    TIAA Global Business Services ₹11.0 Lakhs to ₹24.0 Lakhs per year
    TSYS|Total System Services ₹11.4 Lakhs to ₹16.7 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 Engineer in companies similar to Morningstar in Mumbai?
    The salary of a Software Engineer at companies similar to Morningstar in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

    Travelex ₹6.0 Lakhs to ₹9.5 Lakhs per year
    Kotak Securities ₹3.6 Lakhs to ₹12.0 Lakhs per year
    LTIMindtree ₹2.3 Lakhs to ₹9.0 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 Engineer at Morningstar in Mumbai?
    The salary growth for a Software Engineer at Morningstar in Mumbai depends on factors such as experience, performance, and promotions. On average, a Software Engineer in Mumbai can expect the following growth trajectory at Morningstar:

    Experience Average Salary Range
    1 year ₹3.5 Lakhs to ₹11.5 Lakhs per year
    2 years ₹6.6 Lakhs to ₹15.0 Lakhs per year
    3 years ₹7.0 Lakhs to ₹16.1 Lakhs per year
    4 years ₹8.5 Lakhs to ₹17.0 Lakhs per year
    and so on.

    Tell us how to improve this page.

    Morningstar Software Engineer salary in Mumbai ranges between ₹6.6 Lakhs to ₹17 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 167 Morningstar latest salaries received from various employees of Morningstar.