Morningstar Equity Research Analyst Salaries by 90+ Employees (Updated 2025)

0 - 3 years exp.

₹3 Lakhs - ₹6.5 Lakhs

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakh

Monthly In-hand Salary

Equity Research Analyst Salary at Morningstar ranges between ₹3 Lakhs to ₹6.5 Lakhs per year for employees with less than 1 year of experience to 3 years. Salary estimates are based on 97 latest salaries... Read more

49% less than the average Equity Research Analyst Salary in Financial Services Companies for 0 - 3 years of experience

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Last Updated: 26 Jun 2025

Companies similar to Morningstar for Equity Research Analyst

Company name	Avg Annual Salary	Open Jobs
FactSet Equity Research Analyst Salary 0 - 3 years exp. (365 salaries)	₹1.8 L/yr - ₹4.9 L/yr 31% less
Sharekhan Equity Research Analyst Salary 1 - 8 years exp. (11 salaries)	₹8.2 L/yr - ₹30 L/yr 268% more
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Kotak Securities Equity Research Analyst Salary 0 - 6 years exp. (6 salaries)	₹6.2 L/yr - ₹23.1 L/yr 168% more

Axis Direct Equity Research Analyst Salary 2 - 10 years exp. (5 salaries)	₹8 L/yr - ₹23 L/yr 191% more	1 job opening
Blackrock Equity Research Analyst Salary 1 year exp. (4 salaries)	₹6.5 L/yr - ₹10 L/yr 43% more
Fidelity International Equity Research Analyst Salary 1 - 3 years exp. (3 salaries)	₹20 L/yr - ₹23 L/yr 288% more
Macquarie Group Equity Research Analyst Salary 5 - 8 years exp. (3 salaries)	₹38 L/yr - ₹60 L/yr 777% more
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From

Equity Research Analyst

0 - 3 years exp.

Senior Equity Research Analyst

1 - 4 years exp.

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.

Latest annual salaries shared by Morningstar Equity Research Analyst

2d ago

₹5.5 Lakhs

2 years exp.

3d ago

₹6 Lakhs

2 years exp.

2w ago

₹6 Lakhs

4 months exp.

3w ago

₹6.5 Lakhs

2 years exp.

1mo ago

₹5.5 Lakhs

2 years exp.

4mo ago

2 years exp.

4mo ago

1 year exp.

4mo ago

2 years exp.

4mo ago

1 year exp.

5mo ago

1 year exp.

Morningstar Equity Research Analyst salaries by

Years of experience	Avg. annual salary
Fresher (24 salaries)	₹3.3 L/yr - ₹6 L/yr
1 year (32 salaries)	₹3 L/yr - ₹6 L/yr
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2 years (29 salaries)	₹3.8 L/yr - ₹6.5 L/yr
3 years (12 salaries)	₹3.9 L/yr - ₹6 L/yr

Similar Designation Salaries at Morningstar

Similar Designation	Avg. annual salary
Research Analyst Salary (172 salaries)	₹2.7 L/yr - ₹7.5 L/yr
Business Analyst Salary (55 salaries)	₹4.1 L/yr - ₹16.8 L/yr
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Financial Analyst Salary (43 salaries)	₹2.2 L/yr - ₹10.5 L/yr
Senior Financial Analyst Salary (10 salaries)	₹2.4 L/yr - ₹8 L/yr
Senior Analyst Salary (51 salaries)	₹5.0 L/yr - ₹20 L/yr
Credit Analyst Salary (15 salaries)	₹7.1 L/yr - ₹10.4 L/yr
Associate Analyst Salary (9 salaries)	₹3.3 L/yr - ₹11 L/yr
Analyst Salary (85 salaries)	₹4.0 L/yr - ₹15 L/yr
Process Specialist Salary (13 salaries)	₹4.5 L/yr - ₹6.7 L/yr
Deputy Manager Salary (AmbitionBox Estimate)	₹9.4 L/yr - ₹12 L/yr

View more similar designations

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a senior executive

GF salary Vs. My salary

Me and my gf have been dating for 5 years. Back in 2020, I started my career with a package of ₹5 LPA. Over the years, I’ve reached ₹22 LPA in 2025. She started her journey with ₹3 LPA(2020) and is now earning ₹8 LPA(2025). We’ve been in a live-in relationship for around 2 years, and the idea was to share expenses equally. But, equal sharing never really happened. If we go to a café she likes, especially with friends, I will pay the entire bill. We only split the house rent and grocery bills. I told her lots of time to cut down these costly cafe expenses or earn more money, increase your package, study and work hard, but.....she is now in her comfort zone. Being from a tech background, I have seen people upgrade their skills and package for a good life in metro cities. I am ready to support her in her studies, but she is like I am earning enough for myself.... No, you are not. I love her, but I don't know how to overcome this issue between us. Please suggest!

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Salary related reviews for Morningstar

3.2

Rated by 7 employees for salary & benefits

Equity Research Analyst in Mumbai

Full Time

Finance & Accounting Department

1.0

• updated on 18 Jun 2023

1.0

for Salary and Benefits

Likes

In recession period morning Star have become as stressful as any other company would be , previously it is known for work life balance but it's not the case at present

Job security - Good

Dislikes

Politics and low salary and no recognition

Salary - Bad

+5 more

Team Lead in Mumbai

Full Time

BFSI, Investments & Trading Department

1.0

• updated 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

• updated 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.

Senior Analyst in Navi Mumbai

Full Time

Finance & Accounting Department

1.0

• updated on 04 Mar 2023

1.0

for Salary and Benefits

Likes

Nothing is good about company

Dislikes

...motion activity is very slow and lot of politics. Lack of appreciation for work. Company does not pay well

Salary - Bad

+6 more

Senior Data Research Analyst in Navi Mumbai

Full Time

Finance & Accounting Department

3.0

• updated on 29 Apr 2025

3.0

for Salary and Benefits

Likes

Company is good but it totally depends on team you work with. Diwali gifts parties outings happen time to time Insurance benefits Flexible Work life balance

Work-life balance - Good

Dislikes

Growth is quite slow Salary differences between mdps and sda thought the work is same MDPs are paid more

Skill development - Poor

+2 more

see more salary related reviews

Morningstar Equity Research Analyst Salary FAQs

What is the salary of Equity Research Analyst at Morningstar ?

The average salary of a Equity Research Analyst at Morningstar in India typically ranges from ₹3.0 Lakhs to ₹6.5 Lakhs per year, depending on experience (from Fresher to 3 years).

The top 10% of Equity Research Analyst at Morningstar earn more than ₹6.0 Lakhs per year, and the top 1% earn over ₹6.5 Lakhs per year. Equity Research Analyst 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 90+ Morningstar employees in India.

What is the estimated take home salary of a Equity Research Analyst at Morningstar in India?

The estimated take-home salary of a Equity Research Analyst at Morningstar in India typically ranges from ₹41,354 to ₹42,499 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹6.5 Lakhs per year for employees with experience ranging from Fresher to 3 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 90+ salaries received from various employees of Morningstar. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Morningstar for Equity Research Analyst in India?

Macquarie Group	₹38.0 Lakhs to ₹60.0 Lakhs per year
Fidelity International	₹20.0 Lakhs to ₹23.0 Lakhs per year
Sharekhan	₹8.2 Lakhs to ₹30.0 Lakhs per year
Axis Direct	₹8.0 Lakhs to ₹23.0 Lakhs per year
Kotak Securities	₹6.2 Lakhs to ₹23.1 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 Equity Research Analyst in companies similar to Morningstar in India?

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

Blackrock	₹6.5 Lakhs to ₹10.0 Lakhs per year
FactSet	₹1.8 Lakhs to ₹4.9 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 Equity Research Analyst at Morningstar in India?

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

Experience	Average Salary Range
Fresher	₹3.3 Lakhs to ₹6.0 Lakhs per year
1 year	₹3.0 Lakhs to ₹6.0 Lakhs per year
2 years	₹3.8 Lakhs to ₹6.5 Lakhs per year
3 years	₹3.9 Lakhs to ₹6.0 Lakhs per year

and so on.

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Morningstar Equity Research Analyst Salaries

Morningstar Equity Research Analyst salary in India ranges between ₹3 Lakhs to ₹6.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 97 Morningstar latest salaries received from various employees of Morningstar.