Morningstar Mumbai Research Analyst Salaries by 100+ Employees (Updated 2025)

0 - 4 years exp.

₹2.7 Lakhs - ₹7.2 Lakhs

Avg. annual salary

Monthly In-hand Salary

Research Analyst Salary at Morningstar ranges between ₹2.7 Lakhs to ₹7.2 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 111 latest salaries received... Read more

12% less than the average Research Analyst Salary in Financial Services Companies for 0 - 4 years of experience

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Last Updated: 18 May 2025

Companies similar to Morningstar for Research Analyst in Mumbai

Morningstar Research Analyst Salary

0 - 4 years exp. (111 salaries)

₹2.7 L/yr - ₹7.2 L/yr

Company name	Avg Annual Salary	Open Jobs
Sharekhan Research Analyst Salary 2 - 14 years exp. (12 salaries)	₹8.9 L/yr - ₹16.3 L/yr 110% more	2 job openings
Axis Direct Research Analyst Salary 0 - 4 years exp. (4 salaries)	₹2 L/yr - ₹8 L/yr 11% less
Login to view exact salary
Crisil Research Analyst Salary 0 - 9 years exp. (504 salaries)	₹5 L/yr - ₹18.3 L/yr 99% more	30 job openings

Decimal Point Analytics Research Analyst Salary 0 - 3 years exp. (96 salaries)	₹2 L/yr - ₹6 L/yr 34% less
NielsenIQ Research Analyst Salary 0 - 3 years exp. (79 salaries)	₹4 L/yr - ₹11.2 L/yr 35% more

From

Research Analyst

0 - 4 years exp.

Senior Research Analyst

2 - 7 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 Research Analyst in Mumbai

1mo ago

₹5 Lakhs

3 years exp.

1mo ago

₹6.5 Lakhs

1 year exp.

1mo ago

₹6 Lakhs

3 years exp.

1mo ago

₹5.6 Lakhs

2 years exp.

1mo ago

₹5.5 Lakhs

3 years exp.

2mo ago

4 months exp.

2mo ago

2 years exp.

2mo ago

2 years exp.

3mo ago

2 years exp.

3mo ago

1 year exp.

Morningstar Research Analyst salaries by

Years of experience	Avg. annual salary
Fresher (13 salaries)	₹3.5 L/yr - ₹6 L/yr
1 year (31 salaries)	₹4 L/yr - ₹6.5 L/yr
Login to view exact salary
2 years (33 salaries)	₹4 L/yr - ₹7.2 L/yr
3 years (21 salaries)	₹2.7 L/yr - ₹7 L/yr
4 years (13 salaries)	₹4 L/yr - ₹6 L/yr

Similar Designation Salaries at Morningstar

Similar Designation	Avg. annual salary
Research Associate Salary (349 salaries)	₹2.5 L/yr - ₹7.5 L/yr
Senior Research Associate Salary (233 salaries)	₹3.9 L/yr - ₹9.8 L/yr
Login to view exact salary
Software Engineer Salary (199 salaries)	₹6 L/yr - ₹19 L/yr
Analyst Salary (44 salaries)	₹3.9 L/yr - ₹14.2 L/yr
Technical Lead Salary (5 salaries)	₹22 L/yr - ₹29.5 L/yr

Top trending discussions

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Salary Discussions, Hike & Promotions

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

3.5

Rated by 11 employees for salary & benefits

Research Associate in Mumbai

Full Time

BFSI, Investments & Trading Department

4.0

• updated 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

• updated 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

• updated 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

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

Senior Data Research Analyst in Navi Mumbai

Full Time

Engineering - Software & QA Department

4.0

• updated on 11 Apr 2025

3.0

for Salary and Benefits

Likes

Team culture is good and company spends a lot on employee education, like fully sponsored CFA programmes.

Skill development - Excellent

+4 more

Dislikes

Salary is less and also company belives in pay parity which leads to same pay for people who do the bare minimum and for people who go the extra mile, this is unfair. Promotions are too slow.

see more salary related reviews

Morningstar Research Analyst Salary FAQs

What is the salary of Research Analyst at Morningstar in Mumbai?

The average salary of a Research Analyst at Morningstar in Mumbai typically ranges from ₹2.7 Lakhs to ₹7.2 Lakhs per year, depending on experience (from Fresher to 4 years).

The top 10% of Research Analyst in Mumbai at Morningstar earn more than ₹6.0 Lakhs per year, and the top 1% earn over ₹7.1 Lakhs per year. 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 100+ Morningstar employees in India.

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

The estimated take-home salary of a Research Analyst at Morningstar in Mumbai typically ranges from ₹43,458 to ₹44,572 per month. This is based on the average salary range of ₹2.7 Lakhs to ₹7.2 Lakhs per year for employees with experience ranging from Fresher 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 100+ 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 Research Analyst in India?

Sharekhan	₹8.9 Lakhs to ₹16.3 Lakhs per year
Crisil	₹5.0 Lakhs to ₹18.3 Lakhs per year
NielsenIQ	₹4.0 Lakhs to ₹11.2 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 Research Analyst in companies similar to Morningstar in Mumbai?

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

Axis Direct	₹2.0 Lakhs to ₹8.0 Lakhs per year
Decimal Point Analytics	₹2.0 Lakhs to ₹6.0 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 Research Analyst at Morningstar in Mumbai?

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

Experience	Average Salary Range
Fresher	₹3.5 Lakhs to ₹6.0 Lakhs per year
1 year	₹4.0 Lakhs to ₹6.5 Lakhs per year
2 years	₹4.0 Lakhs to ₹7.2 Lakhs per year
3 years	₹2.7 Lakhs to ₹7.0 Lakhs per year

and so on.

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Morningstar Research Analyst Salaries in Mumbai

Morningstar Research Analyst salary in Mumbai ranges between ₹2.7 Lakhs to ₹7.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 111 Morningstar latest salaries received from various employees of Morningstar.