Morningstar Salaries

61 total salary submissions
Avg. Hours Worked (61%)

The average hours worked chart shows the distribution of average hours worked per week generated based on the Compensation data at this company.

The number you see in the middle of the doughnut pie chart is the adjusted average of these scores. If you hover over the various sections of the donut, you will see the % breakdown of each workload given.

The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few interview insights). Simply put, as a company gets more data points, the confidence of a "true measure" increases so it is pulled closer to its simple average and away from the average of the entire dataset.

44.7
  • 10-20 Hrs
  • 20-30 Hrs
  • 30-40 Hrs
  • 40-50 Hrs
  • 50-60 Hrs
  • 60-70 Hrs
  • 70-80 Hrs
  • 80-90 Hrs
  • Over 90 Hrs
Relative Compensation (44%)

The Relative Compensation is a score from 1 star (very bad) to 5 stars (excellent) generated based on the Company Reviews of current and former employees at this company based on relative pay.

The number you see in the middle of the donut pie chart is the simple average of these scores. If you hover over the various sections of the donut, you will see the % breakdown of each score given.

The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few reviews). Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire dataset.

2.3
  • 1 Star
  • 2 Stars
  • 3 Stars
  • 4 Stars
  • 5 Stars

Average Morningstar Salary

3
Total Median Pay
$70,000
Median Base Pay
$60,000
Median Bonus Pay
$10,000

How much does Morningstar pay?

Base range:
$26,000 - $100,000

For this salary and bonus range, Low is the 10th Percentile and High is the 90th Percentile. These ranges are from employer specific salaries submitted by WSO members.

Bonus range:
$1,000 - $20,000

Morningstar pays an average salary of $60,000 per year. This base compensation is the equivalent of $30 per hour assuming a 40 hour work week (2,000 hours per year). The actual average hours worked per week at Morningstar based on our data is actually 45 hours, which would bring down the true effective hourly rate to $28 on average. If you include the average bonus of $10,000, then the total average pay at Morningstar would be $70,000 per year or $32 per hour at the 45 hour work week.

There's a wide range between what the company pays the top 20 percent and the bottom 20 percent of earners. This is largely dependent on seniority and location. Morningstar pays the highest-paid employees over $103,800 a year, while the lowest-paid employees are paid less than $57,750. Morningstar employees in different groups or divisions tend to have different salaries as well.For example, employees in the Na sector earn an average yearly salary of $118,000.While employees in the Other sector earn an average yearly salary of $62,000.

Morningstar Salaries

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Highest Paying Jobs at Morningstar

Year
Job Title
Group/Division
Location
Pay Rate/Type
Bonus
Consultant
Year 2022
Job Title Consultant
Group/Division Wealth Management
Location Chicago
Pay Rate/Type
Bonus
Vice President
Year 2019
Job Title Vice President
Group/Division Real Estate
Location New York
Pay Rate/Type
Bonus
Research Analyst
Year 2017
Job Title Research Analyst
Group/Division Equity Research
Location Chicago
Pay Rate/Type
Bonus
2nd Year Analyst
Year 2021
Job Title 2nd Year Analyst
Group/Division N/A
Location Chicago
Pay Rate/Type
Bonus
1st Year Analyst
Year 2020
Job Title 1st Year Analyst
Group/Division Equity Research
Location Chicago
Pay Rate/Type
Bonus
Research Analyst
Year 2017
Job Title Research Analyst
Group/Division Technology, Media and Telecom (TMT)
Location Chicago
Pay Rate/Type
Bonus
1st Year Analyst
Year 2020
Job Title 1st Year Analyst
Group/Division N/A
Location Chicago
Pay Rate/Type
Bonus
Year 2015
Job Title
Group/Division Technology, Media and Telecom (TMT)
Location Chicago
Pay Rate/Type
Bonus
Research Analyst
Year 2013
Job Title Research Analyst
Group/Division Equity Research
Location Chicago
Pay Rate/Type
Bonus
Investment Analyst
Year 2014
Job Title Investment Analyst
Group/Division Investment Research
Location Chicago
Pay Rate/Type
Bonus

Average Pay by City for Morningstar

Below we use 61 salary submissions to order the is the total average compensation by city for Morningstar. Cost of living across the world varies a lot, so this data gives you a sense if there are significant adjustments for higher cost of living. Looking at the WSO data, the city with the highest average salary is Chicago, where employees earn an average salary of $75,000.

Salaries by Location at Morningstar

Rank
City
Total pay Range
Range of $/hr
Chicago
Rank 1
City Chicago
Total pay Range $53,000 - $98,000
Range of $/hr $27/hr - $49/hr

Morningstar Salaries by Department

Salaries at Morningstar depend on the group, division, department or function. Employees who work in the Na group tend to get paid the most at at Morningstar, earning an average yearly salary of $118,000. Employees in the Research receive relatively high salaries as well, where wages average $90,000 per year. A division that does not pay as well at Morningstar includes the Other group, with employees earning $62,000 on average.

Rank
Department
Average Pay
Average Hourly Pay
Na
Rank 1
Department Na
Average Pay $118,000
Average Hourly Pay $59/hr
Research
Rank 2
Department Research
Average Pay $90,000
Average Hourly Pay $45/hr
Equity Research
Rank 3
Department Equity Research
Average Pay $90,000
Average Hourly Pay $45/hr
Generalist
Rank 4
Department Generalist
Average Pay $65,500
Average Hourly Pay $33/hr
Other
Rank 5
Department Other
Average Pay $62,000
Average Hourly Pay $31/hr

Recently Added Morningstar Salaries

Year
Job Title
Group/Division
Location
Pay Rate/Type
Bonus
2nd Year Associate
Year 2023
Job Title 2nd Year Associate
Group/Division Generalist
Location Chicago
Pay Rate/Type
Bonus
Consultant
Year 2022
Job Title Consultant
Group/Division Wealth Management
Location Chicago
Pay Rate/Type
Bonus
Intern
Year 2023
Job Title Intern
Group/Division Research
Location Chicago
Pay Rate/Type
Bonus
3rd+ Year Analyst
Year 2022
Job Title 3rd+ Year Analyst
Group/Division Real Estate
Location Chicago
Pay Rate/Type
Bonus
2nd Year Analyst
Year 2021
Job Title 2nd Year Analyst
Group/Division N/A
Location Chicago
Pay Rate/Type
Bonus