Morningstar Software Engineer Salary

IQ Team
Written by IQ Team
IQ Team
Published March 24, 2022
Estimated reading time: 7 minutes
Table of contents

$99,691

Average Base Salary

$6,140

Average Total Compensation

Min: $60K
Max: $172K
Base Salary
Median: $92K
Mean (Average): $100K
Data points: 475
The average base salary for a Software Engineer at Morningstar is $99,691
based on 475 data points.
Adjusting the average for more recent salary data points, the average recency weighted base salary is $109,849.

The estimated average total compensation is $6,140
based on 462 data points.
The average recency weighted total compensation is $9,602.

View the full Software Engineer at Morningstar interview guide

Normalized Morningstar Software Engineer Salaries


Average total compensation
0% - Low
15%85%
Cost of living
0% - Low
15%85%
Years of experience
0% - Low
15%85%

The average base salary for Software Engineer at Morningstar is in the top 31% compared to all other companies salaries.

The average base salary for Software Engineer at Morningstar is $99,691 while the average Software Engineer base salary is $116,059.

If we normalize the salaries at Morningstar by the cost of living, then the average base salary for Software Engineer at Morningstar is in the top 22% compared to all other companies.

If we normalize the salaries at Morningstar by the years of experience, then the average base salary for Software Engineer at Morningstar is in the top 28% compared to all other companies.

Morningstar Software Engineer Salary by Seniority Levels

Manager*
$119K
$161K
Manager
Median: $135K
Mean (Average): $138K
Data points: 4
Senior
$85K
$119K
Senior
Median: $101K
Mean (Average): $101K
Data points: 14
Mid-Level
$76K
$107K
Mid-Level
Median: $88K
Mean (Average): $89K
Data points: 5
Entry Level*
$80K
Entry Level
Median: $80K
Mean (Average): $80K
Data points: 1
Base salary
Median
Mean (Average)
* = Low confidence (less than 5 data points)

Seniority can increase the pay of a Software Engineer at Morningstar. Here are the base salaries of a Software Engineer at Morningstar grouped into 4 seniority categories.

Morningstar Software Engineer Salary Compared to other Positions

Software Engineer
$60K
$172K
Software Engineer
Median: $92K
Mean (Average): $100K
Data points: 475
Data Scientist
$80K
$119K
Data Scientist
Median: $103K
Mean (Average): $99K
Data points: 5
Data Engineer
$82K
$102K
Data Engineer
Median: $92K
Mean (Average): $93K
Data points: 14
Business Analyst
$60K
$111K
Business Analyst
Median: $65K
Mean (Average): $83K
Data points: 11
Data Analyst
$56K
$116K
Data Analyst
Median: $75K
Mean (Average): $79K
Data points: 19
Product Analyst*
$74K
Product Analyst
Median: $74K
Mean (Average): $74K
Data points: 1
Machine Learning Engineer*
$66K
$77K
Machine Learning Engineer
Median: $73K
Mean (Average): $72K
Data points: 4
Base salary
Median
Mean (Average)
* = Low confidence (less than 5 data points)

Most data science positions fall under different position titles depending on the actual role.

From the graph we can see that on average the Software Engineer role pays the most with a $99,691 base salary while the Machine Learning Engineer role on average pays the least with a $72,358 base salary.

Top Cities for Morningstar Software Engineer Salaries

Chicago, IL
$60K
$171K
Chicago, IL
Median: $90K
Mean (Average): $99K
Data points: 313
Toronto, Canada*
$95K
Toronto, Canada
Median: $95K
Mean (Average): $95K
Data points: 1
Wichita, KS
$77K
$108K
Wichita, KS
Median: $96K
Mean (Average): $94K
Data points: 13
Base salary
Median
Mean (Average)
* = Low confidence (less than 5 data points)

The Software Engineer salary in Chicago, IL is the highest paying salary with a $99,159 average base salary. The Software Engineer salary in Wichita, KS is the lowest paying salary with $93,722 average base salary.

Morningstar Software Engineer Salary Compared to other Companies

Netflix
$200K
$714K
Netflix
Median: $475K
Mean (Average): $482K
Data points: 242
Roku Inc.
$134K
$425K
Roku Inc.
Median: $275K
Mean (Average): $286K
Data points: 156
Smartnews
$210K
$324K
Smartnews
Median: $220K
Mean (Average): $242K
Data points: 5
Chan Zuckerberg Initiative
$166K
$270K
Chan Zuckerberg Initiative
Median: $230K
Mean (Average): $222K
Data points: 10
Noom
$158K
$250K
Noom
Median: $220K
Mean (Average): $214K
Data points: 6
Roblox
$142K
$327K
Roblox
Median: $196K
Mean (Average): $207K
Data points: 78
Pdt Partners
$180K
$229K
Pdt Partners
Median: $200K
Mean (Average): $206K
Data points: 5
Gemini
$165K
$239K
Gemini
Median: $214K
Mean (Average): $204K
Data points: 12
Chime
$165K
$248K
Chime
Median: $200K
Mean (Average): $200K
Data points: 28
Jane Street
$135K
$280K
Jane Street
Median: $200K
Mean (Average): $197K
Data points: 13
Wepay
$148K
$294K
Wepay
Median: $190K
Mean (Average): $196K
Data points: 33
Cruise Automation, Inc.
$140K
$278K
Cruise Automation, Inc.
Median: $190K
Mean (Average): $196K
Data points: 117
Mckinsey & Company
$107K
$240K
Mckinsey & Company
Median: $200K
Mean (Average): $194K
Data points: 145
Airbnb
$130K
$254K
Airbnb
Median: $197K
Mean (Average): $194K
Data points: 291
Morningstar
$60K
$172K
Morningstar
Median: $92K
Mean (Average): $100K
Data points: 475
Base salary
Median
Mean (Average)
* = Low confidence (less than 5 data points)
1
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The Software Engineer at Netflix salary is the highest paying salary with a $482,214 average base salary. The Software Engineer at Healthedge salary is the lowest paying salary with $41,374 average base salary.
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