Join Morningstar as Associate Quantitative Analyst in Navi Mumbai – Hybrid work, Python/R skills needed, global exposure & excellent growth 2025!
Table of Contents
💼 Job Role & Category:
- Role: Associate Quantitative Analyst
- Category: Full-Time, Hybrid
🏢 Why Join Morningstar?
Morningstar is a leading global provider of independent investment research, serving millions of individual investors, financial advisors, and institutional clients worldwide. Founded in 1984, the company has grown to become one of the most trusted names in financial services, with operations in 29 countries and over 13,000 employees globally. Morningstar’s mission is to empower investor success by providing data, research, and investment management services that help people make better financial decisions. The company is renowned for its comprehensive databases covering over 621,000 investment offerings, including stocks, mutual funds, ETFs, and real-time global market data.
Morningstar India has been a significant contributor to the company’s global operations since 2005, with offices in Mumbai, Delhi, and Navi Mumbai. The company has consistently been recognized as a Great Place to Work® and features among India’s Best Workplaces in IT & IT-BPM. Known for fostering innovation and maintaining the highest standards of independence and objectivity, Morningstar offers an intellectually stimulating environment where analysts work on products that directly impact global financial markets and investment decisions.
📝 Job Summary
As part of the Indexes New Product Development Team at Morningstar, you will participate in the full development cycle including ideation, design, development, presentations to global research teams and clients, leading up to implementation. This role offers the opportunity to build next-generation Benchmark Indexes across asset classes while working with cutting-edge financial technology and collaborating with global teams. The position requires strong analytical skills, technical proficiency in programming languages, and the ability to work on complex financial products.
🔧 Key Responsibilities
- 📈 Participate in building next generation of Benchmark Indexes across Equity and Fixed Income asset classes
- 📊 Be responsible for validation, curation and analysis of underlying data to support methodology development of Benchmark Indexes
- 🤝 Collaborate effectively with Morningstar research organization including equity, quantitative, manager, and sustainability research teams
- 💡 Develop novel thematic and smart beta indexes that leverage Morningstar IP
- 🔄 Work on the entire product development lifecycle from ideation, design, development, leading up to launch
- ⚙️ Work closely with other index teams to operationalize index methodologies
- 📑 Create comprehensive documentation and presentations for global teams and clients
✅ Who Can Apply?
Education Requirements:
- 🎓 Bachelor’s degree in quantitative/engineering/mathematics/statistics disciplines
Experience Level:
- 💼 Not specified in job description
Technical Skills Required:
- 💻 Proficiency in at least one programming language (Python or R)
- 🗄️ Proficiency in working with large, complex tables under Postgres, SQL Server
- 📊 Understanding of basic financial ratios, modern portfolio theory, and portfolio construction processes (desirable but not necessary)
- 📝 Excellent documentation habits
- 🗣️ Strong oral and written communication and presentation skills
- 💡 Ability to distill complex ideas into simple explanations
Certifications:
- 📜 Any progress towards CFA designation is highly desirable
🌍 Work Location & Type
- Location: Navi Mumbai, India
- Work Type: Hybrid (4 days in-office each week)
- Work Model: Purposeful in-person collaboration with tools and resources for global engagement
💰 Salary Insights
Based on current industry standards for Associate Quantitative Analysts at leading financial services companies in India:
- Expected Salary Range: ₹8-15 LPA depending on experience and qualifications
- Entry Level: ₹8-10 LPA
- With 1-2 years experience: ₹10-15 LPA
- CFA Progress Advantage: Additional 10-15% on base salary
- Performance-Based Pay: Annual bonuses typically 15-30% of base salary
- Location Factor: Navi Mumbai offers competitive packages aligned with Mumbai market rates
Note: Actual compensation varies based on qualifications, technical skills, and interview performance
🎁 Perks & Benefits
- 🏥 Comprehensive Health Insurance – Medical, dental, and vision coverage for employees and dependents
- 💻 Hybrid Flexibility – Work from home 1 day per week with additional flexibility options
- 📚 Learning & Development – CFA program support, training budgets, and access to Morningstar Direct
- 💸 Performance Bonuses – Competitive annual bonuses based on individual and company performance
- 🌍 Global Exposure – Collaborate with teams across 29 countries and present to international clients
- 🏖️ Work-Life Balance – Generous PTO, wellness programs, and flexible benefits
- 📊 Free Access – Complimentary subscriptions to Morningstar premium products and research
📝 How to Apply
📢 How to Apply for Morningstar Associate Quantitative Analyst Recruitment 2025:
- ✅ Click on the “Apply” button on Morningstar careers page
- 📧 Create or login to your Morningstar careers account
- 📄 Fill in all required personal and professional details
- 📎 Upload your updated resume highlighting quantitative skills and programming experience
- 💼 Include any relevant projects or research work
- 🔍 Review all information carefully for accuracy
- 🚀 Submit your application and track status online
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❓ Frequently Asked Questions (FAQs)
Q1: Is this position open to freshers?
While experience level is not specified, the role requires strong technical skills in Python/R and SQL. Fresh graduates with relevant academic projects and programming skills are encouraged to apply.
Q2: Is CFA mandatory for this role?
No, CFA is not mandatory but any progress towards the CFA designation is highly desirable and may positively impact compensation and career progression.
Q3: What is the typical career progression for this role?
Associate Quantitative Analysts typically progress to Senior Analyst roles in 2-3 years, followed by Lead Analyst, Product Manager, or Research Director positions within 5-7 years.
Q4: Can I work remotely full-time?
No, Morningstar follows a hybrid model requiring 4 days in-office each week to foster collaboration and team engagement.
Q5: What kind of indexes will I be working on?
You’ll work on next-generation Benchmark Indexes across both Equity and Fixed Income asset classes, including thematic and smart beta indexes leveraging Morningstar’s proprietary intellectual property.