Morningstar Software Engineer salary

Based on 27 H-1B filings by Morningstar, Inc., fiscal years 2025–2026. Base salary only.

Also listed as: Software Developer, Software Development Engineer, SDE

Median salary$136,500
Middle 50%$121.8k–$149.5k
vs. all employers−2%comparison median $139,194
Filings27FY2025–FY2026 · latest two fiscal years

Salary range

Box: middle 50% of filings. Whiskers: 10th–90th percentile. 99% of filings are between $91,179 and $171,544.
PercentileSalary
10th$105,384
25th$121,768
50th (median)$136,500
75th$149,475
90th$156,288

Salary by year

Median salary

$80k $115k $150k FY2020: median $109,000 (29 filings) FY2021: median $99,960 (24 filings) FY2022: median $117,765 (27 filings) FY2023: median $109,555 (33 filings) FY2024: median $130,745 (21 filings) FY2025: median $136,483 (16 filings) FY2026: median $141,749 (11 filings) FY20 FY21 FY22 FY23 FY24 FY25 FY26

Filings per year

FY2020: 29 filings FY20 FY2021: 24 filings FY21 FY2022: 27 filings FY22 FY2023: 33 filings FY23 FY2024: 21 filings FY24 FY2025: 16 filings FY25 FY2026: 11 filings FY26 33
Shaded: FY2025–FY2026, the years behind the figures above. Median shown for years with at least 10 filings. FY2026 covers Q1–Q3 only.
Show as table
Fiscal yearMedianP25P75Filings
FY2020$109,000$95,000$113,63029
FY2021$99,960$94,919$109,10024
FY2022$117,765$108,660$124,71727
FY2023$109,555$101,000$130,00033
FY2024$130,745$103,740$140,21221
FY2025$136,483$123,159$148,94916
FY2026$141,749$124,825$153,41911

By state

Illinois
$136,295
Massachusetts
$123,740
Florida
$142,044
New York
$94,280
Texas
$142,830

Bar length: number of filings (Illinois 22). Figure: average salary in that state.

By city

Chicago, IL$136,539 · 22 filings

Cities with at least 10 filings. Figure: median salary.

By experience level

Wage levelMedianFilings
Level I · Entry too few 2
Level II · Qualified too few 5
Level III · Experienced too few 6
Level IV · Fully competent too few 8

Median shown when a level has at least 10 filings.

Questions

How much does a software engineer make at Morningstar?

In H-1B filings, Morningstar, Inc.'s median base salary for Software Engineer is $136,500; half of filings fall between $121,768 and $149,475. Bonus and stock are not included.

Does Morningstar sponsor H-1B visas for software engineers?

Yes. Morningstar, Inc. filed 27 certified Labor Condition Applications for this role in FY2025–FY2026. A filing is a step before the visa petition, not an approval.

Which job titles are included?

Filings are grouped by occupation code 15-1252 (Software Developers), so this page covers every job title Morningstar filed under that code.

Where does this data come from?

The U.S. Department of Labor's public LCA disclosure files, updated every quarter. Methodology