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Morningstar Software Engineer Salaries in Greater Chicago Area

Software Engineer compensation in Greater Chicago Area at Morningstar ranges from $99.5K per year for Associate Software Engineer to $144K per year for Senior Software Engineer. The median yearly compensation in Greater Chicago Area package totals $110K. View the base salary, stock, and bonus breakdowns for Morningstar's total compensation packages. Last updated: 6/12/2025

Average Compensation By Level
Add CompCompare Levels
Level Name
Total
Base
Stock
Bonus
Associate Software Engineer
(Entry Level)
$99.5K
$96.8K
$1.3K
$1.5K
Software Engineer
$111K
$102K
$154
$8.9K
Senior Software Engineer
$144K
$133K
$1.7K
$9.3K
Lead Software Engineer
$ --
$ --
$ --
$ --
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$160K

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Vesting Schedule

25%

YR 1

25%

YR 2

25%

YR 3

25%

YR 4

Stock Type
RSU

At Morningstar, RSUs are subject to a 4-year vesting schedule:

  • 25% vests in the 1st-year (25.00% annually)

  • 25% vests in the 2nd-year (25.00% annually)

  • 25% vests in the 3rd-year (25.00% annually)

  • 25% vests in the 4th-year (25.00% annually)



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Full-Stack Software Engineer

Backend Software Engineer

FAQ

The highest paying salary package reported for a Software Engineer at Morningstar in Greater Chicago Area sits at a yearly total compensation of $156,000. This includes base salary as well as any potential stock compensation and bonuses.
The median yearly total compensation reported at Morningstar for the Software Engineer role in Greater Chicago Area is $100,000.

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