Salary Guide · India 2026
Morgan Stanley India (MSCI) is one of the largest global investment banks with a major technology and analytics centre in Mumbai, employing 5,000+ technologists across full-stack, data engineering, and quantitative roles. Salary ranges below are sourced primarily from AmbitionBox, with Glassdoor as a secondary cross-check, and reflect total CTC (base + variable + equity) at the 25th–90th percentile of reported offers in India.
Software Engineer · Lead / 10–12 yrs
₹60.5L – ₹107.2Ltotal CTC
Salary bands for 15 roles at Morgan Stanley, from Software Engineer to Engineering Manager — see all below.
Working at Morgan Stanley
~6,000 employees in India (Mumbai primarily). NYSE: MS. Global revenue ~$55B. Mumbai tech centre is a Tier-1 engineering hub, not just support.
What the interview actually tests
Compensation includes base + RSU (Morgan Stanley stock). No joining bonus at India offices. Technical rounds: strong DS&A + system design with finance domain twist (trade lifecycle, order management, risk calculation). Cultural fit emphasis. Senior roles need understanding of financial instruments (equities, fixed income, derivatives basics).
Role
What Software Engineers actually earn at Morgan Stanley in India, across every experience level.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹16L – ₹26L | RSU₹2L – ₹5L/yr |
| Mid-level / 3–5 yrs | ₹30L – ₹50L | RSU₹6L – ₹16L/yr |
| Senior / 6–9 yrs | ₹55L – ₹90L | RSU₹15L – ₹35L/yr |
| Lead / 10–12 yrs | ₹60.5L – ₹107.2L | None |
Role
Morgan Stanley's pay bands for Investment Banking Analysts in India, fresher through senior.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹6.6L – ₹13.2L | None |
| Mid-level / 3–5 yrs | ₹13.2L – ₹26.4L | None |
| Senior / 6–9 yrs | ₹24.2L – ₹47.9L | None |
Negotiation focus: Fixed salary + bonus payout history + compliance/risk scope. HR posture: "This is above our current band for the role."
Role
Total CTC ranges for Backend Developers at Morgan Stanley India, from fresher to senior level.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹11L – ₹20.9L | None |
| Mid-level / 3–5 yrs | ₹19.8L – ₹37.4L | None |
| Senior / 6–9 yrs | ₹38.5L – ₹71.5L | None |
| Lead / 10–12 yrs | ₹60.5L – ₹107.2L | None |
Negotiation focus: Fixed salary + level calibration + joining bonus. HR posture: "This is above our current band for the role."
Role
What Business Analysts actually earn at Morgan Stanley in India, across every experience level.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹6.6L – ₹13.2L | None |
| Mid-level / 3–5 yrs | ₹11.9L – ₹15.1L | None |
| Senior / 6–9 yrs | ₹13L – ₹16.4L | None |
| Lead / 10–12 yrs | ₹22L – ₹41.2L | None |
Negotiation focus: Fixed salary + level calibration + joining bonus. HR posture: "This is above our current band for the role."
Role
Morgan Stanley's pay bands for Data Analysts in India, fresher through senior.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹6.6L – ₹12.1L | None |
| Mid-level / 3–5 yrs | ₹11L – ₹20.9L | None |
| Senior / 6–9 yrs | ₹19.8L – ₹37.4L | None |
Negotiation focus: Fixed salary + level calibration + joining bonus. HR posture: "This is above our current band for the role."
Role
Morgan Stanley's pay bands for Data Scientists in India, fresher through senior.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹11L – ₹19.2L | None |
| Mid-level / 3–5 yrs | ₹22L – ₹44L | None |
| Senior / 6–9 yrs | ₹38.5L – ₹79.8L | None |
Negotiation focus: Fixed salary + level calibration + joining bonus. HR posture: "This is above our current band for the role."
Role
Total CTC ranges for DevOps / SREs at Morgan Stanley India, from fresher to senior level.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹15.4L – ₹26.9L | None |
| Mid-level / 3–5 yrs | ₹30.8L – ₹59.4L | None |
| Senior / 6–9 yrs | ₹55L – ₹110L | None |
Negotiation focus: Fixed salary + level calibration + joining bonus. HR posture: "This is above our current band for the role."
Role
Morgan Stanley's pay bands for HR Managers in India, fresher through senior.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹11L – ₹20.9L | None |
| Senior / 6–9 yrs | ₹19.8L – ₹37.4L | None |
Negotiation focus: Fixed salary + level calibration + joining bonus. HR posture: "This is above our current band for the role."
Role
Morgan Stanley's pay bands for Legal Counsels in India, fresher through senior.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹6.6L – ₹13.2L | None |
| Mid-level / 3–5 yrs | ₹13.2L – ₹26.4L | None |
| Senior / 6–9 yrs | ₹24.2L – ₹47.9L | None |
Negotiation focus: Fixed salary + bonus payout history + compliance/risk scope. HR posture: "This is above our current band for the role."
Role
Total CTC ranges for Operations Managers at Morgan Stanley India, from fresher to senior level.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹8.8L – ₹15.4L | None |
| Mid-level / 3–5 yrs | ₹15.4L – ₹29.7L | None |
| Senior / 6–9 yrs | ₹27.5L – ₹55L | None |
Negotiation focus: Fixed salary + variable payout + city/region/team scope + allowances. HR posture: "This is above our current band for the role."
Role
Morgan Stanley's pay bands for Product Managers in India, fresher through senior.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹15.4L – ₹25.3L | None |
| Mid-level / 3–5 yrs | ₹27.5L – ₹52.2L | None |
| Senior / 6–9 yrs | ₹49.5L – ₹96.2L | None |
Negotiation focus: Fixed salary + level calibration + joining bonus. HR posture: "This is above our current band for the role."
Role
What Program Managers actually earn at Morgan Stanley in India, across every experience level.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹15.4L – ₹25.3L | None |
| Mid-level / 3–5 yrs | ₹27.5L – ₹52.2L | None |
| Senior / 6–9 yrs | ₹49.5L – ₹96.2L | None |
| Manager / 12+ yrs | ₹104.5L – ₹189.8L | None |
Negotiation focus: Fixed salary + level calibration + joining bonus. HR posture: "This is above our current band for the role."
Role
What QA Engineers actually earn at Morgan Stanley in India, across every experience level.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Fresher / 0–2 yrs | ₹5.5L – ₹10.4L | None |
| Mid-level / 3–5 yrs | ₹9.9L – ₹19.2L | None |
| Senior / 6–9 yrs | ₹17.6L – ₹33.5L | None |
Negotiation focus: Fixed salary + level calibration + joining bonus. HR posture: "This is above our current band for the role."
Role
Morgan Stanley's pay bands for Data Engineers in India, fresher through senior.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Mid-level / 3–5 yrs | ₹25.4L – ₹29.1L | None |
| Senior / 6–9 yrs | ₹27.4L – ₹31.2L | None |
AB yoe-bucket scrape: Data Engineer 3-6y (n=92); n=92
Role
Total CTC ranges for Engineering Managers at Morgan Stanley India, from fresher to senior level.
| Experience Level | Total CTC (LPA) | Equity |
|---|---|---|
| Lead / 10–12 yrs | ₹30.6L – ₹34.7L | None |
AB scrape: Technical Lead (n=91); n=91
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