Morningstar Development Program - Equity Research (Partner Link)
About The Position
The Morningstar Development Program is designed to prepare recent college graduates for successful, long-term careers at Morningstar. This two-year program offers ongoing career development, networking, mentoring, training, practicum opportunities, and exposure to different business areas. The program is open to all majors and welcomes applicants with zero to two years of full-time work experience, with an interest in investing being a plus. All positions are based in the Chicago office. Within the equity track, participants begin as an Associate Equity Research Analyst. Morningstar's Research group provides independent ratings for stocks, funds, markets, and portfolios, serving as a leading global source of data and research. The Equity Research team seeks a motivated Associate Equity Analyst to support stock coverage within a sector team. This role involves contributing to topical and thematic research and assisting with coverage of various firms, requiring strong reasoning and writing skills, intellectual curiosity, and a willingness to learn.
Requirements
- A bachelor’s degree to be completed no later than May 2027
- A resume is required to apply. Please be sure to include the word "Resume" in the file name of the resume you upload to your application on the front page.
- Highly motivated to succeed in a stimulating environment.
- Irrepressible curiosity, with an eagerness to dig deep and explore widely.
- Creativity, with a penchant for experimenting with new ways to approach questions and puzzles.
- High personal standards for thoroughness and attention to detail.
- Strong reasoning skills.
- Ability to communicate complex ideas clearly and succinctly.
- Zero to two years of full-time work experience.
Nice To Haves
- Interest in investing
Responsibilities
- Acquire a deep understanding of the companies and industries your team covers by gathering and interpreting relevant research, news, and data.
- Build modeling expertise by helping your teammates develop and maintain company and industry models.
- Develop high proficiency with Morningstar’s equity research methodologies and disciplines relevant to equity research, including financial statement analysis and corporate finance.
- Support your team’s efforts to publish timely and insightful research updates aimed at broad audience of investors.
- Collaborate with teammates on “deep dive” research that is differentiated, substantiated, and clearly communicated.
- Sharpen your awareness of behavioral biases and embody an “investors first” mindset at all times.
Benefits
- 100% 401k match up to 6% of salary
- Stock Ownership Potential
- Company provided life insurance - 1x salary + commission
- Comprehensive health benefits (medical/dental/vision)
- Potential premium discounts
- Company-provided HSA contributions (up to $500-$2,000 annually) for specific plans and coverages
- Additional medical Wellness Incentives - up to $300-$600 annual
- Company-provided long- and short-term disability insurance
- Trust-Based Time Off
- 6-week Paid Sabbatical Program
- 6-Week Paid Family Caregiving Leave
- Competitive 8-24 Week Paid Parental Leave
- Adoption Assistance
- Leadership Coaching & Formal Mentorship Opportunities
- Annual Flex Stipend - $1000 annually to cover personal education & well-being expenses
- Tuition Reimbursement
- Charitable Matching Gifts program
- Dollars for Doers volunteer program
- Paid volunteering days
- 15+ Employee Resource & Affinity Groups
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
