Morningstar Development Program - Wealth

Morningstar•Chicago, IL

1d•Hybrid

About The Position

The Morningstar Development Program (MDP) – Wealth is designed for recent graduates with less than two years of full-time work experience who are interested in investing. This two-year program provides ongoing career development, networking, mentoring, and training to prepare participants for successful, long-term careers at Morningstar. The program welcomes applicants from all fields of study, valuing diverse perspectives. All positions are based in the Chicago office.

Requirements

Undergraduate degree in finance, economics, business, or a related field preferred; all majors welcome
Strong critical thinking and writing skills, with the ability to synthesize information and form clear ideas
Intellectual curiosity, adaptability, and a willingness to take on new challenges
Foundational knowledge of investing (for example, how stocks and ETFs work) through coursework, internships, or personal interest
Strong communication skills and comfort with client-facing interaction
Working knowledge of Excel (filtering, pivot tables, formulas) and the ability to verify AI-generated output
Demonstrated ability to learn new tools quickly; experience using AI tools is a plus
Leadership and initiative, shown through school, work, or extracurriculars
A resume is required to apply. Please include the word “Resume” in the file name.

Nice To Haves

Experience using AI tools is a plus

Responsibilities

Support the Wealth team’s key business initiatives across data analytics and client service
Pull, analyze, and synthesize data and reports to inform team decisions and client conversations
Support advisor and client relationships through follow-up, materials preparation, and responsive communication
Collaborate with cross-functional partners to learn how the Wealth business operates
Adhere to compliance, regulatory, and company policies and procedures

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) including potential premium discounts and 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