Equity Portfolio Manager

Morningstar; Chicago (IL); On-site; USD 196,000 - 300,000; Full time

Benefits offered by this job

401k match up to 6%

Stock ownership potential

Health benefits

Wellness incentives

Disability insurance

Sabbatical program

Parental leave

Tuition reimbursement

Job summary

Morningstar Investment Management LLC is seeking an experienced Portfolio Manager for a U.S. growth strategy. The Select Equities team manages multiple accounts with a disciplined approach to valuation and risk, and the role involves client communications and quarterly commentary.

The ideal candidate has 10+ years of investment experience on the buyside, strong growth-company analysis skills, and CFA preference. Flexible location with Chicago as a preferred hub in Morningstar’s hybrid model.

Qualifications

• Minimum of 10 years of professional investment experience with at least 5 years on the buyside.
• Experience as a portfolio manager and/or analyzing growth companies.
• Strong alignment with Morningstar’s philosophy and approach to investing in equities.
• Demonstrates intellectual curiosity and genuine interest in learning new subjects, industries, and companies.
• Strong communication skills, both written and verbal.
• Bachelor's degree; CFA designation strongly preferred.

Responsibilities

• Serve as portfolio manager for a growth‑focused equity strategy that follows a disciplined approach to company valuation and portfolio risk management.
• Contribute to the team’s overall company research and portfolio management efforts.
• Participate in the team’s peer review process, which includes providing feedback to portfolio managers on other strategies about prospective trades and portfolio positioning.
• Communicate with clients. Responsibilities include quarterly commentaries, webinars, meetings with financial advisors, etc.

Skills

Portfolio management

Growth company analysis

Investment research

Communication skills

Critical thinking

CFA designation

Education

Bachelor's degree

Job description

The Group: The Investment Management group is guided by Morningstar’s investment principles focused on delivering great long‑term investment results to help end‑investors reach their financial goals. We use our expertise in asset allocation, research, investment selection and portfolio construction to create world‑class investment strategies leveraging the full resources of Morningstar, Inc. Through our investment offerings, we serve financial advisers and institutions, and the investors that they serve.

The Role: The Select Equities team manages 6 distinct separate account strategies with a combined $10billion of AUA as of Dec. 31, 2025. We are looking to add an experienced investment professional to join the team as a Portfolio Manager for our U.S. growth strategy. The Select Equities Team constructs high‑conviction portfolios, with most of our separately managed accounts holding 25‑50 stocks. While Chicago is the preferred location for this role, we welcome applications from qualified candidates located in other locations.

Responsibilities

• Serve as portfolio manager for a growth‑focused equity strategy that follows a disciplined approach to company valuation and portfolio risk management.
• Contribute to the team’s overall company research and portfolio management efforts.
• Participate in the team’s peer review process, which includes providing feedback to portfolio managers on other strategies about prospective trades and portfolio positioning.
• Communicate with clients. Responsibilities include quarterly commentaries, webinars, meetings with financial advisors, etc.

Qualifications

• Minimum of 10 years’ professional investment experience with at least 5 years on the buyside.
• Strong preference for relevant experience as a portfolio manager and/or analyzing growth companies.
• Alignment with Morningstar’s philosophy and approach to investing in equities.
• Demonstrates intellectual curiosity and genuine interest in learning new subjects, industries, and companies.
• Strong communication skills, both written and verbal.
• Excellent critical thinking skills with a focus on company analysis and valuation.
• Bachelor's degree; CFA designation strongly preferred.

Compensation and Benefits

• Financial Health 100% 401k match up to 6% of salary
• Stock Ownership Potential
• Company provided life insurance - 1x salary + commission
• Physical Health 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
• Emotional Health 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
• Social Health Charitable Matching Gifts program
• Dollars for Doers volunteer program
• Paid volunteering days 15+
• Employee Resource & Affinity Groups
• Total Cash Compensation Range $195,600.00-299,916.66 Inclusive of annual base salary and target incentive

Morningstar's hybrid work environment gives you the opportunity to collaborate in‑person each week as we've found that we're at our best when we're purposely together on a regular basis. In most of our locations, our hybrid work model is four days in‑office each week. A range of other benefits are also available to enhance flexibility as needs change. No matter where you are, you'll have tools and resources to engage meaningfully with your global colleagues.

002_MstarAssocLLC Morningstar Investment Management LLC Legal Entity Morningstar is a global independent investment research and financial data company. Here, you'll help uncover what’s hidden, simplify what’s complex, and create insights that empower investor success.

Company overview

Morningstar Development Program Morningstar is strongly committed to creating and preserving equal opportunity for all employees and applicants. We make all employment decisions—including recruitment, hiring, compensation, training, promotion, transfer, discipline, termination, and other personnel matters—without regard to race, color, ancestry, religion, sex, national origin, age, disability, protected veteran status, marital status, sexual orientation, genetic information, citizenship, gender identity and expression, parental status, or other legally protected characteristics or conduct.