Equity Portfolio Manager

Morningstar; Chicago (IL); On-site; USD 195,600 - 299,916; Full time

Benefits offered by this job

401k match

Stock ownership potential

Life insurance

Health benefits

Wellness programs

Parental leave

Tuition reimbursement

Job summary

Morningstar is seeking an experienced Portfolio Manager to join the Select Equities team in Chicago, leading a U.S. growth strategy. You will build high‑conviction growth portfolios, conduct rigorous company analysis, and participate in peer reviews while engaging with financial advisors and clients.

The ideal candidate has 10+ years of investment experience (buyside preferred), a track record in growth equity, and strong communication and analytical skills; CFA is preferred.

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.

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 equity analysis

Communication skills

Valuation

Research & analysis

Education

Bachelor's degree

CFA designation preferred

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 $10 billion 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

At Morningstar we believe people are at their best when they are at their healthiest. That’s why we champion your wellness through a wide range of programs that support all stages of your personal and professional life. Here are some examples of the offerings we provide:

• 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.