Equity Research Associate, 2‑Year Development Program

Morningstar Credit Ratings, LLC; Chicago, Northern (IL, KY); Hybrid; USD 75,000 - 91,000; Full time

Benefits offered by this job

401k match up to 6%

Stock ownership potential

Health benefits (medical/dental/vision

Sabbatical program

Parental leave

Job summary

Morningstar’s Equity Research team is seeking an Associate Equity Analyst for the two-year Development Program in Chicago. You will be placed in a cohort and receive mentoring, training, and exposure to different areas of the business to help you succeed at Morningstar.

The role emphasizes strong reasoning and writing, with opportunities to contribute to topical and thematic research and assist with coverage on a variety of firms in the sector. A bachelor’s degree is required by May 2027.

Qualifications

• Bachelor’s degree to be completed no later than May 2027.
• Strong reasoning skills and writing ability.
• Curiosity and willingness to learn are required.

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.

Skills

Reasoning

Writing

Intellectual curiosity

Communication

Education

Bachelor’s degree (by May 2027)

Job description

Morningstar’s Equity Research team is seeking an Associate Equity Analyst for the two-year Development Program in Chicago. You will be placed in a cohort and receive mentoring, training, and exposure to different areas of the business to help you succeed at Morningstar.

The role emphasizes strong reasoning and writing, with opportunities to contribute to topical and thematic research and assist with coverage on a variety of firms in the sector. A bachelor’s degree is required by May 2027.