Hybrid Equity Research Associate, Development Program

Morningstar, Inc.; Chicago (IL); On-site; USD 75,000 - 91,000; Full time

Benefits offered by this job

401k match up to 6%

Stock ownership potential

Company provided life insurance

Job summary

Morningstar, Inc. in Chicago offers a two-year Development Program designed for recent graduates with 0–2 years of experience, rotating through teams in equity research.

The program provides mentoring, practicum opportunities, and exposure to different business areas to foster long-term career growth. You will start as an Associate Equity Research Analyst in the equity track, gaining hands-on experience, training opportunities, and collaboration with a team of researchers in a supportive,

Qualifications

• Bachelor's degree to be completed no later than May 2027
• Please 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

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.

Skills

Curiosity

Creativity

Strong reasoning

Communication

Education

Bachelor's degree

Job description

Morningstar, Inc. in Chicago offers a two-year Development Program designed for recent graduates with 0–2 years of experience, rotating through teams in equity research.

The program provides mentoring, practicum opportunities, and exposure to different business areas to foster long-term career growth. You will start as an Associate Equity Research Analyst in the equity track, gaining hands-on experience, training opportunities, and collaboration with a team of researchers in a supportive,