Morningstar Development Program - Wealth (Partner Link)

Morningstar Credit Ratings, LLC; Chicago (IL); On-site; USD 62,000 - 75,000; Full time

Benefits offered by this job

401k match

Life insurance

Health benefits

Tuition reimbursement

Paid sabbatical

Volunteer program

Job summary

Morningstar is seeking new graduates for the Morningstar Development Program (MDP) in Chicago. You will join a cohort, receive mentoring and training, and work at the intersection of investment research and client service.

The two-year program emphasizes analytical problem-solving, relationship-building, and exposure to financial markets as you support Wealth initiatives and cross-functional projects under guidance from experienced mentors.

Qualifications

• 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 (stocks/ETFs) through coursework, internships, or personal interest
• Strong communication skills and comfort with client-facing interaction
• Working knowledge of Excel (filters, pivot tables, formulas) and 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

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

Skills

Critical thinking

Writing skills

Communication skills

Adaptability

Leadership

Learning agility

AI tools familiarity

Learning new tools

Education

Undergraduate degree in finance/economics/business

Tools

Excel

AI tools

Job description

The Program At Morningstar, we want people who are smart, creative, hard-working, curious, and passionate about their work. We hire all majors, including liberal arts, because we value the different perspectives they bring.

We built the Morningstar Development Program (MDP) to prepare recent graduates for successful, long-term careers here. Throughout this two-year program, you will join a cohort and receive ongoing career development, networking, mentoring, and training to help you succeed.

We are accepting applicants with less than two years of full-time work experience. We look for people with an interest in investing, and we welcome all fields of study.

All positions are based in our Chicago office.

The Role

As an MDP in the Wealth Track, you will work at the intersection of investment research and client service. You’ll partner with advisors and wealth management organizations to help them better understand and implement Morningstar’s investment and portfolio solutions.

This role combines analytical problem-solving with relationship-building, giving you the opportunity to influence client outcomes while developing deep knowledge of financial markets and wealth management practices.

As part of a larger Wealth team, you will support key business initiatives while participating in the program’s structured training, mentorship, and professional development opportunities designed to accelerate your growth as a future leader.

Job 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

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

The base salary for this role is $68,596. The role will be posted until October 20 and reviewed on a rolling basis.

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

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.

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.

Applicants With Disabilities Who Need Accommodation Morningstar is committed to working with and providing reasonable accommodation to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please call [phone] or email [e-mail] and let us know the nature of your request and your contact information. Please note: We only accept calls from applicants who need accommodation related to a disability. Please, no calls with unrelated questions or requests. Please be sure to include the title and location of the open position you’re interested in when you leave a message.

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