Morningstar Internship Program- Quantitative Research Intern 2027 (Campus)

Morningstar Credit Ratings, LLC; Chicago (IL); Hybrid; USD 60,890,000 - 82,380,000; Part time

Benefits offered by this job

401k match up to 6%

Stock ownership potential

Life insurance

Health benefits (medical/dental/vision

Wellness incentives

Disability insurance

Volunteer days

Education stipend

Tuition reimbursement

Parental leave

Job summary

Morningstar Credit Ratings, LLC is seeking a Quantitative Research Intern in Chicago. You’ll work on cleaning datasets, developing simple models, building visualizations, and shadowing analysts to learn how data science informs investment analysis.

The program runs for ten weeks with mentorship, teamwork, and exposure to Morningstar’s research ecosystem. You should be pursuing a quantitative or financial degree and can work in the U.S. during the internship.

Qualifications

• Between 0-2 years of professional working experience.
• Currently pursuing a bachelor’s degree in a quantitative or financial discipline (graduating in 2026 or later).
• Familiarity with Python or R for data analysis.
• Basic knowledge of SQL and statistical methods.
• Strong communication skills and ability to explain technical concepts clearly.

Responsibilities

• Assist in cleaning and organizing financial datasets for use in research projects.
• Support the development and testing of models using basic statistical techniques.
• Help build visualizations and summaries to communicate research findings.
• Shadow quantitative analysts to learn how they apply data science to investment questions.
• Collaborate with internal teams to understand how research connects to Morningstar’s products and services.
• Participate in team meetings and contribute ideas to improve research workflows.
• Document processes and findings to support transparency and reproducibility.

Skills

Python

R

SQL

Data analysis

Communication

Education

Bachelor’s degree in quantitative/finance

Tools

Pandas

NumPy

Job description

About the Group:

As a Quantitative Research Intern, you’ll be part of a cohort of interns across the company, participating in training, mentorship, and networking opportunities while contributing meaningfully to our research and data science initiatives. We welcome students who are curious, analytical, and passionate about using data to improve investor outcomes. This internship is ideal for those interested in quantitative research, investment analysis, and financial technology.

The Program:

We created the Morningstar Summer Internship Program for college students entering their final year as a first step towards successful, long-term careers in any professional field. Participants will contribute to different aspects of Morningstar’s business through ten-week- individual and group projects, learning about the financial services and securities industries, and gaining critical business development skills. Our interns receive hands‑on mentoring from their colleagues and the People & Culture team to help them succeed at Morningstar.

Job Responsibilities

• Assist in cleaning and organizing financial datasets for use in research projects.
• Support the development and testing of models using basic statistical techniques.
• Help build visualizations and summaries to communicate research findings.
• Shadow quantitative analysts to learn how they apply data science to investment questions.
• Collaborate with internal teams to understand how research connects to Morningstar’s products and services.
• Participate in team meetings and contribute ideas to improve research workflows.
• Document processes and findings to support transparency and reproducibility.

Qualifications

• Between 0-2 years of professional working experience.
• Currently pursuing a bachelor’s degree in a quantitative or financial discipline (graduating in 2026 or later).
• Familiarity with Python or R for data analysis.
• Basic knowledge of SQL and statistical methods.
• Strong communication skills and ability to explain technical concepts clearly.
• Detail-oriented, curious, and eager to learn.
• Comfortable working independently and in team settings.
• Prior experience with research projects, coding, or financial analysis is a plus.
• Must possess unrestricted right to work in the U.S. for this position.

Location: Chicago Compensation: $25 per hour This Role will be posted until October 5, 2026.

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.

Company overview

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.

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.