Senior Tech SaaS Equity Research Analyst

Morningstar; Chicago (IL); Hybrid; USD 114,000 - 167,000; Full time

Benefits offered by this job

401k match up to 6%

Stock ownership potential

Life insurance

Health benefits

Wellness incentives

Sabbatical

Parental leave

Educational stipend

Job summary

Morningstar in Chicago seeks an experienced equity analyst to cover Technology stocks, with a primary focus on SaaS companies. The role offers intellectual freedom to develop long‑term, original research pieces and to publish notes for a sophisticated client base.

The analyst will be in the office most days, collaborating with a top-tier team and contributing to Morningstar’s Economic Moat framework. You will develop fair-value estimates, perform detailed DCF analyses, and present insights that

Qualifications

• Bachelor’s degree; CFA designation and/or a Masters degree is preferred.
• Three to five years of experience in sell side or buy side equity research; Alternatively, three to five years of technology industry experience combined with a proven interest in equity research.
• Advanced Excel proficiency and strong quantitative skills; ability to build and interpret financial models.

Responsibilities

• Analyze publicly available information and build data to create investment mosaic for approximately 20 Tech companies, focusing on SaaS.
• Estimate fair values for selected SaaS peers and major players like Microsoft, Salesforce, Atlassian, Shopify, ServiceNow.
• Develop long-term industry vision and write notes for a sophisticated client base with timely, accurate insights.

Skills

Quantitative analysis

Written and verbal communication

Independent thinking

Decision making under deadlines

Interest in investing

Education

Bachelor's degree; CFA designation and/or Masters preferred

Tools

Excel

Financial modeling

DCF modeling

Job description

Morningstar in Chicago seeks an experienced equity analyst to cover Technology stocks, with a primary focus on SaaS companies. The role offers intellectual freedom to develop long‑term, original research pieces and to publish notes for a sophisticated client base.

The analyst will be in the office most days, collaborating with a top-tier team and contributing to Morningstar’s Economic Moat framework. You will develop fair-value estimates, perform detailed DCF analyses, and present insights that