Associate Equity Analyst

About the role: Job Description

The Group

Morningstar’s Research group provides impartial ratings on stocks, funds, markets, and portfolios. Morningstar is one of the largest independent sources of fund, equity, and credit data and research in the world, and our advocacy for investors’ interests is the foundation of our company. We believe that our researchers are among the most respected in the industry, and that we offer original, influential, thoughtful, and unbiased research. We offer stimulating career paths and the opportunity to work alongside talented and collaborative teammates.

The Role

Our Equity Research team is looking for a highly motivated Equity Associate to facilitate coverage of stocks on a sector team. The Associate will have opportunities to contribute materially to topical and thematic research, and substantially assist with coverage on a variety of firms in the sector. This position is based in our Chicago office.

Job 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.

Qualifications:

• 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.

• Bachelor’s degree.

• Progress toward CFA designation and/or MBA preferred.

• Comfortable drawing conclusions amid incomplete information and under tight deadlines.

• Collaborative mindset, capable of respectfully accepting and providing constructive feedback.

Please submit a resume and cover letter with your application materials.

Note: This role does not qualify for immigration sponsorship. Morningstar will not be considering candidates that require immigration sponsorship now or in the future for this role.

Compensation and Benefits

At Morningstar we believe people are at their best when they are at their healthiest. That’s why we champion your wellness through a wide range of programs that support all stages of your personal and professional life. Here are some examples of the offerings we provide:

• 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

Total Cash Compensation Range

Inclusive of annual base salary and target incentive

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.