Behavioral Researcher, Investors and Society at Morningstar

| Chicago
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The Group:  The Behavioral Insights Team aims to help investors achieve their goals more effectively through original research about financial behavior.  We study what works and publicize the results broadly.

 

The Role:  Understand the interaction between investors and society, as investors formulate and express their preferences on corporate behavior, sustainability, and the economy.

 

Morningstar is looking for a behavioral researcher to help build out a new area of research on investor preferences and behavior.  In particular, we’re interested in the role that investors currently play – and can play – in their societies.   At its heart, investing directs capital towards and away from companies, changing the cost of doing business; investors thus have a broad impact beyond their own finances. For example, some investors direct their capital in intentional ways to mitigate potential climate change risks in their portfolio, while others pursue impact investing to support diversity equity and inclusion in society.

 

In this role, you’ll conduct statistical analyses and field experiments to understand this dynamic, the specific obstacles that investors face to translating preferences into action, and how to help investors overcome them.  Our goal is not to write theoretical papers – rather, we are developing practical, field-tested guidance for investors and the professionals who serve them. 

 

Most of our team is based in Chicago, but we are open to other US locations, with travel to Chicago.

 

Responsibilities

  • Lead our research on investors and society – developing empirically grounded models of investor preferences and how those preferences are translated into action.
  • Conduct detailed analyses of large individual-level datasets, such as the PSID. 
  • Measure the preferences of investors, especially around corporate behavior.  This includes but is not limited to: the environment, diversity, and political involvement.
  • Through both qualitative and quantitative analyses, identify potential obstacles to investors expressing those preferences in their investments and other engagements with companies.
  • Design, execute, and analyze large-scale randomized control trials to test your ideas; Morningstar interacts with millions of individuals and their advisors.
  • Based on your research, serve as in-house expert on investor interactions with society, understanding and expressing the opportunities we have for empowering investors and outlining their systemic consequences. 
  • Publicize your results – in papers, in the media, and at conferences. 

 

Requirements

  • A PhD or a Masters with appropriate professional experience. This role is particularly appropriate for someone in economics, behavioral economics, quantitative psychology, or data driven public policy, but others with these skills are welcome as well.
  • At least two years of experience using Python, R, STATA, (No)SQL or Matlab to analyze complex individual-level datasets (academics: yes, GRAs count).
  • Professional experience measuring individual intent and developing and field-testing behavioral interventions to close the intention-action gap is strongly preferred.
  • Demonstrated ability writing about behavioral research for a general audience.
  • Experience in and enjoyment of public speaking.
  • A strong professional and/or personal interest in investing.
  • Authorization to work in the U.S.



• Demonstrated ability writing about behavioral research for a general audience.
• Experience and enjoyment in public speaking.
• A strong professional and/or personal interest in investing.

 

 

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Location

22 W. Washington , Chicago, IL 60602

An Insider's view of Morningstar

What does your typical day look like?

Every day is a little different. Our team is focused on POC (Proof of Concepts). My work involves problem-solving, development and software design. I work on the Data collections team, currently most of this involves, on a high level, automating the process currently used to collect data from raw sources through Machine Learning.

Upasna

Software Engineer, Data Collections - AI R&D

How does the company support your career growth?

We believe in promoting from within, based on previous impact to the team. Whenever possible, we will stretch our employees to take on expanded roles that aligns with the career progression they are interested in.

Jeff

Head of Technology and Product

What are Morningstar Perks + Benefits

Morningstar Benefits Overview

At Morningstar, your contributions have meaning and can drive change. Across our 27 offices worldwide, we’ve invested in fostering a community where talented, driven people can grow. Our entrepreneurial spirit and uncompromising ethics guide everything we do. It’s all in the name of empowering investors. Morningstar is proud to offer a comprehensive benefits package to eligible, full-time employees in the United States who work a minimum of 30 hours per week. Our benefits are designed to invest in your -- and your family's well-being, including investments in your health and financial future.

Culture
Volunteer in local community
Morningstar encourages our colleagues to become involved in their communities, by providing paid time off for volunteer activities.
Partners with Nonprofits
Friends outside of work
Eat lunch together
Intracompany committees
Daily stand up
Open door policy
Team owned deliverables
Team based strategic planning
Group brainstorming sessions
Open office floor plan
Diversity
Dedicated Diversity/Inclusion Staff
Unconscious bias training
Morningstar encourages unconscious bias training for all employees, especially managers and hiring personal. We believe that by raising awareness of bias we can decrease its effects.
Diversity manifesto
Someone's primary function is managing the company’s diversity and inclusion initiatives
Diversity Employee Resource Groups
Hiring Practices that Promote Diversity
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Morningstar offers two Flexible Spending Accounts (FSA)— one for healthcare expenses and one for dependent care expenses. You may enroll in both $ determine the contribution amount.
Disability Insurance
Dental Benefits
Our dental plan covers 100% of preventive services, 80% of basic services, and 50% of major services.
Vision Benefits
With Morningstar's vision benefits you can get an annual eye exam with an in-network provider with just a $10 copay.
Health Insurance Benefits
Morningstar continues to offer the choice of two medical plans—the Savings Plan and the Classic Plan. Both are administered by Blue Cross and Blue Shield of Illinois (BCBS).
Life Insurance
Morningstar offers 4 tiers of life insurance that offer varying benefits. Basic Life insurance is equal to 1 times an employee's annual salary.
Wellness Programs
Mental Health Benefits
Our insurance covers 80% on in-network mental health services. Our Employee Assistance Program provides no-cost, confidential, 24-hour counseling on a wide variety of issues.
Retirement & Stock Options Benefits
401(K)
Take advantage of a number of Morningstar tools to help you manage your 401(k) account and your finances, including Morningstar Retirement Manager, available to you at no cost.
401(K) Matching
Morningstar provides employees with a 401(k) matching plan managed. We match $0.75 for every dollar contributed, up to a maximum of 7% of employee pay contributed to the plan each pay period.
Company Equity
Morningstar’s global employee equity benefit, Shared Ownership, enables you to take a portion of your bonus payout and exchange it for RSUs, with Morningstar providing an additional 50% match.
Employee Stock Purchase Plan
Colleagues who exceed their performance goals substantially may be eligible for Impact RSU Awards as an additional reward on top of their cash bonus/commission award.
Performance Bonus
Match charitable contributions
Morningstar's Matching GIfts program will match your charitable giving up to the local currency equivalent of $500 USD per calendar year.
Child Care & Parental Leave Benefits
Child Care Benefits
Morningstar offers the option of in-home child and elder care, in addition to the existing day care center back-up care benefit.
Generous Parental Leave
Morningstar has a global minimum of 6 weeks paid time-off to bond with new family members. This benefit applies to all individuals equally, including birth mothers, fathers, adoptive parents.
Flexible Work Schedule
Morningstar provides employees with a flexible work schedule that includes Summer hours, Work from home, Flexible start and end times.
Remote Work Program
The safety of our employees is very important to us. We have been operating remotely due to COVID-19.
Family Medical Leave
Eligible employees may take up to 12 weeks of job-protected, unpaid leave per year for certain specified reasons, and up to a total of 26 workweeks of leave to care for a family member.
Adoption Assistance
We reimburse up to 80% for eligible adoption expenses, up to $4,000 per adoption, in addition to a minimum of 6 weeks paid time off.
Return-to-work program post parental leave
Company sponsored family events
Morningstar sponsors family oriented events Annually.
Vacation & Time Off Benefits
Unlimited Vacation Policy
Generous PTO
Paid Volunteer Time
Our employees receive 2 days per year of paid volunteer time.
Sabbatical
Paid Holidays
Paid Sick Days
Perks & Discounts
Casual Dress
Commuter Benefits
Company Outings
Some Meals Provided
Happy Hours
Parking
Recreational Clubs
Fitness Subsidies
Professional Development Benefits
Job Training & Conferences
Tuition Reimbursement
Diversity Program
Lunch and learns
Cross functional training encouraged
Promote from within
Mentorship program
Continuing Education stipend
Time allotted for learning
Online course subscriptions available
Customized development tracks
Paid industry certifications

Additional Perks + Benefits

Compensation at Morningstar is more than a salary. It’s about making positive contributions to both life and work. We give our diverse workforce the choice and flexibility they need to maintain their health, retirement plans, time, and professional growth.

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