Morningstar Residency Program

| Chicago

The Program: The Morningstar Residency Program is designed to provide those with an associate’s degree a full time salaried opportunity to gain experience while they attain their Bachelor’s degree. It will provide participants with experience across Morningstar’s technical core competencies including software engineering, quality assurance, DevOps engineering, information security, and infrastructure/network engineering.

 

Fueling the technologies that drive our products and support our company’s infrastructure, the Technology team consists of talented developers, network architects, and IT experts who help make technology one of Morningstar’s core strengths. Though our technologists represent a range of skills and knowledge bases, they all view technology as a craft and care deeply about creating positive user experiences. From Agile methodologies to mobile applications, to software as a service (SaaS) delivered from our private cloud, we push technology’s boundaries to build scalable, elegant solutions that help investors reach their financial goals.

 

Our Product Groups: 
Individual Investor – building products like Morningstar.com and mobile apps for individuals like yourself 
Institutional Investor – developing some of our flagship products like Morningstar Direct for institutional investors and our Advisor products for financial advisors 
Workplace – this is where we build and provide our hosted digital advice platform for Retirement plans, 401K’s, etc. (what some call robo-advisors) 
Data – this is the heart of Morningstar where all data is sourced, collected, transformed, calculated and distributed across the world 
 

The Role: The team is looking for forward-thinking problem solvers who thrive in a fast-paced environment. In this role, you will collaborate with the team lead, Scrum Master, business analysts, QA, and other developers to build technology solutions for Morningstar’s Indexes applications using a variety of frontend and backend technologies including AWS (ECS, Lambda, S3, DynamoDB, RDS), Spring-boot microservices, Kafka, Docker, Node.js, and Vue.js. You will also support existing systems, study their enterprise complexities and develop/implement better systems with modern software development practices. You will need to develop a good understanding of the platform and the data model over time. You need to be passionate about technology, curious, and able to learn and experiment independently.

 

Responsibilities:

  • Participate in Agile ceremonies, design sessions, and help develop and maintain the software code base of Indexes in both traditional and cloud-based architectures.
  • Help implement software solutions that meet product requirements and quality needs with respect to functionality, performance, scalability, reliability, schedules and adherence to Indexes goals and principles.
  • Continually improve your skills by learning independently and from the members of your team
  • Follow good development practices like test driven development and continuous integration
  • Bring new ideas to the team and promote innovation

 

Requirements:

  • Completed associate’s degree
  • Enrolled in a Bachelor’s degree program in Computer Science or related
  • Excellent listening, written and verbal communication skills
  • Passionate about technology and self-learner

 

Good to Have:

  • Experience in Java, C#, Python, or Node.js
  • Knowledge of more than one programming language.
  • Experience with modern development practices in areas of product design, requirement analysis, test driven development, and test automation
  • Strong computer science fundamentals
  • Hands on experience with SQL and/or NoSQL databases (preferably MS SQL/RDS/DynamoDB/Athena).
  • Knowledge/Certification of AWS (ECS, Lambda, S3, DynamoDB, Athena, RDS, Glue)
  • Knowledge of Docker, Kubernetes, or other containerization platforms
  • Knowledge of web UI frameworks like Vue.js, React, or Angular
  • Awareness of or contribution to open source is a big plus.​

 

Employment is contingent on continuous enrollment through the length of the program.

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Technology we use

  • Engineering
    • .NETLanguages
    • C#Languages
    • C++Languages
    • JavaLanguages
    • JavascriptLanguages
    • PythonLanguages
    • RubyLanguages
    • ScalaLanguages
    • SqlLanguages
    • D3JSLibraries
    • ReactLibraries
    • AngularJSFrameworks
    • ASP.NETFrameworks
    • Backbone.jsFrameworks
    • Ember.jsFrameworks
    • ExpressFrameworks
    • FlaskFrameworks
    • Node.jsFrameworks
    • PlayFrameworks
    • SpringFrameworks
    • MariaDBDatabases
    • MemcachedDatabases
    • Microsoft SQL ServerDatabases
    • MySQLDatabases
    • PostgreSQLDatabases

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 sync
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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