Manager Research Analyst
Morningstar, Chicago, IL, United States
The Group
Morningstar’s Research group provides independent analysis on individual securities, funds, markets, and portfolios. The Research group also provides data on hundreds of thousands of investment offerings, including stocks, mutual funds, and similar vehicles, along with real‑time global market data on millions of equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. 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.
The Role
The Analyst role on US manager research team is responsible for producing high‑quality strategy‑level analysis and broader asset class research that helps investors make better decisions. This role also serves the team through covering select asset management firms as a parent lead and, when appropriate, mentoring newer analysts. The position is based in our Chicago office and is in‑office four days per week.
Responsibilities
Be part of a collaborative team culture that aims for and prizes high‑quality research, resulting in analyses that are insightful, ratings that are good calls for investors, and broader research that helps investors understand the managed products landscape.
Conduct quantitative and qualitative analysis using our databases, monitor regulatory information, interview portfolio managers, and perform on‑site due diligence visits of asset‑management firms.
Develop clear opinions to support forward‑looking ratings on funds and other investment vehicles based on research that focuses on the funds’ management, strategy, parent company, performance, and expenses.
Continue to pursue investing expertise while striving to specialize in a particular asset class, whether equities, fixed income, or multi‑assets and alternatives.
Engage with the external market (media, wealth managers, regulators) to strengthen understanding of Morningstar capabilities.
Contribute to thought leadership and/or the development of analytical tools that improve strategy analysis.
Requirements
Bachelor’s degree; an MBA, CFA, CFP or other advanced degree/accreditation a plus.
Investing expertise with two to four years of experience in manager research or a related role.
Specialization in a particular asset class a plus.
Familiarity with liquid (open‑end and exchange‑traded funds) vehicles, experience with semi‑liquid vehicles (interval and/or tender‑offer funds, business development companies) a plus.
Demonstrated expertise in strategy level analysis.
Excellent communications skills.
Strong time management skills.
Mentorship skills.
Familiarity with programming languages (e.g., Python, R, MATLAB) and/or artificial intelligence a plus.
Cover Letter & Compensation
Cover letter recommended: Please indicate whether your background and preferences would make a better fit for our equity or fixed income manager research teams as we have openings on both teams.
Target Total Cash Compensation Range: $114,100 - $193,975.
Compensation & 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 – $1,000 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
Work Environment
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.
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Morningstar’s Research group provides independent analysis on individual securities, funds, markets, and portfolios. The Research group also provides data on hundreds of thousands of investment offerings, including stocks, mutual funds, and similar vehicles, along with real‑time global market data on millions of equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. 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.
The Role
The Analyst role on US manager research team is responsible for producing high‑quality strategy‑level analysis and broader asset class research that helps investors make better decisions. This role also serves the team through covering select asset management firms as a parent lead and, when appropriate, mentoring newer analysts. The position is based in our Chicago office and is in‑office four days per week.
Responsibilities
Be part of a collaborative team culture that aims for and prizes high‑quality research, resulting in analyses that are insightful, ratings that are good calls for investors, and broader research that helps investors understand the managed products landscape.
Conduct quantitative and qualitative analysis using our databases, monitor regulatory information, interview portfolio managers, and perform on‑site due diligence visits of asset‑management firms.
Develop clear opinions to support forward‑looking ratings on funds and other investment vehicles based on research that focuses on the funds’ management, strategy, parent company, performance, and expenses.
Continue to pursue investing expertise while striving to specialize in a particular asset class, whether equities, fixed income, or multi‑assets and alternatives.
Engage with the external market (media, wealth managers, regulators) to strengthen understanding of Morningstar capabilities.
Contribute to thought leadership and/or the development of analytical tools that improve strategy analysis.
Requirements
Bachelor’s degree; an MBA, CFA, CFP or other advanced degree/accreditation a plus.
Investing expertise with two to four years of experience in manager research or a related role.
Specialization in a particular asset class a plus.
Familiarity with liquid (open‑end and exchange‑traded funds) vehicles, experience with semi‑liquid vehicles (interval and/or tender‑offer funds, business development companies) a plus.
Demonstrated expertise in strategy level analysis.
Excellent communications skills.
Strong time management skills.
Mentorship skills.
Familiarity with programming languages (e.g., Python, R, MATLAB) and/or artificial intelligence a plus.
Cover Letter & Compensation
Cover letter recommended: Please indicate whether your background and preferences would make a better fit for our equity or fixed income manager research teams as we have openings on both teams.
Target Total Cash Compensation Range: $114,100 - $193,975.
Compensation & 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 – $1,000 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
Work Environment
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.
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