Senior Investment Analyst, Multi-Asset Research

Group

The Group:
Research & Investments creates compelling insights and effective investment solutions to empower investor success. We honor time‑tested investment principles and consistently apply robust methodologies to earn and protect trust. We thoughtfully deploy our key asset, our people, to scale and deliver more value to more investors. This diverse group comprises Morningstar’s Investment Management (IM) and Equity Research teams, in addition to our Behavioral Insights team.

We require a Senior Analyst to join our equity team within Multi‑Asset Research (MAR). This role reports to the Head of Equity Research and works closely with the MAR and IM teams. The Senior Analyst will focus on producing world‑class proprietary equity market investment research to support the management of the group’s investment strategies. The role is based in our Chicago office.

• Collaborate with multi‑asset research colleagues, portfolio managers, and equity research colleagues to formulate security‑ and market‑level investment views, supporting equity strategies within multi‑asset portfolios.
• Author actionable investment theses grounded in capital‑cycle analysis, industry competitive dynamics, valuation assessment, and associated fundamental risks.
• Monitor equity market opportunities and keep portfolio managers apprised of developing opportunities for consideration inside our multi‑asset portfolios.
• Assist with the ongoing enhancement of equity valuation frameworks in collaboration with the quantitative research team.
• Build and maintain robust and efficient investment processes and models.
• Produce equity market thought leadership for both internal and external client demands.

• 5+ years of progressive hands‑on fundamental equity research experience with an understanding of the drivers of forward‑looking stock/equity market returns.
• Passion for investing, markets, in‑depth fundamental investment research, and supporting investment strategies and offerings.
• Alignment with Morningstar’s philosophy and approach to investing.
• Demonstrated expertise in equity security‑level valuation models.
• Excellent critical thinking skills with a focus on industry and company analysis.
• Outstanding oral and written communication skills, with the ability to produce high quality written materials and to communicate complex ideas clearly and succinctly.
• CFA designation or a post‑graduate designation is preferable.

Morningstar’s compensation structure is comprised of base salary and target incentives. Total Cash Compensation Range: $ – $ (inclusive of annual base salary and target incentive).

• 100% 401(k) 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

• 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
• Charitable Matching Gifts program – Dollars for Doers volunteer program
• Paid volunteering days – 15+ days
• Employee Resource & Affinity Groups

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.

Morningstar is strongly committed to creating and preserving equal opportunity for all employees and applicants. We make all employment decisions—including recruitment, hiring, compensation, training, promotion, transfer, discipline, termination, and other personnel matters—without regard to race, color, ancestry, religion, sex, national origin, age, disability, protected veteran status, marital status, sexual orientation, genetic information, citizenship, gender identity and expression, parental status, or other legally protected characteristics or conduct.