The Role:
Morningstar Wealth seeks a director to join our Manager Selection team. Reporting to our Head of Manager Selection and working closely with colleagues in the Manager Research team, you will take a lead role in our fund research process, which forms a cornerstone of our Manager Selection Services (MSS). This will include the monitoring of funds as well as contributing to new ideas. Working closely with the other members of the MSS team, you will also be responsible for managing a number of our key client relationships.
You will focus primarily on assessing funds for the team’s Fiduciary Services work, which involves evaluating, selecting, and monitoring funds for use in retirement plan lineups. In our Fiduciary Services work you also will help to develop and promote best practices in retirement plan lineup design and management. You will work closely with members of the Morningstar Retirement team, which provides comprehensive retirement solutions. You also will participate in the broader work of the team, which involves assessing, selecting, and overseeing fund managers and funds to meet a variety of non-retirement portfolio and select-list criteria. This position is based in our Chicago office.
The Responsibilities:
- Comprehensive assessment and oversight of investment offerings (primarily mutual funds), including strategy, management, and firm.
- Coverage of an asset class or subsets of asset classes.
- Work with colleagues in Retirement to provide excellent service to institutional clients, helping meet reporting deadlines.
- Work collaboratively with MSS team and Manager Research analysts to set expectations for fund performance, identify areas of concern, and role in portfolio.
- Contribute to memos and evaluations written quarterly or semi-annually.
- Engage in the creation and ongoing maintenance of defined contribution engagements with plan providers and plan sponsors.
- Periodically develop presentations and present to clients
- Work collaboratively with team to assess and refine selection process on an ongoing basis.
The Requirements:
- 7+ years of experience in evaluating investment strategies from both quantitative and qualitative perspectives, interviewing fund managers, and assessing funds’ long-term prospects.
- Experience working with institutional clients such as retirement plan record keepers, wealth management firms, and broker-dealers.
- Strong writing abilities, excellent quantitative skills, and meticulous attention to detail
- Bachelor's Degree
The Group: The manager selection team draws on core capabilities in manager research to provide innovative investment solutions to institutions, advisors, and investors worldwide. The team serves investors and advisors through its work with institutional clients, providing retirement plan and non-retirement investment selection and oversight services.
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
$201,450.00-308,900.00Inclusive 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.
002_MstarAssocLLC Morningstar Investment Management LLC Legal EntitySkills Required
- 7+ years of experience evaluating investment strategies using quantitative and qualitative perspectives
- Experience interviewing fund managers and assessing funds’ long-term prospects
- Experience working with institutional clients, including retirement plan record keepers, wealth management firms, or broker-dealers
- Strong writing abilities
- Excellent quantitative skills
- Meticulous attention to detail
- Bachelor’s degree
What the Team is Saying
Morningstar Compensation & Benefits Highlights
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Leave & Time Off Breadth — Time-off policies include flexible PTO and a paid sabbatical every four years, often highlighted as a standout perk. Feedback suggests this structure supports strong work–life balance and meaningful breaks.
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Parental & Family Support — Policies advertise a global minimum of 16 weeks for primary caregivers, up to 8 weeks for secondary caregivers, and at least six weeks of paid caregiving leave. These offerings signal above-average support for family and caregiving needs.
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Retirement Support — Retirement programs feature employer 401(k) contributions/matching, with some postings citing a 75% match on up to 7% of pay. Feedback suggests these offerings are a strong pillar of the package.
Morningstar Insights
What We Do
We are a global investment research and financial data company with 40-plus offices across North America, Europe, Australia, and Asia. Our products and services are used daily by individual investors, financial advisors, asset managers, retirement plan providers, and institutional investors. We provide data, research, and analysis across managed investment products, publicly listed companies, private capital markets, debt securities, and real-time global market data. The financial system can have real barriers—hidden information, friction that can slow decisions, and forces that can limit transparency and access. We work to remove them, bringing independent research, connected data, and investor-first tools to a system that needs more clarity. The people doing this work span research, technology, design, product, sales, and functional areas. We build many of our products in-house, so the work can connect directly to the tools investors use to make real financial decisions.
Why Work With Us
Morningstar’s missing is to empower investor success. We can only do that if our people feel empowered. That means finding people who think independently, bring a wide range of backgrounds with analytical rigor and genuine intellectual curiosity to the work.
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Hybrid Workspace
Employees engage in a combination of remote and on-site work.
Across most of our offices globally, employees work four days a week in the office and one day from home. We recognize that life doesn't always fit a fixed schedule and offer programs that can help provided increased workplace flexibility.
