Morningstar Internship Program- Quantitative Research Intern 2027 (Campus)

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Chicago, IL, USA
Hybrid
100-500 Hourly
Internship
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The Role
Supports quantitative research by cleaning financial datasets, testing statistical models, creating visualizations, documenting findings, and collaborating with analysts and internal teams. The intern gains exposure to investment analysis, financial technology, and research workflows through mentorship, training, and project-based work.
Summary Generated by Built In
About the Group: As a Quantitative Research Intern, you’ll be part of a cohort of interns across the company, participating in training, mentorship, and networking opportunities while contributing meaningfully to our research and data science initiatives. We welcome students who are curious, analytical, and passionate about using data to improve investor outcomes. This internship is ideal for those interested in quantitative research, investment analysis, and financial technology. 

The Program: We created the Morningstar Summer Internship Program for college students entering their final year as a first step towards successful, long-term careers in any professional field. Participants will contribute to different aspects of Morningstar’s business through ten-week- individual and group projects, learning about the financial services and securities industries, and gaining critical business development skills. Our interns receive hands-on mentoring from their colleagues and the People & Culture team to help them succeed at Morningstar. 

Job Responsibilities:  

  • Assist in cleaning and organizing financial datasets for use in research projects. 

  • Support the development and testing of models using basic statistical techniques. 

  • Help build visualizations and summaries to communicate research findings. 

  • Shadow quantitative analysts to learn how they apply data science to investment questions. 

  • Collaborate with internal teams to understand how research connects to Morningstar’s products and services. 

  • Participate in team meetings and contribute ideas to improve research workflows. 

  • Document processes and findings to support transparency and reproducibility. 

Qualifications 

  • Between 0-2 years of professional working experience.

  • Currently pursuing a bachelor’s degree in a quantitative or financial discipline (graduating in 2026 or later). 

  • Familiarity with Python or R for data analysis. 

  • Basic knowledge of SQL and statistical methods. 

  • Strong communication skills and ability to explain technical concepts clearly. 

  • Detail-oriented, curious, and eager to learn. 

  • Comfortable working independently and in team settings. 

  • Prior experience with research projects, coding, or financial analysis is a plus. 

  • Must possess unrestricted right to work in the U.S. for this position. 

  • A resume is required to apply. Please include the word "Resume" in the file name of the resume you upload. 

Location:  Chicago  

Compensation: $25 per hour

This Role will be posted until October 5, 2026.

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

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.

Skills Required

  • Between 0 and 2 years of professional working experience
  • Currently pursuing a bachelor's degree in a quantitative or financial discipline, graduating in 2026 or later
  • Familiarity with Python or R for data analysis
  • Basic knowledge of SQL and statistical methods
  • Strong communication skills and ability to explain technical concepts clearly
  • Detail-oriented, curious, and eager to learn
  • Ability to work independently and in team settings
  • Prior experience with research projects, coding, or financial analysis
  • Unrestricted right to work in the United States
  • Resume submitted with the word Resume in the filename

What the Team is Saying

Anna
Upasna
Saurabh
Wendell
Raaghavendar
Jeff
Brandon
Kunal Kapoor
Elizabeth Collins
Marie Trzupek Lynch
Rod Diefendorf
Christine

Morningstar Compensation & Benefits Highlights

  • Leave & Time Off Breadth Policies include a paid sabbatical every four years and flexible PTO covering vacation, sick, and personal days, alongside paid volunteer time. Feedback suggests these features create meaningful flexibility and rest opportunities beyond standard leave plans.
  • Parental & Family Support A global minimum of 16 weeks paid parental leave for primary caregivers (up to 8 weeks for secondary) and at least six weeks of paid caregiving leave are publicly stated, with adoption assistance also available. These provisions indicate robust support for families during key life events.
  • Retirement Support U.S. materials document a 401(k) match of $0.75 per $1 up to 7% of pay and no‑cost access to Morningstar retirement tools. This combination strengthens long‑term savings and planning for employees.

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The Company
HQ: Chicago, IL
11,500 Employees
Year Founded: 1984

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

Imagining big things is in our blood -- it's transformed us from a company with just a few employees in 1984 to a leading independent investment research company with a worldwide presence today. As of April 2020, we acquired Sustainalytics to drive long-term meaningful outcomes for investors in the ESG space. Join us on this exciting journey!

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