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 August 14th for initial applicant review and re-opened in September.
#LI-DNI
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
- 0-2 years 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
- Basic knowledge of 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
- Unrestricted right to work in the U.S.
- Resume required (include the word "Resume" in file name)
What the Team is Saying
Morningstar Compensation & Benefits Highlights
-
Leave & Time Off Breadth — A recurring paid sabbatical every four years and flexible time off in North America provide substantial time away from work. A global minimum of six weeks’ paid caregiving leave further extends coverage for personal and family needs.
-
Parental & Family Support — Paid parental leave sets a stated global minimum of 16 weeks for primary caregivers and up to eight weeks for secondary caregivers, with adoption assistance reimbursing eligible expenses. These policies are positioned as global standards that complement broader leave programs.
-
Equity Value & Accessibility — Employees can convert a portion of bonuses or commissions into RSUs with an additional company match on the converted amount. Impact RSU awards in some cases add further upside tied to strong performance.
Morningstar Insights
What We Do
At Morningstar, we believe in building great products in-house in a highly collaborative, agile environment where we focus on technical excellence, the user experience, and continuous improvement. Our technologists represent a range of skills and experience levels, but they all view their work as a craft and push technology’s boundaries.
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!
Gallery
Morningstar Offices
Hybrid Workspace
Employees engage in a combination of remote and on-site work.
