Morningstar's Analytics group turns data into the methodologies, analytics, and insights that help investors make better decisions. We build proprietary intelligence across hundreds of thousands of securities and the portfolios that hold them: equities, fixed income, managed investments, and, increasingly, private and alternative assets. We are applying AI to make that intelligence more accessible and to bring it into investors' research and portfolio workflows. As one of the largest independent sources of fund, equity, and credit data and research in the world, Morningstar is guided by a single mission — empowering investor success.
We are seeking a Senior Quantitative Analyst to join our Quantitative Research team. This role will contribute to developing and enhancing the Morningstar Risk analytics platform, where we apply proprietary methodologies on analyzing the investment risk of stocks, bonds, managed investments, and portfolios. You will analyze large datasets across different asset classes and produce insights that help investors make better decisions.
You'll work with real independence: scoping and owning a project from framing through production, resolving ambiguous judgment calls. You'll also be sought out for expertise in a defined area and expected to improve the quality of work and practice around you.
Responsibilities:
- Develop a strong understanding of Morningstar’s proprietary methodologies and become a subject-matter expert of Morningstar’s Risk analytical products.
- Work closely with other quantitative analysts and software engineers to develop and implement methodologies to advance the analytical suites.
- Become a subject-matter expert on multiple investment themes, particularly on fixed income, equity, and mutual funds.
- Develop a strong understanding of Morningstar data systems and provide support on model validation and client inquiry.
- Own projects end to end, from scoping and data validation through methodology design, testing, documentation, and production handoff, and serve as the primary contact for Product and Engineering.
- Review peers’ work on substance — whether the analytic is sound, the insight holds, and it will be intuitive and actionable for whoever uses it — with feedback that improve the work.
- Evaluate AI approaches critically and promote responsible AI practice with real standards attached.
Requirements:
- A bachelor’s degree with 5 years of experience, or a master’s degree with 3 years of experience in quantitative research, financial data, or a related field, with a track record of owning projects end to end, from framing through production.
- Strong knowledge of investing and financial markets and products, equivalent to what's expected of a CFA charter holder.
- Solid command of statistical/econometric methods with application in finance.
- Proficient in Python, SQL with experience building and maintaining production-quality code and documentation. Experience with Amazon Web Services tools such as S3, EMR, Athena is preferred.
- A track record of developing and enhancing methodologies or analytics, with the technical depth to make judgement on the soundness of an approach.
- Able to explain methodologies and complex concepts clearly to diverse audiences, from technical peers to non-technical stakeholders, and to communicate progress, risk, and trade-offs with product team and stakeholders.
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
$117,500.00-172,350.00Inclusive 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.
001_MstarInc Morningstar Inc. Legal EntitySkills Required
- Bachelor's degree with 5 years of experience, or master's degree with 3 years of experience, in quantitative research, financial data, or a related field
- Track record of owning projects end to end from framing through production
- Strong knowledge of investing, financial markets, and financial products equivalent to CFA charterholder expectations
- Solid command of statistical and econometric methods applied in finance
- Proficiency in Python and SQL
- Experience building and maintaining production-quality code and documentation
- Track record of developing and enhancing methodologies or analytics
- Technical depth to judge the soundness of analytical approaches
- Ability to explain methodologies and complex concepts clearly to technical and non-technical audiences
- Ability to communicate progress, risks, and trade-offs with product teams and stakeholders
- Experience with Amazon Web Services tools such as S3, EMR, and Athena
What the Team is Saying
Morningstar Compensation & Benefits Highlights
-
Parental & Family Support — Paid parental leave provides at least 16 weeks for primary caregivers and up to 8 weeks for secondary caregivers, alongside a global minimum of six weeks of paid caregiving leave. These policies extend family support beyond parental leave alone.
-
Leave & Time Off Breadth — Flexible time off, paid holidays, and a paid sabbatical after every four years of service create meaningful time-away options. Company reporting notes that 1,223 employees took paid sabbaticals in 2025, indicating the program’s active use.
-
Retirement Support — Employer retirement contributions or matching are offered with free access to Morningstar retirement-planning tools. This combination reinforces long-term savings and planning.
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.
Gallery
Morningstar Teams
Morningstar Offices
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.
