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Quantitative Analyst

Morningstar
Chicago, USA
Full-time
Junior · 2–5 years experience
Onsite
Discovered 6 days ago
pythonsql

Full Job Posting

Responsibilities

  • Run the full lifecycle of a research task: pulling and exploring the underlying data, assessing its quality and fit for purpose, proposing and testing an approach, and refining it based on what the data and results show.
  • Build analytics across the team's core IP — valuation, business analysis, business classification, company narrative, and portfolio-level aggregations of equity data — under the guidance of senior analysts and your manager.
  • Build real depth in how investors use equity analytics to understand stock exposure within a fund or portfolio, and use that growing expertise to propose new or better ways to surface those insights.
  • Support ongoing model validation — from pre-launch checks on new methodology to investigating and resolving issues that surface in production.
  • Maintain clear, well-documented code and analysis so your work can be reviewed, reused, and handed off without confusion.
  • Flag edge cases, data issues, or methodology questions to senior analysts rather than resolving ambiguous judgment calls alone.
  • Contribute to peer review of other analysts' work, and stay open to close review of your own.
  • Stay current on the team's methodologies and tools, including AI-assisted approaches used in research and validation.

Requirements

  • Strong foundation in equity fundamentals — financial statement analysis, valuation, and business drivers — combined with a quantitative mindset and genuine interest in how investors use company-level data to make decisions.
  • Strong Python and SQL skills, comfortable working independently with large, varied datasets.
  • A rigorous, skeptical approach to research — testing assumptions, questioning first results, and validating findings before treating them as done — across the full arc of a task, from exploring raw data through to a tested, working analysis.
  • Comfortable with ambiguity in the data itself (gaps, inconsistencies, edge cases) even where the task and its goals are well defined.
  • Clear written and verbal communication, able to explain your analysis and reasoning to senior colleagues.
  • Familiarity with using AI tools to support research, coding, or validation work.
  • 2–5 years of experience in quantitative research, equity analysis, or a related field.
  • 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
  • $92,300.00-135,383.33
  • Inclusive 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 Entity

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