Position Description

Morningstar Development Program – Morningstar
Location Chicago, IL
Job Code 1492
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The Morningstar Development Program (MDP) offers recent graduates full-time placement. During the two-year program, participants will receive ongoing career development, mentorship and training, and apprenticeship opportunities with various business groups, such as investment management, data, tech, and research. Your experience is yours to create.

Hiring Company: Morningstar

Morningstar is a place where talented, driven people can grow; where they are trusted to help investors reach their financial goals. At Morningstar, your contributions have meaning and can drive change. Across our 27 offices worldwide, we’ve invested in fostering a community where talented, driven people can grow. Our entrepreneurial spirit and uncompromising ethics guide everything we do. It’s all in the name of empowering investors.

Position: Morningstar Development Program (MDP)

The Program: At Morningstar, we want people who are smart, creative, hard-working, curious, and passionate about their work. We hire all majors, including liberal arts, as we appreciate the different perspectives they bring to our company. We built the Morningstar Development Program to prepare recent college graduates for successful, long-term careers here at Morningstar. Throughout this two-year program, you will be placed in a cohort where you’ll receive ongoing career development, networking, mentoring, training opportunities, apprenticeship program opportunities, and exposure to different areas of the business to help you succeed at Morningstar.

The Role: We are accepting applicants with 0-2 years of full-time work experience. While we look for individuals who have an interest in investing, we welcome all fields of study. If you are selected for the program, your first placement will be as a Customer Support Representative. Customer support provides you with experience learning about Morningstar’s business, directly interacting with our clients, and building your knowledge about Morningstar’s data, products, and research. After your first placement in Customer Support, MDPs are encouraged to rotate to one to two other areas of Morningstar’s business. Past MDP participants have moved into roles research, data, investment analysis, talent & culture, marketing, sales, and beyond. All positions are based in our Chicago office.

Equity Research Track: If you receive an offer to Morningstar Development Program, you will have the opportunity to test and interview into our Associate Equity Research Track. The Equity Research team is looking for a highly motivated Associate Equity Analyst to facilitate coverage of stocks. The associate will have opportunities to contribute materially to topical and thematic research, and substantially assist with coverage on a variety of firms in a particular sector. Willingness to learn financial modeling skills and discounted cash flow modeling techniques is expected. Excel proficiency is required.

Please note, this position is for a 2021 start date.


  • Build deep expertise in Morningstar’s data, products, and research
  • Directly interact with Morningstar’s clients, including advisors, and individual and institutional investors
  • Contribute to ongoing training sessions and stretch projects while developing a strong foundation of knowledge to build on and use in your Morningstar career
  • Develop both analytical and communication skills by navigating Morningstar products and providing the best customer experience to our clients
  • Ability to adapt well to different situations and thrive in a challenging, fast-paced environment
  • Excellent communication and leadership skills
  • Creativity and good analytical ability


  • Recent college graduate with a bachelor’s degree and 0-2 years of full-time work experiences OR current senior graduating before Spring 2021
  • 0-2 years of full-time work experience
  • Ability to adapt well to different situations and thrive in a challenging, fast-paced environment
  • Excellent communication and leadership skills
  • Creativity and good analytical ability

Location: At this time, the Program currently takes place in a virtual/WFH environment. In the future, participants will work at the Morningstar headquarters.

  • Headquarters: 22 West Washington Street, Chicago, IL 60602
    • Convenient location that is accessible by public transit!

Compensation: Competitive compensation

Education: Recent college graduate with a bachelor’s degree OR current senior graduating before Spring 2021

Schedule: Monday-Friday, 8 AM-6 PM

Application Requirements:

  1. Resume
  2. Cover letter – Indicate your earliest available start date and cumulative GPA in your required cover letter.

Morningstar is strongly committed to creating and preserving equal opportunity for all employees and applicants. We make all employment decisions—including recruitment, hiring, compensation, training, promotion, transfer, discipline, termination, and other personnel matters—without regard to race, color, ancestry, religion, sex, national origin, age, disability, protected veteran status, marital status, sexual orientation, genetic information, citizenship, gender identity and expression, parental status, or other legally protected characteristics or conduct.


Give yourself a competitive advantage by applying to this role through Skills for Chicagoland’s Future (Skills). Skills is a nonprofit organization that partners with organizations across the Chicagoland area to place unemployed and underemployed job seekers with employers that are committed to hiring talent through Skills.

The Skills U2.0 initiative serves as the critical link connecting quality, early-career professionals to employers committed to hiring this talent. No matter your interests, U2.0 expands your opportunities and helps to put you on the pathway to lifelong career success.

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