Morningstar · 5 days ago
Equity Analyst
Chicago, IL
Full-time
Hybrid
Mid, Senior Level
$114K/yr - $194K/yr
3+ years expMorningstar is one of the largest independent sources of fund, equity, and credit data and research in the world. They are seeking an experienced equity analyst to cover Technology stocks, focusing on vertical SaaS companies, and to publish in-depth research pieces that support investment decisions for their clients.
Asset ManagementEnterprise SoftwareFinanceFinancial ServicesImpact InvestingMarket ResearchNewsSoftwareTelecommunications
Responsibilities
Analyze publicly available information, develop industry-relevant contacts and build internally-generated data to create investment mosaic, often with incomplete information
Estimate fair values for about 20 Tech companies, mostly focusing on vertical SaaS. Companies may include: ADP, Constellation Software, Roper, Verisk, Paychex, Paycom, and others
Gather and analyze industry data to develop a long-term industry vision and write notes for a sophisticated and demanding client base in a timely, accurate, insightful manner. Analyze implications of fundamental industry developments for coverage
Regularly publish reports, detailed discounted cash flow models that focus on the key drivers of the business, and in-depth research pieces, including the qualitative and quantitative analyses of your coverage’s Economic Moats
Develop relationships with coverage companies and industry participants by attending company events and industry conferences to enhance research and build brand
Become an expert in Morningstar’s Economic Moat research methodology
Proactively surface attractive investment ideas internally and externally to support all products and clients
Collaborate with colleagues by lending your financial, industry and investment expertise, including reviews of written research, financial models, moat presentations and other items as requested by your Director
Act with independence and an ‘investors first’ attitude at all times
Qualification
Required
A bright, motivated individual with the desire to succeed in an intellectually-intense environment
Possess intellectual curiosity, a passion for creative analysis, and attention to detail
Ability to think broadly and creatively about a range of strategic issues affecting a business
Strong qualitative and quantitative acumen combined with strong written and verbal communication skills
Three to five years of experience in sell side or buy side equity research; Alternatively, three to five years of technology industry experience combined with a proven interest in equity research
Ability to make decisions under tight deadlines, at times with incomplete information
Possess independence, critical thinking skills, and a passion for investing, with a bias toward long-term fundamental research
Sound financial modeling skills and knowledge of discounted cash flow modeling techniques
Advanced Excel proficiency is expected
Work well within a team and be capable of respectfully accepting and providing constructive feedback
Preferred
CFA designation and/or MBA or a Masters is preferred
It is preferred to include a work, school, or personal report or presentation that illustrates an equity investing decision or recommendation that you have made
Benefits
75% 401k match up to 7%
Stock Ownership Potential
Company provided life insurance - 1x salary + commission
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
Trust-Based Time Off
6-week Paid Sabbatical Program
6-Week Paid Family Caregiving Leave
Competitive 8-24 Week Paid Parental Bonding Leave
Adoption Assistance
Leadership Coaching & Formal Mentorship Opportunities
Annual Education Stipend
Tuition Reimbursement
Charitable Matching Gifts program
Dollars for Doers volunteer program
Paid volunteering days
15+ Employee Resource & Affinity Groups
Company
Morningstar
Morningstar provides independent investment research to investors worldwide.
10001+ employees
H1B Sponsorship
Morningstar has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (32)
2024 (50)
2023 (68)
2022 (51)
2021 (57)
2020 (56)
Funding
Current Stage
Public CompanyTotal Funding
$91M2005-05-03IPO
1999-07-09Private Equity· $91M
Leadership Team
Kunal Kapoor
Chief Executive Officer
Lawrence Johnson
SVP & Head of Fintech Engagement
Recent News
2026-01-16
2026-01-16
2026-01-12
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