The Investment Management group is guided by Morningstar’s investment principles focused on delivering great long-term investment results to help end-investors reach their financial goals. We use our expertise in asset allocation, research, investment selection and portfolio construction to create world-class investment strategies leveraging the full resources of Morningstar, Inc. Through our investment offerings, we serve financial advisers and institutions, and the investors that they serve.
The Role:
The Select Equities team manages 6 distinct separate account strategies with a combined $10 billion of AUA as of Dec. 31, 2025. We are looking to add an experienced investment professional to join the team as a Portfolio Manager for our U.S. growth strategy. The Select Equities Team constructs high-conviction portfolios, with most of our separately managed accounts holding 25-50 stocks.
While Chicago is the preferred location for this role, we welcome applications from qualified candidates located in other locations.
Responsibilities:
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Serve as portfolio manager for a growth-focused equity strategy that follows a disciplined approach to company valuation and portfolio risk management.
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Contribute to the team’s overall company research and portfolio management efforts.
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Participate in the team’s peer review process, which includes providing feedback to portfolio managers on other strategies about prospective trades and portfolio positioning.
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Communicate with clients. Responsibilities include quarterly commentaries, webinars, meetings with financial advisors, etc.
Qualifications:
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Minimum of 10 years’ professional investment experience with at least 5 years on the buyside.
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Strong preference for relevant experience as a portfolio manager and/or analyzing growth companies.
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Alignment with Morningstar’s philosophy and approach to investing in equities.
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Demonstrates intellectual curiosity and genuine interest in learning new subjects, industries, and companies.
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Strong communication skills, both written and verbal.
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Excellent critical thinking skills with a focus on company analysis and valuation.
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Bachelor’s degree; CFA designation strongly preferred.
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:
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Financial Health
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100% 401k match up to 6% of salary
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Stock Ownership Potential
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Company provided life insurance - 1x salary + commission
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Physical Health
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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
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Additional medical Wellness Incentives - up to $300-$600 annual
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Company-provided long- and short-term disability insurance
Annual Flex Stipend - $1000 annually to cover personal education & well-being expenses
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Tuition Reimbursement
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Social Health
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Charitable Matching Gifts program
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Dollars for Doers volunteer program
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Paid volunteering days
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15+ Employee Resource & Affinity Groups
Total Cash Compensation Range
$195,600.00-299,916.66
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.