Analyst, U.S. Fixed Income Strategies, Manager Research

Morningstar’s Research group provides independent analysis on individual securities, funds, markets, and portfolios. The group also delivers data on hundreds of thousands of investment offerings—including stocks, mutual funds, and similar vehicles—along with real-time global market data on millions of equities, indexes, futures, options, commodities, precious metals, foreign exchange, and Treasury markets. Morningstar is one of the largest independent sources of fund, equity, and credit data and research globally, with a foundational advocacy for investors’ interests.

About the role

This Analyst role on the US manager research fixed income team produces high-quality strategy-level analysis and broader asset-class research to help investors make better decisions. The position also involves covering select asset management firms as a parent lead and mentoring newer analysts. Based in Chicago, the role requires in-office presence four days per week.

Responsibilities

• Participate in a collaborative team culture focused on high-quality research, delivering insightful analyses, accurate ratings, and broader research that clarifies the fixed income managed products landscape.
• Develop general fixed income subject-matter expertise while specializing in one or more bond sectors.
• Engage with external stakeholders (media, wealth managers, regulators) to strengthen understanding of Morningstar’s capabilities.
• Contribute to thought leadership and/or analytical tool development using Morningstar intellectual property to improve fixed income strategy analysis.
• Mentor and train new analysts.

Requirements

• Bachelor’s degree; an MBA, CFA, CFP, or other advanced degree/accreditation is a plus.
• Two to four years of experience in manager research or a related role.
• Fixed income subject-matter expertise, with specialization in a particular bond sector preferred.
• Demonstrated expertise in strategy-level analysis.
• Superior written and verbal communication skills, including professional interaction with investment management teams and institutional clients.
• Strong planning and time-management skills.
• Ability to make sound decisions under tight deadlines, sometimes with incomplete information.
• Authorized to work in the U.S. without sponsorship.
• Familiarity with programming languages (e.g., Python, R, MATLAB) is a plus.

Benefits

• 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) with potential premium discounts and company-provided HSA contributions (up to $500–$2,000 annually).
  • Additional medical wellness incentives (up to $300–$600 annually).
  • 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 and formal mentorship opportunities.
  • Annual flex stipend ($1,000) for personal education and well-being expenses.
  • Tuition reimbursement.
• Social Health
  • Charitable matching gifts program.
  • Dollars for Doers volunteer program.
  • Paid volunteering days.
  • 15+ employee resource and affinity groups.

Pay

Total cash compensation range: $114,100.00–$167,350.00, inclusive of annual base salary and target incentive.

Schedule

Hybrid work environment requiring four days per week in the Chicago office. Additional flexibility and global collaboration tools are provided.