Morningstar Inc.

Morningstar Inc.

Senior Quantitative Investment Analyst

Chicago · Senior

Work authorization required$300k-$600kDetected 120 days ago
PythonStatisticsAccountingValuationResearchLeadershipTime ManagementMentoringCFA

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odds of building a lasting career here

61Sponsors, lottery-bound
Cap-exempt (no lottery)0
Sponsors this role90
Entry-level history0
PERM / green-card track0
Lottery odds (Level IV)94
Fits your clock70

Sponsors, but it's cap-subject — you still face the weighted lottery (~61% per draw at Level IV). Good if you win; have a cap-exempt backup on your list.

Lottery odds assume a STEM candidate.

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H-1B wage level

the lottery is wage-weighted — each level is one more entry

Level IV · 4×
Level I$57,7411 entry
Level II$75,6082 entries
Level III$93,4753 entries
Level IV$111,3424 entries

This range already reaches Level IV — the maximum four lottery entries.

DOL prevailing wage, 2026-27 wage year · Financial Specialists, All Other (13-2099) · Chicago-Naperville-Elgin, IL-IN. Wage level is derived by USCIS from the offered wage, occupation and worksite; the occupation shown is inferred from the job title.

Employer immigration record

from this employer's Department of Labor filings

Green-card follow-through: 67%

Of 6 labor certifications old enough to have been used, 2 expired without the employer filing the next step. Median time from filing to decision: 489 days.100% of their filings were for a worker who already held the job.Only certifications past the 180-day window are counted — recent ones cannot have expired yet.

DOL often reclassifies their job titles

The Department of Labor assigned a different occupation than this employer requested on 67% of its 12 wage determinations — against a 18% norm. The occupation sets the prevailing wage floor.Reclassification is routine and can reflect genuinely hybrid roles; it is not by itself evidence of underpayment.

Files H-1B transfers

1 transfer filing in the last year, covering 1 worker. Median labor-condition decision: 7 days. An employer that already files transfers is one that can take over an existing H-1B.

Sourced from Department of Labor LCA, PERM and prevailing-wage disclosure data. Employer matching is by name, so figures may be split across an employer's legal entities. Absence of a filing means none appears in our copy of the data, not that none exists.

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About the role

  • The role will report to the Director of Quantitative Research, Equities, situated within Morningstar Direct's Analytics department.
  • Communicate clear and concise project status information to key stakeholders, including the Morningstar product teams and clients

Responsibilities

  • Rigorously back-test and validate quantitative investment models, evaluating their predictive power, financial relevance, and robustness across market cycles
  • Create detailed specification documents and client-facing white papers

Requirements

  • Working proficiency in Python or equivalent quantitative tools
  • financial domain expertise and investment intuition take priority over pure programming depth
  • Familiarity with quantitative research tools and openness to applying emerging analytical techniques - including AI-assisted research - to investment problems
  • Ability to communicate complex ideas clearly and succinctly.
  • Bachelor's degree is required; Finance, Economics, or Accounting strongly preferred; Computer Science or Statistics considered when paired with demonstrable investment knowledge
  • CFA charter holder or active CFA candidate strongly preferred; demonstrated commitment to investment excellence is a key differentiator
  • Working proficiency in Python or equivalent quantitative tools; financial domain expertise and investment intuition take priority over pure programming depth
  • Deep understanding of equity valuation, fundamental analysis, and the investment research process; genuine passion for markets and the interplay between quantitative signals and financial judgment
  • More than 5 years of experience in investment research, equity analysis, or quantitative finance within an asset management, sell-side, or financial data context
  • Comfortable taking the initiative and working without detailed guidance or supervision
  • Proactive and positive attitude, and a team player

Nice to have

  • programming proficiency (Python preferred) is expected, but serves the research, not the other way around.
  • Bachelor's degree is required
  • Finance, Economics, or Accounting strongly preferred
  • Computer Science or Statistics considered when paired with demonstrable investment knowledge
  • CFA charter holder or active CFA candidate strongly preferred
  • demonstrated commitment to investment excellence is a key differentiator

Skills

  • Strong analytical and logical reasoning skills.
  • Effective time management skills

Compensation

  • 100% 401k match up to 6% of salary
  • 1x salary + commission
  • Additional medical Wellness Incentives - up to $300-$600 annual

Benefits

  • The team's mandate is rooted in equity research excellence: to develop and enhance the rigorous financial methodologies that underpin Morningstar's equity ratings and investment analytics.
  • Pursue a deep understanding of Morningstar's equity methodologies, analyst workflows, data requirements, and client needs.
  • Partner with equity research, equity data, and clients globally to identify areas where we might apply quantitative methods to benefit our analyst teams and customers.
  • Independently develop and refine quantitative valuation frameworks, factor models, and screening methodologies that strengthen Morningstar's equity research process and analyst capabilities.
  • That's why we champion your wellness through a wide range of programs that support all stages of your personal and professional life.
  • Financial Health
  • Stock Ownership Potential
  • Company provided life insurance
  • 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

Company info

  • to develop and enhance the rigorous financial methodologies that underpin Morningstar's equity ratings and investment analytics.
  • Its work is fundamentally finance-first - devising valuation frameworks and factor models, strengthening our equity research process, and building tools that empower our 100+ equity analysts and the institutional clients who rely on their insights.

Visa & Work Authorization

  • This role does not qualify for immigration sponsorship.
  • We will not be considering candidates that require immigration sponsorship now or in the future for this role.
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This listing is sourced directly from Morningstar Inc.'s careers page and normalized into a canonical job model.