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Morningstar Development Program Jobs in Illinois

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Morningstar Development Program information

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$31K

$116.3K

$193.8K

How much do morningstar development program jobs pay per year?

As of Sep 12, 2026, the average yearly pay for morningstar development program in Illinois is $116,340.00, according to ZipRecruiter salary data. Most workers in this role earn between $78,500.00 and $138,600.00 per year, depending on experience, location, and employer.

What is the Morningstar Development Program?

The Morningstar Development Program (MDP) is a full-time, rotational program designed for recent graduates to develop skills across different areas of Morningstar’s business. Participants gain hands-on experience through structured training, mentorship, and project-based work in fields like data analysis, investment research, product management, and technology. The program typically lasts two years and provides exposure to Morningstar’s mission of empowering investor success. It prepares associates for long-term career growth within the company by offering networking opportunities and continuous learning.

What kinds of projects and responsibilities can participants expect during the Morningstar Development Program?

Participants in the Morningstar Development Program can expect to work on a range of projects across different business units, such as investment research, product development, or client solutions. Assignments typically involve data analysis, market research, process optimization, and supporting strategic initiatives, often in a team-based setting. This structure provides exposure to multiple functions and helps participants build a comprehensive understanding of Morningstar's business. The program's rotation-based format enables individuals to explore various interests while developing valuable professional relationships and skills. Upon successful completion, graduates are often placed in roles that match their strengths and career aspirations.

What are the key skills and qualifications needed to thrive in the Morningstar Development Program?

To thrive in the Morningstar Development Program, applicants generally need a strong academic background in finance, economics, or related fields, along with analytical and problem-solving skills. Familiarity with Excel, data analytics tools, and financial modeling is highly valued, and internships or certifications such as CFA Level I can be advantageous. Outstanding communication skills, curiosity, teamwork, and adaptability help candidates stand out in a collaborative, fast-paced environment. These competencies are crucial to excel in rotational assignments, work on cross-functional projects, and build a foundation for a successful career at Morningstar.

What are popular job titles related to Morningstar Development Program jobs in Illinois?

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What job categories do people searching Morningstar Development Program jobs in Illinois look for?

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Morningstar Development Program jobs near you
Infographic showing various Morningstar Development Program job openings in Illinois as of September 2026, with employment types broken down into 1% Internship, 1% As Needed, 71% Full Time, 22% Part Time, 4% Contract, and 1% Nights. Highlights an 94% Physical, 1% Hybrid, and 5% Remote job distribution, with an average salary of $116,340 per year, or $55.9 per hour.

Morningstar Development Program - Rotational Track (current interns)

Chicago, IL • On-site

Morningstar
Health Care and Social Assistance • 1 - 5K employees
Learn more about Morningstarexternal

$71K/yr

Full-time

Medical, Dental, Life, Retirement

This job post has expired today. Applications are no longer accepted.

MorningStar Senior Living rating

6.7

Company rating: 6.7 out of 10

Based on 30 frontline employees who took The Breakroom Quiz

Job description

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 (MDP) 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, practicum program opportunities, and exposure to different areas of the business to help you succeed at Morningstar.

Rotational MDP Track:

Within our new Rotational MDP track, you will gain exposure to a variety of business teams that will immerse you in what it's like to work in each area. Build your skillset and gain experience in areas that help drive Morningstar's mission!This is ideal for candidates who are open and interested in exploring Morningstar's various business groups.

Responsibilities for the Rotational Track:

  • 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 to build a variety of expertise

  • 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

Requirements:

  • A bachelor's degree

  • A resume is required to apply

The base salary for the rotational track associate is $71,667.00

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:

  • 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)including potential premium discounts and company-provided HSA contributions (up to $500-$2,000 annually) for specific plansand coverages

    • Additional medical Wellness Incentives - up to $300-$600 annual

    • Company-provided long- and short-termdisabilityinsurance

  • 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 & FormalMentorshipOpportunities

    • Annual Flex Stipend - $1000 annually to cover personal education & well-being expenses

    • Tuition Reimbursement

  • Social Health

    • Charitable Matching Gifts program

    • Dollars for Doers volunteer program

    • Paid volunteering days

    • 15+ Employee Resource & Affinity Groups

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.

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