The Group: Morningstar’s Research group provides independent analysis on individual securities, funds, markets, and portfolios. The Research group also provides 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, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar is one of the largest independent sources of fund, equity, and credit data and research in the world, and our advocacy for investors’ interests is the foundation of our company. The Role: As an Associate Equity Analyst, you will work closely with the senior members of the analyst team, assisting them with stock coverage, modeling, and various research projects. This position is based in our London office. Responsibilities: Liaise closely with the senior members of the research team on researching, analyzing, and valuing companies in several sectors. Work on research projects that assist senior members of the department in evaluating companies’ competitive advantages (or moats), relative positioning within their respective sectors. Assist in building and maintaining detailed discounted cash flow models for companies covered by senior analysts, focusing on the key drivers of the business and incorporating scenario analyses. Requirements: A minimum of a Bachelor’s degree in finance or related field is required; a Chartered Financial Analyst® or CPA designation and/or a Master's degree in business administration are preferred. Independence, critical thinking skills, and a passion for investing, with a bias toward long-term fundamental research and investing. Knowledge of various financial models, including discounted cash flow model. Advanced Microsoft Excel skills. Excellent written and spoken communication skills. The ability to work under tight deadlines, sometimes with incomplete information. Morningstar is an equal opportunity employer. Base Salary Compensation Range GBP 41,800.00-55,733.33 Bonus Target: 10% Annual We expect the compensation and target bonus for this role to fall within the stated range. The specific compensation offered will depend on the candidate’s qualifications, experience, and other job-related factors. 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. B99_MstarHollandBV Morningstar Holland BV Legal Entity Morningstar is a global independent investment research and financial data company. Here, you'll help uncover what’s hidden, simplify what’s complex, and create insights that empower investor success. Company overview Morningstar Development Program Morningstar is strongly committed to creating and preserving equal opportunity for all employees and applicants. We make all employment decisions—including recruitment, hiring, compensation, training, promotion, transfer, discipline, termination, and other personnel matters—without regard to race, color, ancestry, religion, sex, national origin, age, disability, protected veteran status, marital status, sexual orientation, genetic information, citizenship, gender identity and expression, parental status, or other legally protected characteristics or conduct.

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