📍
Mumbai, India

Associate Quantitative Analyst

No experience
Finance
Finance
Posted:
December 28, 2025

Morningstar

Investment research & data provider
76.4
Palpable Score
Apply >view company >

The Role:

As a part of the Indexes New Product Development Team, you will participate in the full development cycle including ideation, design, development, presentations to global research team and clients, leading up to implementation. The ideal candidate will possess strong analytical skills, good communication skills and will be technically proficient with at least one programming language (Python or R) in addition to SQL. This position is based in our Navi Mumbai office.

Responsibilities:

The successful candidate will

·        Participate in building next generation of Benchmark Indexes across asset classes across Equity and Fixed Income asset classes.

·        Be responsible for validation, curation and analysis of underlying data to support methodology development of Benchmark Indexes.

·        Collaborate effectively with Morningstar research organization including equity, quantitative, manager or sustainability research teams, and product management to develop novel thematic and smart beta indexes that leverage Morningstar IP.

·        Work on the entire product development lifecycle from ideation, design, development, leading up to launch.

·        Work closely with other index teams to operationalize index methodologies.

Requirements:

·        Bachelor’s degree in a quantitative/engineering/mathematics/ statistics disciplines.

·        Proficiency in at least one programming language (Python or R).

·        Proficiency in working with large, complex tables under Postgres, SQL Server.

·        Understanding of basic financial ratios, modern portfolio theory, and portfolio construction processes is desirable but not necessary.

·        Excellent documentation habits, oral and written communication and presentation skills including ability to distil complex ideas into simple explanations.

Any progress towards CFA designation is highly desirable

Morningstar is an equal opportunity employer

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.

About the company

Morningstar

Company overview
Morningstar provides independent investment insights, data, ratings, and software used by individual investors and institutions. The company also runs products and businesses such as PitchBook, Sustainalytics, and DBRS Morningstar alongside Morningstar-branded research and analytics. Morningstar serves financial advisors, asset managers, institutional investors, and fintech teams building investor-facing products. The company is headquartered in Chicago and operates globally.

Locations and presence

Morningstar operates across 40-plus offices worldwide, with a major hub in Chicago and a long list of regional offices across North America, Europe, and Asia-Pacific. Many roles follow a hybrid setup with regular in-office collaboration, commonly framed as at least three days per week, with some postings indicating four days in-office in most locations.

Palpable Score

76.4
/ 100
Morningstar offers clear, recurring early-career entry points through both internships and a structured two-year graduate program, with plenty of detail on mentoring, training, and early ownership of work. Hiring transparency is better than average because the company publishes a process outline and promises closure, but candidate feedback suggests the experience can be inconsistent. Pay looks broadly market-aligned for early roles and internships, yet public salary-range transparency and outcomes data like conversion rates and retention are limited.
view full company profile >

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