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Diversity, Equity, and Inclusion (DEI) at Morningstar

Change happens when we challenge the status quo; dare to ask the difficult questions; explore beyond our own experiences; and refuse to accept inequity as inalterable.

In 1984, our founder, Joe Mansueto, recognized inequity in the availability and distribution of financial information. He set out to change these practices, democratizing and demystifying investing and giving more people access to the tools, products, and information they needed to achieve their financial goals. This simple, revolutionary idea became the foundation of our company and the core of our mission: empowering investor success.

Our mission hasn’t changed, but the ways in which we live it, the lenses through which we interpret it, and the metrics we use to measure it, have.

Today, we recognize diversity, equity, and inclusion as integral to our mission and inextricable from our actions. From examining our internal policies and practices to hiring and advancing a more diverse cohort of colleagues, mobilizing our research capabilities to deepening our education and understanding, we’re committed to leveraging our partnerships, platforms, and position to redefine outcomes, advance positive change, and lead by example.


Many organizations pledge their commitment to Diversity, Equity, and Inclusion but to be a truly inclusive organization, we at Morningstar need to create a safe environment that allows all employees to be their authentic selves. Only then, we can all think and act from our own perspectives and experiences and Morningstar can benefit from the opportunities, ideas, and innovations which can stem from true diversity.

Esther Hougee

Head of ESG Research Operations


Everyone deserves to feel respected and valued in the workplace. When people feel a sense of belonging, it not only builds on a positive culture, but also leads to better collaboration, productivity, and better outcomes. Diversity of thought inspires creativity, fosters innovation, and makes good business sense. Our goal is to have a workplace that reflects the diversity of the communities we serve.

Wendell Rayburn

Head of Sales, Institutional Equity Research


Like the air we breathe, DEI has to be embraced in our system organically. At Morningstar, we believe that by implementing gender-neutral policies, making the recruitment process more inclusive, and maximizing benefits for marginalized communities, we can nurture a truly inclusive environment and build safe spaces for all.

Rashmi Pandit

Compliance Director

Thinking Ahead

We’re committed to putting our expertise to work for investors. Whether it’s exploring investor behavior or positing an idea that could change our industry for the better, we’re using research and thought leadership to drive positive change, taking decisive action to mitigate the wealth disparities that exist across race, gender, immigration status, and more.

A Diverse Workforce

We believe that knowledge is power. We empower investors by transparently reporting data through our research, channeling it through our software, and using it to inform and drive our strategies. As we continue to advance diversity, equity, and inclusion at Morningstar, we’re committed to sharing statistics about our global workforce today, and to updating this information as we progress toward our DEI goals. We know that there is still work to be done; through our self-ID initiative, we’re ensuring that our ongoing data tracking represents all of our colleagues, including our LGBTQ+ employees, non-binary employees, veterans, and persons with disabilities.

See more about our people and workplace in our Corporate Sustainability Report.

You Belong

Morningstar’s employee resource groups (ERGs) offer our colleagues a safe, inclusive space to learn and socialize; to celebrate and explore; to raise awareness and to lift each other up. Whether you’d like to join us for a cultural celebration, learn about career development opportunities, or participate in a panel discussion, we’re here to welcome you.

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We want all employees to know that they belong and are valued. We want them to trust that here, they will be supported and empowered to live up to their promise and potential.

Mike Wood

Director of Diversity, Equity, and Inclusion

Invest Where It Counts

The work of creating an inclusive, equitable world never ends; there is always more we can do, more we must do. This is the work of real change. It’s a journey, not a destination. And it’s one we’re on together.

We know this work will be difficult. But we also know that it brings moments of joy, opportunities for deep connection, and material progress toward a more just future.

Whether you’re a member of our team, a client, or considering a career at Morningstar, we’re glad you’re on this journey with us.

We welcome your input and ideas about our DEI initiatives. To share your feedback, request additional information, or to partner with us, please contact us. If you’d like to learn more about our family of companies, visit DBRS Morningstar, Pitchbook, and Sustainalytics

Ready To Build a Career That Matters?

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.

EEO is the law. Pay Transparency. E-Verify Notice: English and Spanish. Right to Work Notice: English or Spanish.

Masthead Photo Credit: Design Architect Perkins+Will Photography Steve Hall © Hedrich Blessing Photographers.