Morningstar Development Program (MDP) – Credit Analyst Track

Toronto
Full-time
Posted Nov 10, 2026

Skills

Accounting
Communication
French
Statistics

Job description

The Program

At Morningstar, we want people who are smart, creative, hard-working, curious, and passionate about their work. We built the Morningstar Development Program (MDP) to prepare recent graduates for a strong start to their careers at Morningstar DBRS. Throughout this two-year program, you will be placed in a cohort where you’ll receive ongoing career development, networking, mentoring, and training opportunities to help you succeed.

This analytical program offers rotational placements within Morningstar DBRS credit rating teams in Toronto. You will gain exposure to different areas of credit through two, one year placements. Placements are determined by business needs and available headcount.

This is a two-year fixed-term contract position. We are accepting applicants with less than 2 years of full-time work experience. While we look for individuals who have an interest in investing and credit markets, we welcome all fields of study. This position is based in our Toronto office.

Job Responsibilities

•Support lead analysts in assigning and monitoring credit ratings within your assigned team.

•Assist lead analysts in preparing analytical materials for rating committees and for the ongoing monitoring of existing ratings.

•Search and aggregate market, economic, and industry data to be used in credit analysis.

•Track key economic and industry indicators relevant to the sectors or asset classes covered.

•Contribute text and analysis for rating reports, press releases, commentaries, and presentations under the supervision of lead analysts.

•Assist with the publishing workflow for press releases and rating publications, including regulatory disclosures, on a timely basis.

•Develop a solid understanding of the sectors or asset classes covered in each placement.

•Develop client-communication skills through interaction with issuers, investors, and intermediaries.

•Adhere to compliance, regulatory, and company policies and procedures.

Requirements

•Undergraduate degree in economics, finance, statistics, accounting, or a related field; a graduate degree and/or progress toward a CFA designation is preferred.

•Strong analytical abilities and a solid understanding of financial statements.

•Exposure using AI tools.

•Solid research and analytical skills, with acute attention to detail.

•Strong communication skills, both oral and written; excellent English required, fluency in French is beneficial.

•Self-starter and strong team player, with the ability to manage multiple projects and meet deadlines while producing high-quality work in a dynamic environment.

•Genuine interest in credit analysis.

•Adaptability to work across different teams and analytical approaches during the program.

•Ability to travel infrequently within North America.

A resume is required to apply. Please be sure to include the word “Resume” in the file name of the resume you upload.

Compensation:

•Starting Salary Target - $74,500

•Target Bonus - 10%

If you receive and accept an offer from us, we require that personal and any related investments be disclosed confidentiality to our Compliance team (days vary by region). These investments will be reviewed to ensure they meet Code of Ethics requirements. If any conflicts of interest are identified, then you will be required to liquidate those holdings immediately. In addition, dependent on your department and location of work certain employee accounts must be held with an approved broker (for example all, U.S. employee accounts). If this applies and your account(s) are not with an approved broker, you will be required to move your holdings to an approved broker.

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.