MDP Track: Credit Ratings Analyst (Campus)

The Program: At Morningstar, we seek individuals who are smart, creative, hard-working, curious, and passionate about their work. We built the Morningstar Development Program to prepare recent college graduates for successful, long-term careers 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, apprenticeship program opportunities, and exposure to different areas of the business to help you succeed. 

About the role: The successful candidate will mainly serve as a support analyst for lead analysts and team leads for Morningstar DBRS rated transactions.. The successful candidate will be expected to gradually develop a solid understanding of the US and Canadian real estate sectors and to acquire a broad understanding of the appropriate Morningstar DBRS rating methodologies and criteria. 

Morningstar DBRS is registered with the U.S. Securities and Exchange Commission as a nationally recognized statistical rating organization (NRSRO). Morningstar DBRS has earned a reputation for innovation and excellence in the structured finance market and aims to increase market transparency by providing the highest-quality ratings, securities research, monitoring services, operational risk assessments, data, and technology solutions. 

Job Responsibilities: 

• Support the lead analysts in evaluating credit risk, while adhering to the relevant rating methodology. 

• Determine Morningstar DBRS stabilized cash flows of all major property types (office, retail, multifamily, MHC, hotel, self-storage) and a variety of loan sizes ($1 million to > $100 million) 

• Prepare/update spreadsheets on rated entities including historical information and financial projections. 

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

• Track key economic and industry indicators and various asset class metrics. 

• Review third-party reports including appraisals, property condition reports, environmental reports, and other industry specific reports. 

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

• Assist with the preparation of rating committee materials and participate in Rating Committee meetings under the guidance of  lead analysts. 

• Assist with the publishing workflow, including regulatory disclosures. 

• Develop a solid understanding of real estate asset classes covered by the team. 

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

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

Location: New York

Start Date: July 6th 2026 

What we look for:  

• A bachelor’s degree completed no later than May 2026 in accounting, business, finance or other relevant discipline preferred. 

• Strong analytical abilities and knowledge of financial statements. 

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

• Strong communication skills, both oral and written. 

• Self-starter and strong team player, with the ability to meet deadlines while producing high quality work. 

• Genuine interest in commercial real estate and structured finance. 

• Ability to travel 10-20% domestically/ North America. 

• Must possess unrestricted right to work in the U.S. in this position 

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

Total Cash Compensation Target: 

89,100 USD  

Inclusive of annual base salary and target incentive