Product Manager, Private Market Indexes

The Group:
Morningstar’s mission is to empower investor success. Morningstar Indexes was created to meet the evolving needs of investors and to be a strong advocate for them. With our rich history as a transparent, investor-focused leader in data and research, we are uniquely positioned to help individuals, institutions, wealth managers, and advisors navigate investment opportunities across all asset classes, styles, and strategies. Whether assessing risk and return through traditional benchmarks or assisting investors in integrating ESG goals, our diverse range of index solutions addresses the complex questions investors face today, helping them achieve their long-term goals.

The Role:
The growth of private markets and the ecosystem supporting them is reshaping the investment landscape. As the shift from public to private markets continues, there is an increasing need for consistent, comparable information to improve investment decision-making.

As Product Manager, Private Markets, you will manage execution throughout the product lifecycle to support Morningstar’s Private Market Indexes. You will play a central role in aligning internal resources, streamlining data operations, and supporting the broader index strategy. This position requires close collaboration with stakeholders across research, data, engineering, marketing and sales to ensure the successful execution of private market index initiatives. Reporting to the Head of Index Innovation, you will be part of a global team.

This role is based in our Chicago or New York office.

Responsibilities:

• Define operational requirements and partner with cross-functional teams to develop and sustain the infrastructure supporting private market indexes.
• Oversee data workflows for private market indexes by coordinating internal and external sources to ensure timely, accurate, and high-quality data management.
• Serve as a data expert for Morningstar’s Private Market Indexes, utilizing PitchBook’s extensive company and fund database.
• Collaborate with the Marketing team to support go-to-market plans for private equity index products and ensure the timely distribution of research reports, publications and index analysis.
• Maintain project documentation to improve transparency and efficiency.

Preferred Requirements:

• 5-7 years of experience in product management, business analysis, or data operations, preferably in financial services or private markets.
• Strong analytical skills with the ability to turn research into actionable insights.
• Excellent communication and organizational skills to manage teams and drive execution.
• Ability to thrive in a fast-paced global environment, with a passion for innovation and alignment with Morningstar's core values.
• Experience in indexing, capital markets, private equity, or venture capital is a plus.
• Bachelor’s degree with strong academic credentials.
• Some travel may be required.

This role is ideal for someone operationally driven, highly organized, and excited to work at the intersection of data, product, and private markets. Please submit your resume and cover letter with your application.

Compensation and Benefits

At Morningstar we believe people are at their best when they are at their healthiest. That’s why we champion your wellness through a wide-range of programs that support all stages of your personal and professional life. Here are some examples of the offerings we provide:

• Financial Health
  • 75% 401k match up to 7%
  • Stock Ownership Potential
  • Company provided life insurance - 1x salary + commission

• Physical Health 
  • Comprehensive health benefits (medical/dental/vision) including potential premium discounts and company-provided HSA contributions (up to $500-$2,000 annually) for specific plans and coverages
  • Additional medical Wellness Incentives - up to $300-$600 annual
  • Company-provided long- and short-term disability insurance

• Emotional Health 
  • Trust-Based Time Off
  • 6-week Paid Sabbatical Program
  • 6-Week Paid Family Caregiving Leave
  • Competitive 8-24 Week Paid Parental Bonding Leave
  • Adoption Assistance
  • Leadership Coaching & Formal Mentorship Opportunities
  • Annual Education Stipend
  • Tuition Reimbursement

• Social Health 
  • Charitable Matching Gifts program
  • Dollars for Doers volunteer program
  • Paid volunteering days
  • 15+ Employee Resource & Affinity Groups

Total Cash Compensation Range

Inclusive of annual base salary and target incentive

Morningstar’s hybrid work environment gives you the opportunity to work remotely and collaborate in-person each week. While some positions are available as fully remote, we’ve found that we’re at our best when we’re purposely together on a regular basis, typically three days 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.