Practice 40 Morningstar Data Analyst interview questions covering financial data, SQL proficiency, and investment research fundamentals.
Question 15 of 40
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Helen Lee is a freelance data analyst and writer. She has over 15 years of marketing experience working for companies and clients in financial services, quick-service restaurants (QSR), consumer packaged goods (CPG), and education technology.
Excel is by far the most utilized tool in the field of data analytics. Interviewers will ask you several questions about this topic to determine your expertise using this tool. They are interested in your expertise in both the basic functionality of Excel and your ability to use more advanced techniques within the tool. They expect you to provide examples for both of these.

Helen Lee is a freelance data analyst and writer. She has over 15 years of marketing experience working for companies and clients in financial services, quick-service restaurants (QSR), consumer packaged goods (CPG), and education technology.
"As a data analyst, I have used Excel almost daily. It has become an essential tool in all phases of my analytical projects. I have used Pivot tables to check and clean data sets and analyze them. I have also used statistical functions to calculate standard deviations, correlation coefficients, percentiles, and quartiles in the analysis phase. In addition, I have used the graphing function in Excel to develop visual summaries of the data. For example, I regularly worked on customer satisfaction surveys and received raw data from external vendors. I would take this data, bring it into Excel, and use sort functions and pivot tables to verify the data was clean and loaded correctly. As part of the analysis phase, I always worked with pivot tables to segment the data. In addition, if the analysis called for it, I used the statistical functions I mentioned earlier. Building tables and graphs in Excel allowed me to tie my analyses together visually. I could often complete the tasks in one file, making everything I worked on easily accessible."

William Swansen has worked in the employment assistance realm since 2007. He is an author, job search strategist, and career advisor who helps individuals worldwide and in various professions to find their ideal careers.
If you are an Excel expert, it would be challenging to list all the functions you have experience using. Instead, concentrate on highlighting the more difficult ones, particularly statistical functions. If you have experience utilizing the more challenging functions, Morningstar hiring managers will presume you have experience using the more basic ones. Be sure to highlight your pivot table skills and ability to create graphs in Excel. If you have not attained these skills yet, investing in training to learn them is worthwhile.

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Written by William Swansen
40 Questions & Answers • Morningstar

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