Morningstar Reviews

Updated July 11, 2015
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3.0
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Morningstar Chairman and CEO Joe Mansueto
Joe Mansueto
51 Ratings

Pros
  • The work-life balance can not be emphasized enough (in 61 reviews)

  • Entrepreneurial, surrounded by very smart people in a challenging work environment (in 35 reviews)

Cons
  • High staff turnover at all levels including senior management (in 14 reviews)

  • Low pay compared to peers in the market (in 11 reviews)

More Pros and Cons

103 Employee Reviews

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  1. Helpful (2)

    developer

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Morningstar

    Pros

    flexible working time depends on you title and your manager.

    Cons

    low salary, a lot of high position managers bring their own people from outside .


  2. Helpful (4)

    Marketing

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Marketing
    Current Employee - Marketing

    I have been working at Morningstar full-time (More than 5 years)

    Pros

    Great people to work with who truly care about what they do and want to see it succeed. Most people are more than happy to collaborate on projects for results. Flexible schedule, summer hours and they strive for a good work culture.

    Cons

    New structure has created layers that do not empower people. Some people take advantage of vacation policy. Pay is low and technology is very behind industry. Lack of growth opportunities. No attempt to hire or encourage internal applications.

    Advice to Management

    Invest in really training employees on tools to empower them. Encourage employees to think outside box and take risk to try something new. Rely too heavily on company name and have not innovated new ways to do things.


  3. Helpful (9)

    Joe is always one of the greatest personality to work for, even when the company could have lost its way at the time

    • Work/Life Balance
    • Comp & Benefits
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Morningstar

    Pros

    Sabbatical and flexible working schedules, if one's manager chains honor it. Payment is not bad at all especially in consideration of local economy, everyone's accomplishment and real "productive" workload. The senior executives and sales, account managers can make a lot even in bad years, easily dwarfing what the others like developers or IT staffs can aspire on the first line. Taking the annual bonus expense from 10-K and divide by these groups one can easily figure out. Bagels Wednesday etc. Lastly and most importantly, Joe is always one of the greatest personality to work for.

    Cons

    Dysfunctional internal politics at the time I left. Smart people, particularly newly minted senior managers, are not shy about boasting all the benefits and opportunities they enjoy with little real products or productivity to deliver. The morale was rather low so there were an exodus of good people during the period.

    Advice to Management

    It was one of the best company to work in Chicago. But by the time the company hired consultant to aggressively "make to" all the tens of best companies ranking finalists, something was clearly wrong. Morale were low and under-table infighting were ferocious. Don't even mention about blatant witch-hunting and favoritism. It was classic principal–agent problem. Hopefully Morningstar already found its root and value back.


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  5. Helpful (5)

    used to be great

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Morningstar full-time (More than 10 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    benefits are still good though many cuts over the years. time off policy is still the same and it's still the best perk.

    Cons

    many more layers of management and more bureaucracy now. not as innovative or in the forefront of technology any more. pay is below standard.


  6. Helpful (3)

    Good for a start, not the place to grow

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Data Analyst
    Current Employee - Data Analyst

    I have been working at Morningstar full-time (More than a year)

    Doesn't Recommend
    Positive Outlook
    Doesn't Recommend
    Positive Outlook

    Pros

    People are fantastic, no limits to time off, one of the best work life balances out there. Office is gorgeous.

    Cons

    Compensation for the rotational program is far from competitive, not a driven or performance oriented culture. Very slow environment to get things accomplished in. Much of middle management is a result of legacy and an unwillingness to make tough decisions around trimming dead weight.

    Advice to Management

    Don't be afraid to make tough decisions when it comes to bringing strategy and hr policies into the 21st century. There are some huge opportunities for future growth that will be missed out on due to current business practices/inefficiencies.


  7. good

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Analysis in Chicago, IL
    Former Employee - Financial Analysis in Chicago, IL

    I worked at Morningstar part-time (Less than a year)

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    easy, loose job amount, interactive

    Cons

    low paid, not flexibility , hard to get promoted


  8. Helpful (2)

    good place to start your career

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Morningstar

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    lots of great people, you can learn a lot.

    Cons

    senior management too far removed from business realities, company stuck in neutral.

    Advice to Management

    clean house.


  9. Helpful (5)

    Structured Credit Ratings

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in Horsham, PA
    Former Employee - Vice President in Horsham, PA

    I worked at Morningstar full-time (More than 3 years)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Flexible hours. As long as you can get your work done the hours are extremely flexible. Work on some institutional real estate. Travel frequently.

    Cons

    They take all the money that structured credit ratings makes and pump it into the entire Credit Ratings group. So the margins in structured credit are huge but they operate under a one morningstar policy that take those margins and spreads them around to other groups that aren't as profitable.

    Advice to Management

    Understand where your bread is buttered. The turnover has been high recently because management fails to recognize (via bonus pool) where the money for structured credit ratings is coming from.


  10. Helpful (3)

    Analyst

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Equity Analyst
    Current Employee - Equity Analyst

    I have been working at Morningstar full-time (More than 5 years)

    Negative Outlook
    No opinion of CEO
    Negative Outlook
    No opinion of CEO

    Pros

    Ability to be the point person on a list as a relatively junior analyst. Freedom to research any area of interest under your coverage list.

    Cons

    Lack of resources for traveling and researching companies and industries. Straddling costs for trying to serve multiple end markets.


  11. Helpful (1)

    Great Place to Learn

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Morningstar

    Pros

    The opportunity to learn, especially for entry level is great. People are very friendly and are very approachable. Work-life balance is definitely a perk.

    Cons

    I wouldn't say there are many cons. The only observation I have is that I did not see many development or promotion opportunities.



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