Morningstar

  www.morningstar.com
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Morningstar Reviews

Updated August 13, 2014
Updated August 13, 2014
281 Reviews

3.4
281 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Morningstar Chairman and CEO Joe Mansueto
Joe Mansueto
206 Ratings

Review Highlights

Pros
  • Full of friendly co-workers, allows great work-life balance (in 50 reviews)

  • Good and flexible working hours (in 16 reviews)


Cons
  • High staff turnover at all levels including senior management (in 12 reviews)

  • Very low pay (as an analyst) compared to other companies in the financial industry (in 11 reviews)

More Highlights

74 Employee Reviews Back to all reviews

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  1. 6 people found this helpful  

    An OK place to work

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

    Pros

    - Office environment
    - Overall laid-back culture and work-life balance

    Cons

    - the work nature was boring, of course it varies by team
    - the company doesn't value each individual employee especially for the entry level. You get a feeling that they will be just as fine with or without you
    - If you want to really learn and grow and challenge yourself, this is not a place for you
    - HR team not friendly and helpful
    - Overall culture is dull

    Advice to ManagementAdvice

    Think about the high turn over ratio among entry level employees. People don't stay for a reason. The lack of personal care given to the employees, work itself, career progression prospective, overall culture..all play in. Feeling valued and making impacts are what keeps people loyal and sticking with the company. Losing talents, maybe not as visible, are real big costs to the company.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  2.  

    Good culture company, but some drawbacks...

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

    Pros

    work and life balance, health benefit is great

    Cons

    salary is too low in the industry for the same position.

  3. 3 people found this helpful  

    Great work-life balance

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Project Manager  in  Chicago, IL
    Current Employee - Project Manager in Chicago, IL

    Pros

    People are very nice, the organization is flat. It's easy to ask for time off. Nice office, free bagel breakfast on Wed.

    Cons

    The pay is under industry average. And most of the jobs are very boring, lack of challenges. If you are an ambitious person, don't go there.

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  5. 5 people found this helpful  

    great work/life balance; compensation is low and inconsistent

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

    Pros

    good work/life balance, benefits, training, volunteer opportunities
    engaged employees

    Cons

    Managers instead appears to over-prioritize its method (its pillars) and its growth push far more than its employees.

    Growth opportunities are limited for analysts who do not want to go into people-management roles. This results in employees jumping ship entirely at times.

    Advice to ManagementAdvice

    Invest in your employees by raising compensation to market levels. Higher retention levels will save on training and recruiting. More reasonable comp will also allow employees feel they are fairly valued.

  6. 2 people found this helpful  

    Great work place, which doesn't like edge technology

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

    Pros

    Not much pressure, Nice people

    Cons

    too much managers, ignores developers' work

    Advice to ManagementAdvice

    please hire more developers

  7. 4 people found this helpful  

    Good company, not great for tech career

    Former Employee - Software Developer  in  Chicago, IL
    Former Employee - Software Developer in Chicago, IL

    Pros

    The company has a fun, young culture and the people are above average in their passion and talent.

    Cons

    The technology teams in general err on the side of mediocre and stand-outs who a really passionate about tech are few and far between.

  8. 7 people found this helpful  

    Dealing with sweeping changes, lacking in policy and process

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

    Pros

    Great brand, flexible hours and mid West culture of niceness all around. Smart colleagues and a can do attitude contributes to success

    Cons

    Never ending org changes exhausting. Infrastructure and policy enhancements needed, and high employee turnover at all levels. Middle management is ineffective and disincentivized, multitude of tech and IT issues, and ineffective senior sales management leadership.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  9. 6 people found this helpful  

    Not as great as they say

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

    Pros

    They really try to sell you on the culture and the extra benefits at Morningstar - parties, flexible hours and vacation, casual environment.

    Cons

    Compensation, rotation/advancement opportunities, and candor from management are lackluster at best.

    Advice to ManagementAdvice

    If you really want to be a great place to work, listen to and appreciate your employees.

    Recommends
    Neutral Outlook
    Approves of CEO
  10. 10 people found this helpful  

    Great place to get hired elsewhere.

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

    Pros

    Great work-life balance, as you do the job you can work from home, and take almost as much vacation time as you like. Senior management is very inspirational. Brand name of Morningstar is well-known, so it's easy to get hired elsewhere.

    Cons

    The pay is low, so the best people leave for other firms. Middle-management is terrible, and is decided by who can stay at Morningstar the longest. A special circle of hell is reserved for HR, which acts as a disciplinarian for passive aggressive managers.

    Recommends
    Positive Outlook
    Approves of CEO
  11. 8 people found this helpful  

    Extemely low pay for developers

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

    Pros

    Great senior leadership, good company, industry name recognition, free sodas and coffee

    Cons

    They outsource most of their software development and support to China to save money, making it difficult to communicate and collaborate. There are some sharp coworkers in the China office to be sure, but there's a lot of low quality cheap labor there too. Morningstar is extremely frugal on the salary front. Pay is very poor. A few years back they did a salary survey, but rigged the thing from the start by considering themselves a "publishing" company to get placed up against book publishers and magazines rather than the financial companies out there who pay much better. Morningstar would have you believe they're closer to Random House than Goldman Sachs.

    Advice to ManagementAdvice

    You get what you pay for. All the Booth MBA's in the world won't make up for half rate developers on the other side of the world. As the company continues to grow, web presence in particular, the cracks will increase and be harder to hide.

    Recommends
    Positive Outlook
    Approves of CEO

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