Morningstar Reviews

Updated October 9, 2014
Updated October 9, 2014
294 Reviews
3.4
294 Reviews
Rating Trends

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

Review Highlights

Pros
  • Great work/life balance as most people work no more than 45-50 hours per week and casual dress code (in 60 reviews)

  • The work environment is terrific: very collaborative, with a lot of smart people employed there (in 35 reviews)


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

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

More Highlights

81 Employee Reviews Back to all reviews

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  1. 5 people found this helpful  

    Great work/life balance only partly offsets well below average industry compensation

    • 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

    I have been working at Morningstar full-time (more than 3 years)

    Pros

    Laid-back, low pressure atmosphere. Great work/life balance as most people work no more than 45-50 hours per week and casual dress code. Highly intelligent equity and credit analyst peer group. Intellectually stimulating work with significant responsibilities and opportunity to learn. Research business is growing and doing quite well.

    Cons

    Comp, comp, comp. Did I mention comp? Salaries are okay, but bonuses are a joke... total comp 30%-50% below industry averages for experience level. "One Morningstar" means that our group is not properly rewarded for our superior efforts and higher levels of profitability & growth. Very tight budgets mean limited resources to do job properly (research tools, research data, travel). Pay does not scale very well as one moves up in the department or company. To put it simply, Morningstar is cheap. As a result, employee turnover is relatively high.

    Advice to ManagementAdvice

    Improve compensation and provide greater incentives to better motivate employees and retain talent.

    Recommends
    Neutral Outlook
    Approves of CEO
  2. 2 people found this helpful  

    Better Than Most Companies, but Not Without Issues

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

    I have been working at Morningstar full-time (more than 3 years)

    Pros

    Great benefits, such as sabbatical, unlimited vacation, casual dress, patio parties. Young environment and lots of opportunity for lateral movement.

    Cons

    Advancement is nearly impossible in some areas. Plenty of "golden children" in management that can do no wrong, but in fact are mediocre leadership. Compensation is very poor. Bonuses no longer reflective of effort put forth, so less incentive to work hard. All correspondence from management is pure rhetoric, it's disgusting. Management is afraid of failure, leading to poor conservative decisions that backfire. Alot of tenured people underperform but are overpaid and need to be fired, bring in fresh blood at better rates with new thinking.

    Advice to ManagementAdvice

    Review tenured employees and make independent decisions on their usefulness. Give real answers to questions, not just the fake canned responses. Make bonuses effort-based.

    Recommends
    Neutral Outlook
    Approves of CEO
  3. 7 people found this helpful  

    Internal Shift to Centralization is Causing Major Problems

    • 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

    I have been working at Morningstar full-time (more than 8 years)

    Pros

    Work life balance, flextime, location.

    Cons

    Simply put, most of the leaders lack leadership. And, it feels as though no job is safe anymore. Monumental shifts in the company where people and divisions do a reshuffling happen quite often, which brings more changes that the Company is struggling to execute. The company has shifted to a centralized company, which in an of itself is not a bad operational strategy. However, it has toll on its employees and clients. As a result, the culture has suffered and the products. There is more to a company's organization than updating organization charts. Little thought has been given to documenting and implementing how the company should operate as a cohesive unit and how to get things done for its clients. Many key leadership and management have left the company, and now the new CFO is cost cutting and trimming headcount throughout the organization. Salaries are below market. In general, new hires should not have high expectations for receiving a pay raise for many years.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
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  5. 2 people found this helpful  

    Good place to transition in if you're just out of college but hard for experienced professionals to develop new skillset

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

    I have been working at Morningstar full-time (more than 3 years)

    Pros

    Great transition for college grads as it has no dress codes, adult beverages are a stable for all sort of celebration events in or off office permises. No vacation policy.

    Cons

    Around the clock work hours if you're in a team with oversea support members, so work life balance can be challenge if you care about the quality of your work. Leadership vision seems to be short sighted as changes or re-org take place in two-year cycle. No vacation policy. It makes harder for others in the same team when some individuals are abuse the no vacation policy.

    Advice to ManagementAdvice

    Build stronger leadership teams, establish long term visions for success and be fair at compensation and bonus rewards. Consider replace the no vacation policy with 4 weeks vacation policy for example..

    No opinion of CEO
  6. 1 person found this helpful  

    Morningstar has been an excellent company to work for. I've worked here since I graduated college in 2010.

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

    I have been working at Morningstar full-time (more than an year)

    Pros

    Great company culture, flexible hours, no limit on vacation, every four years you get a 6-week paid sabbatical

    Cons

    Coordination between teams, salaries are lower than average, but the overall compensation package makes up for it in my opinion.

    Recommends
    Neutral Outlook
    Approves of CEO
  7.  

    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

    I have been working at Morningstar

    Pros

    work and life balance, health benefit is great

    Cons

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

  8. 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

    I worked at Morningstar full-time (less than an year)

    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
  9. 5 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

    I have been working at Morningstar full-time (more than 3 years)

    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.

  10. 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

    I have been working at Morningstar full-time

    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.

  11. 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

    I have been working at Morningstar full-time (more than 8 years)

    Pros

    Not much pressure, Nice people

    Cons

    too much managers, ignores developers' work

    Advice to ManagementAdvice

    please hire more developers

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