Morningstar

  www.morningstar.com
  www.morningstar.com
There are newer employer reviews for Morningstar

2 people found this helpful  

Decent

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

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

Pros

Good work/life balance, people were generally friendly, good 401(k) match.

Cons

Low salary, low upward mobility, Morningstar Development Program was unorganized, flexible leave policy makes the organization ineffective, co-workers were not the most intelligent people.

Advice to ManagementAdvice

Have a more structured system that allows young analysts to move up within the ranks.

Doesn't Recommend
Neutral Outlook
No opinion of CEO

297 Other Employee Reviews for Morningstar (View Most Recent)

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  1. 2 people found this helpful  

    Little to no upward mobility

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

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

    Pros

    There are many pros to working at M* including flexible vacation, casual work environment, summer Fridays, and bagel day every Wednesday.

    Cons

    The main cons are the below industry standard salaries as well as the lack of upward mobility. No one gets promoted due to their own merit, you need to apply to other positions within the company thus competing with everyone else for jobs and starting over each time you begin a new position.

    Advice to ManagementAdvice

    Upper management should communicate more with employees and give more direction on career path.

    Neutral Outlook
    Approves of CEO
  2. 14 people found this helpful  

    Disorganized and unprofessional

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

    I worked at Morningstar full-time (more than 5 years)

    Pros

    It is not a bad place for someone to start a career in the financial services industry. Work there for the mandatory 2 years between getting your Bachelor's degree and applying for B-School. The work is as monotonous as you would experience as a trainee at an investment bank, but the company is much less demanding regarding time at the office.

    Cons

    The company is basically a start-up that was in the right place at the right time (had a fund rating product in the '80s when employers started converting pensions into 401(k) accounts and shifting the burden of retirement planning to workers). The upper management believes there company has been successful because of the brilliance of their management. In actuality, the company has succeeded despite rather than due to the management. Sometimes there is nothing more dangerous than success; Morningstar is a case in point.

    Business decisions are made by people unqualified to make them and inexperienced. These are the ones who have worked for the company for years and who, whether competent or not, are trusted by someone above them who is similarly incompetent. The result in the area where I worked was a real Lord of the Flies kind of story where people with no management experience and little experience in the general industry were put in positions of supervision over others. Imagine someone that might be working as an assistant at a reputable investment bank instead being the head of a 100-person group.

    Morningstar's business is struggling as the organization long ago exceeded the limits of their competency and two market crashes within 10-years has removed the attraction in many of their clients' minds of investing in the market. The company is attempting to shift its focus to institutional customers, but haven't realized that this is a much more competitive market with players who are much more well established, much better run, and have much deeper pockets. Morningstar has captured the low-hanging fruit--now what.

    Advice to ManagementAdvice

    Joe Mansueto. You should hire some good management consultants, fire most people who have worked there for 10 years or longer (including your incompetent CFO and Head of HR), staff your company with experienced, knowledgeable people, make yourself chairman emeritus, and turn over the running to a professional manager.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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