283 Employee Reviews (View Most Recent)

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3 people found this helpful  

Great work/life balance, but very low pay and unclear career trajectory.

  • 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

I have been working at Morningstar full-time

Pros

-Very relaxed environment (probably with the exception of Product Support).
-Typically 40-50 hours of work per week
-Very nice managers, no big egos to worry about, you will never get yelled at.
-Many opportunities to make a business impact.
-Lunches with senior executives.
-Places well at Kellogg and Booth part time programs (not full time however).
-Amazing vacation policy and summer hours
-Partial Tuition/CFA support
-Patio parties
-Improving reputation among media.

Cons

-Well below market pay throughout the firm (i.e. Data Analysts typically start at 45k).
-Shortage of middle managers.
-Limited exit opportunities (you won't be doing traditional finance in most roles).
-HR is largely uninvolved in supporting employees once hired (MDP status is unhelpful).
-No clear career trajectory, you have to apply and interview for any new position.
-Not always a meritocracy, working hard is often unrecognized.

Advice to ManagementAdvice

Morningstar is a good company with great people and strong senior leadership in a struggling industry. Unfortunately, the firm fails to fairly compensate employees at most levels, leaving many of the most talented employees to view their position as just a job, not a step forward in their career development. To that same end, HR needs to help implement a competency model that allows employees to develop a realistic and meaningful career trajectory. Finally, please consider adding more headcount at the middle management level, which will allow junior employees to remain motivated in their career progression.

Doesn't Recommend
Negative Outlook
No opinion of CEO

Other Reviews for Morningstar

  1. 5 people found this helpful  

    Good for entry levels, less appealing for experienced folks

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

    I have been working at Morningstar full-time for more than 5 years

    Pros

    Good work/life balance
    Ethical management
    Good benefits

    Cons

    Confused vision from management
    Poor incentives for experienced employees
    Lots of internal politics
    Limited recognition for a job well-done

    Advice to ManagementAdvice

    Focus less on hiring college grads and more on making Morningstar a rewarding place for someone to spend his career. Notice high job level dissatisfication among experienced employees and make the changes necessary to keep them onboard.

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

    Good company to start your career at

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

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

    Pros

    Great benefits but fair pay

    Cons

    Virtually little to no opportunity for advancement. Heavy emphasis on hiring college graduates with little experience. Majorirty of employees are interested in career development, so you have a lot of people around the same age/experience level looking for advancement with little opportunity. If you happen to become a manager, there are virtually no career progression opportunities afterwards. Also, senior management does nothing to require managers to effectively manage and be accountable for morale Quality, development and productivity standards are inconsistent across groups within the company. Training is weak, conducted through occasional external workshops and there are no standards/measurements/consequences for acceptable management standards. As a result, there are some really ineffective managers on the foor impacting employee morale, productivity and creating ineffective processes.

    Advice to ManagementAdvice

    Pay more attention to what is actually happening in each SBU, listen to the employees and appoint true leaders. A good leader isn't one who is skilled in one area, but is well rounded and has demonstrated success in multiple areas, gaining the respect of both their peers and leadership. Reward those who go over and beyond.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
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