There are newer employer reviews for Morningstar

1 person found this helpful  

good benefits, low salary

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

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

Pros

benefits, work location, newer building

Cons

lack of internal career growth thus stagnant salary. no team like atmosphere. If you're on the technical side you're considered second class, easily interchangeable, not easily promoted.

Recommends
Neutral Outlook
Approves of CEO

288 Other Employee Reviews for Morningstar (View Most Recent)

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  1. 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
  2. 1 person found this helpful  

    Great place to work if you can afford the starting salary.

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

    I have been working at Morningstar full-time for less than a year

    Pros

    Flexible Schedule
    Unlimited Time-Off/Vacation
    Great Team Environment
    Good Training Program

    Cons

    Starting Salary is not up to par with Job Requirements

    Advice to ManagementAdvice

    Improve the starting salaries to more closely compete with the job, not the area.

    Recommends
    Positive Outlook
    Approves of CEO
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