There are newer employer reviews for Morningstar
There are newer employer reviews for Morningstar

See Most Recent

Helpful (4)

Overworked and under compensated

  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Data Analyst in Chicago, IL
Current Employee - Data Analyst in Chicago, IL
Doesn't Recommend
Positive Outlook
No opinion of CEO

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

Pros

- The company prides itself on helping the individual investor, which is a belief to which most employees truly subscribe. - Free lattes and casual dress are incentives that some employees really enjoy, but don't outweigh the cons.

Cons

- Management struggles with decisions on how to best structure the firm, and as such there have been multiple large-scale reorganizations in recent history. - Compensation is severely below market for finance and IT professionals. Compensation is also awarded from top-down success of the company, and, as such, the (financial) incentive for individual business units to strive for success is completely eliminated. - Flat management structure and segregated business units leave little chance for upward mobility. - Many groups are very understaffed, so the promoted "work-life balance" that Morningstar prides itself upon is simply not true.

Advice to Management

- Hire outside consultants or those with executive management experience OUTSIDE of Morningstar. Remove the flat management structure and increase compensation to retain truly talented employees. Stop wasting money by providing so much tuition assistance to people who will only use those advanced degrees to receive market wages at another firm.

Other Employee Reviews for Morningstar

  1. Helpful (5)

    not a place to stay long

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I have been working at Morningstar full-time

    Pros

    Good benefits Work life balance Friendly coworkers Great work environment

    Cons

    low base salary no opportunities to be promoted tedious job everyday

    Advice to Management

    Pay attention to high turn-over rate and improve rewarding strategy across the whole company. You have a bunch of smart and hard-working folks, but treating them equally like others will not help you keep people.


  2. Helpful (1)

    There is a reason it makes 100 BEST COMPANIES TO WORK FOR list year after year

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Software Developer in Chicago, IL
    Current Employee - Senior Software Developer in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Morningstar full-time (More than 10 years)

    Pros

    Spectacular work environment along with unheard of benefits. - Unlimited vacation - 6 Week sabbatical every 4 years (enough said)

    Cons

    Flat org structure making for difficult career development and growth.


There are newer employer reviews for Morningstar
There are newer employer reviews for Morningstar

See Most Recent

Work at Morningstar? Share Your Experiences

Morningstar

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.