Morningstar

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

4 people found this helpful  

Overworked and under compensated

  • 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 (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 ManagementAdvice

- 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.

Doesn't Recommend
Positive Outlook
No opinion of CEO

301 Other Employee Reviews for Morningstar (View Most Recent)

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  1. 4 people found this helpful  

    not a place to stay long

    • 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 benefits
    Work life balance
    Friendly coworkers
    Great work environment

    Cons

    low base salary
    no opportunities to be promoted
    tedious job everyday

    Advice to ManagementAdvice

    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.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  2. 1 person found this helpful  

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

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

    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.

    Recommends
    Positive Outlook
    Approves of CEO
There are newer employer reviews for Morningstar

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