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

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Helpful (2)

Good company to work for first up

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

I worked at Morningstar full-time (More than 8 years)

Recommends
Positive Outlook
Approves of CEO
Recommends
Positive Outlook
Approves of CEO

Pros

Very good values. Stable job. Above average 401K match besides other benefits. If you are a finance professional there is a lot you can learn at Morningstar.

Cons

Lack of growth once you reach team lead/manager. Pay is not up to market standards.

Advice to Management

Trust your own people from with in. Outsiders are drawing big pay. But has done very little so far.

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  1. Helpful (26)

    Gradually Derailing

    • 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

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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Summer hours, out-performing is easy, limited hours each week, work life balance, nice every-day perks. Our company has always been a gem in the investment industry for its limited hours and relaxed environment which are still consistently present at the company. Expect to work less than 45 hour weeks typically and enjoy the free soft drinks, tea and coffee (and bagels on Wednesdays). I think generally speaking, our managers mean well and do care about their employee's wellness.

    Cons

    Compensation packages, limited upward mobility, strategy inconsistency, regular corporate missteps, increasingly opaque. Over time, Morningstar is losing touch with its employee base. Many coworkers sit with hardly anything to do, and yet our headcount is exploding YoY. Projects regularly stall without adequate developers (or developers that are required to actually work at work) and during vacation season, people lose all sense of delivering what's necessary to our clients in a timely fashion. Simmering resent is perhaps as widespread as it's ever been during my tenure with the company - at face value everybody is happy, but when you talk to anybody over details, people are truly miserable. Limited hours sounds great, but this slack in employee time results in employees feeling underutilized and underappreciated. Add to this substantially sub-par pay packages and our hard working, innovative and bright employees are the ones leaving the firm. Often the long-term employees here are either high ranking and loaded with stock (very smart as well) or they're manipulators of the system who feel free to take 4-6 weeks of vacation a year and move slowly at best when they're on the job. A note for the ambitious, you will be utterly disappointed here. A specific note for future MDPs (Morningstar Development Program candidates), expect no negotiation salaries, dictated position changes, no pay increases with promotions, and annual raises that trail inflation.

    Advice to Management

    Take your own advice regarding organic growth and stop the frothy M&A, create room for employees to grow vertically, pay attention to your employees that want more work and reward them. Joe, please take your own advice and select gritty candidates - not employees who are collecting a paycheck for 35 hours a week.


  2. Helpful (3)

    Good Company, Great Values

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

    I have been working at Morningstar full-time (More than 5 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Interesting work, good work/life balance, fair total compensation (benefits, pay, bonus), open vacation policy, paid sabbatical every four years, casual modern and laid-back work environment, great people

    Cons

    Some people promoted to middle management lack training and experience though efforts are being made for improvement in that area. Firing people is a complicated and difficult process; there are underperformers that have checked out and drag down the rest of the team. New hires fresh out of college (called MDPs) receive special treatment that breeds resentment in experienced employees with the company for many years.


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

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