Morningstar
3.4 of 5 268 reviews
www.morningstar.com Chicago, IL 1000 to 5000 Employees

Morningstar Reviews in Chicago, IL

Updated Jun 27, 2014
All Employees Current Employees Only

3.4 132 reviews

                             

87% Approve of the CEO

Morningstar Chairman and CEO Joe Mansueto

Joe Mansueto

(107 ratings)

71% of employees recommend this company to a friend
132 Employee Reviews Back to all reviews
Relevance Date Rating
in
    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • Approves of CEO

    1 person found this helpful  

    Great Work Environment

    Operations Analyst (Current Employee)
    Chicago, IL

    ProsFull of friendly co-workers, allows great work-life balance. Promotes from within and gives preference to internal over external candidates. Good benefits.

    ConsCompensation below industry average, lack of aggressive stance for future growth. Personally I feel people are only in the office to get the job done and nothing more.

    Advice to Senior Managementpromote a more competitive environment

    Yes, I would recommend this company to a friend

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • Disapproves of CEO

    13 people found this helpful  

    Morale at all-time low

    Product Manager (Former Employee)
    Chicago, IL

    Pros- Generous vacation policy
    - Lots of employment mobility within the company
    - BCBS health insurance
    - Generally friendly people

    ConsMorningstar is plagued with a multitude of issues right now. The company just went through a sales and internal reorg, and the aftermath is just a lot of confusion and frustration. Intra-team collaboration has basically disappeared, clients are confused about the new support structure, and development has come to a screeching halt. A key technology initiative that consumed much of the company's resources over the past 2 years all but flopped recently. Morale is at an all-time low. This is evidenced by the fact that the company used to make every "Best Employer" list, and received very few workplace accolades in 2013.

    The company's compensation package is so unmotivating and flawed. Top performers in revenue-driving groups can expect to receive 2-4% pay raises. The attrition rate for recent college grads is incredibly high because the starting pay is far below market, there are so many hurdles that you have to clear to move out of your starting position, and subsequent positions have job descriptions that are not clear.

    Advice to Senior ManagementIncentivize your employees to perform, let go of senior managers that literally do very little work, and inject some enthusiasm into the company!

    Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • Approves of CEO

    1 person found this helpful  

    A great company with great people

    Anonymous Employee (Current Employee)
    Chicago, IL

    ProsMorningstar provides flexibility, independent minded culture, with bright and eager professionals. Morningstar makes way for many different styles of work with a supportive atmosphere. Benefits of a large company include educational stipends.

    ConsCareer monitoring and development is tasked to the individual and their manager, and as a young company, non-upper managers tend toward very green. Formerly diversified and now reshuffled business units along with recent acquisitions create some organizational friction.

    Advice to Senior ManagementSeek out new ways to motivate talent and investment in bigger opportunities

    Yes, I would recommend this company to a friend

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
  • We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • Approves of CEO

    3 people found this helpful  

    Casual work environment with casual employee compensation.

    Product Associate (Current Employee)
    Chicago, IL

    ProsDressed down and informal. Work was pretty simple. Office attempted to be a friendly and collegial place.

    ConsStultifying work trapped in a forest of cubicles. It's a typical large corporate environment, and some, such as myself, can't stand it.

    Advice to Senior ManagementKeep doing what you're doing; at least you're better than most of the others.

    No, I would not recommend this company to a friend

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • Approves of CEO

    1 person found this helpful  

    Great company, great values

    Anonymous Employee (Current Employee)
    Chicago, IL

    ProsThe CEO is smart and sets a high ethical standard. The company's exceptional long-term growth has created many opportunities for employees. The work environment is terrific: very collaborative, with a lot of smart people employed there.

    ConsI can't really think of any.

    Advice to Senior ManagementKeep doing what you're doing.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • Approves of CEO

    3 people found this helpful  

    Overall a pretty great place to work

    Financial Analyst (Current Employee)
    Chicago, IL

    ProsLaid back culture (casual dress code), smart & fun people (lots of different backgrounds), great benefits (401k match, educational stipend) & work/life balance (no vacation policy)

    Morningstar values its employees and definitely takes great care in hiring awesome people.There are several initiatives that allow employees to further their education or learn from others in the company. There is a lot of collaboration and everyone works really hard to ensure that the products and services are perfect and that the client experience is top notch.

    ConsCompensation, duplicative efforts across multiple teams, currently many changes that seem to blindside employees

    Yes, I would recommend this company to a friend

    Was this review helpful?
    Yes | No
    Flag Review
    Morningstar Krista Nannery, Human Resources responded to this review Jan 24, 2014 EditDelete
    Thank you so much for your review. I'm glad your experience at Morningstar has been great so far. We encourage you to speak to your manager about any efforts that may seem duplicative to you and ... More
    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • Disapproves of CEO

    17 people found this helpful  

    A Complete Joke

    Anonymous Employee (Former Employee)
    Chicago, IL

    ProsGreat downtown location, solid benefits, free bagels every Wednesday

    ConsThe company is full of immature young people in their mid-twenties who really need to grow up. On top of that, there are a lot of managers who will do whatever it takes to do absolutely nothing. They actually spend more time and effort trying to get out of work than actually doing any real work. It’s pretty sad. It is clear that there are only two types of employees here. Lazy, unmotivated people who tend to stick around for a very long time, and highly motivated people who leave as soon as they find a better opportunity. I’ve never seen more dysfunction and archaic ways of going about things in my career. If you want to work in an incredibly boring industry with a lot of lazy people, make sure you get your application in today. Otherwise, go to great lengths to avoid this dump.

    Advice to Senior ManagementStop living in complete denial and admit that this company is totally dysfunctional and disorganized. Then when you combine all the clueless recent graduates who think they know the answer to everything with the lazy management, you have an even bigger problem. It’s embarrassing how many people need to be shown the door. No cutting-edge professional that is serious about their career and demands to be treated with respect will ever stay working here one day longer than they have to.

    No, I would not recommend this company to a friend

    Was this review helpful?
    Yes | No
    Flag Review
    Morningstar Krista Nannery, Human Resources responded to this review Jan 24, 2014 EditDelete
    Thank you for your review. I am sorry you had a bad experience. We would like to know more about it. Please contact me directly to tell me more about your time with us.
    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • No Opinion of CEO

     

    Developer in China

    Software Developer (Current Employee)
    Chicago, IL

    ProsHave many changes, opportunity. Take care of people

    ConsSalary, move between different sub

    Yes, I would recommend this company to a friend

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • Approves of CEO

    1 person found this helpful  

    For those that value work/life balance

    Data Analyst (Former Employee)
    Chicago, IL

    ProsStrong work/life balance, job security, and numerous employmee development opportunities

    ConsWork environment is too relaxed and unstimulating

    No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • Disapproves of CEO

    3 people found this helpful  

    Good place to start

    Analyst (Former Employee)
    Chicago, IL

    ProsA number of smart people, nice environment, stability. Very laid-back hours

    ConsToo much bureaucracy -- lots of busy work as an analyst. Not too much room for creativity. Low pay -- ideal for a younger analyst.

    Advice to Senior ManagementPay top performers more in equity and fixed analyst pool or risk losing them. Don't pull back on bonuses when revenue comes in a bit -- your margins are huge and that tells people you don't want to invest in them

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
RSS Feed Embed

Worked for Morningstar? Contribute to the Community!

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

Glassdoor is your free inside look at Morningstar reviews and ratings in Chicago, IL — including employee satisfaction and approval rating for Morningstar CEO Joe Mansueto. All 132 reviews posted anonymously by Morningstar employees.