Morningstar Reviews

Updated April 27, 2015
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3.3
154 Reviews
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Morningstar Chairman and CEO Joe Mansueto
Joe Mansueto
122 Ratings

154 Employee Reviews

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  1. Helpful (2)

    Good place to work.

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

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

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Flexible working hours;
    Good insurance;
    3 weeks annual vocation + 6 weeks sabbatical every four years;
    Colleagues are friendly and easygoing;
    HRs are quite formal and helpful;

    Cons

    Salary and bonus are a bit low compared with the market;
    Salary increase percentage is a bit low.

  2. Helpful (9)

    Used to be a good place to work.

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

    I have been working at Morningstar full-time (More than 8 years)

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    Pros

    Work-life balance, sabbatical, office space, party, benefits, casual dress code...actually, lots of this kind of pros. It is highly recommended to a new hand - much less pressure, while still have rooms to learn and grow - if you want.

    Cons

    Take your time to read the cons from the reviews chain. I was proud of being a member of a great family, but now I am sad to say that it lost. Lower and lower employee morale makes it harder and harder to turn back to be a good company.

  3. Helpful (2)

    Equity Analyst

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

    I have been working at Morningstar full-time (More than a year)

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

    Pros

    Free bagels on Wednesday. Sabbatical every 4 years

    Cons

    Open office space, coffee and copy machines that don't work 30% of the time, convoluted 401k match program, nonsensical bonus program that has zero relationship to the firm's evalution process, email announcements and objects around the office to remind you that the CEO is one of the richest people in the country at his employee's expense, no cost of living pay increases, office parties where the food runs out in 30 minutes, co-workers who look at the organization's mediocrity and lack of incentives and whom act accordingly.

    Advice to Management

    Create a culture and compensation system that rewards performance.

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  5. Helpful (15)

    Left a distinctly bad taste in my mouth after 8 years of service.

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

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

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    During my time Morningstar offered a good opportunity for those hungry to grow to learn and be given more responsibilities at a young age than you may find in other organizations.

    I think highly of Joe Mansueto, the CEO. His down-to-earth and Buffett-esque leadership style is laudable and I enjoyed the interactions I had with him during my tenure.

    Cons

    Compensation is quite poor - I more than doubled my base salary by going to a startup. It's only after several years after getting a market correction that I realize how poor my compensation had been relative to the market during my career at Morningstar.

    Moreover, the company's extremely lopsided management of tuition reimbursement left me with a very large repayment (tens of thousands) when I had previously been recruited with promises of tuition assistance as a portion of my compensation (with no requirement for paying back). Adding salt to the wounds, I have I have friends and colleagues from Morningstar who weren't asked to pay back anything at all at the time they left the organization while I will continue to pay the company back years after my employment ended.

    Through this all Morningstar taught me a valuable lesson - you need to look out for yourself and not expect that the company is going to give you a moment of thought/consideration the moment it isn't intrinsically motivated to do so. It was a hard lesson to learn and was very disappointing after having spent nearly a third of my life as a high-performer at this company.

    Advice to Management

    You will continue to lose your best talent to organizations willing to pay fair market value. Your promotion of higher education is distinctly at odds with your disinterest in compensating individuals for this investment and further increases your propensity for turnover. Additionally, you should remember that the way you treat these high performers at the time of exit has implications on your company's reputation.

  6. Helpful (6)

    Unique working environment but one you need to want to work in. No offices, all employees sit in the same type of space

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

    I worked at Morningstar full-time (More than 3 years)

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    Pros

    Good benefits and good company values.

    Cons

    You need to move around a lot to get any kind of salary bump, Management is not very open to new ideas which is very different than what they claim .

  7. Helpful (1)

    Very good place to start you career

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

    Great people, nice and supportive.
    Covering many financial vehicles, many things to learn.
    good life/work balance

    Cons

    Not committing to growth, kind of stable.
    It is getting a little bureaucratic

  8. Helpful (4)

    Nice easy going place to work, but overwhelmed by analysis

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

    I have been working at Morningstar full-time (More than a year)

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    It's casual. During company meetings they show videos that are genuinely funny. People are basically nice. You can take as much time off as you want.

    Cons

    There's a bit of paralysis by analysis. No one wants to make decisions. They higher a ridiculous number of business analysts who don't really make things any better. There is a lot of passive aggressiveness. Some departments are a bit lost.

    Advice to Management

    It's a good place, but try to make stronger decisions. Try to get rid of passive aggressive culture.

  9. Helpful (2)

    Fun Culture, smart people

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

    I have been working at Morningstar

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

    Pros

    Fun culture, smart people, good work/life balance

    Cons

    Lower compensation. Don't always retain talent.

    Advice to Management

    Invest more in growth areas.

  10. Helpful (7)

    Terrible Middle Management

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

    I worked at Morningstar full-time (More than 3 years)

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

    Pros

    Good work-life balance if you work with the right division (other divisions not so much). I have worked with four. Nice bagel Wednesday. Great office parties. Great health benefits. CEO seems like a very nice person.

    Cons

    There needs to be more checks and balances with middle management, there tends to be a lot of power mongering coming from them. So so for personal growth. Not as transparent as they claim to be.

    Advice to Management

    Keep a better eye on your middle management personnel.

  11. Helpful (7)

    Use to be a great place to work.... now not so much

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

    I have been working at Morningstar full-time (More than 8 years)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    It offers great work-life balance and is very flexible when you need time off.

    Cons

    As the company has grown it has become more "corporate" and lost a lot of the great things about it. It use to feel like working at a startup but now it is hard to get new ideas/innovations done with all the layers of managers etc. The company is too occupied with being rated as one of the top places to work and when those yearly surveys come out they keep encouraging their employees to rate them high.

    Advice to Management

    Seems like every year or so there is a new major reorganization that is very frustrating so would be nice to have a longer term vision. Also, lots of turnover in the executive roles.

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