Morningstar

  www.morningstar.com
  www.morningstar.com

Morningstar Reviews in Chicago, IL

Updated December 11, 2014
Updated December 11, 2014
301 Reviews
3.3
301 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Morningstar Chairman and CEO Joe Mansueto
Joe Mansueto
213 Ratings

Review Highlights

Pros
  • Great work/life balance as most people work no more than 45-50 hours per week and casual dress code (in 61 reviews)

  • The work environment is terrific: very collaborative, with a lot of smart people employed there (in 35 reviews)


Cons
  • High staff turnover at all levels including senior management (in 14 reviews)

  • Very low pay (as an analyst) compared to other companies in the financial industry (in 11 reviews)

More Highlights

144 Employee Reviews Back to all reviews

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  1. 2 people found this helpful  

    You will find a home here

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

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

    Pros

    Great people
    Great atmosphere
    Amazing work life balance

    Cons

    Morningstar is going to major org changes that can turn out either way.

    Advice to ManagementAdvice

    Remember what worked the past and what got to to where you are today. All companies have to grow and change, but don't lose the entrepreneurial spirit.

    Recommends
    Positive Outlook
    Approves of CEO
  2. 4 people found this helpful  

    Nice work place for Project Manager not developers.

    • 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 8 years)

    Pros

    Nice work place for Project Manager, they can decide any unrealizable schedule and not care developers' substation.

    Cons

    would rather not to say here.

    Doesn't Recommend
    Disapproves of CEO
  3. 1 person found this helpful  

    Great Work Environment

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

    I have been working at Morningstar full-time (more than an year)

    Pros

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

    Cons

    Compensation 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 ManagementAdvice

    promote a more competitive environment

    Recommends
    Neutral Outlook
    Approves of CEO
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  5. 14 people found this helpful  

    Morale at all-time low

    • 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 3 years)

    Pros

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

    Cons

    Morningstar 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 ManagementAdvice

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

    Recommends
    Negative Outlook
    Disapproves of CEO
  6. 1 person found this helpful  

    A great company with great people

    • 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 5 years)

    Pros

    Morningstar 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.

    Cons

    Career 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 ManagementAdvice

    Seek out new ways to motivate talent and investment in bigger opportunities

    Recommends
    Neutral Outlook
    Approves of CEO
  7. 2 people found this helpful  

    Great company, great values

    • 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 10 years)

    Pros

    The 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.

    Cons

    I can't really think of any.

    Advice to ManagementAdvice

    Keep doing what you're doing.

    Recommends
    Positive Outlook
    Approves of CEO
  8. 3 people found this helpful  

    Casual work environment with casual employee compensation.

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

    I have been working at Morningstar full-time (more than an year)

    Pros

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

    Cons

    Stultifying 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 ManagementAdvice

    Keep doing what you're doing; at least you're better than most of the others.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  9. 3 people found this helpful  

    Overall a pretty great place to work

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

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

    Pros

    Laid 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.

    Cons

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

    Recommends
    Neutral Outlook
    Approves of CEO

    Morningstar Response

    Jan 24, 2014Krista Nannery, Human Resources

    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

  10.  

    Developer in China

    • 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)

    Pros

    Have many changes, opportunity. Take care of people

    Cons

    Salary, move between different sub

    Recommends
    Neutral Outlook
    No opinion of CEO
  11. 18 people found this helpful  

    A Complete Joke

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

    I worked at Morningstar full-time (more than an year)

    Pros

    Great downtown location, solid benefits, free bagels every Wednesday

    Cons

    The 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 ManagementAdvice

    Stop 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.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Morningstar Response

    Jan 24, 2014Krista Nannery, Human Resources

    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.

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