Morningstar Reviews

Updated August 19, 2015
171 reviews filtered by
  • Chicago, IL Area
  • Any Job Title
  • Any Status
Employment Status

Reset
3.4
Rating Trends
Recommend to a friend
Approve of CEO
Morningstar Chairman and CEO Joe Mansueto
Joe Mansueto
128 Ratings

Pros
  • The work-life balance can not be emphasized enough (in 61 reviews)

  • Entrepreneurial, surrounded by very smart people in a challenging work environment (in 35 reviews)

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

  • Low pay compared to peers in the market (in 11 reviews)

More Pros and Cons

171 Employee Reviews

Sort: Popular Rating Date
  1. Helpful (1)

    Great place

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

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

    Pros

    Great environment, fantastic coworkers, flexible work/life balance policies, enjoyable work. The mission is tough to beat within finance.

    Cons

    The pay is likely not the highest you'll find in the finance industry. Bagels are bad for you.


  2. Helpful (4)

    Not what it is made out to be

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Morningstar Development Program in Chicago, IL
    Former Employee - Morningstar Development Program in Chicago, IL
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Morningstar full-time (More than a year)

    Pros

    Casual dress and work life balance. Company seems to care about it's employees. Great location in Chicago and near red line stop

    Cons

    Pay is very low Very slow paced environment The MDP Program lacks any real guidance Everyone is young in the organization because there is a lot of turnover

    Advice to Management

    Need to pay employees more


  3. HR and Immigration Consultant

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Human Resources and Global Immigration Consultant in Chicago, IL
    Former Contractor - Human Resources and Global Immigration Consultant in Chicago, IL
    Recommends
    Approves of CEO

    I worked at Morningstar as a contractor (Less than a year)

    Pros

    A company that really cares about its employees, and not just about the short-term benefits (generous vacation, comprehensive health insurance, social/community integration), but the long-term as well (professional development programs such as Toast Masters, Excel proficiency classes, etc., and room for growth within the company). Employee opinion is highly valued and the leadership makes an effort to integrate employees in the overall company organization.

    Cons

    This might be a minor issue, but needs to be mentioned either way: the Chicago headquarters can host penguins, that's how cold it is.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Helpful (6)

    Not what I expected.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Morningstar Development Program in Chicago, IL
    Former Employee - Morningstar Development Program in Chicago, IL
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I worked at Morningstar full-time (More than a year)

    Pros

    Truly a laid back culture. You can dress however you'd like (unless you're meeting clients). You're given the freedom to take up projects, meet whoever you'd like (senior management is very friendly and welcoming). The people are very, very smart and Chicago is great. Good general business experience Great products.

    Cons

    First role is veeeeeeeeery entry level. You're either placed in their call center as client service support for their products, or you're cleaning up data as a data analyst. It's very rare to get hired as a research associate and EVERYONE is trying to get those jobs internally. It can be surprisingly disorganized. All the pros of meeting whoever you'd like, or attending any training sessions, go right out the window if you're in client service. Then you're on the phones from 8-5pm with a 1 hour break in between. If you want to meet someone or take advantage of a class, it better be on that. Management in certain departments are reluctant to hire MDPs because they'll rotate away, so they are hesitant to invest. Training doesn't exist. It's a "figure it out" type company. Technology MDPs make almost 30K more than non-tech MDPs. (Yes, tech MDPs make 75K). The company is very, very, VERY cheap. Food runs out at the "patio parties". Bagel Day is the only free food you'll get. And they don't freakin pay you! Don't be surprised when they only want to give you $500 relocation. The technology we get to work with is terrible.


  6. Helpful (1)

    Investment Analyst

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Chicago, IL
    Current Employee - Anonymous Employee in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great flexibility in work/life balance. Generous stipends for continuing education and professional certifications.

    Cons

    If you prefer a competitive, fast paced environment, Morningstar isn't the right company for you.

    Advice to Management

    Figure out how to better incentivize employees, especially more junior level roles.


  7. Helpful (5)

    Grossly Underpaid

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

    Pros

    Work-life balance, work from home, nice co-workers.

    Cons

    How this place continues to staff IT/design folks with the salaries they pay is beyond me. The company is finally realizing the need for user experience and interaction designers, but not to the point that they are willing to be even close to competitive with salary. Either Morningstar, or the people taking these jobs, is oblivious to what UX salaries are elsewhere in Chicago.

    Advice to Management

    It's good you're finally realizing the need for UX designers, but do some research and pay more, and the industry will start taking you seriously.


  8. Helpful (1)

    Great place to work

    • 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
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    It's a very wide company that encourages lateral movement. This allows people to grow immensely in the direction they want. The environment is liberal, not too up-tight, and full of people who care.

    Cons

    Some people take advantage of the unlimited vacation day policy which is very disrespectful and can lead to much more work for others. Also, the open and flexible environment can lead to some being outspoken about their cynicism.


  9. Helpful (1)

    Great mission and a company that succeeds despite iteslf

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

    I have been working at Morningstar full-time

    Pros

    Great people, very open culture, great mission to serve investors, sabbatical, flexible work hours, intellectually stimulating, great brand, you can be proud of where you work

    Cons

    Compensation is middle-of-the road, not much structure for advancement, difficult environment for someone who's not a self-starter

    Advice to Management

    Despite long-term focus, management's cost focus seems very short term. Whether it's headcount or a new data/product innovation,the process is tedious and daunting and at odds with the entrepreneurial culture.


  10. Helpful (5)

    All in all a good place to work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Business Analyst in Chicago, IL
    Current Employee - Business Analyst in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Sabbatical every 4 years, unlimited vacation, good people

    Cons

    Recent re-org has been very painful. You can get worked pretty hard if you are not careful

    Advice to Management

    Management on the whole does a good job, but is quick to let good talent get away


  11. Great People, Great Values, Great Environment

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Intern - Illinois in Chicago, IL
    Current Intern - Illinois in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Morningstar as an intern

    Pros

    Great people work at Morningstar who love what they do. Collaboration of teams all work towards a common goal that helps the heart beat of Morningstar thrive.

    Cons

    Lacks structure certain departments.

    Advice to Management

    Build upon teams and encourage internal growth.



Showing 171 of 375 reviews
Reset Filters
RSS Feed </> Embed

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