Morningstar Reviews in Chicago, IL

Updated September 10, 2014
Updated September 10, 2014
287 Reviews
3.3
287 Reviews
Rating Trends

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

Review Highlights

Pros
  • Full of friendly co-workers, allows great work-life balance (in 50 reviews)

  • Good and flexible working hours (in 16 reviews)


Cons
  • High staff turnover at all levels including senior management (in 12 reviews)

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

More Highlights

141 Employee Reviews Back to all reviews

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  1. 12 people found this helpful  

    Great Insurance, Good Bagels, Poor Middle Management

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

    I worked at Morningstar full-time for more than 3 years

    Pros

    Insurance - Bagel Day - Summer Hours

    Cons

    Terribly poor, under qualified middle management. Lack of oversight. No one is ever on the same page in terms of project intent, and deadlines. Way too many managers watching YouTube. They work young developers, programers, and designers to the bone with no recognition for their hard work. I have worked several times overnight due to the manager’s constant nagging on finishing the project only to find out there was no set deadline whatsoever. No apology from the manager, just an "oops!".

    Advice to ManagementAdvice

    Check on the qualifications of your middle management. They spend too much time on either YouTube, Zappos, or J.Crew websites.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  2. 2 people found this helpful  

    Great work place, which doesn't like edge technology

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

    I have been working at Morningstar full-time for more than 8 years

    Pros

    Not much pressure, Nice people

    Cons

    too much managers, ignores developers' work

    Advice to ManagementAdvice

    please hire more developers

  3. 4 people found this helpful  

    Good company, not great for tech career

    Former Employee - Software Developer  in  Chicago, IL
    Former Employee - Software Developer in Chicago, IL

    I worked at Morningstar full-time for more than 3 years

    Pros

    The company has a fun, young culture and the people are above average in their passion and talent.

    Cons

    The technology teams in general err on the side of mediocre and stand-outs who a really passionate about tech are few and far between.

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  5. 6 people found this helpful  

    Not as great as they say

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

    I have been working at Morningstar full-time for more than a year

    Pros

    They really try to sell you on the culture and the extra benefits at Morningstar - parties, flexible hours and vacation, casual environment.

    Cons

    Compensation, rotation/advancement opportunities, and candor from management are lackluster at best.

    Advice to ManagementAdvice

    If you really want to be a great place to work, listen to and appreciate your employees.

    Recommends
    Neutral Outlook
    Approves of CEO
  6. 10 people found this helpful  

    Great place to get hired elsewhere.

    • 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 for more than a year

    Pros

    Great work-life balance, as you do the job you can work from home, and take almost as much vacation time as you like. Senior management is very inspirational. Brand name of Morningstar is well-known, so it's easy to get hired elsewhere.

    Cons

    The pay is low, so the best people leave for other firms. Middle-management is terrible, and is decided by who can stay at Morningstar the longest. A special circle of hell is reserved for HR, which acts as a disciplinarian for passive aggressive managers.

    Recommends
    Positive Outlook
    Approves of CEO
  7. 1 person found this helpful  

    Great Place To Start

    • 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 for more than a year

    Pros

    Work environment, training, culture, freedom

    Cons

    Pay, compensation, bonus structure, promotions

    Advice to ManagementAdvice

    To keep longer term people, we need to be compensated appropriately.

    Recommends
    Neutral Outlook
    Approves of CEO
  8. 8 people found this helpful  

    Extemely low pay for developers

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

    I worked at Morningstar full-time

    Pros

    Great senior leadership, good company, industry name recognition, free sodas and coffee

    Cons

    They outsource most of their software development and support to China to save money, making it difficult to communicate and collaborate. There are some sharp coworkers in the China office to be sure, but there's a lot of low quality cheap labor there too. Morningstar is extremely frugal on the salary front. Pay is very poor. A few years back they did a salary survey, but rigged the thing from the start by considering themselves a "publishing" company to get placed up against book publishers and magazines rather than the financial companies out there who pay much better. Morningstar would have you believe they're closer to Random House than Goldman Sachs.

    Advice to ManagementAdvice

    You get what you pay for. All the Booth MBA's in the world won't make up for half rate developers on the other side of the world. As the company continues to grow, web presence in particular, the cracks will increase and be harder to hide.

    Recommends
    Positive Outlook
    Approves of CEO
  9. 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 for 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
  10. 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 for 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
  11. 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 for 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

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