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

Morningstar Reviews

Updated Jul 9, 2014
All Employees Current Employees Only

3.4 268 reviews

                             

88% Approve of the CEO

Morningstar Chairman and CEO Joe Mansueto

Joe Mansueto

(196 ratings)

68% of employees recommend this company to a friend
268 Employee Reviews
Relevance Date Rating
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Review Highlights

Pros:
  • "Full of friendly co-workers, allows great work-life balance"
    in 49 reviews
  • "Flexible working hours, pantry food, education stipend for your exams though limited, nice office with comfortable meeting room and phone booth"
    in 15 reviews
Cons:
  • "Very low pay (as an analyst) compared to other companies in the financial industry"
    in 12 reviews
  • "High staff turnover at all levels including senior management"
    in 12 reviews
  • Show more review highlights

Reviews

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    1 person found this helpful  

    You will find a home here

    Manager, Software Development (Current Employee)
    Chicago, IL

    ProsGreat people
    Great atmosphere
    Amazing work life balance

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

    Advice to Senior ManagementRemember 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.

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

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    4 people found this helpful  

    Nice work place for Project Manager not developers.

    Senior Developer (Current Employee)
    Chicago, IL

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

    Conswould rather not to say here.

    No, I would not recommend this company to a friend

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    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

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    • Culture & Values
           
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    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

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    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

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    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

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    Entrepreneurial

    Anonymous Employee (Current Employee)

    ProsLots of ownership for projects.

    ConsNot a very competitive environment. Some works get boring.

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

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    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

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    2 people found this helpful  

    Great Atmosphere, Pay Not Competitive

    Anonymous Employee (Current Employee)

    ProsGreat people to work with, lots of flexibility

    ConsPay is not that great.

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    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

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    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
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Glassdoor is your free inside look at Morningstar reviews and ratings — including employee satisfaction and approval rating for Morningstar CEO Joe Mansueto. All 268 reviews posted anonymously by Morningstar employees.