Morningstar Reviews

Updated August 25, 2014
Updated August 25, 2014
284 Reviews

3.4
284 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Morningstar Chairman and CEO Joe Mansueto
Joe Mansueto
209 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

Employee Reviews

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  1. 2 people found this helpful  

    Career Inspiration Job

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Project Coordinator
    Former Employee - Project Coordinator

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

    Pros

    The best things about Morningstar are its flexible schedule that offers work-life balance and friendly environment. The dress code is casual for back-office functional departments, which is favorable for the people that like a laid back workplace atmosphere. A great visionary senior leadership. A best place to launch a career.

    Cons

    Compensation is little below industry average. Only good for young professionals who care more about learning and growth versus pay. Probably not so much for mid-career people who need big checks to raise a family.

    Advice to ManagementAdvice

    Doing pretty well.

    Recommends
    Neutral Outlook
    Approves of CEO
  2. 3 people found this helpful  

    Good Company, Great Values

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

    I have been working at Morningstar full-time for more than 5 years

    Pros

    Interesting work, good work/life balance, fair total compensation (benefits, pay, bonus), open vacation policy, paid sabbatical every four years, casual modern and laid-back work environment, great people

    Cons

    Some people promoted to middle management lack training and experience though efforts are being made for improvement in that area. Firing people is a complicated and difficult process; there are underperformers that have checked out and drag down the rest of the team. New hires fresh out of college (called MDPs) receive special treatment that breeds resentment in experienced employees with the company for many years.

    Recommends
    Positive Outlook
    Approves of CEO
  3. 1 person found this helpful  

    Good company to work for first up

    • 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 for more than 8 years

    Pros

    Very good values.
    Stable job.
    Above average 401K match besides other benefits.
    If you are a finance professional there is a lot you can learn at Morningstar.

    Cons

    Lack of growth once you reach team lead/manager.
    Pay is not up to market standards.

    Advice to ManagementAdvice

    Trust your own people from with in. Outsiders are drawing big pay. But has done very little so far.

    Recommends
    Positive Outlook
    Approves of CEO
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  5. 22 people found this helpful  

    Gradually Derailing

    • 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 3 years

    Pros

    Summer hours, out-performing is easy, limited hours each week, work life balance, nice every-day perks.

    Our company has always been a gem in the investment industry for its limited hours and relaxed environment which are still consistently present at the company. Expect to work less than 45 hour weeks typically and enjoy the free soft drinks, tea and coffee (and bagels on Wednesdays). I think generally speaking, our managers mean well and do care about their employee's wellness.

    Cons

    Compensation packages, limited upward mobility, strategy inconsistency, regular corporate missteps, increasingly opaque.

    Over time, Morningstar is losing touch with its employee base. Many coworkers sit with hardly anything to do, and yet our headcount is exploding YoY. Projects regularly stall without adequate developers (or developers that are required to actually work at work) and during vacation season, people lose all sense of delivering what's necessary to our clients in a timely fashion.

    Simmering resent is perhaps as widespread as it's ever been during my tenure with the company - at face value everybody is happy, but when you talk to anybody over details, people are truly miserable. Limited hours sounds great, but this slack in employee time results in employees feeling underutilized and underappreciated. Add to this substantially sub-par pay packages and our hard working, innovative and bright employees are the ones leaving the firm. Often the long-term employees here are either high ranking and loaded with stock (very smart as well) or they're manipulators of the system who feel free to take 4-6 weeks of vacation a year and move slowly at best when they're on the job. A note for the ambitious, you will be utterly disappointed here.

    A specific note for future MDPs (Morningstar Development Program candidates), expect no negotiation salaries, dictated position changes, no pay increases with promotions, and annual raises that trail inflation.

    Advice to ManagementAdvice

    Take your own advice regarding organic growth and stop the frothy M&A, create room for employees to grow vertically, pay attention to your employees that want more work and reward them.

    Joe, please take your own advice and select gritty candidates - not employees who are collecting a paycheck for 35 hours a week.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6. 4 people found this helpful  

    It was once a great company to work for with fun and diverse co-workers but has since become more and more corporate.

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

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

    Pros

    Good benefits, perks, and work life balance. Summer hours. The office is modern and in a great location.

    Cons

    Management has good intentions but usually fail to deliver. Too focused on the bottom line and the layers of bureaucracy are increasing all the time.

    Advice to ManagementAdvice

    Compensate your employees better.

    Recommends
    Neutral Outlook
    Approves of CEO
  7.  

    Good culture company, but some drawbacks...

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

    I have been working at Morningstar

    Pros

    work and life balance, health benefit is great

    Cons

    salary is too low in the industry for the same position.

  8. 2 people found this helpful  

    Good company overall

    • 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 3 years

    Pros

    Very entrepreneurial, very good work culture and company values. Lots of opprtunity to move around the company to gain varied experience.

    Cons

    Can be a little too insular. With so many small teams, lots of duplication of efforts, not as efficient as it could be.

    Recommends
    Positive Outlook
    Approves of CEO
  9. 1 person found this helpful  

    Great experience, nice people to work with

    • 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 for more than 3 years

    Pros

    the people here are great and the culture is very laid back, unlike any other company I have worked for. I love the vacation policy and it is nice to know the company wants you to come to work, do your work, and then go home and have a life. there is no required face time, nor did I ever feel like I needed to stay longer than what my work too in order to be there

    Cons

    hard career progression, there are so issues with moving up in this company

    Advice to ManagementAdvice

    hire from within, you look outside for talent but that is not always the right answer.

    Recommends
    Approves of CEO
  10. 6 people found this helpful  

    An OK place to work

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

    I worked at Morningstar full-time for less than a year

    Pros

    - Office environment
    - Overall laid-back culture and work-life balance

    Cons

    - the work nature was boring, of course it varies by team
    - the company doesn't value each individual employee especially for the entry level. You get a feeling that they will be just as fine with or without you
    - If you want to really learn and grow and challenge yourself, this is not a place for you
    - HR team not friendly and helpful
    - Overall culture is dull

    Advice to ManagementAdvice

    Think about the high turn over ratio among entry level employees. People don't stay for a reason. The lack of personal care given to the employees, work itself, career progression prospective, overall culture..all play in. Feeling valued and making impacts are what keeps people loyal and sticking with the company. Losing talents, maybe not as visible, are real big costs to the company.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  11. 1 person found this helpful  

    Not too shabby

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

    I have been working at Morningstar full-time

    Pros

    Sabbatical available, good environment, unlimited vacation

    Cons

    Corporate, no consistency across groups and no relationships in different groups in different cities

    Advice to ManagementAdvice

    Don't ask what the goals should be when they're already set by upper mgmnt. Hire more people

    Recommends
    Positive Outlook
    Approves of CEO

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