Morningstar Reviews

Updated June 29, 2015
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3.4
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Morningstar Chairman and CEO Joe Mansueto
Joe Mansueto
229 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

334 Employee Reviews

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  1. Helpful (1)

    Flexibility

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Team Lead in Oakland, MD
    Current Employee - Team Lead in Oakland, MD

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

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Unlimited vacation. Great work/life balance. Show ability and be rewarded. Salary increases have improved. Constantly changing work environment. Always new challenges.

    Cons

    Disconnect with other teams in other countries. Some bad hiring decisions in the past. Some dislike the constant change and growth.

    Advice to Management

    Listen to your technical leaders. They can lead just as well as others. Start to explore other revenue areas for the Oakland Office.


  2. Helpful (2)

    developer

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

    I have been working at Morningstar

    Pros

    flexible working time depends on you title and your manager.

    Cons

    low salary, a lot of high position managers bring their own people from outside .


  3. Helpful (3)

    Over a decade here

    • 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

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

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    very informal atmosphere and great culture for carving your own path

    Cons

    does not pay well when you have major jumps in roles

    Advice to Management

    enable and empower people to do what they are good at and not stifle. also pay more with national averages.


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  5. Helpful (4)

    Marketing

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

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

    Pros

    Great people to work with who truly care about what they do and want to see it succeed. Most people are more than happy to collaborate on projects for results. Flexible schedule, summer hours and they strive for a good work culture.

    Cons

    New structure has created layers that do not empower people. Some people take advantage of vacation policy. Pay is low and technology is very behind industry. Lack of growth opportunities. No attempt to hire or encourage internal applications.

    Advice to Management

    Invest in really training employees on tools to empower them. Encourage employees to think outside box and take risk to try something new. Rely too heavily on company name and have not innovated new ways to do things.


  6. Helpful (6)

    Great for College Graduates

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

    I worked at Morningstar full-time (More than 8 years)

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    - Mostly friendly culture
    - Smart employees
    - Good work/life balance
    - Good business ethics
    - Nice office space

    Cons

    - Lack of senior leadership direction.
    - Company transitioning from a growth company to a stable value company. Will not invest in business lines until after there is some sort of external monetary commitment for service offering. Creates a situation where Morningstar is late to enter any new development in the industry.
    - Company reorgs at least annually, usually at the expense of almost all employees. Has created a culture of resentment and low morale. Culture used to be collaborative, happy, and energetic. Far different now due to ongoing change and lack of direction and communication.
    - Low Pay compared to other firms in the industry. You will make roughly 60-70% what you could make doing the same job within a different firm.
    - HR is ineffective. Very disorganized, no clear direction, and constantly trying to make things better but are really ineffective at doing anything of any significance. Group continues to grow larger and larger.
    - Company has restructured at the expense of good performing employees to pay everyone roughly the same. Took a socialist approach to bonuses and thus, will eventually push out the high performers and attract low performers to stay. Additionally, bonuses never get paid in full no matter what due to unattainable goals.
    - Hired a compensation HR rep that has no idea what motivates and attracts employees. Compensation has changed annually all three years since this rep took control. Impossible to forecast earnings.


  7. Helpful (1)

    Senior developer

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

    I have been working at Morningstar full-time (More than 8 years)

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    good communication ........

    Cons

    less challenge.....Are you a current or former employee?

    Advice to Management

    ..................


  8. Helpful (2)

    Good name, low salaries

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

    I worked at Morningstar (More than 3 years)

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Competitive benefits, modern work environment

    Cons

    Long hours and low pay. No change for advancement.

    Advice to Management

    Reorganize and remove the 'separate companies' structure. It doesn't work and only stifles collaboration.


  9. Helpful (8)

    Joe is always one of the greatest personality to work for, even when the company could have lost its way at the time

    • Work/Life Balance
    • Comp & Benefits
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Morningstar

    Pros

    Sabbatical and flexible working schedules, if one's manager chains honor it.

    Payment is not bad at all especially in consideration of local economy, everyone's accomplishment and real "productive" workload. The senior executives and sales, account managers can make a lot even in bad years, easily dwarfing what the others like developers or IT staffs can aspire on the first line. Taking the annual bonus expense from 10-K and divide by these groups one can easily figure out.

    Bagels Wednesday etc.

    Lastly and most importantly, Joe is always one of the greatest personality to work for.

    Cons

    Dysfunctional internal politics at the time I left. Smart people, particularly newly minted senior managers, are not shy about boasting all the benefits and opportunities they enjoy with little real products or productivity to deliver. The morale was rather low so there were an exodus of good people during the period.

    Advice to Management

    It was one of the best company to work in Chicago. But by the time the company hired consultant to aggressively "make to" all the tens of best companies ranking finalists, something was clearly wrong. Morale were low and under-table infighting were ferocious. Don't even mention about blatant witch-hunting and favoritism. It was classic principal–agent problem. Hopefully Morningstar already found its root and value back.


  10. Helpful (2)

    Great people to work with

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Morningstar

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Provide good opportunities to grow career wise

    Cons

    Not as transparent as they claim to be


  11. Helpful (10)

    Used to be a good place to work.

    • 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

    I have been working at Morningstar full-time (More than 8 years)

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    Pros

    Work-life balance, sabbatical, office space, party, benefits, casual dress code...actually, lots of this kind of pros. It is highly recommended to a new hand - much less pressure, while still have rooms to learn and grow - if you want.

    Cons

    Take your time to read the cons from the reviews chain. I was proud of being a member of a great family, but now I am sad to say that it lost. Lower and lower employee morale makes it harder and harder to turn back to be a good company.



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