Morningstar Reviews

Updated July 29, 2015
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Morningstar Chairman and CEO Joe Mansueto
Joe Mansueto
237 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

345 Employee Reviews

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  1. 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

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

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

    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.


  2. 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

    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

    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.


  3. 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

    I have been working at Morningstar full-time

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    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.


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  5. Helpful (4)

    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

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

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

    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


  6. Helpful (3)

    Used to be a great place to work....

    • 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 (More than 5 years)

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    People are generally very nice. Flexible working hours, no dress code, company emphasis on work life balance. Also you get a 6 week sabbatical after 4 years' service.

    Cons

    Very LOW compensation. Frequent re-org and (never-achieved) bonus target hurt employee's morale. Bureaucracy slow down the pace that wears down employee's ambition. Company gets into mature stage so there are few career advancement opportunities.

    Advice to Management

    Create some incentives for your employees. Only bagels is far from enough....


  7. Helpful (1)

    Good Place to work

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

    I have been working at Morningstar

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

    Pros

    vacation, leave, work ethic of people

    Cons

    Comp is generaly lower then other places in area.


  8. Helpful (2)

    Not Great Anymore

    • 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

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

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    Pros

    Casual dress and open floor layout Bagel days are nice until you hear about all of your friends getting lunch brought everyday

    Cons

    Pay is very low and pay increases are small Very little room for advancement The people who work there are not people who truly love Finance Slow paced environment

    Advice to Management

    N


  9. Helpful (2)

    Client Solutions Consultant

    • 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 work hours - unlimited vacation

    Cons

    - people tend to have worked at Morningstar for entire professional career - employees are not very motivated - very little salary increase/bonus


  10. Helpful (1)

    Commodity data analyst

    • 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 full-time

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

    Pros

    Good work life balance. Unlimited vacation. Very relaxed atmosphere. Free snacks in the kitchen. Good people to work with and good management

    Cons

    They pay slightly below competitors. Little growth opportunity.


  11. Helpful (2)

    Long hours, low pay

    • 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

    Bagels on Wednesdays Modern downtown office building

    Cons

    Very long hours Low pay No pay raises Reduced bonus structure Very difficult for career progression

    Advice to Management

    Reorganize



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