Morningstar Reviews

Updated September 2, 2015
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Morningstar Chairman and CEO Joe Mansueto
Joe Mansueto
238 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

352 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 - Product Training and Documentation
    Current Employee - Product Training and Documentation
    Recommends
    Approves of CEO

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

    Pros

    great benefits. work life balance is great. unlimited vacation days. 6 weeks paid sabbatical every four years. various other health and fitness programs to improve quality of life.

    Cons

    very corporate structure. lots of checks and balances to get anything done.


  2. Helpful (1)

    Morningstar Intern Review

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great company to work at. Flat culture and collaborative atmosphere. Making moves to be a player in equity research. Very ethical.

    Cons

    Slow-paced culture. Didn't really feel a sense of urgency, but I suppose that's to be expected in a research-driven company.

    Advice to Management

    Be sure to balance all lines of business.


  3. Helpful (1)

    Good place to intern

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Gained a lot of experience

    Cons

    Not a young environment, most people have been working for 10+ years


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  5. Helpful (1)

    Great place

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

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

    Pros

    Great environment, fantastic coworkers, flexible work/life balance policies, enjoyable work. The mission is tough to beat within finance.

    Cons

    The pay is likely not the highest you'll find in the finance industry. Bagels are bad for you.


  6. Helpful (4)

    Not what it is made out to be

    • 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
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Casual dress and work life balance. Company seems to care about it's employees. Great location in Chicago and near red line stop

    Cons

    Pay is very low Very slow paced environment The MDP Program lacks any real guidance Everyone is young in the organization because there is a lot of turnover

    Advice to Management

    Need to pay employees more


  7. Helpful (1)

    Stimulating

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Smart people. Fast pace, innovation for real. Company takes great care to hire great people that are great to work with. CEO is also the founder and cares about the long view and is rational in decision making. Company sincerely cares about the employee experience. Uses the word "family" a lot, which is not as common these days.

    Cons

    Prioritization to help focus limited resources. I have to write at least 20 words but this one suggestion can have far reaching benefit.

    Advice to Management

    Help the employees help you be successful by making good choices on best value add work. People will feel like they are accomplishing more, and you will get more value in the long run.


  8. Helpful (7)

    Not what I expected.

    • 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
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

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

    Pros

    Truly a laid back culture. You can dress however you'd like (unless you're meeting clients). You're given the freedom to take up projects, meet whoever you'd like (senior management is very friendly and welcoming). The people are very, very smart and Chicago is great. Good general business experience Great products.

    Cons

    First role is veeeeeeeeery entry level. You're either placed in their call center as client service support for their products, or you're cleaning up data as a data analyst. It's very rare to get hired as a research associate and EVERYONE is trying to get those jobs internally. It can be surprisingly disorganized. All the pros of meeting whoever you'd like, or attending any training sessions, go right out the window if you're in client service. Then you're on the phones from 8-5pm with a 1 hour break in between. If you want to meet someone or take advantage of a class, it better be on that. Management in certain departments are reluctant to hire MDPs because they'll rotate away, so they are hesitant to invest. Training doesn't exist. It's a "figure it out" type company. Technology MDPs make almost 30K more than non-tech MDPs. (Yes, tech MDPs make 75K). The company is very, very, VERY cheap. Food runs out at the "patio parties". Bagel Day is the only free food you'll get. And they don't freakin pay you! Don't be surprised when they only want to give you $500 relocation. The technology we get to work with is terrible.


  9. 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
    Recommends
    Positive Outlook
    Approves of CEO

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

    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.


  10. Helpful (5)

    Grossly Underpaid

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

    Pros

    Work-life balance, work from home, nice co-workers.

    Cons

    How this place continues to staff IT/design folks with the salaries they pay is beyond me. The company is finally realizing the need for user experience and interaction designers, but not to the point that they are willing to be even close to competitive with salary. Either Morningstar, or the people taking these jobs, is oblivious to what UX salaries are elsewhere in Chicago.

    Advice to Management

    It's good you're finally realizing the need for UX designers, but do some research and pay more, and the industry will start taking you seriously.


  11. Helpful (3)

    Miserable place to work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in Chicago, IL
    Former Employee - Analyst in Chicago, IL
    Doesn't Recommend
    No opinion of CEO

    I worked at Morningstar full-time (More than 5 years)

    Pros

    There is a nice cafeteria and free drinks. Bagels on Wednesday are good for the non carb-conscious.

    Cons

    Long work hours. Poor compensation. Managers who have no experience in business except for Morningstar. The company is a case of passive-aggressive personality disorder on a corporate scale. The best way to work here is by always managing upward (while ignoring your nominal duties), coming up with great, creative ideas that are impossible to implement, then giving the job of implementation to someone else, becoming Joe M's personal friend so you can have a C-level position in a field for which you have no training. By the way, don't believe the HR story about flexible leave policies. Yes, you can technically take as much vacation as you like; no one does. The people I know who still work there work very hard and suffer under severe pressure to produce while not receiving the resources necessary to produce quality work. Not having a vacation policy combined with strong social pressure means that you will likely not take much time off. The company has found very effective ways of exploiting white collar workers.

    Advice to Management

    Keep doing what you're doing. Seems to be working for you. As for me, I'm glad to be somewhere else now.



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