Pros

-Casual dress code
-great 401K & health benefits
-flexible work hours
-ability to take a day off when needed
-friendly people

Cons

-Under paid & over worked, which is why they have such a young workforce they can pay whatever they feel.
-You quickly realize that it's a job not a career
-No career development whatsoever, short of someone leaving it is difficult to move up
-You can remain in the same position for years and your salary will be the same
-Laid back attitude manages to permeate it's way into everything including everyday processes making it difficult to get things done and putting client needs at risk
-Wasteful spending on things the company does not need and as a result the workforce suffers

Advice to Senior Management

The first thing Morningstar can do is to respect people and what they bring to the table. And the best way to do that is with a consistent raise every year - assuming a good review. That way employees feel that the long hours and hard work they have been doing means something. Furthermore, allow employees to be curious and foster an environment where employees can harness that curiosity to learn new skills and build a strong career. Lastly, stop wasting money on superfluous things like summer parties and chandeliers that cost 50K - because that is money that can be spent to build employee loyalty.