Morningstar
3.4 of 5 247 reviews
www.morningstar.com Chicago, IL 1000 to 5000 Employees

Morningstar Reviews

Updated Apr 14, 2014
All Employees Current Employees Only

3.4 247 reviews

                             

89% Approve of the CEO

Morningstar Chairman and CEO Joe Mansueto

Joe Mansueto

(183 ratings)

69% of employees recommend this company to a friend
247 Employee Reviews
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Review Highlights

Pros:
  • "Full of friendly co-workers, allows great work-life balance"
    in 47 reviews
  • "Flexible working hours, pantry food, education stipend for your exams though limited, nice office with comfortable meeting room and phone booth"
    in 15 reviews
Cons:
  • "Very low pay (as an analyst) compared to other companies in the financial industry"
    in 15 reviews
  • "High staff turnover at all levels including senior management"
    in 12 reviews
  • Show more review highlights

Reviews

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1 person found this helpful  

Great Place To Start

Anonymous Employee (Current Employee)
Chicago, IL

I have been working at Morningstar full-time for more than a year

ProsWork environment, training, culture, freedom

ConsPay, compensation, bonus structure, promotions

Advice to Senior ManagementTo keep longer term people, we need to be compensated appropriately.

Yes, I would recommend this company to a friend

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2 people found this helpful  

Great place to get hired elsewhere.

Equity Analyst (Current Employee)
Chicago, IL

I have been working at Morningstar full-time for more than a year

ProsGreat work-life balance, as you do the job you can work from home, and take almost as much vacation time as you like. Senior management is very inspirational. Brand name of Morningstar is well-known, so it's easy to get hired elsewhere.

ConsThe pay is low, so the best people leave for other firms. Middle-management is terrible, and is decided by who can stay at Morningstar the longest. A special circle of hell is reserved for HR, which acts as a disciplinarian for passive aggressive managers.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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6 people found this helpful  

Extemely low pay for developers

Database Administrator (Former Employee)
Chicago, IL

I worked at Morningstar full-time

ProsGreat senior leadership, good company, industry name recognition, free sodas and coffee

ConsThey outsource most of their software development and support to China to save money, making it difficult to communicate and collaborate. There are some sharp coworkers in the China office to be sure, but there's a lot of low quality cheap labor there too. Morningstar is extremely frugal on the salary front. Pay is very poor. A few years back they did a salary survey, but rigged the thing from the start by considering themselves a "publishing" company to get placed up against book publishers and magazines rather than the financial companies out there who pay much better. Morningstar would have you believe they're closer to Random House than Goldman Sachs.

Advice to Senior ManagementYou get what you pay for. All the Booth MBA's in the world won't make up for half rate developers on the other side of the world. As the company continues to grow, web presence in particular, the cracks will increase and be harder to hide.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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3 people found this helpful  

Great place to pick up new skills, but don't stay too long

Anonymous Employee (Former Employee)

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

ProsGreat people
"Open" culture
Unlimited vacation policy
Laid back

ConsStagnant
Compensation does not match up to the market
Confused senior leadership
Sugarcoating serious problems underlying the company

No, I would not recommend this company to a friend

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Good training ground. Lots of opportunities to grow

Anonymous Employee (Former Employee)

I worked at Morningstar full-time

ProsGood environment to work . People are approachable and make you comfortable. Plenty of room to grow and loads of opportunities. Loved to work here!

ConsSalary is not too good. Could do better on that front. Competitive salary with industry peers could stem good talent from leaving.

Yes, I would recommend this company to a friend

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You will find a home here

Manager, Software Development (Current Employee)
Chicago, IL

I have been working at Morningstar full-time for more than 10 years

ProsGreat people
Great atmosphere
Amazing work life balance

ConsMorningstar is going to major org changes that can turn out either way.

Advice to Senior ManagementRemember what worked the past and what got to to where you are today. All companies have to grow and change, but don't lose the entrepreneurial spirit.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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data analysis intern

Data Intern (Former Employee)
Brooklyn, NY

I worked at Morningstar as an intern for less than a year

ProsI learned methodologies to calculate the shares excluding the the options and other dilutive warrants.

ConsThe data work is repetitive and learning curve is not sharp.

Advice to Senior ManagementTry to assign the data analyst on different teams and then choose the favorite one.

No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

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3 people found this helpful  

Nice work place for Project Manager not developers.

Senior Developer (Current Employee)
Chicago, IL

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

ProsNice work place for Project Manager, they can decide any unrealizable schedule and not care developers' substation.

Conswould rather not to say here.

No, I would not recommend this company to a friend

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12 people found this helpful  

Morale at all-time low

Product Manager (Former Employee)
Chicago, IL

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

Pros- Generous vacation policy
- Lots of employment mobility within the company
- BCBS health insurance
- Generally friendly people

ConsMorningstar is plagued with a multitude of issues right now. The company just went through a sales and internal reorg, and the aftermath is just a lot of confusion and frustration. Intra-team collaboration has basically disappeared, clients are confused about the new support structure, and development has come to a screeching halt. A key technology initiative that consumed much of the company's resources over the past 2 years all but flopped recently. Morale is at an all-time low. This is evidenced by the fact that the company used to make every "Best Employer" list, and received very few workplace accolades in 2013.

The company's compensation package is so unmotivating and flawed. Top performers in revenue-driving groups can expect to receive 2-4% pay raises. The attrition rate for recent college grads is incredibly high because the starting pay is far below market, there are so many hurdles that you have to clear to move out of your starting position, and subsequent positions have job descriptions that are not clear.

Advice to Senior ManagementIncentivize your employees to perform, let go of senior managers that literally do very little work, and inject some enthusiasm into the company!

Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company

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Great Work Environment

Operations Analyst (Current Employee)
Chicago, IL

I have been working at Morningstar full-time for more than a year

ProsFull of friendly co-workers, allows great work-life balance. Promotes from within and gives preference to internal over external candidates. Good benefits.

ConsCompensation below industry average, lack of aggressive stance for future growth. Personally I feel people are only in the office to get the job done and nothing more.

Advice to Senior Managementpromote a more competitive environment

Yes, I would recommend this company to a friend

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Glassdoor is your free inside look at Morningstar reviews and ratings — including employee satisfaction and approval rating for Morningstar CEO Joe Mansueto. All 247 reviews posted anonymously by Morningstar employees.