Morningstar Reviews

Updated July 28, 2015
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3.5
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Approve of CEO
Morningstar Chairman and CEO Joe Mansueto
Joe Mansueto
235 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

344 Employee Reviews

Sort: Popular Rating Date
  1. Awesome company, great benefits and people, creative atmosphere.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in Chicago, IL
    Current Employee - Analyst in Chicago, IL

    I have been working at Morningstar

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    Flexible schedule, many smart, helpful individuals to help with issues and questions. Company is experiencing large growth and sustained success.

    Cons

    As mentioned, some IT can be improved.

    Advice to Management

    (None to speak of.)


  2. Helpful (1)

    Great benefits, great culture.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Product Consultant in Chicago, IL
    Current Employee - Product Consultant in Chicago, IL

    I have been working at Morningstar

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    The people: Morningstar employees are friendly, intelligent, and passionate about the company. They are open to hiring new grads from a variey of majors, so the mix of people is varied, and you can learn about investing no matter what you studied in college, as long as you demonstrate ability, and a strong interest in investing. The benefits are great, and there is a lot of opportunity for growth as long as you take some initiative.

    Cons

    Low pay, people think that you work at the vegetarian food company.

    Advice to Management

    Good job.


  3. A unique and innovative cultural within the financial services industry.

    • Work/Life Balance
    • 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

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    Laid back culture, friendly people, accessible management, equitable organizational structure. The company has a great 401k match program and great benefits, including education and medical. Managers is always willing to help and people are generally approachable and friendly. Great perks like "bagel day" and free water and soda everyday. Truly a leader and innovator in company culture.

    Cons

    The work associated with some entry level positions may seem tedious to some people, depending upon personality. After a couple years of experience, however, the company is usually very open to promotions and other avenues of advancement or transition.

    Advice to Management

    Keep up the good job. We are growing in a down market and terrible financial services market, and that's something I'm very proud of.


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  5. Helpful (2)

    Good place to work, if you value leisure time

    • Work/Life Balance
    • 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

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    1) Short hours 2) Good, comprehensive benefits 3) Funny, interesting people 4) An excellent vacation policy ("take as much as you want" officially, but unofficially four weeks)

    Cons

    Some managers are not mindful of the implicit trade-off of Morningstar's compensation scheme: lower pay for leisure time. If you have a slave-driving manager, Morningstar's leisure-time advantage is nil; you might as well just quit.

    Advice to Management

    Make an effort to rein in the (rare) slave-driving managers. They destroy morale and increase turnover.


  6. Morningstar

    • Work/Life Balance
    • 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

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    I think most employees at Morningstar would agree that the some of the best reasons to work here are the People, Culture, Benefits, and the growth of knowledge one receives from the company.

    Cons

    Morningstar is a big company so it can be tough to move up the ladder and advance your career/ move forward.

    Advice to Management

    None


  7. Great overall environment

    • Work/Life Balance
    • 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

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    Flat hierarchy, no work uniform, come and go as you please

    Cons

    pay is low compared to other companies in the field


  8. Fun and interesting

    • Work/Life Balance
    • 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

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    Great people and great office.

    Cons

    There is a bit of bureaucracy.

    Advice to Management

    None


  9. Great Place to Work

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

    I worked at Morningstar

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    Fun, exciting, challenging, smart people to work with

    Cons

    I have no cons to report.


  10. Helpful (1)

    Family before Work

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Austin, TX
    Current Employee - Anonymous Employee in Austin, TX

    I have been working at Morningstar

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    Management is very understanding for time off, very open communication between all levels, managers are very approachable

    Cons

    Compensation (bonuses and RSUs) are a bit lower than ideal

    Advice to Management

    Try to get even more input from all employees with decision making.


  11. Helpful (4)

    Opportunity to develop your own career path

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Equity Analyst in Chicago, IL
    Current Employee - Equity Analyst in Chicago, IL

    I have been working at Morningstar

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    Very flexible work environment, including reasonable hours and occasional ability to work from home. Great benefits including 6 week paid sabbatical every four years. Great people, very friendly, open environment. Management open to feedback. Ability to be entrepreneurial and develop your own career path.

    Cons

    Compensation is low for finance industry and equity research in particular, but this is offset by reasonable hours and other flexibility. Equity research business is young and is still building reputation particularly among institutional audience.

    Advice to Management

    Foster long-term retention of analysts through competitive compensation and other perks. Reward analysts who stay with the company and continue to perform. Too much turnover is highly disruptive to our growth and establishing our reputation in the business.



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