Morningstar

  www.morningstar.com
Work in HR? Unlock Free Profile

Morningstar Reviews

Updated Jul 25, 2014
All Employees Current Employees Only

3.4 271 reviews

88% Approve of the CEO

Morningstar Chairman and CEO Joe Mansueto

Joe Mansueto

(198 ratings)

68% of employees recommend this company to a friend

Review Highlights

Pros
  • Full of friendly co-workers, allows great work-life balance (in 50 reviews)

  • Good and flexible working hours (in 16 reviews)


Cons
  • High staff turnover at all levels including senior management (in 12 reviews)

  • Very low pay (as an analyst) compared to other companies in the financial industry (in 11 reviews)

More Highlights
271 Employee Reviews
Relevance Date Rating
in
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    8 people found this helpful  

    Extemely low pay for developers

    Database Administrator (Former Employee) Chicago, IL

    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

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    1 person found this helpful  

    You will find a home here

    Manager, Software Development (Current Employee) Chicago, IL

    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

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    5 people found this helpful  

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

    Anonymous Employee (Former Employee)

    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

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    1 person found this helpful  

    data analysis intern

    Data Intern (Former Employee) Brooklyn, NY

    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

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    1 person found this helpful  

    Good training ground. Lots of opportunities to grow

    Anonymous Employee (Former Employee)

    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

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    4 people found this helpful  

    Nice work place for Project Manager not developers.

    Senior Developer (Current Employee) Chicago, IL

    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

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    1 person found this helpful  

    Great Work Environment

    Operations Analyst (Current Employee) Chicago, IL

    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

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    13 people found this helpful  

    Morale at all-time low

    Product Manager (Former Employee) Chicago, IL

    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

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    1 person found this helpful  

    A great company with great people

    Anonymous Employee (Current Employee) Chicago, IL

    ProsMorningstar provides flexibility, independent minded culture, with bright and eager professionals. Morningstar makes way for many different styles of work with a supportive atmosphere. Benefits of a large company include educational stipends.

    ConsCareer monitoring and development is tasked to the individual and their manager, and as a young company, non-upper managers tend toward very green. Formerly diversified and now reshuffled business units along with recent acquisitions create some organizational friction.

    Advice to Senior ManagementSeek out new ways to motivate talent and investment in bigger opportunities

    Yes, I would recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    3 people found this helpful  

    Casual work environment with casual employee compensation.

    Product Associate (Current Employee) Chicago, IL

    ProsDressed down and informal. Work was pretty simple. Office attempted to be a friendly and collegial place.

    ConsStultifying work trapped in a forest of cubicles. It's a typical large corporate environment, and some, such as myself, can't stand it.

    Advice to Senior ManagementKeep doing what you're doing; at least you're better than most of the others.

    No, I would not recommend this company to a friend

Worked for Morningstar? Contribute to the Community!

Your response will be removed from the review – this cannot be undone.