Morningstar

www.morningstar.com

Morningstar Reviews

Updated January 28, 2015
Updated January 28, 2015
308 Reviews
3.3
308 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Morningstar Chairman and CEO Joe Mansueto
Joe Mansueto
217 Ratings

Review Highlights

Pros
  • Great work/life balance as most people work no more than 45-50 hours per week and casual dress code (in 61 reviews)

  • The work environment is terrific: very collaborative, with a lot of smart people employed there (in 35 reviews)


Cons
  • High staff turnover at all levels including senior management (in 14 reviews)

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

More Highlights

Employee Reviews

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  1. 2 people found this helpful  

    Good place to transition in if you're just out of college but hard for experienced professionals to develop new skillset

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

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

    Pros

    Great transition for college grads as it has no dress codes, adult beverages are a stable for all sort of celebration events in or off office permises. No vacation policy.

    Cons

    Around the clock work hours if you're in a team with oversea support members, so work life balance can be challenge if you care about the quality of your work. Leadership vision seems to be short sighted as changes or re-org take place in two-year cycle. No vacation policy. It makes harder for others in the same team when some individuals are abuse the no vacation policy.

    Advice to ManagementAdvice

    Build stronger leadership teams, establish long term visions for success and be fair at compensation and bonus rewards. Consider replace the no vacation policy with 4 weeks vacation policy for example..

    No opinion of CEO
  2. 6 people found this helpful  

    It was once a great company to work for with fun and diverse co-workers but has since become more and more corporate.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

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

    Pros

    Good benefits, perks, and work life balance. Summer hours. The office is modern and in a great location.

    Cons

    Management has good intentions but usually fail to deliver. Too focused on the bottom line and the layers of bureaucracy are increasing all the time.

    Advice to ManagementAdvice

    Compensate your employees better.

    Recommends
    Neutral Outlook
    Approves of CEO
  3. 24 people found this helpful  

    Gradually Derailing

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

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

    Pros

    Summer hours, out-performing is easy, limited hours each week, work life balance, nice every-day perks.

    Our company has always been a gem in the investment industry for its limited hours and relaxed environment which are still consistently present at the company. Expect to work less than 45 hour weeks typically and enjoy the free soft drinks, tea and coffee (and bagels on Wednesdays). I think generally speaking, our managers mean well and do care about their employee's wellness.

    Cons

    Compensation packages, limited upward mobility, strategy inconsistency, regular corporate missteps, increasingly opaque.

    Over time, Morningstar is losing touch with its employee base. Many coworkers sit with hardly anything to do, and yet our headcount is exploding YoY. Projects regularly stall without adequate developers (or developers that are required to actually work at work) and during vacation season, people lose all sense of delivering what's necessary to our clients in a timely fashion.

    Simmering resent is perhaps as widespread as it's ever been during my tenure with the company - at face value everybody is happy, but when you talk to anybody over details, people are truly miserable. Limited hours sounds great, but this slack in employee time results in employees feeling underutilized and underappreciated. Add to this substantially sub-par pay packages and our hard working, innovative and bright employees are the ones leaving the firm. Often the long-term employees here are either high ranking and loaded with stock (very smart as well) or they're manipulators of the system who feel free to take 4-6 weeks of vacation a year and move slowly at best when they're on the job. A note for the ambitious, you will be utterly disappointed here.

    A specific note for future MDPs (Morningstar Development Program candidates), expect no negotiation salaries, dictated position changes, no pay increases with promotions, and annual raises that trail inflation.

    Advice to ManagementAdvice

    Take your own advice regarding organic growth and stop the frothy M&A, create room for employees to grow vertically, pay attention to your employees that want more work and reward them.

    Joe, please take your own advice and select gritty candidates - not employees who are collecting a paycheck for 35 hours a week.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5.  

    Good culture company, but some drawbacks...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Morningstar

    Pros

    work and life balance, health benefit is great

    Cons

    salary is too low in the industry for the same position.

  6. 2 people found this helpful  

    Good company overall

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

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

    Pros

    Very entrepreneurial, very good work culture and company values. Lots of opprtunity to move around the company to gain varied experience.

    Cons

    Can be a little too insular. With so many small teams, lots of duplication of efforts, not as efficient as it could be.

    Recommends
    Positive Outlook
    Approves of CEO
  7. 1 person found this helpful  

    Great experience, nice people to work with

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

    I worked at Morningstar full-time (more than 3 years)

    Pros

    the people here are great and the culture is very laid back, unlike any other company I have worked for. I love the vacation policy and it is nice to know the company wants you to come to work, do your work, and then go home and have a life. there is no required face time, nor did I ever feel like I needed to stay longer than what my work too in order to be there

    Cons

    hard career progression, there are so issues with moving up in this company

    Advice to ManagementAdvice

    hire from within, you look outside for talent but that is not always the right answer.

    Recommends
    Approves of CEO
  8. 7 people found this helpful  

    An OK place to work

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

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

    Pros

    - Office environment
    - Overall laid-back culture and work-life balance

    Cons

    - the work nature was boring, of course it varies by team
    - the company doesn't value each individual employee especially for the entry level. You get a feeling that they will be just as fine with or without you
    - If you want to really learn and grow and challenge yourself, this is not a place for you
    - HR team not friendly and helpful
    - Overall culture is dull

    Advice to ManagementAdvice

    Think about the high turn over ratio among entry level employees. People don't stay for a reason. The lack of personal care given to the employees, work itself, career progression prospective, overall culture..all play in. Feeling valued and making impacts are what keeps people loyal and sticking with the company. Losing talents, maybe not as visible, are real big costs to the company.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  9. 1 person found this helpful  

    Not too shabby

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Morningstar full-time

    Pros

    Sabbatical available, good environment, unlimited vacation

    Cons

    Corporate, no consistency across groups and no relationships in different groups in different cities

    Advice to ManagementAdvice

    Don't ask what the goals should be when they're already set by upper mgmnt. Hire more people

    Recommends
    Positive Outlook
    Approves of CEO
  10. 12 people found this helpful  

    Great Insurance, Good Bagels, Poor Middle Management

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

    I worked at Morningstar full-time (more than 3 years)

    Pros

    Insurance - Bagel Day - Summer Hours

    Cons

    Terribly poor, under qualified middle management. Lack of oversight. No one is ever on the same page in terms of project intent, and deadlines. Way too many managers watching YouTube. They work young developers, programers, and designers to the bone with no recognition for their hard work. I have worked several times overnight due to the manager’s constant nagging on finishing the project only to find out there was no set deadline whatsoever. No apology from the manager, just an "oops!".

    Advice to ManagementAdvice

    Check on the qualifications of your middle management. They spend too much time on either YouTube, Zappos, or J.Crew websites.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  11. 5 people found this helpful  

    Great work-life balance

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Project Manager in Chicago, IL
    Current Employee - Project Manager in Chicago, IL

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

    Pros

    People are very nice, the organization is flat. It's easy to ask for time off. Nice office, free bagel breakfast on Wed.

    Cons

    The pay is under industry average. And most of the jobs are very boring, lack of challenges. If you are an ambitious person, don't go there.

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