Morningstar Reviews

Updated October 27, 2014
Updated October 27, 2014
294 Reviews
3.4
294 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Morningstar Chairman and CEO Joe Mansueto
Joe Mansueto
212 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 60 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

Sort: Popular Rating Date
  1. 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
  2. 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.

  3.  

    Project Manager

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

    I worked at Morningstar full-time

    Pros

    It is a best work place in Chicago. good balance of life and work.

    Cons

    The office is very nice. In the loop of Chicago. Offer free soft drink. Have many party.

    Recommends
    Neutral Outlook
    Approves of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. 5 people found this helpful  

    great work/life balance; compensation is low and inconsistent

    • 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

    good work/life balance, benefits, training, volunteer opportunities
    engaged employees

    Cons

    Managers instead appears to over-prioritize its method (its pillars) and its growth push far more than its employees.

    Growth opportunities are limited for analysts who do not want to go into people-management roles. This results in employees jumping ship entirely at times.

    Advice to ManagementAdvice

    Invest in your employees by raising compensation to market levels. Higher retention levels will save on training and recruiting. More reasonable comp will also allow employees feel they are fairly valued.

  6. 2 people found this helpful  

    Great work place, which doesn't like edge technology

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

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

    Pros

    Not much pressure, Nice people

    Cons

    too much managers, ignores developers' work

    Advice to ManagementAdvice

    please hire more developers

  7. 3 people found this helpful  

    Good culture, light comp

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

    I have been working at Morningstar full-time (more than an year)

    Pros

    culture, people, lifestyle, company values, benefits

    Cons

    lack of upward mobility, pay, communication

    Recommends
    Neutral Outlook
    Approves of CEO
  8. 8 people found this helpful  

    Terrible

    • 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 as a contractor

    Pros

    very bad place to work. gosip, backstabbing, art and music instead of financial background

    Cons

    Terrible: outdated, underpaid, overworked, under producing bunch of people

    Advice to ManagementAdvice

    terrible

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9. 4 people found this helpful  

    Good company, not great for tech career

    Former Employee - Software Developer in Chicago, IL
    Former Employee - Software Developer in Chicago, IL

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

    Pros

    The company has a fun, young culture and the people are above average in their passion and talent.

    Cons

    The technology teams in general err on the side of mediocre and stand-outs who a really passionate about tech are few and far between.

  10. 6 people found this helpful  

    Not as great as they say

    • 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 an year)

    Pros

    They really try to sell you on the culture and the extra benefits at Morningstar - parties, flexible hours and vacation, casual environment.

    Cons

    Compensation, rotation/advancement opportunities, and candor from management are lackluster at best.

    Advice to ManagementAdvice

    If you really want to be a great place to work, listen to and appreciate your employees.

    Recommends
    Neutral Outlook
    Approves of CEO
  11. 7 people found this helpful  

    Dealing with sweeping changes, lacking in policy and process

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

    I have been working at Morningstar full-time (more than an year)

    Pros

    Great brand, flexible hours and mid West culture of niceness all around. Smart colleagues and a can do attitude contributes to success

    Cons

    Never ending org changes exhausting. Infrastructure and policy enhancements needed, and high employee turnover at all levels. Middle management is ineffective and disincentivized, multitude of tech and IT issues, and ineffective senior sales management leadership.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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