Morningstar

  www.morningstar.com
  www.morningstar.com

Morningstar Reviews

Updated December 11, 2014
Updated December 11, 2014
301 Reviews
3.3
301 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Morningstar Chairman and CEO Joe Mansueto
Joe Mansueto
213 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

Sort: Popular Rating Date
  1. 2 people found this helpful  

    You will find a home here

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

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

    Pros

    Great people
    Great atmosphere
    Amazing work life balance

    Cons

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

    Advice to ManagementAdvice

    Remember 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.

    Recommends
    Positive Outlook
    Approves of CEO
  2. 1 person found this helpful  

    Good training ground. Lots of opportunities to grow

    • 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

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

    Cons

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

    Recommends
    Neutral Outlook
    Approves of CEO
  3. 5 people found this helpful  

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

    • 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 (more than 3 years)

    Pros

    Great people
    "Open" culture
    Unlimited vacation policy
    Laid back

    Cons

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

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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  5. 4 people found this helpful  

    Nice work place for Project Manager not developers.

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

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

    Pros

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

    Cons

    would rather not to say here.

    Doesn't Recommend
    Disapproves of CEO
  6. 1 person found this helpful  

    data analysis intern

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Data Intern in Brooklyn, NY
    Former Employee - Data Intern in Brooklyn, NY

    I worked at Morningstar as an intern (less than an year)

    Pros

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

    Cons

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

    Advice to ManagementAdvice

    Try to assign the data analyst on different teams and then choose the favorite one.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  7. 14 people found this helpful  

    Morale at all-time low

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

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

    Pros

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

    Cons

    Morningstar 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 ManagementAdvice

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

    Recommends
    Negative Outlook
    Disapproves of CEO
  8. 1 person found this helpful  

    Great Work Environment

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

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

    Pros

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

    Cons

    Compensation 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 ManagementAdvice

    promote a more competitive environment

    Recommends
    Neutral Outlook
    Approves of CEO
  9. 1 person found this helpful  

    Entrepreneurial

    • 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

    Lots of ownership for projects.

    Cons

    Not a very competitive environment. Some works get boring.

    Recommends
    Positive Outlook
    Approves of CEO
  10. 3 people found this helpful  

    Casual work environment with casual employee compensation.

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

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

    Pros

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

    Cons

    Stultifying 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 ManagementAdvice

    Keep doing what you're doing; at least you're better than most of the others.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  11. 1 person found this helpful  

    A great company with great people

    • 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 5 years)

    Pros

    Morningstar 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.

    Cons

    Career 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 ManagementAdvice

    Seek out new ways to motivate talent and investment in bigger opportunities

    Recommends
    Neutral Outlook
    Approves of CEO

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