Morningstar Reviews

Updated June 21, 2015
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3.8
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Approve of CEO
Morningstar Chairman and CEO Joe Mansueto
Joe Mansueto
7 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

10 Employee Reviews

Sort: Popular Rating Date
  1. Helpful (3)

    Great place to gain experience but doesn't offer much else

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Sydney (Australia)
    Former Employee - Anonymous Employee in Sydney (Australia)

    I worked at Morningstar (More than a year)

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    Relaxed culture, free drinks at work, good social activities

    Cons

    Low pay, Extremely bad HR

    Advice to Management

    Management really need to think about making some changes to improve the business. HR is an absolute joke - rude, unprofessional, unapproachable and completely dismissive. It's mind boggling why any changes haven't been made in this department by management especially when it's a known problem.

    Morningstar is a great place to get experience - you do get the opportunity to learn a lot. However there really isn't any point staying in the long term since you can get paid significantly higher elsewhere. For example, analyst salaries are on par with those of client service people at competing businesses. As such there is high turnover amongst junior employees who use Morningstar for the experience and then move.

    Nevertheless, the company culture is very relaxed and there are good social events/activities. The culture is especially suited for people who have families, want to leave the office by 5pm and are willing to forego better pay and career progression elsewhere.


  2. Helpful (1)

    Collaborative Culture

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Institutional Relationship Manager in Sydney (Australia)
    Former Employee - Institutional Relationship Manager in Sydney (Australia)

    I worked at Morningstar full-time (More than 5 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Smart motivated bunch of people.
    Worldwide opportunities.
    HR cares about retention and progression.

    Cons

    There are no cons that I could think of. --------------


  3. Helpful (1)

    Senior Software Engineer

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Software Developer in Sydney (Australia)
    Current Employee - Senior Software Developer in Sydney (Australia)

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

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Company provides many opportunities in career path and very professional to deal to customer.

    Cons

    The oversea branches especially IT needs to get approve for any new technology.


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  5. Helpful (3)

    Investment Analyst

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Sydney (Australia)
    Former Employee - Anonymous Employee in Sydney (Australia)

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

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    Good networking and relaxed culture

    Cons

    Low pay, no career progression, cult like

    Advice to Management

    Pay more and respect staff


  6. Helpful (2)

    Interesting if you enjoy the work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Equity Analyst in Sydney (Australia)
    Former Intern - Equity Analyst in Sydney (Australia)

    I worked at Morningstar as an intern (Less than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    People really enjoy the job if they are interested in financial markets. Team-building type of atmosphere to get you through the workday and other projects.

    Cons

    Many hoops to jump through when you want to get something done. HR department is overly nitpicky.

    Advice to Management

    Good environment


  7. Helpful (3)

    Experience while working at Morningstar

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Sydney (Australia)
    Former Employee - Anonymous Employee in Sydney (Australia)

    I worked at Morningstar full-time

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    Interesting products, some very clever people globally. Good branding and designs.

    Cons

    Culture - negative and back stabbing. No career path. Lack of leadership, trust and motivation. Self interests surpass the interests of the company.

    Advice to Management

    Ask former employees why they left to get a better understanding of internal issues.


  8. Helpful (6)

    Misled, regional office that is not observing group culture and values

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Sydney (Australia)
    Former Employee - Anonymous Employee in Sydney (Australia)

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

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Some friendly people. A few, not many, would went out of their way to help.

    Cons

    Incompetent and dishonest line manager. Over promised on opportunities within the group. Executive apathy. Below market average salary. Lack of empathy from HR. Lack of accountability and transparency. High staff turnover at all levels including senior management. Inequitable treatment of staff in the same role and performing at similar level. Favoritism appears rife.

    Advice to Management

    Stop treating staff grievance as an attack to the company and start looking at the source of problems.


  9. Helpful (1)

    It was a great learning experience.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Intern in Sydney (Australia)
    Former Employee - Intern in Sydney (Australia)

    I worked at Morningstar

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    The people at Morningstar are extremely helpful. Everyone is more than willing to assist a fellow coworker. It is an extremely relaxed environment with even senior members out on the floor.

    Cons

    The departments are very specialized


  10. Flexible work environment - great long term benefits

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Software Developer in Sydney (Australia)
    Current Employee - Software Developer in Sydney (Australia)

    I have been working at Morningstar

    Recommends
    Recommends

    Pros

    Opportunities to work with different technologies - .NET, Java, Scala, Web Service. Have opportunities to work with web based systems and protocol.

    Cons

    Mostly data oriented systems. Not much to learn about Business Process or workflow. Database are maintained by DB team, so you are confined to work in Application layer only.

    Advice to Management

    Make the software systems Service Oriented with latest technologies. Reduce the number of applications to minimize support works, fully automate different systems where still manual works involved. Great Technical Leadership required.


  11. Helpful (3)

    Underpaid, but can wear jeans to work.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Mutual Fund Analyst in Sydney (Australia)
    Current Employee - Mutual Fund Analyst in Sydney (Australia)

    I have been working at Morningstar

    Doesn't Recommend
    Disapproves of CEO
    Doesn't Recommend
    Disapproves of CEO

    Pros

    casual, flexible work environment- management is easy about letting you take time, or work varying hours.

    Cons

    very underpaid relative to the market (people tend to leave for 50% raises to work elsewhere). No career planning, little transparency in how salaries/travel are determined.

    Advice to Management

    Pay more.



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