Working at Morningstar | Glassdoor

Morningstar Overview

Chicago, IL
1001 to 5000 employees
1984
Company - Public (MORN)
Finance
$500 million to $1 billion (USD) per year
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and ... Read more

Mission: Morningstar’s mission is to create great products that help investors reach their financial goals. We accomplish this by working directly with investors, as well as the advisors and institutions that serve them.


Glassdoor Awards

Best Places to Work: 2012 (#31)

Company Updates

  • On Dec, 1, 2016 Morningstar completed its previously announced acquisition of PitchBook Data, Inc., which delivers data, research, and technology covering the breadth of the private capital markets. http://glassdoor.com/slink.htm?key=vQArE

    M&A, Private Equity & Venture Capital Database | PitchBook

    PitchBook provides the industry's most comprehensive M&A, private equity and venture capital database, the PitchBook Platform, as well as daily news & analysis.

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Morningstar – Why Work For Us?


At Morningstar, great people are our most important assets and essential to our success. We look for hardworking, enthusiastic people to join us in our mission to help investors reach their financial goals. In turn, we offer people an environment that fosters an entrepreneurial spirit, offers dynamic career paths, and rewards employees for helping Morningstar thrive.

Morningstar People
People at Morningstar don’t have to be told to go the extra mile. It’s part of who we are. Knowing that everything we do will have an impact on investors drives us to make constant improvements to our methodologies and products. It challenges us to change the investing landscape for the better. In fact, many of us are avid investors who are intrigued by the fundamentals of the world’s markets. That helps us see through the eyes of our clients to develop the great products they really need.

Backgrounds We Look For
We seek smart, driven individuals who can contribute expertise gained from a variety of past experiences. Our staff of industry specialists includes PhDs, MBAs, and a number of professional designations including CFA charterholders. But you don’t necessarily need a business degree or a finance background for every role at Morningstar. We prize both creativity and analytical ability; a varied, interesting background gets our attention. You’ll find people at all levels of the company with degrees that range from Russian literature to history, English, and psychology. 

A Variety of Roles
Morningstar jobs require all types of talents. We regularly hire for positions including designers, researchers, salespeople, developers, and project managers. From our first days in business, we’ve been an early adopter of new technologies and believe in building great products in-house. We maintain a staff of hundreds of technologists who help us continue to push technology’s boundaries to find new and better ways to serve investors.

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Start Your Career Here
Morningstar has been recognized as a great place to begin a career. College graduates can kick off their career in the Morningstar Development Program with a view into different aspects of our business. Program participants have the chance to contribute to our next generation of great products for investors and interact with company leaders, all while gaining hands-on experience. We also offer paid year-round and summer internships so that students enrolled in undergraduate or graduate degree programs at colleges and universities worldwide can gain on-the-job experience.


We believe in building great products in-house in a highly collaborative, agile environment where we focus on technical excellence, the user experience, and continuous improvement. Our technologists represent a range of skills and experience levels, but they all view their work as a craft and push technology’s boundaries to find new and better ways to serve investors.



Diverse Perspectives
"Great People" is one of Morningstar's core values, and when it comes to our people, our differences are our strength. We cultivate an inclusive environment and value new ideas. We respect the thinking that comes from our employees' unique backgrounds, skills, perspectives, and experiences. We're a global company with employees who reflect the diversity of the clients and markets we serve. As investors benefit from maintaining diverse portfolios, Morningstar is strengthened by the contributions of our diverse workforce. 

Welcoming Differences
We celebrate both our individual differences and our unity as One Morningstar. It happens all over the world: Chicago adventurers sharing their stories in an employee travel group; the Mumbai office honoring India's Independence Day; a Mid-Autumn Festival gathering in Shenzhen; our Toronto office holding a forum and celebration supporting LGBT Pride; or hundreds of employees worldwide competing in the Morningstar Olympics.


Morningstar Reviews

3.4
Star Star Star Star Star
Rating Trends Rating Trends
Recommend to a friend
Approve of CEO
Morningstar CEO Kunal Kapoor
Kunal Kapoor
25 Ratings
  • Featured Review

    Helpful (1)

    "Great company and culture, committed to improving"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Product Manager in Sydney (Australia)
    Current Employee - Product Manager in Sydney (Australia)
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Morningstar full-time (More than a year)

    Pros

    Morningstar is a great place to work.

    It sets itself apart in the financial services industry by genuinely supporting and developing a long-term, investor first approach. This is shockingly rare and deserves praise. This is a place where ideas win. For a firm with ~5k staff, it's fairly flat and it's easy to pitch ideas that will significantly improve the business.

    It has a great friendly, candid culture that many will find a rewarding and refreshing environment to work within. This is a company that cares about its team.

    Kunal, the recently appointed CEO, is an impressive leader and has very sensible plans for the company's future.

    There's recently been a refresh of several key executive positions (marketing, tech, product) and a renewed focus on driving a performance culture. My sense is that Morningstar under Kunal will retain all the stuff that has made it great but he'll take a more aggressive approach to addressing some of our shortcomings. These are all welcome changes and help ensure the Morningstar of tomorrow will be better equipped to continue winning in the marketplace.

    Cons

    No company is perfect and Morningstar has areas to work on. As with any global firm there's a constant battle between global and local priorities, and we have work to do reduce tech debt and better enable teams to get on with their important work of solving real investor problems.

    Advice to Management

    Continue working on cutting bureaucracy, focusing our strategy (we have too many products), empowering teams, improving rewards, driving an investor mindset throughout the organisation, improving technology (team and personal), refreshing the talent pool (double down on employee development), and allowing teams to focus on the top 2-3 activities that'll make a real difference.

See All 590 Reviews

Morningstar Interviews

Interview Experience

Interview Experience
65%
18%
15%

Getting an Interview

Getting an Interview
48%
30%
9%
3
3
2
2

Interview Difficulty

2.9
Average

Interview Difficulty

Hard

Average

Easy
  1. Featured Interview

     

    Quality Assurance Analyst Interview

    Anonymous Employee in Chicago, IL
    Accepted Offer
    Positive Experience
    Easy Interview

    Application

    I applied online. I interviewed at Morningstar (Chicago, IL) in January 2017.

    Interview

    i applied online. The process took 2+ months. I interviewed at Morningstar (Chicago, IL) in December 2016.The overall hiring process was excellent. HR team and Tech Team is very professional they want to see if you're the right fit for the team and company.

    Interview Questions

    • Behavioral questions- explain me the position you applied for? Why you're looking for a new role? Goals for next 5-10 years?
      Scenario based questions- Clients having certain issues and how you go about resolving it? What if you cant resolve it?
      Tech round- Resume based. Questions based on the technology and devices they currently have.  
      Answer Question
See All 285 Interviews

Morningstar Awards & Accolades

  • The Top 100 Digital Companies in Chicago, Built in Chicago, 2016
  • Moxie Award, Built in Chicago, 2016
  • Best Workplaces in Canada - Large and Multinational, Great Place to Work Institute, 2016
  • Best Thought Leadership Paper, Investment Week Fund Services Awards, 2016
  • Technology - Thought Leadership, WealthManagement.com Industry Awards, 2016
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