Pros
Free drinks and casual dress.
Cons
Terribly low pay. If Morningstar really cared about its equity analysts, it would compensate them fairly. The wages are WAY below industry norms and that of many other careers that require far less out of the employee. I would dissuade anyone with an interest in financial markets from even applying to Morningstar. Being an analyst requires three things 1) hard work 2) intelligence and 3) good communication skills. It makes zero sense to work for Morningstar-level wages if you possess all three of these attributes. You can make far more with less effort doing almost anything else - corporate management, sales, etc. The reason that most analysts stay at Morningstar is that they are stuck due to family commitments and geographic restrictions.