Morningstar - good benefits, low salary | Glassdoor
There are newer employer reviews for Morningstar
There are newer employer reviews for Morningstar

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Helpful (1)

"good benefits, low salary"

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Technology in Chicago, IL
Current Employee - Technology in Chicago, IL
Recommends
Neutral Outlook
Approves of CEO

I have been working at Morningstar full-time (More than 5 years)

Pros

benefits, work location, newer building

Cons

lack of internal career growth thus stagnant salary. no team like atmosphere. If you're on the technical side you're considered second class, easily interchangeable, not easily promoted.

Other Employee Reviews for Morningstar

  1. Helpful (3)

    "Great work/life balance, but very low pay and unclear career trajectory."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Data Analyst in Chicago, IL
    Current Employee - Data Analyst in Chicago, IL
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Morningstar full-time

    Pros

    -Very relaxed environment (probably with the exception of Product Support).
    -Typically 40-50 hours of work per week
    -Very nice managers, no big egos to worry about, you will never get yelled at.
    -Many opportunities to make a business impact.
    -Lunches with senior executives.
    -Places well at Kellogg and Booth part time programs (not full time however).
    -Amazing vacation policy and summer hours
    -Partial Tuition/CFA support
    -Patio parties
    -Improving reputation among media.

    Cons

    -Well below market pay throughout the firm (i.e. Data Analysts typically start at 45k).
    -Shortage of middle managers.
    -Limited exit opportunities (you won't be doing traditional finance in most roles).
    -HR is largely uninvolved in supporting employees once hired (MDP status is unhelpful).
    -No clear career trajectory, you have to apply and interview for any new position.
    -Not always a meritocracy, working hard is often unrecognized.

    Advice to Management

    Morningstar is a good company with great people and strong senior leadership in a struggling industry. Unfortunately, the firm fails to fairly compensate employees at most levels, leaving many of the most talented employees to view their position as just a job, not a step forward in their career development. To that same end, HR needs to help implement a competency model that allows employees to develop a realistic and meaningful career trajectory. Finally, please consider adding more headcount at the middle management level, which will allow junior employees to remain motivated in their career progression.


  2. Helpful (5)

    "Good for entry levels, less appealing for experienced folks"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Chicago, IL
    Current Employee - Anonymous Employee in Chicago, IL
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Morningstar full-time (More than 5 years)

    Pros

    Good work/life balance
    Ethical management
    Good benefits

    Cons

    Confused vision from management
    Poor incentives for experienced employees
    Lots of internal politics
    Limited recognition for a job well-done

    Advice to Management

    Focus less on hiring college grads and more on making Morningstar a rewarding place for someone to spend his career. Notice high job level dissatisfication among experienced employees and make the changes necessary to keep them onboard.


There are newer employer reviews for Morningstar
There are newer employer reviews for Morningstar

See Most Recent

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