Morningstar - Great part-time academic internship experience, but not the most structured environment | Glassdoor
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"Great part-time academic internship experience, but not the most structured environment"

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  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Intern - Equity Analyst Intern - Academic Year in Chicago, IL
Former Intern - Equity Analyst Intern - Academic Year in Chicago, IL
Recommends
Neutral Outlook
Approves of CEO

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

Pros

- Really bright, kind, and talented people
- Casual, laid-back atmosphere
- Freedom to work on whatever interests you
- Nice creature comforts / facilities
- Excellent work / life balance for full-time and intern employees
- The work is meaningful and the mission is worthwhile. Independent research
- Top brass are very down to earth and approachable
- Feels like working at a start-up

Cons

- Internship is not very structured. I worked closely with my team, but did little in terms of formal training, corporate training, or interacting with any other team. Which could be a positive depending on your perspective, but I didn't understand well how my work fit into the work that everyone else was doing.
- Career path is not very clear

Advice to Management

- Consider making your academic-year internships more structured

Other Employee Reviews for Morningstar

  1. Helpful (2)

    "There is a reason it makes 100 BEST COMPANIES TO WORK FOR list year after year"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Software Developer in Chicago, IL
    Current Employee - Senior Software Developer in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Spectacular work environment along with unheard of benefits.
    - Unlimited vacation
    - 6 Week sabbatical every 4 years

    (enough said)

    Cons

    Flat org structure making for difficult career development and growth.


  2. Helpful (5)

    "Overworked and under compensated"

    StarStarStarStarStar
    • 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
    Positive Outlook
    No opinion of CEO

    I have been working at Morningstar full-time (More than 3 years)

    Pros

    - The company prides itself on helping the individual investor, which is a belief to which most employees truly subscribe.
    - Free lattes and casual dress are incentives that some employees really enjoy, but don't outweigh the cons.

    Cons

    - Management struggles with decisions on how to best structure the firm, and as such there have been multiple large-scale reorganizations in recent history.

    - Compensation is severely below market for finance and IT professionals. Compensation is also awarded from top-down success of the company, and, as such, the (financial) incentive for individual business units to strive for success is completely eliminated.

    - Flat management structure and segregated business units leave little chance for upward mobility.

    - Many groups are very understaffed, so the promoted "work-life balance" that Morningstar prides itself upon is simply not true.

    Advice to Management

    - Hire outside consultants or those with executive management experience OUTSIDE of Morningstar. Remove the flat management structure and increase compensation to retain truly talented employees. Stop wasting money by providing so much tuition assistance to people who will only use those advanced degrees to receive market wages at another firm.

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

See Most Recent

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