Morningstar - Overworked and under compensated | Glassdoor
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There are newer employer reviews for Morningstar

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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.

Other Employee Reviews for Morningstar

  1. Helpful (1)

    "Great start for student if you don't bother doing boring jobs"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Intern - Data Analyst in Chicago, IL
    Current Intern - Data Analyst in Chicago, IL
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Morningstar as an intern (Less than a year)

    Pros

    Great company culture, flexible schedule, lots of employee training, friendly co-workers, promotion opportunity is there if you want, great communication between team members and with team leaders. GREAT BRAND in Chicago!

    Cons

    Job actually does not require much analytic skills. It's almost always checking data accuracy and filling the database. Project manager or Team Lead may have some high-level smart thinking. But as data analyst, you tackle with non-technical and non-analytic jobs which easily get you boring and losing you spirit. BTW, sometime, you need to work 9 or 10 hours a day!

    Advice to Management

    Make more connection among different units such as data team, research team and IT solution team. Some analyst may have enough background digging into research or programming projects. They can work more closely.


  2. Helpful (7)

    "Don't know what to say. Change my review from 2 stars to 1 star."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Applications Developer in Chicago, IL
    Former Employee - Applications Developer in Chicago, IL
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Good Work/life balance, if you don't have anything else to do, work for this company.
    Decent salary if you just want to have something to eat and live.
    Good Education benefit if you want to continue work for this company for two years.

    Cons

    The dead end jobs are all over this place.
    The effort was not recognized and appreciated.
     Incompetent and dishonest line manager.

    Advice to Management

    if you want people to leave, just directly fire them.

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

See Most Recent

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