Morningstar Reviews in Chicago, IL | Glassdoor

Morningstar Chicago Reviews

Updated February 17, 2017
226 reviews

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Chicago, IL Area

3.7
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Morningstar CEO Kunal Kapoor
Kunal Kapoor
3 Ratings

226 Employee Reviews

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Pros
  • Great management, great work life balance (in 115 reviews)

  • Constantly changing work environment (in 59 reviews)

Cons
  • Very low pay (made up for with excellent perks) (in 32 reviews)

  • Clearly senior management aren't interested in attracting and retaining top talent outside the HQ (in 23 reviews)

More Pros and Cons

  1. Featured Review

    Helpful (1)

    "Product Marketing Manager"

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

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

    Pros

    Smartest people and also the kindest, and people have very long tenures so there is deep expertise

    Cons

    Long-established structure and ways of doing things can make it hard to change up the way things are done

    Advice to Management

    Be more transparent with the way we communicate, please!

    Morningstar Response

    Feb 21, 2017 – CEO

    Thanks for your encouraging feedback. We're glad you appreciate some of the really great aspects of our company and culture, particularly our people. We do try to foster a culture of kindness in our ... More


  2. Helpful (2)

    "Software Developer"

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

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

    Pros

    Good work life balance, good working environment, few good projects for techie

    Cons

    less salary, old tech stack, less bonus.

    Morningstar Response

    Feb 22, 2017 – Chief Technology Officer

    High five! Thanks for your positive feedback and for doing your part to make the Technology team here at Morningstar even stronger. I obviously don't know what you work on, but as you know ... More


  3. Helpful (5)

    "DO NOT BE FOOLED"

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

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

    Pros

    Sounds like a good company to work for

    Cons

    Lazy people
    No work-life balance in product support
    Low Paid
    No incentive to work hard
    Management is biased

    Advice to Management

    None. This company has zero hope.

    Morningstar Response

    Feb 15, 2017 – CHRO

    Ouch! I’m sorry you left with such an unfortunate opinion of us. Judging from the overwhelming number of positive reviews we see on Glassdoor from other prospective, current, and former “MDPs” (our ... More


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  5. Helpful (1)

    "Nice place"

    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
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Open work-culture. Despite being an old company, it carries start-up culture. Loads of learning opportunities

    Cons

    Lot of re-org, which brings a sense of anxiety amongst employees


  6. Helpful (13)

    "Disappointing"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in Chicago, IL
    Current Employee - Analyst in Chicago, IL
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    -Hours are great
    -Vacation policy is top notch
    -Positive culture

    Cons

    -Morningstar is trying to make a big push to improve performance, however one area that is seemingly unaddressed is management at all levels. It is, at best, mediocre. Managers across all levels of the business either lack the skills or interest in their employees to really be effective. While there are certain exceptions, the norm is incompetency.
    -Frankness: rarely is the company message frank, rather fluffy
    -HR is a joke
    -The pay is low
    -Tech is bad, probably because mgmt does not want to pay for good technology
    -Advancement opportunities are scarce
    -Research is too conservative

    Advice to Management

    Train your managers


  7. Helpful (1)

    "Great company"

    Star Star Star Star Star
    Former Intern - Intern in Chicago, IL
    Former Intern - Intern in Chicago, IL
    Recommends
    Approves of CEO

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

    Pros

    Very casual atmosphere! No dress code, and flexible work hours. It's very obvious that the company cares for its workers.

    Cons

    There seems to be a culture of avoiding conflict as much as possible; lots of unsaid words get buried underneath, probably to save face, but over time it could be unhealthy.

    Advice to Management

    Keep up the good vibes! I felt very relaxed when I was working there. Encourage critique and provide a place for people to speak their minds about what's not working for them.


  8. Helpful (5)

    "Great Place to Start Your Career"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate Product Manager in Chicago, IL
    Current Employee - Associate Product Manager in Chicago, IL
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    - Colleagues are very supportive of one another
    - Great place to start your career (training, opportunities, flexibility, camaraderie, etc.)
    - There is incredibly flexibility when it comes to transitioning to new roles (inter department)
    - If you perform well and have a strong work ethic, you will likely be recognized for your contributions (though not monetarily)
    - Work life balance (if you take advantage of it)

    Cons

    - Compensation is well below industry average
    - Work life balance is not a reality on each team
    - If you are a high performer, you will be frustrated by low performing/lazy employees

    Advice to Management

    - Compensation needs to be competitive: Morningstar attrition rates (among high performers) are very poor. Paying well will keep top talent.

    - Cut the fat! Seriously! If you want to retain top talent, you need to foster an environment that support high performing workers, and keeping around senior (and junior) underperformers will not do this!


  9. Helpful (2)

    "Great place to work, results lagging lately"

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

    Pros

    Collaborative environment, positive mission, enjoyable work space and inclusive culture.

    Cons

    Need to shift balance toward a more performance-oriented culture.

    Advice to Management

    Focus on fewer initiatives and fund them more aggressively.

    Morningstar Response

    Dec 6, 2016 – President

    Thanks for recognizing a few of the aspects of our company and culture that make us special. I also appreciate your comment with respect to our performance-oriented culture. As you probably know ... More


  10. Helpful (4)

    "I Like It"

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

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

    Pros

    Great work/life balance
    Ability to grow in the company and wear different hats
    Great people

    Cons

    Everyone knows compensation should be a bit more competitive. Especially for workers that work hard (compared to some that come in at 9:30 and leave at 4:30).

    Advice to Management

    Make the MDP program better. You hire amazingly talented recent college graduates but the first rotation which is typically service or data is not challenging enough.


  11. Helpful (1)

    "Good Work/Life, Below Industry Standard Pay"

    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
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    unlimited vacation, good work life balance, beautiful HQ, culture of young and friendly employees

    Cons

    salaries are typically below the industry standard



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