Morningstar Project Manager Reviews | Glassdoor

Morningstar Project Manager Reviews

13 reviews

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Project Manager

3.5
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Morningstar CEO Kunal Kapoor
Kunal Kapoor
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Employee Reviews

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Pros
  • Good work life balance, good working environment, few good projects for techie (in 123 reviews)

  • So much room for growth, very obvious care for clients, energetic and intellectually stimulating work environment (in 68 reviews)

Cons
  • One of the cons would be the low pay considering the city it is located at and the cost of living (in 34 reviews)

  • Way too many people take advantage of "work/life balance" (in 12 reviews)

More Pros and Cons

  1. Helpful (4)

    "Company with good balance of women in leadership roles!"

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

    Pros

    Good work life balance, decent benefit, sabbatical, bagel day, flex time and "unlimited" vacation days. Early career development and rotation program for recent graduates and overall friendly non-competitive environment.

    Cons

    Way below market salary, little to no comp adjustment for "promotion" with new title and more responsibilities, lack of accountability for systems and technology department.

    Advice to Management

    Give promotions some value by rewarding with a meaningful compensation package, if the employee is not ready for a promotion rather than give them an 'associated' title don't promote them at all.
    Hire system analyst & dev ops resource to raise your technology ROI and higher SLAs.


  2. Helpful (1)

    "cool place to work"

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

    Pros

    fun environment, caring people, cool decor

    Cons

    understanding of how to grow their employees

    Advice to Management

    invest in your people

  3. Helpful (7)

    "Long hours, low pay"

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

    I worked at Morningstar (More than 3 years)

    Pros

    Bagels on Wednesdays
    Modern downtown office building

    Cons

    Very long hours
    Low pay
    No pay raises
    Reduced bonus structure
    Very difficult for career progression

    Advice to Management

    Reorganize


  4. Helpful (9)

    "Use to be a great place to work.... now not so much"

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

    I have been working at Morningstar full-time (More than 8 years)

    Pros

    It offers great work-life balance and is very flexible when you need time off.

    Cons

    As the company has grown it has become more "corporate" and lost a lot of the great things about it. It use to feel like working at a startup but now it is hard to get new ideas/innovations done with all the layers of managers etc. The company is too occupied with being rated as one of the top places to work and when those yearly surveys come out they keep encouraging their employees to rate them high.

    Advice to Management

    Seems like every year or so there is a new major reorganization that is very frustrating so would be nice to have a longer term vision. Also, lots of turnover in the executive roles.


  5. Helpful (11)

    "Internal Shift to Centralization is Causing Major Problems"

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

    I have been working at Morningstar full-time (More than 8 years)

    Pros

    Work life balance, flextime, location.

    Cons

    Simply put, most of the leaders lack leadership. And, it feels as though no job is safe anymore. Monumental shifts in the company where people and divisions do a reshuffling happen quite often, which brings more changes that the Company is struggling to execute. The company has shifted to a centralized company, which in an of itself is not a bad operational strategy. However, it has toll on its employees and clients. As a result, the culture has suffered and the products. There is more to a company's organization than updating organization charts. Little thought has been given to documenting and implementing how the company should operate as a cohesive unit and how to get things done for its clients. Many key leadership and management have left the company, and now the new CFO is cost cutting and trimming headcount throughout the organization. Salaries are below market. In general, new hires should not have high expectations for receiving a pay raise for many years.


  6. Helpful (3)

    "Good Company, Great Values"

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

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

    Pros

    Interesting work, good work/life balance, fair total compensation (benefits, pay, bonus), open vacation policy, paid sabbatical every four years, casual modern and laid-back work environment, great people

    Cons

    Some people promoted to middle management lack training and experience though efforts are being made for improvement in that area. Firing people is a complicated and difficult process; there are underperformers that have checked out and drag down the rest of the team. New hires fresh out of college (called MDPs) receive special treatment that breeds resentment in experienced employees with the company for many years.


  7. Helpful (5)

    "Great work-life balance"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Project Manager in Chicago, IL
    Current Employee - Project Manager in Chicago, IL

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

    Pros

    People are very nice, the organization is flat. It's easy to ask for time off. Nice office, free bagel breakfast on Wed.

    Cons

    The pay is under industry average. And most of the jobs are very boring, lack of challenges. If you are an ambitious person, don't go there.

  8. Helpful (5)

    "Good company but too much instability over the years"

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

    I have been working at Morningstar full-time (More than 8 years)

    Pros

    Great senior management team, good benefits, nice office environment

    Cons

    Lower pay, instability in certain business units due to so many reorganizations, too many young people are hired instead of mature professionals

    Advice to Management

    There have been too many reorganizations over the years, creating too much instability in certain business units. I have been with Morningstar over 8 years in the same unit and have experienced at least 6 different reorgs. So much change has been really hard on our group and turnover has been high lately as a result. This also has caused low morale on our team.


  9. Helpful (4)

    "Great culture, not competitive compensation"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Project Manager in Chicago, IL
    Former Employee - Project Manager in Chicago, IL
    Recommends
    Approves of CEO

    Pros

    A really great culture - people are very open, its very laid back. You do feel like senior management is open, honest, and approachable. Company meetings are well planned, informative, and even entertaining. Definite opportunities to make big impacts on Morningstar Products. Chicago office is beautiful and state of the art - really a pleasure to work at.

    Cons

    Very unclear career paths, very little guidance. They tout this as a 'benefit' - you make your own career - but really this is a cop-out. Pay is definitely below market for similar positions elsewhere and may not even keep up with inflation so make sure you are happy with your starting salary.

    Advice to Management

    Add more career guidance, pay competitively. Keep up the great job of open communication and the great tone at company meetings (a perfect mix of information, entertainment, humor)


  10. Helpful (2)

    "Comfortable place to work"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Project Manager in Chicago, IL
    Current Employee - Project Manager in Chicago, IL
    Approves of CEO

    Pros

    - Relaxed environment if you have a good manager

    Cons

    - below average salary
    - severe cuts to other benefits this year (tuition, 401K matching, and vacation more difficult to get approved)

    Advice to Management

    A lot of people seem to be happy enough there, but if job market improves it might be a tough sell to keep some of the stars.