Morningstar Reviews | Glassdoor

Morningstar Reviews

Updated April 21, 2017
549 reviews

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Pros
  • Good work life balance, good working environment, few good projects for techie (in 118 reviews)

  • So much room for growth, very obvious care for clients, energetic and intellectually stimulating work environment (in 65 reviews)

Cons
  • Very low pay (made up for with excellent perks) (in 34 reviews)

  • Some senior management guys can hardly communicate in fluent english (in 23 reviews)

More Pros and Cons

  1. Helpful (5)

    "Overall a good place to work but has issues"

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

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

    Pros

    Casual relaxed environment with smart people doing great things. Great benefits which include flexible hours, work from home, and unlimited vacation. Big push in technology to the Cloud.

    Cons

    Antiquated technology and a bureaucracy in IT that stifles innovation and progress.

    Advice to Management

    Keep trimming the fat, dismantling the bureaucracy, and wrestling infrastructure from IT to the Cloud.


  2. Helpful (1)

    "Good Place to work"

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

    I worked at Morningstar (Less than a year)

    Pros

    Balanced work life,
    Good envirment
    product base company
    work from home

    Cons

    I did not find any, i will join again in future..


  3. Helpful (3)

    "Company breaks Labor Laws"

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

    I worked at Morningstar full-time (More than 3 years)

    Pros

    Nice office. That's it. More cons than pros.

    Cons

    Low pay.
    Morningstar's pay is among the lowest and the raises are 1-2% a year. Management blames employees and claims it is because of performance, but then employees talk and discuss and it comes out that everyone got the same raise. So everyone had performance issues? Doesn't HR read these reviews?

    Dishonest HR
    Someone below talked about how Asian workers did not get promotions and HR replied that the rates are same. This is nonsense. I had several Asian employees in my team and they all were frustrated for the same reason. I was friendly with them so they confided to me that they could not switch groups easily but non-Asians just seemed to move from role to role each year. I began to observe this and I had reason to believe that this was true to a large extent. The template seemed to be that if a non-Asian had a role and left, Asians would not be considered for that role. If an Asian person left, then other Asians had a chance at that role.

    Breaking Labor Laws
    Here's a biggie. Some years ago, I applied to an position that was advertised. As I was an employee, I could see the HR person and emailed her directly. She replied saying that the position was not a real one and that it was posted for immigration purposes! She said this in an email! I was shocked that a company like Morningstar would break labor laws so blatantly. I did not blow the whistle, but I have that email with me. I hope President Trump cracks down on these illegal and unethical practices. I am sure HR will come out and deny it and quote some facts and figures. This happened to me so it is true.

    Advice to Management

    Pay people market rate. Clean out the politicians in the company.

    Morningstar Response

    Apr 5, 2017 – CHRO

    Ouch, these are some very serious allegations. While we believe there are inaccuracies and some missing context in the content of your post, I would very much like to understand your observations and ... More


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Helpful (3)

    "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


  6. Helpful (5)

    "Weak and Incompetent IT Leaders"

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

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

    Pros

    Good coffee machines in place

    Cons

    Senior IT leaderships used to be responsible and hardworking. They produced competitive products. But lT leadership has become weak and weaker recent years in Chicago and offshore offices. They try hard to be good politicians but showed no ability and intention to make Morningstar an ethical, healthy, innovative working environment. Hiring friends with no technical skills, meaningless technical town hall meeting to show off things not important, laid back managers with no technical skills, making overseas business trips as their personal vacations and hangovers, Weak leadership builds weak teams. The good old days are gone...

    Advice to Management

    hire people with strong leadership skills, reduces the number of laid back managers, we are building software many small startup can do but with horrible quality, cutting bad managers above market pay to compensate many of severely below market paid engineers..

    Morningstar Response

    Apr 1, 2017 – Chief Technology Officer

    Ow. Since you took the time to write this scathing review, I have to assume that you're not happy at Morningstar, that you feel no one in technology leadership will listen to you, and that you feel ... More


  7. Helpful (4)

    "Ok, but not great"

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

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

    Pros

    Hours, holidays, co workers, 3 weeks paid vacation

    Cons

    No room for advancement, to much politics in the office, low pay, extreme workloads

    Advice to Management

    Treat people like people, stop treating everyone like you can just replace us. Pay us for the job we do. Stop comparing our sales to other jobs in the area, we do much more than the average fast food worker. Stop showing so much favortism to your friends that work there.m


  8. 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


  9. Helpful (8)

    "Beware Marketing Jobs Here"

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

    I worked at Morningstar full-time (More than 8 years)

    Pros

    Brand name, Benefits, Location, Good culture, learn about investing

    Cons

    No direction
    Weird marketing department structure
    Low bonus pool this year
    High turnover
    Caters to spoiled MDPs
    No one is held accountable

    Advice to Management

    There is a good reason this place is hiring. Almost all the marketers quit. I would say turnover is 70%. No strategy, or execution. Nobody cares, you're there to serve the brand. With a tiny budget. (If you are successful you won't be rewarded for that either.)
    Bad leadership in the marketing department. They don't have good relationships with people and their ideas are wishful thinking.

    My recent exit interview with HR was pathetic. I saw candidates walk after low-ball offers for jobs here. Don't waste your time here if you are over 27 years old.

    Morningstar Response

    Mar 1, 2017 – CMO

    Thank you for your feedback. I'm sorry you were frustrated during your exit and with the changes we have made (and continue to make) to transform Morningstar’s marketing function into a modern ... More


  10. Helpful (6)

    "Reposting of a 2015 review - nothing has changed"

    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
    Disapproves of CEO

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

    Pros

    *Flexible work environment
    *Nice downtown location
    *Ability to get involved in community programs

    Cons

    *A bit of a culture of cronyism
    *Nearly impossible to get a promotion unless you are already in a leadership role (I believe Morningstar is trying to address)
    *No accountability (still a BIG problem)
    *Lots of meetings even though there has been a push to limit meetings
    *No appreciation for it's most experienced employees

    Advice to Management

    Make leadership accountable for poor decisions and delays.
    Encourage the goal to limit meetings and number of attendees in meetings.
    Reduce the number of individuals serving on these committees.
    Promote and reward successes and working above and beyond.
    Remove people from roles they are not succeeding in, really it's OK to let people go, if a manager holds on to a poor performer you need to ask some questions why.
    Provide resources to your biggest projects or they are going to be doomed to fail.


  11. Helpful (7)

    "Preference of hiring weak candidates, friends, long hours"

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

    I worked at Morningstar full-time (More than 3 years)

    Pros

    This is a mediocre environment managed by mediocre spirit.

    Cons

    Management like to bring their friends and make work environment like The Real Housewives. Shamelessly mandate employees to work long hours.

    Advice to Management

    Technology team is lack of ability to bring good candidates. It is lack of focus on the right direction, poor motivation, creating departmental autonomy

    Morningstar Response

    Mar 13, 2017 – Chief Technology Officer

    What you describe is certainly not the type of environment we want at Morningstar. While there's always room for improvement, I'm surprised at your harsh feedback. That said, I appreciate that you ... More



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