Morningstar Reviews | Glassdoor

Morningstar Reviews

Updated December 14, 2017
653 reviews

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Pros
  • Treated like an adult for issues like work/life balance (in 146 reviews)

  • Casual work environment, generous benefits (in 74 reviews)

Cons
  • low pay rate and low efficiency (in 36 reviews)

  • Way too many people take advantage of "work/life balance" (in 14 reviews)

More Pros and Cons

  1. "Door to Door sales man"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Master Salesman in Fargo, ND
    Former Employee - Master Salesman in Fargo, ND
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Morningstar part-time (More than 10 years)

    Pros

    Flexible schedule, easy time off

    Cons

    Door to door, wear and tear on vehicle, overnight travel

    Advice to Management

    Do more monthly bonus incentives


  2. Helpful (8)

    "Solid workplace"

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

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

    Pros

    - Educational stipend is a generous way for employees to grow (if they want it)
    - You can create your own success and senior employees make themselves accessible
    - The culture is welcoming to people of all backgrounds/degrees

    Cons

    - Things can take a while to get done
    - Sometimes entry level employees feel lost or disengaged unless they're actively seeking help/advice

  3. "Good starter company"

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

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

    Pros

    flexible work schedule, sabbatical policy

    Cons

    Lack of career growth/ internal opportunities. Salary is lower then industry standard.


  4. Helpful (2)

    "Technologist"

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

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

    Pros

    Awesome company with strong ethics & values with clear mission to help investors reach their financial goals

    CEO is open and takes on tough questions in company meetings and provides clear vision

    Technology has started to use latest in the industry with focus on Automation

    Cons

    Execution of projects is slow causing delays in time to market
    Some of business people don't understand art of software development but run the show

    Advice to Management

    Key to any successful and faster product development cycle is to minimize dependencies between teams/groups and when Data group is separated from Product its bound to be slow.

    Focus on creating value added product capabilities on top of data via services and invest heavily on them as they would last longer than a front end experience

    Include senior technologists as partners in roadmap creation as they know the art of software development

    Morningstar Response

    Dec 11, 2017 – Chief Technology Officer

    Thanks very much for taking the time to write your review, and for highlighting some of the great aspects of our company and technology organization. I also appreciate that you included your thoughts... More


  5. Helpful (7)

    "Associate Director"

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

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

    Pros

    Treated like an adult for issues like work/life balance.

    Cons

    Compensation does not seem in line with similar companies.


  6. Helpful (34)

    "Product Manager"

    StarStarStarStarStar
    • 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
    Positive Outlook
    Approves of CEO

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

    Pros

    Interesting work. Good People.

    Cons

    Lots of "Chiefs" and "Heads".

    Advice to Management

    Continue to simplify the business. Promote strong people from within.


  7. Helpful (3)

    "Mid-Sized Company Still Somewhat Startup In Nature"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Stock Analyst in Chicago, IL
    Former Employee - Stock Analyst in Chicago, IL
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    I worked at Morningstar full-time

    Pros

    Everyone has an academic attitude of curiosity toward their work
    Reimbursements for higher education and continuing education
    Really great benefits (retirement, vacation/sabbatical)
    Nice office

    Cons

    Low pay scale across the board

  8. "Morningstar Development Program"

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

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

    Pros

    Ability to stand out, flexible work hours

    Cons

    Not the most competitive salary

    Advice to Management

    Pay up to retain the best talent


  9. Helpful (36)

    "Marketing at Morningstar"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Most employees are dedicated and passionate, beautiful office, kind people.

    Cons

    I enjoyed working in marketing at Morningstar for a number of years. The Chief Marketing Officer (Rob Pinkerton) appeared to be a smart and pedigreed man. He enthusiastically campaigned for the position of CMO with a strong vision to make Morningstar into a modern marketing engine. He stepped into a hard role: the leaders at Morningstar have been there for decades and only knew how to value antiquated marketing efforts, everyone was quick to place the blame on marketing for low revenue numbers, and he inherited a disaster of a marketing organizational structure, so I felt for him at first. However, after years of working with him there were some alarming trends I could not continue to ignore:

    Pinkerton has no interest in fixing any of the glaring logistical issues that weigh on each marketer. The organizational structure, ill-defined roles, and supposedly “agile teams” required to complete projects are a complete mess (and have been for years). Marketers trip all over each other, spending days doing redundant work and wasting everyone’s time. Pinkerton does not want to even hear about these problems – let alone help – or get to know the strengths and weakness of each team member and deploy each person to their best and highest use for the good of the company, like a strong leader would. He writes off and most times completely ignores enthusiastic and exceptional marketers, instead choosing to focus only on a select handful of favorite employees and then wait for everyone else to leave in succession.

    He boasts on previous posts that he’s been able to recruit marketers from large companies that he deems “cool,” but this is a direct result of the Morningstar brand name in Chicago and the company culture – two things that were there long before Pinkerton was in his role.

    Pinkerton spends most of his time managing up to the rest of the C-suite, instead of providing productive guidance and mentorship to his team. He’s a polished talker and is well-read on the marketing industry, so he can speak in broad sweeping generalizations about his vision enough to get buy-in from the C-suite, but then he provides no guidance to the department on how they’ll get there and he isn’t held accountable.

    Expect continued turnover from marketing should Pinkerton remain CMO.


  10. Helpful (5)

    "Good company, poor bonuses"

    StarStarStarStarStar
    • 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
    Disapproves of CEO

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

    Pros

    Morningstar has a great mission in trying to help investors. The atmosphere is friendly and collaborative.

    Cons

    The big challenge relates to pay. I have been at Morningstar for 5 years and the company never seems to pay its bonus at target. They always have the same story that results are not up to expectations so the bonus will not be paid out fully. They were close one year, but not quite there. The last time I saw my bonus target was on my offer letter. If you are considering working here, keep this in mind.

    Advice to Management

    Be honest about the expectations on the compensation side.


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