Morningstar Reviews | Glassdoor

Morningstar Reviews

Updated July 27, 2017
600 reviews

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Pros
  • I love the fact that a work/life balance is always pushed and we are encouraged to take time as needed (in 128 reviews)

  • Casual work environment, generous benefits (in 71 reviews)

Cons
  • One of the cons would be the low pay considering the city it is located at and the cost of living (in 33 reviews)

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

More Pros and Cons

  1. Helpful (3)

    "awesome culture - one of the best i've experienced"

    StarStarStarStarStar
    • 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 full-time (More than a year)

    Pros

    Excellent culture; positive, supportive, and helpful. Every team member, for the most part, is mindful of the company's values and vision. There is equal value on hard work as well as work place flexibility. management is mindful of employee needs, and teammates look out for one another

    Cons

    long hours are expected by management, and not very generously compensated for it. larger teams can feel slightly disorganized or disjointed in communication, especially with overseas team

    Advice to Management

    continue to emphasize culture and the supportive environment. it is really the best thing i've experienced in my career, and it is what set morningstar apart from many, if not most, companies i've worked for or interacted with

    Morningstar Response

    Apr 4, 2017 – CHRO

    Thanks for your encouraging words and your five star review. I completely agree that our culture and our people contribute to a work environment that is supportive, values-based, hard-working, and... More


  2. Helpful (9)

    "OK - But not Amazing"

    StarStarStarStarStar
    • 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 10 years)

    Pros

    Good work life balance, good working environment,

    Cons

    No passion and poor innovate.
    low salary,
    used old tech.

  3. Helpful (15)

    "Company breaks Labor Laws"

    StarStarStarStarStar
    • 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. Helpful (2)

    "Good"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Nice people, good location, bonuses

    Cons

    low base salary, slow HR


  5. Helpful (16)

    "Weak and Incompetent IT Leaders"

    StarStarStarStarStar
    • 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


  6. Helpful (1)

    "good"

    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
    Neutral Outlook
    Approves of CEO

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

    Pros

    nice culture, low stress, good entry gig

    Cons

    low stress, too many lateral moves

    Advice to Management

    Too much change lately


  7. Helpful (6)

    "Overall a good place to work but has issues"

    StarStarStarStarStar
    • 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.

  8. Helpful (1)

    "HR Intern"

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

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

    Pros

    So much room for growth, very obvious care for clients, energetic and intellectually stimulating work environment

    Cons

    Can't think of any! Great place to work.


  9. Helpful (1)

    "Good Place to work"

    StarStarStarStarStar
    • 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..


  10. Helpful (3)

    "Product Marketing Manager"

    StarStarStarStarStar
    • 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


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