Not what it used to be - Anonymous employee Morningstar Employee Review
1.0
Mar 2, 2026
Anonymous employee
Former employee, more than 8 years
Recommend
CEO approval
Business Outlook
Pros
People are great; wonderfully talented and always friendly.
Cons
Management + HR are non-responsive, insulated, and opaque to the point of being deceptive. Unless it is in writing, do not believe what they say. Even if it is in writing, prepare for it to change.
Morningstar Response
4mo
Thank you for sharing your perspective.
At Morningstar, over the last 40 years we have continued to focus on setting clear expectations and document our policies and decisions. Employees have 24/7 access to documentation on policies via the intranet. Transparency, consistency, and follow‑through are expectations we hold across leadership and People & Culture.
We remain committed to open, transparent engagement.
Really kind people work here, for the most part everyone I have worked with is smart and I have learned so much from them. There are great benefits: unlimited PTO, 6 week paid sabbatical is earned after 4 years of employment, 6 month maternity leave. Great location of an office. Great work life balance.
Cons
Not very competitive pay and it is easy to hit a ceiling in your career development. New HR policies are kind of strange, will not promote you unless you make enough money to be promoted which they designed the system to make it so you cannot go up. HR has also laid people off because they make too much money without considering the consequences of removing senior employees with unique/not stored intelligence vital to the company. They also hired a bunch of remote employees, then implemented a 4 day required in office rule no matter if you live states away from an office, which pushed hundreds of people to quit, not receive their bonus, and not require M* to pay them severance. It didn't use to be this way but the last year or so has been strange.