Morningstar reviews

3.8

75% would recommend to a friend

(4,135 total reviews)
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Kunal Kapoor

83% approve of CEO

71% positive business outlook

Morningstar has an employee rating of 3.8 out of 5 stars, based on 4,135 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Morningstar employee rating is in line with the average (within 1 standard deviation) for employers within the Management & Consulting industry (3.7 stars).

Reviews by job title

4K reviews
1.0
Apr 3, 2019
Recommend
CEO approval
Business Outlook

Pros

You can work 9:30-4:30 and no one will care as the majority of the workplace does this. Lots of time off, you can move throughout the organization without prior experience.

Cons

Underpaid, the C Suite level caps the wages of the MDP way below industry average. They will then give you a small raise every 6 months, no matter if you perform below or above average. There is zero incentive to go above and beyond at Morningstar and it shows as a culture. They are incredibly secretive over wages because they know they are paying everyone poorly.

2.0
Apr 12, 2016

Marketing = Fail

Recommend
CEO approval
Business Outlook

Pros

Morningstar is forward-looking. They select good tools and marketing technologies. New stuff about behavioral research is cool. People are pretty decent in marketing/design. I think overall it's pretty steady. Lots of companies have ebbs and flows. I think Morningstar is no different.

Cons

A year with a new CMO, and marketing is pretty bad right now. This place is a disorganized mess. They talk about 'big ideas' but don't really support the areas of the company that actually make the money, which makes no sense. It makes the businesses mad too. I've been here a few years, it's gotten way worse, pretty much marketing kindergarten hiding behind a respected brand. Lots of whining and infighting within marketing, super, super lame operational leadership. You can tell the marketing leaders don't understand the businesses they try to support. But pretend like they do. They try to act like they're at a startup. . Employees are kind of confused plus problems are handled with tons of passive aggression or straight-up ignored. Honestly it is uncomfortable sometimes.

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Morningstar Response
10y
Thank you for your feedback. I'm sorry you are encountering frustrations, I appreciate your perspective and will keep it in mind as we march forward. Big change can be hard. We are building a modern marketing organization in support of our forward-looking view and I'm proud of what the team has accomplished so far. As you astutely point out, you work with decent people and it’s a steady place. You can talk to those people about what you see going on - talk to your colleagues, your managers, to HR, to me. We are here to help you be successful and resolve the business problems you uncover. Our core values are steady too - “Great People: Every person here matters and contributes to our success”. I want you to be a part of that success so you can help Morningstar better serve investors. We are in this transformation together. Rob Pinkerton - CMO
1.0
Nov 17, 2020
Recommend
CEO approval
Business Outlook

Pros

The culture of non-management has been preserved through the pandemic. Despite our struggles, it is still the norm for us to be honest and open with each other.

Cons

Now is probably the lowest point for morale at the company I have ever seen. The company cut almost everything (raises, health benefits, retirement benefits) and presented it as good news for us and in a deceptive way. They bought two companies, perhaps seeing this as an opportunity to profit from the hardship of employees who can't yet look for work elsewhere in this industry because of the pandemic. The executives seem to think they are getting away with it after trying to pull the wool over our eyes. They have become out of touch and deceptive in their human resources decisions...so far from what the company culture used to be about. Decades-long career employees to new hires are already preparing an exodus when the economy reopens.

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Morningstar Response
5y
Thank you for taking the time to share your feedback with us, we always appreciate it and use employee reviews to guide our company. It sounds like you are disappointed with your experience and I’d like to help. To start, I’d like to take a moment to address some inaccuracies about how we are managing our response to COVID-19 and compensating employees fairly. First, we have not cut any health or retirement benefits, nor have we had any redundancies globally. COVID-19 has created a lot of change over the past year, such as moving a global workforce to remote working and constantly adapting to uncertainty in today’s tumultuous political and economic climate. But despite these challenges, Morningstar has acted with clear intent to weather the storm by keeping our people connected through regular updates, providing resources and support, and maintaining our workforce when many other organizations have been forced to make tough decisions around layoffs. In fact, we’ve seen the highest level of satisfaction across the organization ever with more than 80% of our people expressing satisfaction with Morningstar. It’s upsetting to read that you feel we’ve been deceptive in anyway, as that is never our intent. Clear and consistent communication is why we’ve established weekly global townhalls, emailed Covid updates and an information hub. We have made strategic acquisitions as part of our business strategy, but this has not and never will affect the benefits we offer our people. We continue to take a long-term view and look to protect our business and our people during this difficult time. We hope you will reach out to our team or your manager to discuss your feedback as we want to support you on your journey at Morningstar.
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