Morningstar reviews

3.8

75% would recommend to a friend

(4,135 total reviews)
avatar

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
2.0
Oct 20, 2015
Recommend
CEO approval
Business Outlook

Pros

- EASILY the best pro is simply the firm's name on your resume, which looks GREAT to other employers in finance/investments. - Young, diverse, energetic and intelligent workforce compared to most companies of similar size in the industry. Morningstar's undergrad recruiting strategy focuses heavily on top-tier liberal arts universities (e.g., University of Chicago, Northwestern), rather than schools with traditionally strong business programs. - Flexible time off schedule (there is no official policy stipulating PTO days granted), includes discretionary six week sabbatical every four years of employment. - Modern office design and casual dress code creates a welcoming work environment.

Cons

- Compensation across the board is SIGNIFICANTLY below market. Bonus targets are unrealistically high, and the methodology on how targets are derived is overly complex and seems to change every year. - Senior management seems to lack a clear understanding of how to implement and execute mandated business plans, which leads to continually changing goals and timelines to achieve them. - Flat organizational structure does not provide clear paths for upward career advancement. - Management is either unwilling to allocate, or worse, unable to recognize the amount of resources required, to effectively manage the business and adequately support clients. - Flexible time off schedule is abused by some employees, leading to longer hours / more work by others. - High turnover at all levels, especially among recent graduates who often become disappointed by remedial entry level work and lack

1.0
Sep 7, 2025

Avoid at all costs!

Recommend
CEO approval
Business Outlook

Pros

Bonus was competitive in relation to other companies

Cons

-Abysmal Pay: The salary is not at all competitive, with insulting year-over-year increases that barely keep up with inflation. -No Career Growth: There’s no room for internal advancement despite touting this as a benefit when I was hired. I spent over a year having "coffee chats" with team leads, trying to find opportunities to move around, only to hit dead ends. The one time I made it through a full panel interview, HR didn’t even bother to inform me that I didn’t get the role. I had to find out through a friend in that department. -Incompetent HR Leadership: Working closely with HR team leaders was a nightmare. Not only were they useless in helping me secure interviews, but they were also poorly managed. It starts at the top with the "Chief People Officer," whose appointment in early 2022 marked the beginning of a steep decline in employee morale, as reflected in the company’s plummeting Pulse survey scores. -Out-of-Touch Executives: The leadership team is completely disconnected from employees. While they pretend to champion Mansueto's vision, their actions show they only care about profits. Employees are nothing more than expendable resources to them. -Disastrous Financial Leadership: The new CFO, an unqualified internal hire with zero CFO experience and a clear personal hire by our CEO, made sweeping changes that left the entire finance team fearing for their jobs. Many talented employees, including myself, were laid off in a misguided attempt to create a "lean" cost center. Unsurprisingly, this backfired, as more people left on their own. Managers also have no actual management experience when it comes to dealing with and working with different people. Some more actual management training could be very beneficial to make the work environment more productive and less about micro-managing. -Declining Flexibility: Over my four years at the company, I watched flexibility erode completely. In 2021, there was no in-office requirement. By 2023, they forced employees into the office three days a week. This was made even worse with heavy monitoring and threats for not being there a full 8 hours, to the point I was called out for leaving early to get home when there was an active tornado warning. Now, starting January 2026, they’re mandating four days a week. It’s clear they care more about micromanaging and seeing people at desks than the actual work being done. -Benefits with Strings Attached: Getting a paid sabbatical was a big draw for me to this company. However, I've heard from coworkers its often difficult to get the time actually approved. I was also conveniently laid off 2 months before I qualified for mine. PTO is also not unlimited like they claim. It's actually a max of 25 days (including sick and personal time). They will not approve anything more.

2.0
Dec 17, 2018
Recommend
CEO approval
Business Outlook

Pros

Benefits. Medical, 401K, Sabbatical. Work from home policy.

Cons

Incompetent management across the organization. No Commitment to long term strategy. Hiring decisions based on diversity emphasis rather than qualifications. Lacks resources required to support products. Does not adhere to promises of pay increases or promotions. New employees quickly become discouraged and disgruntled. Powerpoint, Powerpoint, Powerpoint. Time spent on presentation demands of management negatively impacts productivity of work force. A "Great Place to Work" it is not!

Viewing 118 - 120 of 4,135 Reviews

Glassdoor has 4,437 Morningstar reviews submitted anonymously by Morningstar employees. Read employee reviews and ratings on Glassdoor to decide if Morningstar is right for you.