At Morningstar, Inc., 70 percent of employees say their workplace is great.

EMPLOYEE RATINGS

     

This review is based on 583 employee surveys, with a 90% confidence level and a margin of error of ± 2.79. It was published on Sep 4, 2017. 6310 Visitors

What Employees Say

I am able to take time off from work when I think it's necessary.
91%
 
Management is honest and ethical in its business practices.
88%
 
Management trusts people to do a good job without watching over their shoulders.
83%
 
People are encouraged to balance their work life and their personal life.
83%
 
Our facilities contribute to a good working environment.
83%
 

What They Do

We asked Morningstar, Inc. to explain what they do. Here is what they had to say.

Morningstar, Inc. is a leading provider of independent investment research. We offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. We have operations in 28 countries. 

About this Company

Website: www.morningstar.com/company Industry: Financial Services & Insurance
US Headquarters: Chicago, Illinois, 60602 US Sites: 8
Major Locations: New York, New York, 10007; Oakland, Maryland, 21550; Horsham, Pennsylvania, 19044; Washington, D.C., District of Columbia, 20037; Woburn, Massachusetts, 01801 US Employees: 1,769
US Revenues: $590.5 million Worldwide Revenues: $798.6 million
Employees Worldwide: 4,335 Corporate Structure: Public
Stock Symbol: MORN Founded: 1984

Morningstar, Inc. has been awarded:

Fortune's 100 Best Companies to Work for® 2012 (ranked 89)

A few MDPs discussing race strategy before the 2016 JP Morgan Corporate Challenge.

Perks and Programs

We asked Morningstar, Inc. to share a few programs they feel really capture what's unique about their workplace. Here is what they had to say.

  • Sabbatical Program: Regular, full-time employees who are continuing their employment with Morningstar are eligible for a sabbatical leave of up to six weeks in length after every four years of completed service. Employees continue to receive full salary and benefits while on sabbatical.
  • Educational Stipend: Morningstar strives to provide ways for employees to improve their skills and knowledge by providing an annual spend of $1,000 per employee. Employees are able to choose how to use their educational stipend. It can be applied toward books, seminars, conferences, journals, professional memberships, and/or study materials. We also provide another stipend covering the chartered financial analyst exams and membership.
  • Use of Morningstar Retirement Manager: Employees are able to use our Morningstar Retirement Manager product in their 401(k) plans at no cost. Retirement Manager is a suite of investment advisory services designed and developed by Morningstar experts. Through Retirement Manager, employees can receive a personalized retirement strategy to help make it easier for employees to manage their 401(k) accounts.
  • Out at Morningstar: Out at Morningstar is Morningstar’s LGBT employee resource group. The group allows for LGBT employees and allies to connect and develop a greater sense of community at Morningstar. The group has hosted community outreach and happy hours for members internally, has hosted external speakers, and has sponsored recruitment events targeting LGBT individuals.
  • Employer Funding for Health Savings Accounts: Morningstar provides funding for employees’ Health Savings Accounts. We fund $500 annually for employee-only coverage and $1,000 annually if an employee has family coverage.
  • Discounted Gym Memberships: Morningstar partners with a variety of area gyms to offer discounted monthly membership dues for employees. Additionally, we partner directly with Fitness Formula whereby employees can receive a discount membership taken directly from their paycheck.
  • Bagel Day: Morningstar hosts Bagel Day every Wednesday morning at our Chicago headquarters. During this time, we encourage employees to come down to the café to have a bagel and reconnect with people they may not regularly see during the week.
  • Morningstar Scholars Program: The goal of Morningstar’s global tuition assistance and development program, Morningstar Scholars, is to provide assistance to eligible employees pursuing an advanced degree while continuing their employment with Morningstar. We believe that by investing in our employees’ education and development, Morningstar will become a stronger company.

COMPENSATION BY THE NUMBERS

$49,480 Average salary and additional cash compensation for Client Support Representative 75% Match of employee’s 401(k)/403b contribution up to 7% of salary
76% Company-paid health coverage for employees (for Employees that don't participate in our annual Wellness screening) 76% Company-paid health coverage for dependents (for Employees that don't participate in our annual Wellness screening)
No limit hours Weekly hours required for part-timers to receive health insurance $17,500 Average Tuition Reimbursement
$61,250 Maximum Tuition Reimbursement

COMPENSATION PROGRAMS

  • 401(k) or 403b Program
  • Restricted stock units
A Morningstar employee explaining the list of 2017 Kids' Day activities at our DC office.

WORK-LIFE BALANCE BY THE NUMBERS

Unlimited Paid time off after one year of full-time employment Unlimited Paid sick days after one year of full-time employment
6 weeks Paid sabbatical after 4 year(s) of employment Unlimited Paid time off as of first day of full-time employment

WORK-LIFE BALANCE PROGRAMS

  • Flexible schedule (10% use it)
  • Telecommute option (6% use it)
  • Compressed work weeks (2% use it)
  • Onsite Amenities (Monthly massages; broad array of discounts including computer, phone, entertainment, food; patio parties; Divvy bikes; free training and seminars (personal and work-related); free coffee, tea, and soft drinks; free bagels on Wednesday; time-off for volunteering; wellness activities such as the JP Morgan Chase Corporate Challenge; two in-house dining areas)

FAMILY CARE BY THE NUMBERS

60 days Job-protected maternity leave (including FMLA/STD) 60 days Average length of maternity leave new mothers take
60 days Job-protected paternity leave (including FMLA)20 days Fully-paid paternity leave (does not include personal vacation or paid time off)
20 days Average length of paternity leave new fathers take$4,000 Adoption benefit
60 days Job-protected parental leave for adoptive parents (including FMLA)
*Not all employees are eligible for parental leave benefits.

FAMILY CARE PROGRAMS

  • On-site or near-site backup childcare center
  • Lactation room(s)
  • Paid sick leave to care for a child or relative

HEALTH INSURANCE COVERS

  • Mental health care
  • Alternative treatments (such as acupuncture, homeopathy, or chiropractic)
  • Fertility treatments

Community and Environmental Impact

$10,000 Philanthropic donations in last year $122,500 Total company-matched employee donations in last year
Yes Recycling program

Diversity

  • Head of Talent Advocacy is responsible for the success of formal recruiting and retention diversity goals
  • Written policy prohibits discrimination based on (at a minimum) age, disability, race/ethnicity, religious beliefs, gender and sexual orientation
  • Formal programs (such as resource groups, mentorship, networking, or other affinity groups) support professional development for: Under-represented racial/ethnic minority groups; Women; Lesbian, gay, bisexual or transgender employees
  • 20 events a year connect employees with peers from different racial/ethnic, religious or country-of-origin identities
  • Non-birth parents in same-sex relationships can take parental leave
  • Medical care covers gender confirmation surgery

Leadership Diversity

 

Workforce Diversity

 
A Morningstar employee leading a discussion with two local high school students of what it's like to be a woman in the business world.

DEMOGRAPHICS

 
Employees watching the drag queen performance with delight at our 2017 Out@Morningstar Pride Patio Party.

How to Get Hired

We asked Morningstar, Inc. for some inside information on how to get hired at the organization. Here is what they had to say.

What key characteristics tell you a prospective employee will be a great fit for your company?

We look for curious, bright, driven, hard-working people who enjoy collaboration and camaraderie and adhere to the highest ethical standards. We value independent thinkers who have excellent communication skills. Regardless of personal interests, applicants should be guided by a strong desire to change things for the better. We prize creativity and analytical ability; a varied, interesting background gets our attention as well. You’ll find people at all levels of the company with degrees that range from Russian Literature to History, English to Finance, and Psychology to Anthropology. 

What can prospective employees do to get your attention?

Write a great cover letter. Demonstrate genuineness and confidence in one's own skin, and a true understanding and interest in Morningstar and creating better outcomes for investors. True excitement comes through in an applicant's tone in written and verbal communication, follow up, attention to detail, and thoughtful questions.  

Are there any positions or types of candidates you are particularly focused on hiring in this coming year?

We believe in hiring for leadership and core skills and then training on specialized skills.  Examples: Hire good writers and train for investment analysis to develop fund analysts. Hire C developers and train for .NET.  technologists. We have a lot of opportunities available and we are going to work hard in the upcoming year to get the word out about our opportunities.

What should interested candidates do to find out more and get started?

Talk to Morningstar employees. We’re a very friendly bunch. Our corporate website has extensive information about our business and careers. You can find more information here: corporate.morningstar.com/careers. LinkedIn, YouTube, Twitter and Instagram are also good sources on company updates and job opportunities. We also recommend you visit our website for individual investors: morningstar.com.    

hiring Outlook

650 Forecasted positions to fill in coming year 8% Job Growth
57 Average applicants per opening 21,431 Total job applicants
21% New hires by employee referrals 47% Openings filled by current employees
84 Recent graduates hired 14% Voluntary turnover for full-time employees
16% Voluntary turnover for part-time employees
* All figures refer to 12-month period prior to reporting, unless otherwise noted.

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