Flexible PTO, but poor new grad program experience - MDP (Morningstar Development Program) Morningstar Employee Review

1.0
3 Jun 2026
Recommend
CEO approval
Business outlook

Pros

Honestly, the only pro is the flexible pto policy.

Cons

Morningstar hooks new grads up with this program where they keep you answering the phone on customer support for years without actually learning skills or rotating you to new roles as promised. Once you are finally able to rotate, no roles will want you because you don’t have any experience doing anything other than answering the phone for clients. And after, you don’t qualify for others companies new grad jobs. I don’t recommend this program to anyone. It is not what they advertise it to be.

Explore other reviews about Morningstar

5.0
5 Feb 2026
Recommend
CEO approval
Business outlook

Pros

Honestly amazing, the pay is amazing, 150,000+ for an analyst, with great benefits and the ability to work from home.

Cons

Hard to beat another firm that will pay 150,000 base for junior employees. People often forget to respond or follow up in the company but just stay patient.

4.0
14 Apr 2026
Recommend
CEO approval
Business outlook

Pros

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.

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