More Walmart Than Wall Street - Director Morningstar Employee Review

1.0
26 Jul 2020
Recommend
CEO approval
Business outlook

Pros

total absence of confrontational behavior, lack of aggressive personalities

Cons

Astute applicants who have gotten this far probably think they know the cons already. You don't. Morningstar is not a place for anyone to reach their potential. For managers, you are expected to sell the concept of low pay, no raises, and minimal resources for the greater good -- as if this was a startup. Convince the team that they don't need what they need nor should receive the wages they deserve. The success of this company rests largely in its ability to underpay and underresource staff. Place them in inadequate, cramped office space. Condition employees not to ask for anything, however important. Basically, the strategy constrains costs to manage turnover to X percent a year. I have yet to find anyone who was gainfully employed at another firm in the same position actually come to Morningstar. It is usually someone who is a job switcher or whose previous position didn't work. My advice to candidates, consider employment on the coasts - even if you live separately from your family for multiple years -- even if the household economics are worse. Working for Morningstar can have a severe, negative impact on your career trajectory that will be difficult to correct later.

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Morningstar Response
5y
We’re sorry to hear you didn’t have a satisfying experience at Morningstar. However, there are some concerning and inaccurate statements in your review. It sounds like there’s a gap between your experience and the feedback we receive on a continuous basis from our people around the world. First, our company was built around supporting our people and providing the best opportunities to advance and build a long career and we are especially proud of the many 10, 15 and even 20 year tenured employees, We have very low turnover as a result which speaks to how satisfied our people are working here. And, we think our office space is pretty spectacular! Many of the reviewers here have pointed that out as a benefit they enjoy quite a bit. Creating a modern, open space was something we pioneered, and many leading companies have shifted to this over the years. That said, the reality of COVID-19 and how we work together puts everyone in the position to begin planning how to reconfigure and ensure safety protocols are in place in our offices for the foreseeable future. Our business continuity team has been working around the clock to support our people and reinforce that each employee’s safety comes first. Recent employee survey feedback shows that 97% of the people who have worked in our global offices found the office safe, clean and that Morningstar was well-prepared. Prior to the crisis, our global workplace and design teams were in the process of developing plans for enhancing our space in our largest offices to better support our growing teams and provide well-being areas, private telephone rooms and more. We know that Morningstar is not the right culture and environment for everyone, and we’re sorry it didn’t meet your expectations. We wish you the best of luck in your next career challenge.

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Cons

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