Paltry pay, pathetic bonuses - Equity Research Analyst Morningstar Employee Review

1.0
Aug 30, 2018
Recommend
CEO approval
Business Outlook

Pros

Free drinks and casual dress.

Cons

Terribly low pay. If Morningstar really cared about its equity analysts, it would compensate them fairly. The wages are WAY below industry norms and that of many other careers that require far less out of the employee. I would dissuade anyone with an interest in financial markets from even applying to Morningstar. Being an analyst requires three things 1) hard work 2) intelligence and 3) good communication skills. It makes zero sense to work for Morningstar-level wages if you possess all three of these attributes. You can make far more with less effort doing almost anything else - corporate management, sales, etc. The reason that most analysts stay at Morningstar is that they are stuck due to family commitments and geographic restrictions.

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5.0
Apr 21, 2026
Recommend
CEO approval
Business Outlook

Pros

Collaborative environment, learning mindset, great work life balance

Cons

Not a lot of exceptions for fully remote status

1.0
Jun 3, 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.

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