Low pay and wage stagnation - Senior Equity Research Analyst Morningstar Employee Review

1.0
Aug 19, 2018
Recommend
CEO approval
Business outlook

Pros

Low cost of living compared to NY/SF, solid benefit package

Cons

While the compensation starts out 25%-40% below industry norms, the bigger issue is poor wage progression. Three or four years into the job, you will be earning less than half of your peers at other firms. Other post-MBA work such as consulting pays significantly more. While the pressue might be less than at typical sell-side positions, do not expect to be working less than 50-55 hours per week.

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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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