Sales - Anonymous employee Morningstar Employee Review

5.0
Dec 5, 2016
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Great comp plan. Excellent senior team.

Cons

Late with comp plan release each year.

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Morningstar Response
9y
Thanks for the feedback and your perspective of sales at Morningstar. Our sales team has a history of high retention and satisfaction – evidence that others on the team, like you, recognize Morningstar as a great place to establish and sustain a sales career. We believe this speaks to much more than just a competitive comp plan (although we appreciate that you liked it). Morningstar offers a work environment that is open, collaborative, and high energy. As sales people, we benefit from a great brand that is highly regarded and respected in the markets we serve-- our clients and prospective clients genuinely want to talk to us. We center all of the work and activities around our core mission “to create great products that help investors reach their goals.” And most of us find that to be quite inspiring. Over the past year, we've made a lot of progress on our "sales operations" support behind the team. I'm confident we'll get that comp plan finalized earlier for 2017!

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Cons

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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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