Morningstar DBRS reviews

4.0

91% would recommend to a friend

(268 total reviews)
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Detlef Scholz

63% approve of CEO

66% positive business outlook

Morningstar DBRS has an employee rating of 4.0 out of 5 stars, based on 268 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Morningstar DBRS employee rating is in line with the average (within 1 standard deviation) for employers within the Management & Consulting industry (3.7 stars).

Reviews by job title

268 reviews
2.0
Apr 23, 2018
Recommend
CEO approval
Business Outlook

Pros

There are really great analysts and hard working people at DBRS, and those at the level of managing directors are typically good - although there are a lot that really should not be in the positions they are in because they take away from the reputation and skill the really great ones portray.

Cons

Upper Management. They are completely out of touch and out of tune with employees and make decisions in their own or the owners best interests without considering the employees at all. They are losing a lot of really excellent employees in Toronto especially, where the company was founded, because those who are running the show now (most from New York) are forgetting where the true heart and soul (and at one time, loyalty) of the company started and exists.

1.0
Apr 10, 2018
Recommend
CEO approval
Business Outlook

Pros

-Work life balance is probable one of the few highlights.. -Certain managers (MD or above) have good vision, but...see Cons

Cons

-High proportion of unprofessional staff regardless of job titles. Excessive gossips/non-work related conversations/talking behind one's back is unheard of and rather disturbing. This aspect is understandably prevalent in any organization, but should be dealt with urgently to preserve/improve overall productivity (i.e.: policy in place to disincentivize individuals so that they will learn to respect others and mature up by concealing their immediate needs to gossip about things every 30 minutes, or completely take the gossips outside of the workplace) -Promotion tends to be based on favouritism as opposed to meritocracy; that is, transparency of/rationale behind the promotion process is little to none. As such, the firm could have been marginally sending away individuals with better work ethic and integrity while retaining the ones who understand how to game the system. By the way, there are lots of gamers. -Family like culture seems to strangle the necessary feedback loop and reassure certain egotistical individuals to continue conducting themselves the way they have been doing, and any criticism/feedback only leads to adversity as opposed to the needed agreement on how things should be done and the necessary improvement for the team and DBRS. -On 2nd point in "Pros" section, good vision sometimes does not translate into value-added results/products, especially when some of your team members (Eg: VP/SVP) only talk big but fail to deliver in time. Certain individuals need to set ego/seniority/laziness aside and roll up their sleeves to get things done.

1.0
Mar 26, 2018
Recommend
CEO approval
Business Outlook

Pros

- Only good as a last resort if you’re desperate for finance experience and you need to get your foot in the door.

Cons

- More than half of staff has been turned over during the past year - Awful, inexperienced managing directors who lack any sort of self-awareness - Indifferent CEO/head of Canada that are pretty much in retirement mode - An internal survey was completed by staff showing significant dissatisfaction and no actions were taken to address this - DBRS is basically a quasi-government organization since it has government salary /bureaucracy without the benefits and job security you would see in the government - The firm’s reputation has really deteriorated over the past few years

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Morningstar DBRS Response
8y
Thank you for taking the time to share your feedback. It’s unfortunate that you have a negative view of our Canadian operations. I’d like to point out a few things which you may not be aware of. First, our voluntary attrition in Canada last year was 16%, which is equal to the average across all companies in Canada. Over the last 4 months, that number has dropped to 11%. Second, we recently presented the results of the employee engagement survey at our regional town halls and hope you attended. You would have learned that several actions are already underway, and more are in the works as we look to improve employee engagement. Third, we continue to attract and retain people with competitive market based salaries based on salary survey data and research through our recruiting efforts. We believe DBRS is stronger now than any other time in our history and hope you will recognize that over time.
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Glassdoor has 319 Morningstar DBRS reviews submitted anonymously by Morningstar DBRS employees. Read employee reviews and ratings on Glassdoor to decide if Morningstar DBRS is right for you.