Go To

Illinois Job Source

Add Your Resume

Morningstar

Provides information on mutual funds, stocks and other investments.

Headquarters:
225 West Wacker Dr.
Chicago, IL 60606
Employees: 3,165
CEO: Joe Mansueto
Stock Symbol: MORN

Website: http://www.morningstar.com

Career Site

Morningstar is a leading provider of independent investment research. Morningstar provides data on approximately 370,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 4 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. It has operations in 26 countries.

The company offers an extensive line of Internet, software, and print-based products and services for individuals, financial advisors, and institutions.

In 2009, Morningstar reported revenues of $478.9 million and net income of $82.4 million.

History

Joe Mansueto founded Morningstar in his Chicago apartment in 1984. There was enormous growth in mutual funds in the 1980s but Mansueto found that individual investors could not easily find information about fund performance. By providing useful, informative mutual fund analysis and commentary to the individual investor, Morningstar emerged as a leading source of investment information. The company's first product, The Mutual Fund Sourcebook, made its debut in 1984 and was a quarterly comprehensive collection of mutual fund data, priced to be affordable for individual investors.

The Morningstar ratings for mutal funds made its debut in 1985.

The company launched its website in 1997 and went public in May, 2005.

Benefits

Medical and Dental Plans
Morningstar offers medical, dental, and vision coverage to employees and their families. Morningstar's benefits philosophy is to provide access to excellent health care while maintaining low out-of-pocket costs.

Flexible Spending Accounts
To help you manage your out-of-pocket costs, we also offer health care and dependent care flexible spending accounts. We even match the first $100 of your contributions to these accounts.

Incentives
While salary is an integral part of each employee's compensation, Morningstar believes that short- and long-term rewards are also meaningful methods of recognizing your efforts. Morningstar's bonus plan rewards both individual and collaborative contributions to Morningstar's financial success. The stock option plan is another means of engendering a long-term commitment and entrepreneurial spirit at Morningstar.

401(k) Plan
Our financial incentives are geared not only to reward you while at Morningstar, but also when you retire. Our 401(k) plan offers you a retirement vehicle, allowing you to allocate pretax dollars directly from your paycheck into a portfolio of mutual funds and a money market account. You choose how much is allocated to your selection of funds. Our vesting schedule and match are aggressive-you are 100% vested after only two years of employment and Morningstar matches your deferral up to 7%, dollar for dollar.

Vacations
Balancing work and personal obligations is a challenge and Morningstar provides you with three tools-vacation, sabbatical and leave-to maintain the delicate balance. Morningstar does not adhere to a "use it or lose it!" vacation philosophy. Instead, the amount of time you take off is up to you. We do encourage you, however, to take a minimum of three weeks off per year. When you take a vacation, it is your responsibility to make sure your work is handled in your absence by discussing your plans with your manager and co-workers.

Sabbaticals
Sabbaticals, usually a benefit reserved for tenured college professors, are one of the most touted benefits of working at Morningstar. Every four years, you are granted a six-week paid leave to explore, experiment, and experience. What you do is up to you. We view the sabbatical program as a way of saying thanks for helping us grow, and as a way to help you grow.

Continuing Education
Morningstar is committed to the personal and professional development of all of its employees. We encourage lifelong learning through an annual educational stipend that you choose how to spend. We also subsidize and reward employees who pursue a CFA, CFP, or career-related designations. For employees in degree programs, Morningstar covers 80% of tuition, books, and lab fees.

Perks
In addition to our core commitment to your personal well-being and professional success, Morningstar has developed dozens of smaller, but significant perks. We firmly believe that the "little things" count as well. Our perks include:

Workplace
- Casual dress every day
- Open, egalitarian environment
- Free beverages
- Free bagels every Wednesday

Social Events
- Holiday and summer parties
- Excursions to ball games, parks, and other summer activities

Employee Discounts
- At-cost subscription to products for family members
- Employer-sponsored backup childcare services
- Employee discounts at selected merchants and retailers
- Tax-free purchases of mass transit passes and public parking expenses

Updated January 1, 2011