What's It Like to Work at Morningstar?

The 11th annual rankings were based primarily on survey responses from more than 217,000 employees working at companies within the U.S. that employ more than 1,000 people. The organizations were stratified so that companies with 1,000 to 5,000 employees were deemed midsize, while companies with more than 5,000 employees were considered large employers.

Survey respondents (who remained anonymous so they could answer freely) were asked if they would recommend their employer to others and to rate it based on a range of criteria, including salary, work environment, benefits and opportunities to advance. Participants were also asked if they would recommend their previous employers (within the past two years) and the employers they knew through their industry experience or through friends or family who worked there.

The responses were tallied and analyzed along with additional survey data from the last three years, which allowed for a robust assessment of organizations that consistently ranked well versus those that may have had just one good year. The more recent data and the evaluations from current employees were weighted more heavily than others.

View the full list here: Forbes 2026 America's Best Midsize Employers