Morgan Stanley Reviews

Updated March 28, 2015
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Morgan Stanley CEO James P. Gorman
James P. Gorman
957 Ratings

128 Employee Reviews

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  1. WORST PLACE TO WORK. NO TRAINING, INSENSITIVE TO EMPLOYEES NEEDS, MANAGEMENT DOESN'T CARE.

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Morgan Stanley

    Pros

    Compensation only. However compensation not excuse for insensitive, uncooperative and inflexible corporate culture. Worst place to work.

    Cons

    worst place to work. no training.... cut-throat competition. horrible! horrible! horrible!

    Advice to ManagementAdvice

    Invest in employees. Train employees. Encourage inclusion and diversity.

  2. HORRIBLE place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Contractor - Customer Service Representative in Columbus, OH
    Former Contractor - Customer Service Representative in Columbus, OH

    I worked at Morgan Stanley as a contractor (less than a year)

    Pros

    I can not think of one pro for working with this company.

    Cons

    You go in as a temp/contractual to hire and you are made aware of this every minute of every day you are there. There training was the most horrible experience I have ever had. They were bringing so many people in at my time of hire that they pulled a random person from the floor to facilitate our training. There was verbal abuse, making fun of employees, complete disrespect and total cauos during training. Going to one of their very small break rooms and looking around you would see people who were so unhappy and discontent with the company and position that it was disheartening. I have worked in the corporate business world for 20+ years and I have NEVER seen this type of behavior and total hatred for a company. The employees who work there are extremely unfriendly and the total atmosphere is toxic. I have never experienced this type of discord and lack of professionalism in my entire career. How this company continues to make money is a shock to me. Avoid at all costs.

    Advice to ManagementAdvice

    Stop the insanity, do not prejudge employees and offer better training. Listen to the employees you have and delve into why there is no support for employees just starting out. I experienced a situation where an employee waited over 30 minutes just to get help to discuss an issue with a client and there was NO one to be found to assist.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3. Not a career in bmore

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Morgan Stanley

    Pros

    Good name on your resume

    Cons

    High turnover, unappreciative work environment

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  5. Not a Good Company for Women

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - IT Manager in New York, NY
    Current Employee - IT Manager in New York, NY

    I have been working at Morgan Stanley

    Pros

    A lot of exciting projects, and intelligent people.

    Cons

    You are at the mercy of a manager(s) who have 1950's preconceived notions as to what a woman's role in the company is. Numerous complaints about said manager(s) are ignored.

    Advice to ManagementAdvice

    You lose a lot of great people when you choose to look the other way.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6. A terrible place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Field Sales Manager
    Former Employee - Field Sales Manager

    I worked at Morgan Stanley full-time (more than 10 years)

    Pros

    Economic behemoth with unlimited resources

    Cons

    There are no humans employed. Only cost centers and revenue cogs.

    Advice to ManagementAdvice

    Get back to treating employees as human beings and essential parts of a team.

    Doesn't Recommend
    Neutral Outlook
  7. Horrific

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Morgan Stanley

    Pros

    I can't think of any pros

    Cons

    This company only cares about their profits not their employees. Past 2 years have been good for company but basically 2% raises for employees. Management is incompetent and they keep promoting them. For further description read advisorhub

    Advice to ManagementAdvice

    Without advisors and staff you have nothing. Maybe you should see how you get paid.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8. Soul sucking experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Advisor Associate in Portland, OR
    Former Employee - Financial Advisor Associate in Portland, OR

    I worked at Morgan Stanley

    Pros

    Good pay and fun relationships with coworkers.

    Cons

    This place is the ultimate meritocracy, and you are going to learn quite a bit about the engine of capitalism.

    If you are new to the business, they will partner you with a senior advisor who has one goal in working with you: have you help him raise as many assets as possible for him. These people will sink their teeth into your most personal relationships that your job is to tee them up with. Additionally, you will be cold calling all day for years. This firm provides zero resources in terms of giving you an existing book of assets to manage, or any real leads to call. Do not expose your relationships to Senior FAs, as these people are polished and master manipulators ... will spin you around and spit you out. Some of the things you'll see in this environment will be very strange and leave you scratching your head.

    Good place to start your career but ultimately not a good place to build a career. Might be a good place to end a career. One year of training with a salary would be perfect for a new advisor. After that, find a smaller firm.

    Advice to ManagementAdvice

    N/A

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  9. HR is absent in managing career progression of top performers!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Morgan Stanley full-time (more than 5 years)

    Pros

    * Was a top tier brand prior to becoming a bank holding company in 2008.
    * Good to get 2 years experience for entry level candidates, and then leave.
    * For financial advisors, need to weigh branding and admin benefits of being part of such a large organization versus running your own shop or working for a smaller bank. Know lots of MSSB advisors who left for Wells, BofA and others and are much happier.

    Cons

    * When poor performance and in some case absence of managers, HR is not empowerful or lacks will to interceed.
    * Unethical behavior when raised to HR is failed to act on. HR acts as proxy for Management,
    * Many top level managers, especially in IT, have been in same role for 15-20 years and have no broad experience. Company needs to rotate "up or not" all senior level managers ED and MDs..
    * Bring you into bank on comp model of 'take a salary base cut and then get a larger bonus." Then once in you get repetitive reminders that bonuses are just that and cannot be relayed on. Don't take base cuts when joining!

    Advice to ManagementAdvice

    * Number 1 asset of an investment and financial advisory organization is it's intellectual capital.
    * Senior Management and HR needs to own people as corporate asset, not relay on whims of individual managers.
    * All EDs and MDs should be rotated every 2-5 years unless a major specialist.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  10. 1 person found this helpful

    Poorest treatment relative to the companies I have worked for during 20 years in this industry.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Morgan Stanley full-time

    Pros

    There are a lot of intelligent people who work here.

    There are hard-working people who work here. When you are working after-hours, there is a higher probability that a team member will work after-hours with you relative to other employers.

    Cons

    This company is not humanitarian in how they treat one another. The first sound I heard when I was hired into the firm was someone crying in a bathroom. I just heard today that another colleague was in meetings where an employee cried in the team meetings several times.

    This is the only company I have worked for where I recall receiving phone calls that were actual threats.

    My first company-wide holiday consisted of finding out on Friday afternoon that I would be working that weekend. I had plans to meet my friends at a ski resort that weekend. I worked 16 hours alone that weekend. I was reassured on Sunday that this was normal, and indeed, it was.

    Sexual harassment is accepted practice within our parent organization. There is a history of sexual activity in an executive bathroom with a well-known Managing Director. Most women, with the complete exception of those employed in HR, have no concerns about the activity. Because it is normal, and everyone has accepted that that is just how things are.

    This company focused on the 10% of your abilities which could be improved, and completely loses sight of the 90% of activities which you perform well.

    Advice to ManagementAdvice

    The cons I have listed are in regards to Executive Directors & Managing Directors.

    For this reason, the advice would need to go those employed in the top 5% ranks. Not Managing Directors, but the highest-ranking Managing Directors. For those individuals, who demonstrate a real commitment to this company, I would recommend listening to exit interviews and the weekly calls the employees make to the HR department. And come up with an action plan for the common, recurring feedback.

    Candidates who have worked for other companies will know that the culture here is unacceptable and abnormal. Those who stay are those who don't know their other options in the marketplace, and therefore don't know how poor their quality of life at the firm is.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  11. Associate

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Morgan Stanley

    Pros

    The brand its recognized world wide.

    Cons

    Worst compensation compared to similar firms in the area. High turnover due to low salary and generally unhappy because of lack of recognition and reward for work. There's also a layoff in almost each group every year.

    I have many friends who quit and are much happier at new firms, but I was lucky to have a great manager which is why I'm still here.

    Advice to ManagementAdvice

    Better compensation

    Non financial rewards, I.e. extra vacation, flexible schedule, recognition

    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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