Morgan Stanley Reviews

Updated July 16, 2015
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Morgan Stanley CEO James P. Gorman
James P. Gorman
98 Ratings

Pros
  • Good work-life balance depending on your role (in 117 reviews)

  • Smart people from diverse culture & background (in 93 reviews)

Cons
  • Work life balance is really bad (in 109 reviews)

  • Long hours leading to potential burnout (in 121 reviews)

More Pros and Cons

242 Employee Reviews

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  1. Sr. Registered Client Service Associate

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Los Angeles, CA
    Current Employee - Anonymous Employee in Los Angeles, CA

    I have been working at Morgan Stanley full-time (More than 10 years)

    Pros

    I work with great advisors

    Cons

    Management does not support staff. Other advisors can be disrespectful and get away with it.

    Advice to Management

    Hold all accountable for their actions, even revenue producing Advisors.


  2. 50/50

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Operations Analyst in Baltimore, MD
    Current Employee - Operations Analyst in Baltimore, MD

    I have been working at Morgan Stanley

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    The pay is good at the beginning. Great on your resume.

    Cons

    Very slow process of getting promoted. No wiggle wrong on salary

    Advice to Management

    Focus more on the young employees to keep them long term


  3. Helpful (3)

    Company is not what it seems

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

    I have been working at Morgan Stanley full-time (More than 10 years)

    Doesn't Recommend
    No opinion of CEO
    Doesn't Recommend
    No opinion of CEO

    Pros

    Nothing really positive to mention

    Cons

    You can do better. Management expects employees to pony up for charitable causes but doesn't do anything to improve the employees situations. Raises running 0%-2% past few years. Reductions in benefits.

    Advice to Management

    Get a clue how to treat employees


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  5. Don't Drink the Kool-Aid

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

    I worked at Morgan Stanley full-time

    Doesn't Recommend
    Disapproves of CEO
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Great place to start and learn the business. Paid training.

    Cons

    Once your business is established you are significantly better off leaving and going independent. Payouts don't only jump from 40-45% to 90%+, but there is compensation that isn't credited to your grid that makes the pay closer to 3 to 4 times more, not just double. All the resources you have at MS is available on the independent channel and more. You have a harder time figuring out what to do than finding something at all.


  6. Helpful (2)

    Losing Ground

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

    I worked at Morgan Stanley (More than 10 years)

    Doesn't Recommend
    Doesn't Recommend

    Pros

    The atmosphere is so poisoned there are none that I can think of besides getting a paycheck

    Cons

    no work life balance, unrealistic expectations

    Advice to Management

    The franchise was top notch one time. A great place where contrary input was valued and your voice mattered, Management should try and reverse course


  7. Helpful (11)

    VP- IT in algo trading. Sweatshop... All stick, no carrot.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President- ISGT in New York, NY
    Former Employee - Vice President- ISGT in New York, NY

    I worked at Morgan Stanley full-time (More than 3 years)

    Doesn't Recommend
    Doesn't Recommend

    Pros

    You work with smart people- there is a comraderie in being underpaid and overworked. The work was often fairly interesting, and what you did mattered- you learn that all too well the first time you make a mistake. Its easy to get promoted. If you are reasonably competent, you are pretty much guaranteed to be a VP in 5 years!

    Cons

    Stress is off the walls. In the algo trading group, you have billions of dollars pushing through your systems every day. Thousands of boxes, dozens of strategies, tons of connections. So much can go wrong. Yet the pay is mediocre- most guys on my team did not get a bonus or got a token bonus (under $3000) in the previous 3-5 years. The IT division is 70% consultants. The consultants get paid on a day basis, so that means the remaining full timers get stuck with all the weekend work because they don't want to pay consultants. So if there is some kind of release, server upgrade, network change that needs to be verified, its all on the remaining guys- and that 30% that is left also includes managers, who won't be joining you on those calls. The red tape is torturous. On one side you have your managers and business counterparts who are all over you to get a change out, and on the other side you have this vast machine who is pushing hard against you to force you to fight to get it out. Every year there is a new excuse as to why the bonuses were non-existent. ROE is too low, Earnings are up, but revenue isn't... its all a bunch of BS, IT is a cost center, and they aren't getting paid, regardless of whether you are some kind of server monkey or in the front office writing strategies.

    Advice to Management

    Treat your people like you actually value them. If you aren't going to pay them, let them work 9-5.


  8. Helpful (1)

    Review

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

    I have been working at Morgan Stanley

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    Pros

    learn a lot about wealth management, investments, portfolio analysis, etc.

    Cons

    the people are not that smart / ambitious. entire office atmosphere is based on the drinking culture


  9. Bigger not better

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Registered Client Service Associate in South Florida, FL
    Current Employee - Registered Client Service Associate in South Florida, FL

    I have been working at Morgan Stanley full-time (More than 10 years)

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    Name. System software becoming more user friendly

    Cons

    Upper Management out of touch with regular employees/ branches. Compensation low - must depend on bonus or small incentive pay to keep up. 3% average annual pay raise for hourly employees barely keeps up with cost of living. Local management extremely over worked so not available for basic assistance. Morale low since joint venture.

    Advice to Management

    Upper management - stop counting your money and see what the front lines are dealing with. Hire more managers, compensate support staff appropriately considering the extremely sensitive and demanding work they do every day to keep clients happy and your pockets full.


  10. Misaligned incentives/responsibilities...

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor Associate in Morristown, NJ
    Current Employee - Financial Advisor Associate in Morristown, NJ

    I have been working at Morgan Stanley full-time (More than 3 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    The name Morgan Stanley still carries some credibility, the sell-side research is great (even though you have a better chance of winning the lottery then ever getting one on the phone)

    Cons

    Out of touch mgmt, low morale all around, poor work/life balance, below avg comp, back office support departments are a joke

    Advice to Management

    Take a mgmt course


  11. Helpful (1)

    No loyalty, well below market compensation

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

    I have been working at Morgan Stanley

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Hours in this particular group are very decent but this fluctuates based on the time of year and the group. Relatively patient work environment.

    Cons

    Comp is extremely low especially for long time employees. The firm has no sense of loyalty to their employees and it shows in the way management treats employees from both a compensation and work life balance.

    Advice to Management

    Be honest with your employees. Try to keep the compensation of long time employees in line with market rates.



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