Morgan Stanley Reviews

Updated March 24, 2015
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222 Reviews
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Morgan Stanley CEO James P. Gorman
James P. Gorman
957 Ratings

222 Employee Reviews

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  1. Positive retail financial planning assistant role focusing on marketing.

    • 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

    Helping people prepare for their financial futures.

    Cons

    Stale, corporate setting with little spontaneity

    Recommends
    Positive Outlook
    No opinion of CEO
  2. I have been working at Morgan Stanley

    Pros

    Morgan Stanley will look good on your resume.

    Cons

    The work is tedious and boring. Salaries are low and there is not much room for advancement.

    Advice to ManagementAdvice

    Do Better

  3. Morgan Stsnley use to be a great firm to work for....

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

    I worked at Morgan Stanley

    Pros

    Benefits, training and technology were above par.

    Cons

    Higher up management team were dysfunctional. Forgot how important staff and middle management were to their successes. Working 10-12 hr days for little or no recognition....

    Advice to ManagementAdvice

    Complex managers need to be real and connect with their employees and team members. COMMUNICATE!

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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  5. political

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

    I worked at Morgan Stanley full-time (more than a year)

    Pros

    will work with smart people and learn alot. great if you are end up with a good boss..

    Cons

    it's luck in terms of who you're boss is .. a bad boss can make a bad experience

    Recommends
    Neutral Outlook
  6. Unmet promises

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

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

    Pros

    Some of the people are actually really great

    Cons

    0 incentive to do good work. Depending on the area, everyone is paid exactly the same amount and comp day is worthless. Promises of bonuses, raises, and promotions unmet.

    Advice to ManagementAdvice

    Reward top performers....don't pay them the same as bottom performers

    Doesn't Recommend
    Disapproves of CEO
  7. 3 people found this helpful

    No potential without opportunity

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

    I have been working at Morgan Stanley

    Pros

    Salary, plus partial commissions (25% of revenue) as long as you meet performance goals; which are impossible unless you have a book or are hired onto a team who will insure you meet your performance goals. Will pay you a salary while your studding for your licenses. If you fail you series 7, the first time you take it, your fired. So do take it seriously.

    Cons

    No support of any kind. The interview is purely a sales pitch. Its your business. Do not look for any direction or support on how to succeed. The training is of no value unless you've never been a salesman; the training is exclusively sales training with no training on "how to" open accounts, build a portfolio, or basic investing (you will be left to learn that on your own). Corporate culture. Either you're in or not; if so, you must drink the punch. Very difficult to succeed. They will not hesitate in canning you; I saw four guys get the axe with no notice, just "today is your last day". When they cut you, that same day clients who believed in you enough to hire YOU and open an account with you, will be reassigned to senior guys. They will start calling every client the next day to inform them you are no longer with them. This is the made greed dash to take whatever clients you build while there. Every client I had refused to even talk to these guys out for a easy buck.

    Advice to ManagementAdvice

    Often I hear Management (business development management) complain about loyalty when a multimillion dollar producer or team leaves to go else where. Funny, there is no loyalty from management, but somehow its logical to complain these titans have no loyalty. Why would they have any if your provided nothing more than an office and phone, which every other company is running over each other to offer the same (with a bonus upfront and contract)?

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  8. 1 person found this helpful

    Executive Director at Morgan Stanley

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

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

    Pros

    Well-managed company, good ethics and business decision-makgin

    Cons

    Sub-standard compensation at all levels

    Advice to ManagementAdvice

    Reward your high performers or lose them to other firms

    Recommends
    Neutral Outlook
  9. It's still the dog-eat dog, client-last, boiler room culture of the 1980s

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

    I worked at Morgan Stanley

    Pros

    If you are the family member of a senior employee, you will be set for life, Compensation structure, even after the restructuring for FA comp, is still very generous

    Cons

    To succeed, at least at first, you need to put your own ethics on the back burner and be comfortable with hurting your clients. That is, if you don't, you won't make enough revenue to keep your job.

    Now if you are inheriting someone's book of business or joining a team, it's a much different story.

    Old style marketing expectations. Dialing through the telephone book in the days of "Do Not Call Lists" does not work.

    Other advisors, at least in my office, will stab you in the back if it means stealing an account from you. Unfortunately, there is nothing you can do about it since they are senior and have certain privileges.

    Advice to ManagementAdvice

    Ethics is not just a buzz word which should occasionally find its way into company verbatim. Client first, always!!!

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  10. Quickly going down hill at the Central review unit.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Risk Analyst in South Jordan, UT
    Current Employee - Risk Analyst in South Jordan, UT

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

    Pros

    Competitive Pay
    20 Vacation days
    7 Sick days

    Cons

    5 of the 6 supervisors have left in the past 16 months, due to lack of leadership and personal growth options.

    Original management has been leaving one by one due to lack of interest to retain tenured employees from upper management in NY. This has let in an inexperienced management group who is running the risk area like a entry level role and changing/creating policy on the fly without notification.

    Advice to ManagementAdvice

    Try to retain tenure managers who created the group. Do a formal interview process for new manager roles, don't choose the most tenured risk analyst and offer the role. Their is a reason why these people haven't left and it's because they don't have the experience to do so.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  11. If you don't want any life, work here

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

    I worked at Morgan Stanley full-time (more than a year)

    Pros

    Great location, nice offices, I liked my co-workers

    Cons

    Too many hours worked, unreliable systems, little pay, little bonus, lots of meetings (most of them unrelated to your daily tasks, but they were held by upper management, so they needed bodies in the sear)

    Advice to ManagementAdvice

    Appreciate your employees, offer trainings, offer free parking to employees

    Doesn't Recommend
    Neutral Outlook

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