Morgan Stanley

www.morganstanley.com
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217 Employee Reviews Back to all Reviews

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  1. 2 people found this helpful  

    A retail brokerage, not an investment bank anymore

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

    I worked at Morgan Stanley full-time (more than 8 years)

    Pros

    Morgan Stanley's IT department focuses on some aspects of work-life balance well, like support for certifications and working from home.

    Cons

    Compensation has been on a pretty steady trend downwards - double-digit percent cuts are not made up by the occasional "better" year that goes up maybe 2%. Opportunities for career growth have always been limited by a highly competitive environment that has gotten more competitive as management has chosen to flatten the org by letting go of people with more senior titles.

    Advice to ManagementAdvice

    Stop focusing on reducing cost as the only route to profit. Every study ever shows that long-term growth comes from investing in your employees, paying them well, making them happy and productive.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2.  

    Not the best place to work not the worst

    • 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 a year)

    Pros

    Market hours, pretty good benes

    Cons

    Everything else. No room for advancement unless you want to be a Financial Advisor.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  3.  

    Steep Learning Curve, Terrible Culture

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

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

    Pros

    While I was interning there I learned a lot of great modeling and communication skills.

    Cons

    The firm has a terrible competitive and cliquey culture. As a minority, I felt like I always had to try hard to fit in. Some of my managers also showed favoritism and they never assigned me projects that allowed me to grow professionally. I also had a huge problem with the way the company was always comparing themselves to Goldman. Would not recommend to a friend.

    Advice to ManagementAdvice

    Consider constantly comparing yourself to Goldman and try to be a little more inclusive like you claim to be.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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  5. 1 person found this helpful  

    So so

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

    I worked at Morgan Stanley as a contractor

    Pros

    fleixble working hours. worked from home lots but they were closing that

    Cons

    quite competitive; no one tells you anything

    Advice to ManagementAdvice

    easy with the pay cuts dude

    Recommends
    Neutral Outlook
    No opinion of CEO
  6.  

    Learn here, make money somewhere else.

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

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

    Pros

    Great online classes and opportunity to learn. Lots of mobility opportunities, especially if you want to go abroad. People are nice.

    Cons

    Your reviews mean nothing. Management will let good people leave if they think they can save money by hiring someone junior. Many people learn and move on. Although management preaches about one on ones and career development, it is non existent. No work life balance.

    Advice to ManagementAdvice

    If you keep some good people you can have something great. Stop training people up and letting them go to the competition. Only people who care about town halls are managers trying for their next promotion.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  7.  

    bad timing

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

    I worked at Morgan Stanley (more than a year)

    Pros

    good resources
    good research
    reputation. along w/ Goldman, MS is an 800 lb gorilla in the field.

    Cons

    no real employee development program for the advisors. No patience to let FA's develop a book of business.
    At the time of my employment, excessive # of employees, due to MS / Smith Barney merger. Back biting and scrambling for positions as they shrank in size.

    Advice to ManagementAdvice

    take a longer term look at employee development

    Doesn't Recommend
    Disapproves of CEO
  8.  

    Great experience. Not good pay.

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

    I have been working at Morgan Stanley full-time (more than 8 years)

    Pros

    work-life balance, personal growth, office culture

    Cons

    promotions, compensatino (base and bonuses), training, management

    Advice to ManagementAdvice

    compensate your employees for the hard work they do!

  9.  

    Highly political, employees are seen in dollar not human terms

    • 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

    Still employs highly intelligent and motivated people. The highly complex, global environment and fast pace offer challenges and learning experiences unavailable in smaller domestic companies.

    Cons

    Simply put, you're asked to give more than you get. You'll need to work long hours and weekends. Your personal life and academic interests will have to take a subordinate position to the firm's current agenda. Politics rather than results are rewarded. Innovation, dedication, and results are not valued beyond rhetoric.

    Advice to ManagementAdvice

    Clean out the reigning middle management who put the company in its current rut. They got to the top in a time when the market was moving so fast that short term focus and cut throat politics were most important. Now the operating environment is different and we need to think more long term and creatively. Management continues pulling up politicians like themselves into leadership roles and stifling innovation while ruining the MS culture.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  10.  

    Treasury controller

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

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

    Pros

    Nice Bonuses at year end were expected

    Cons

    Sometimes management play favorites with their pets

    Recommends
    Negative Outlook
    Approves of CEO
  11.  

    A lot of knowledge to be learned, but a dry culture

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Morgan Stanley

    Pros

    A lot of available knowledge, a lot of money can be earned in the right positions with the right people

    Cons

    Identifying the right people to work with, poor company culture with debatable honesty

    Advice to ManagementAdvice

    Focus in on your culture and focus in on cultivating your younger employees

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