Morgan Stanley Reviews

Updated April 15, 2015
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223 Employee Reviews

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  1. Financial Advisor / Portfolio Manager

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

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

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

    Pros

    Remarkably, there are still a lot of really bright and impressive people left at the firm. The discounted cell-phone bill is really nice.

    Cons

    The company is a mess. The seemingly endless technology rollouts to implement software platforms that were designed to fix systems that were more than fine merely disrupted work flow. There is a disconnect between upper management and those who work with clients on a day to day basis. The firm is rather top heavy with management, creating a "too many chiefs..." scenario. Most of the talented advisors and assistants left within the first 2-years of the Smith Barney.

    Advice to Management

    Get rid of the multiple layers of management and bring in a select group of leaders who have run a book of business before. Instead of coming up with catch phrases like, "Client First," try for once to actually put the clients first and stop charging them ridiculous fees for trivial actions that take little to no manpower. If you are going to try and convince advisors to form teams, give them a system that makes forming a team beneficial to all – not just the senior advisors. Team payouts and bonuses should be designed and awarded in a way that allows the junior advisors to share the same payouts as their senior partners. Stop treating the Client Service Associates like they should be grateful for having their job – they do more for the clients and advisors that they work with in a single day than any manager does, for anyone, in an entire year. Take a long and deep look at the culture that you have created and ask yourselves, "Is this really the best that we can do?"

  2. Wealth Management Internship

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Morgan Stanley

    Pros

    Nice office in a nice location. My boss was nice.

    Cons

    Cold-calling all day long. It got old pretty quickly.

  3. Great Company to get licenses; however, cannot trust advisors.

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

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

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

    Pros

    They have a great training program for Financial Advisor Associates to obtain their licenses. Once you pass your series 7, 66 licenses they fly you to N.Y. for a one week intensive training program. I found this to be a great learning experience.

    Cons

    Both managers and senior advisors cannot be trusted. This program is designed for FAA's to fail. Management brags of a less than 5% success rate in the program unless you are a relative of a senior advisor. Nepotism is highly regarded in most offices, and their is "NO" incentive given to your success. Basically, the senior advisors use you for new revenue , and management encourages this behavior.

    Advice to Management

    Management should have responsibility for new advisors success rate, and not allow senior advisors to "use" new advisors. There is no cost associated to branch managers and senior advisors when a new advisor does not succeed. Also, This arrogance will end up hurting the company brand over time; younger generations will "NOT" want to be associated with a company that practices this behavior.

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  5. A lot of lip service...not a lot of commitment

    • 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

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

    Pros

    I guess there's some level of bonding when everyone seems to feel like you're in the trenches together. There are a lot of people who have been there a long time. Encourage mobility and not leaving.

    Cons

    Too many people around the organization joking about being ready for divorce court. Want to work weekends? Want long hours? Then MS is the place to be.

    Advice to Management

    Step up and stop talking about it - hire people and stop working people to the point where the only option is to walk out the door!

  6. not a good place to start

    • 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

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

    Pros

    nice office, nice assistants, good lunches

    Cons

    very little help in getting you off the ground. You are set up to fail.

  7. Helpful (2)

    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)

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

    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 Management

    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.

  8. 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)

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

    Pros

    Market hours, pretty good benes

    Cons

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

  9. 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)

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

    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 Management

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

  10. Helpful (1)

    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

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

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

    Cons

    quite competitive; no one tells you anything

    Advice to Management

    easy with the pay cuts dude

  11. 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)

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

    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 Management

    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.

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