Morgan Stanley Smith Barney

  www.morganstanleysmithbarney.com
  www.morganstanleysmithbarney.com

Morgan Stanley Smith Barney Reviews in Chicago, IL

496 Reviews
3.3
496 Reviews
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Morgan Stanley Smith Barney President Greg Fleming
Greg Fleming
146 Ratings

Review Highlights

Pros
  • Good understanding middle management about work/life balance (in 15 reviews)

  • Good benefits/PTO, fast-paced learning environment, great advisors (in 22 reviews)


Cons
  • There is a disconnect between the companies desire for Financial Advisor Associates to succeed and their actions (in 20 reviews)

  • Invariably, unless you are part of a team you will not make it through the training program (in 13 reviews)

More Highlights

5 Employee Reviews Back to all reviews

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  1. 1 person found this helpful  

    The people I worked with at Morgan Stanley were great, and that made coming into work enjoyable.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Client Service Associate in Barrington, IL
    Former Employee - Client Service Associate in Barrington, IL

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

    Pros

    Morgan Stanley has a great work environment where everyone is willing to help each other out. The employees work very hard and in turn get rewarded for it.

    Cons

    I was only working at MSSB for a short period of time so I don't really have anthing negative to say about the company. However, just like at any other large company your role can seem very small.

    Advice to ManagementAdvice

    I enjoyed the management at my office.

    Recommends
    No opinion of CEO
  2. 1 person found this helpful  

    Helped various advisers with mutual fund research, cold calling, and marketing materials

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Intern in Oakbrook Terrace, IL
    Former Employee - Intern in Oakbrook Terrace, IL

    I worked at Morgan Stanley Smith Barney

    Pros

    -Smart people
    -Nice location
    -Great research resources
    -Resume builder

    Cons

    -Cold calling is required
    -Advisers are not all friends, so its weird
    -Very quiet
    -older employees

    Advice to ManagementAdvice

    Cold calling does not work well enough to waste interns time on it. They could be used more efficiently by creating brochures or sitting in on Fund sales pitches

    Recommends
    No opinion of CEO
  3. 1 person found this helpful  

    Intern at MSSB

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Portfolio Management Intern in Chicago, IL
    Current Employee - Portfolio Management Intern in Chicago, IL

    I have been working at Morgan Stanley Smith Barney

    Pros

    Great people work there, flexible with time off during finals, and as an intern you get a good solid base of a finance and software programs.

    Cons

    Do not pay interns that well, the job is monotonous, and some of the people you deal with are incompetent and it is difficult not to say anything to them.

    Advice to ManagementAdvice

    Leadership is pretty basic because I work in private wealth management, you have the management who oversee everything, but then you have each Financial Advisor who have Client Service Associates working for each of them.

    Recommends
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  5. 1 person found this helpful  

    Great, well-respected place to work.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Wealth Management Intern in Glenview, IL
    Former Employee - Wealth Management Intern in Glenview, IL

    I worked at Morgan Stanley Smith Barney

    Pros

    My group at Smith Barney proved a great place to get my feet wet in the financial industry and learn all about different types of investments and aspects of building a portfolio. My team was fantastic at giving me on-the-job training and giving me more and more responsibility as I proved myself in each assignment.

    Cons

    The FA compensation is structured such that, at least for my team, it is in their best interest to provide their wealthier clients with the best service while mostly overlooking their smaller clients.

    Advice to ManagementAdvice

    Provide Private Wealth Management teams with more structure on how to manage their book and keep up with regular client reviews.

    Recommends
  6.  

    A positive experience. Unsure about advancement

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in Chicago, IL
    Current Employee - Anonymous Employee in Chicago, IL

    I have been working at Morgan Stanley Smith Barney

    Pros

    Great work/life balance. Generally a positive work environment and a focus on team efforts. Training is meaningful and makes for a smooth transition into a successful tenure while at MSSB.

    Cons

    Unsure about advancement. Most likely due to my lack of relevant experience. Seems like FA's are brought on by connections than hiring/promoting within

    Advice to ManagementAdvice

    At this point, nothing to say really...

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