Morgan Stanley Smith Barney

  www.morganstanleysmithbarney.com
  www.morganstanleysmithbarney.com

Morgan Stanley Smith Barney Reviews in New York City, NY

Updated August 3, 2014
Updated August 3, 2014
493 Reviews
3.2
493 Reviews
Rating Trends

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Approve of CEO
Morgan Stanley Smith Barney President Greg Fleming
Greg Fleming
145 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

23 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    No bonus for last 3 years for certain legacy Morgan Stanley employees in Operation

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

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

    Pros

    Brand Recognition of Morgan Stanley in Investment banking and wealth management.

    Cons

    No upward mobility for operation or support folks from legacy MS side.

    Advice to ManagementAdvice

    Please check the comp structure for Operation and support staffs

    Disapproves of CEO
  2. 1 person found this helpful  

    Not a pleasant place to work at. Backstabbing culture. Difficult to get people promoted,

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

    I have been working at Morgan Stanley Smith Barney full-time

    Pros

    Looks good on the resume.

    Cons

    Not a good place for a woman. On top of that corporate culture is to manage up. Not a collaborative atmosphere,

    Neutral Outlook
    Approves of CEO
  3.  

    very stressful

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

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

    Pros

    flexible work arrangements where you can work remotely when necessary

    Cons

    very very stressful. employees are expected to always be available even when on vacation

    Advice to ManagementAdvice

    value the work contributions more than time spent on line

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

    It use to be a great place to work

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

    I have been working at Morgan Stanley Smith Barney full-time (more than 10 years)

    Pros

    Friendly co-workers, nice location and very few good bosses.

    Cons

    Heavy favoritism to people who come in the door but not to the individuals who have been with the company for years. Its all about who you know in management to get you there.

    There use to be a lot of perks at Morgan Stanley but sadly all of them have went away over the years.

    Advice to ManagementAdvice

    Heavy turnover rate due to senior management overlooking long standing employees. They should start acknowledging the ones who have the most experience and do most of the work.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  6.  

    Disinterested Staff + Managers

    Former Employee - AML Analyst in New York, NY
    Former Employee - AML Analyst in New York, NY

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

    Pros

    Good location for offices, amicable co-workers

    Cons

    No real drive for innovation in middle management, lacks clarity/determination to implement change.

  7.  

    Financial Advisor

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

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

    Pros

    Large suite of products to choose from

    Cons

    Poor support on buisness building, horrible technology,

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8.  

    Disorganized

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

    I worked at Morgan Stanley Smith Barney full-time (more than an year)

    Pros

    Name brand
    Resources
    Legacy
    Employees some are great workers

    Cons

    Boys club
    Disorganized from merger
    Technology outdated

    Advice to ManagementAdvice

    Provide better guidance for those willing to put in the hard work

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  9.  

    My experience was medicore,and frustrating

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Customer Service in Jersey City, NJ
    Former Employee - Customer Service in Jersey City, NJ

    I worked at Morgan Stanley Smith Barney full-time (more than 5 years)

    Pros

    Fortune 500 company with good benefits

    Cons

    The department I worked in had people who were not progressive thinking, promotions were based not on your acheivements and performance but on nepotism, any changes suggested for process improvement were always ignored.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  10.  

    Pay getting worse, increasing outsourcing both on- and offshore.

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

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

    Pros

    Very flexible work arrangements, good technology stack (on the Morgan side, the SB side works with vacuum tubes)

    Cons

    Zero bonus for years now, LOTS of H1B- staff and India teams which depresses comp for everyone (local leaves->3 new India hires), really cool tasks (mobile, etc.) outsourced to contractors.

    Advice to ManagementAdvice

    Realize that Gorman is perceived as a jerk in the lower ranks, and it depresses morale. Paying millions to traders and for the others it's "if you're unhappy, just leave".

    Doesn't Recommend
    Disapproves of CEO
  11.  

    High on talent and resources, low on loyalty.

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

    I have been working at Morgan Stanley Smith Barney full-time (more than an year)

    Pros

    Great resources, prestigious name, stable

    Cons

    Wealth management training program, low commissions

    Recommends
    Positive Outlook
    No opinion of CEO

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