Morgan Stanley Smith Barney

  www.morganstanleysmithbarney.com
  www.morganstanleysmithbarney.com

Morgan Stanley Smith Barney Reviews in New York City, NY

Updated October 6, 2014
Updated October 6, 2014
493 Reviews
3.2
493 Reviews
Rating Trends

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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

35 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Luck will shape your experience here

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

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

    Pros

    If you happen to pick the right group to join, then your experience can be awesome...at a discounted salary compared to other banks.

    There are a lot of fun projects to migrate archaic platforms to a new technology stack.

    If you're interested in learning something new or stretching your knowledge, make sure to pick the right group and right boss. You'll know it's the right group when people in that group are smiling and happy even when they are crazy busy.

    Cons

    Salary is relatively low compared to other banks. However, if you're in the right group, you have the flexibility to learn and do new things that you wouldn't be able to do in other banks.

    There's a big chasm between employees who are working on legacy applications versus the employees building the new applications. It's sad because I like the people here.

    Advice to ManagementAdvice

    Pay your top talents at the very least what they are worth in the market. At some point, we all get tired of getting less money and we will eventually move on.

    Recommends
    Neutral Outlook
    No opinion of CEO
  2.  

    Good company but has become stagnant with pay and employee advancement

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

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

    Pros

    Nice people, stable work in bad economic times

    Cons

    The salary is a little low compared with other companies.

    Advice to ManagementAdvice

    Increase salary to market to keep employees

    Recommends
    Neutral Outlook
    Approves of CEO
  3.  

    Constantly evolving company

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

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

    Pros

    There are many opportunities to gain IT experience. The company will always be in the mainstream because it is open to changes as demanded by the evolving business environment.

    Cons

    Unfortunately, change means diversity and job insecurity as a full time employee. There are too many consultants coming in.

    Advice to ManagementAdvice

    IT people don't need constant anti-money laundering, anti-insider trading trainings, etc... Reminders may be enough.

    Recommends
    Neutral Outlook
    Approves of CEO
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  5.  

    Wins and losses

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

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

    Pros

    There are great team members here
    Good understanding middle management about work/life balance

    Cons

    Senior managers care only about the bottom line
    Spin: Town Hall meetings are all spin, tell us the company is doing brilliantly yet when it comes to raises/bonuses they conveniently forget all that - anyone coming in negotiate a high salary because your raises (if you get one) will be minimal

    Advice to ManagementAdvice

    Remember, associates and VPs need bonuses too

    Recommends
    Neutral Outlook
    No opinion of CEO
  6.  

    Internship

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

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

    Pros

    Relatively easy-going, good chance to observe work environment, opportunity to network to an IB job.

    Cons

    Not many responsibilities, somewhat boring and monotonous. But what can they really make an undergrad intern do?

    Advice to ManagementAdvice

    More hands-on training would have been nice.

    Recommends
    Positive Outlook
    Approves of CEO
  7. 2 people found this helpful  

    Mixed bag working for IT at MS

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

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

    Pros

    There are some very talented and brilliant people at Morgan Stanley... it is a great place to learn and grow. Like any large corporation, it can be a great place to work, if you work for/with great people. They do foster an environment where mobility is encouraged; I know of several people who have been there for 15+ years in various roles over time.

    Cons

    Their HR pamphlet speaks of a "work/life balance" that the company supposedly promotes. In reality, in IT I have not seen that balance, particularly among infrastructure teams. I have seen people work 20+ hour weekend shifts with no sleep breaks. Also, it is very common in IT (more often than not) that people get promoted but do not get the salary bump to match it. Also, year-end bonuses in IT have been few and far between, and not very generous. I have seen many talented people leave for greener pastures at other companies.

    Advice to ManagementAdvice

    Compensate your talented people.

    No opinion of CEO
  8.  

    FAA Training Program

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

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

    Pros

    Decent Training program for FAA program. Management was supportive in early months

    Cons

    FAA hurdles can be aggressive in the first few months unless you have one or two decent prospects lined up from the beginning

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  9.  

    FAA program has very lofty goals

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

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

    Pros

    The starting salary is not bad for a training program. Your benefits start on day one. Offices are nice.

    Cons

    Revenue and asset goals are very high. training is a bit lacking to properly prepare FA's to succeed. Very high turnover in the program.

    Advice to ManagementAdvice

    come up with a more reasonable and effective training program and you may have a more successful FAA program leading to a higher success rate.

    Recommends
    Neutral Outlook
    Approves of CEO
  10.  

    Business today has lost the apprenticeship aspect that built America to what it is today

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

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

    Pros

    Morgan Stanley is one of the top firms to work for in the country

    Cons

    In order to grow business, there has to be ability for young growth. That's hard to find here.

    Recommends
    Neutral Outlook
    Approves of CEO
  11.  

    Good work life balance but below market compensation.

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

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

    Pros

    Reasonable hours, encourages philanthropy and volunteerism by employees, making an effort at diversity of women and minorities.

    Cons

    Below market compensation which is the new normal and not likely to increase, most employees in support functions no longer eligible for bonuses, limited advancement opportunities.

    Advice to ManagementAdvice

    Pay your people or you will be left with only mediocrity.

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

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