Morgan Stanley Smith Barney

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Morgan Stanley Smith Barney Reviews in New York City, NY

Updated February 8, 2015
Updated February 8, 2015
29 Reviews
4.0
29 Reviews
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Morgan Stanley Smith Barney President Greg Fleming
Greg Fleming
29 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

29 Employee Reviews Back to all Reviews

Sort: Popular Rating Date
  1.  

    I had a great experience working with a team of financial advisors during the summer.

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

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

    Pros

    Great environment. Everyone was very helpful and considerate. I had great exposure to the municipal bond market. I had face to face interaction with clients.

    Cons

    I didn't have a specific role so some of the days there was no work for me and it got kind of boring. The pay was very minimal and just covered my traveling expenses.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    VP

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

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

    Pros

    Smart people, friendly, learn a lot, eager to teach

    Cons

    Long hours, a lot to do

    Advice to ManagementAdvice

    More leadership

    Recommends
    Neutral Outlook
    No opinion of CEO
  3.  

    Great introduction to wealth managemnt

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

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

    Pros

    Friendly and helpful staff. HR is very helpful through the onboarding process. Coworkers were professional and pleasant. MSSB gives access to 'corporate perks' via an online platform. Office communicates additional opportunities, events, etc via email.

    Cons

    Hard to get accustomed to all MSSB's resources in a short amount of time. Compliance tests are long and annoying, but a necessary process.

    Recommends
    Neutral Outlook
    No opinion of CEO
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  5.  

    The grass is greener...

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

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

    Pros

    Professional atmosphere, great colleagues, old ML guard leading co.

    Cons

    little further distance to travel

    Advice to ManagementAdvice

    don't cut our comp or support staff...look to the higher apid execs for cost savings

    Recommends
    Positive Outlook
    No opinion of CEO
  6.  

    Good at local levels, gets worse as you go up

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

    I worked at Morgan Stanley Smith Barney as an intern (more than 3 years)

    Pros

    Offers flexible hours once you reach a high enough level, large degree of independence to perform your work as you see fit, great institutional support in terms of research and operations

    Cons

    Recent cuts to back office staff have massively reduced productivity especially when in building tech support phone calls now go to an out of state calling center staffed with less knowledgeable people, technology upgrades are always handled poorly with large disruptions in one case causing a mass exodus of top producers who were angry at the changes, upper level management unresponsive to branch needs since takeover by Morgan Stanley

    Advice to ManagementAdvice

    Don't release tech upgrades that fail and cause work stoppages and disruptions for months, test them thoroughly first. If you do create such problems, publicly minimizing them as not especially important or minor is disrespectful and, when untruthful, highly damaging to employee morale.

    Recommends
    Negative Outlook
    No opinion of CEO
  7.  

    MSSB - Generally A Good Place

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Manager of Fixed Income Investments in Red Bank, NJ
    Former Employee - Manager of Fixed Income Investments in Red Bank, NJ

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

    Pros

    The people and its products are pretty good and fairly well thought out.

    With its retail arms, it reaches quite a lot of people who might like to invest for higher returns

    It is a big place with a lot of professionals who can cover the markets properly and connect people with investments

    Cons

    It is a big place with a lot of moving parts. The consolidation of Smith Barney to form Morgan Stanley Smith Barney was not easy but it did get done. The was some dislocation in the combination, but that happens when companies expand quickly.

    Advice to ManagementAdvice

    Listen to the good and even excellent ideas of employees

    Reward employees because employee know-how is the company's main asset. This is not a company that manufactures consumer products. The company can only harvest know how about how to manage and invest portfolios on behalf of customers.

    Recommends
    Positive Outlook
    No opinion of CEO
  8.  

    Operations Analyst, Consultant

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Contractor - Operations Analyst in Jersey City, NJ
    Former Contractor - Operations Analyst in Jersey City, NJ

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

    Pros

    I enjoyed my time working at Morgan Stanley. I did not receive a thorough training, but had a great supervisor to work with. I had a decent salary as well.

    Cons

    Did not necessarily enjoy my job tasks.

    Recommends
    Neutral Outlook
    No opinion of CEO
  9.  

    Investment Intern

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

    I worked at Morgan Stanley Smith Barney full-time (less than a year)

    Pros

    Great minds, great teams, learn a lot quickly

    Cons

    back office work involved
    poor pay

    Recommends
    Positive Outlook
    No opinion of CEO
  10.  

    I have watched this bank improve over the last four years as Gorman transforms it into an Asset Management firm.

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

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

    Pros

    Morgan Stanley is improving with each quarter. If you want to do Asset Management, whether it be Private Wealth Management or Institutional, this is the place to do it.

    Cons

    It's hard to get recognized at a big firm. Building your networks takes considerable time and energy.

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Fantastic learning experience in how persistence and patience pays off.

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

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

    Pros

    Great connections that will help you out if you put your heart and soul into what you do. People pick up quickly on how hard of a worker you are and will reward you for it.

    Cons

    Large and relatively rigid corporate structure with conventional-type offices. Very quiet working conditions where everyone is expected to be doing nothing but their work 100% of the time.

    Advice to ManagementAdvice

    I would try to have more positive perks instead of parties. Instead of softball parties where not everyone is included, try a gym membership included in benefits or healthy cooking classes.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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