Morgan Stanley Smith Barney
3.1 of 5 458 reviews
www.morganstanleysmithbarney.com Purchase, NY

Morgan Stanley Smith Barney Reviews in New York City, NY

Updated Apr 21, 2014
All Employees Current Employees Only

2.9 104 reviews

                             

60% Approve of the CEO

Morgan Stanley Smith Barney President Greg Fleming

Greg Fleming

(40 ratings)

53% of employees recommend this company to a friend
12 Employee Reviews Back to all reviews
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    I have spent 10+ years at Morgan Stanley (and I am a woman), climbing the the ladder from an entry level position.

    Exeve Director (Current Employee)
    Purchase, NY

    ProsThis is a meritocracy where talent and harwork are rewarded. There are scores of mobility opportiunities and career development offerings. Diversity is sinceerely embraced here. Nothing feels forced. I especially appreciate their commitment to women and the developement of their careers.

    ConsCompensation is fair, but certainly not on a par with Goldman Sachs. But on the plus side, you may actually have a life while working here.

    Advice to Senior ManagementKeep up the good work.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Summer Intern- general office operations/ excel work etc

    Intern (Former Employee)
    New York, NY

    ProsThe people! Flexible hours/ good hourly wage

    Consnone- lots of great things to say about working here

    Advice to Senior Managementkeep up the great work

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    Positive

    Manager (Current Employee)
    New York, NY

    ProsThose that work hard and are willing to learn about their business will find enough projects to prove their worth

    ConsThings are still in flux and will take years to settle in to a rhythm.

    Advice to Senior ManagementFocus on the tech - don't stop improving and look to advice from the people that do the day to day work - their insight is invaluable...and generally more accurate.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Great opportunity Great Company

    Support Desk (Former Employee)
    Warren, NJ

    ProsEasy Going atmosphere everyone extremely friendly

    ConsThere were none it was great

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    MS Global Wealth Management Summer Analyst

    Global Wealth Management Summer Analyst (Former Employee)
    New York, NY

    ProsI was a part of the MS team for the 2012 summer as a global wealth management summer analyst. I had the opportunity to challenge myself daily and work with a diverse group of people. I was in a market facing role, so my days were always different with new tasks. The directors were all stand-up guys, always offering to lend a helping hand to the rookie and offering advice when needed. The hours were a little long, but the days flew by being around a great group of people.

    ConsAs an intern, you always get the short end of the stick. Meaning you get the work load, the phone calls no analysts want to handle, and maybe even the longer day. But, thats part of being the intern.

    Advice to Senior ManagementI'm a big guy, I need a longer lunch break.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Started as a wealth management intern, then received a job offer

    Client Service Associate (Current Employee)
    New York, NY

    ProsThey sponsor you to get licensed immediately, there are locations nationwide and internationally so it's good for someone like me who may not plan on living in NYC forever.

    ConsIn branches, job opportunities are limited. Your only options are Financial Advisor, Client Service Associate, and Operations. There are several opportunities in Morgan Stanley itself though, so this isn't much of a con.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    An excellent company to work for. Opportunities abound for quality people who know how to get things done.

    Executive Director (Current Employee)
    Purchase, NY

    ProsGreat people. Excellent Medical/dental etc.

    ConsFinancial Services Industry is not well received by main street at the moment.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Had a great intern experience, and am now a full-time employee. Great work environment.

    Client Service Associate (Current Employee)
    New York, NY

    ProsI love the work environment at the branch. Everyone gets along, there's always work to do so the day goes by quickly. Also, I like the fact that I can go to the nearby headquarters building and use the company gym for a great price.

    ConsNo downside where I work, but I've been to some of the more corporate offices and the environment seems VERY different than the branch environment. It seemed pretty quiet (not that it's loud at the branch, but it's lively and welcoming).

    Yes, I would recommend this company to a friend

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    I was an intern at MSSB for almost 3 years so I know this company pretty well.

    Mssb Intern (Former Employee)
    New York, NY

    Pros- good work life balance. if you are a financial advisor, you can use your time as you see fit, including not coming in the office on Fridays or whatnot, which is total flexibility. if you are a CSA, you can leave on the dot everyday as long as you have your work done/managed.
    - although people are generally very uptight/impatient during the hours when the market is opened, they are generally very nice and friendly people when the market closes or on Fridays, where everybody is more relaxed. people are mostly open to conversations and laughs.
    - very stable job because MSSB generates steady revenue unlike other parts of the bank. yes there were headcounts but it's pretty stable compare to other divisions/banks.

    Cons- MSSB doesn't pay me; the advisor who I worked with pays me, so I don't get the "ibank internship" rate. I get whatever the advisor chooses to pay me (which is very low)
    - bureaucracy, bureaucracy, bureaucracy! i don't blame them because it's a huge company, but literally everything is about bureaucracy and doing things by the rule = huge amount of paperwork and phone calls to solve 1 problem
    - most people are complaining about the new system that they just implemented, which is obviously created by somebody who doesn't work in MSSB because of various non-user-friendly programs.

    Advice to Senior Managementreally good job on expanding MSSB, but maybe do some MORE FA questionnaire about the systems? i know there was a pilot program but not enough?

    Yes, I would recommend this company to a friend

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    1 person found this helpful  

    Overall, it is a great firm to work for..

    Anonymous Employee (Current Employee)
    Paramus, NJ

    ProsGreat name recognition. The firm provides second to none quality training. Very healthy and respecting environment, which seems to vary branch to branch quite drastically..

    ConsChanges are made quite too frequently. Although frequent policy changes bring ramifications, it is clear that those changes are being made in an effort to promote the work environment and betterment. Also, with the process of joint venture, it is somewhat inevitable.

    Yes, I would recommend this company to a friend

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Glassdoor is your free inside look at Morgan Stanley Smith Barney reviews and ratings in New York City, NY — including employee satisfaction and approval rating for Morgan Stanley Smith Barney CEO Greg Fleming. All 12 reviews posted anonymously by Morgan Stanley Smith Barney employees.