Morgan Stanley

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Morgan Stanley Jobs & Careers in New York City, NY

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30+ days ago

Investment Management Compliance Testing Analyst

Morgan Stanley New York, NY

Global investment management firm seeks Compliance Professional to work as a member of the Investment Management Compliance Department’s Testing… Morgan Stanley


30+ days ago

Internal Audit Manager/Senior Manager

Morgan Stanley New York, NY

Internal Audit is responsible for validating whether the firm operates in a controlled environment with appropriate risk-management processes… Morgan Stanley


30+ days ago

Compliance Assessment Group

Morgan Stanley New York, NY

Professionals within Legal and Compliance provide a wide range of services to our business units. They might help to structure a complex and… Morgan Stanley


30+ days ago

Fund Services - Investor Services Team Leader

Morgan Stanley New York, NY

This wholly owned subsidiary of Morgan Stanley administers over $200 billion of hedge fund assets. Using the firm’s proprietary, globally accessible… Morgan Stanley


28 days ago

Administrative Assistant

Morgan Stanley Florham Park, NJ

• Maintain Branch Finance and Expense Management information, including Automated Flexible Grid (AFG), Business Development Allowance (BDA), and P&L… Morgan Stanley


30+ days ago

Statement Services Specialist - Wealth Management

Morgan Stanley New York, NY

As a market leader, the talentand passion of our people is critical to our success. Together, we share acommon set of values rooted in integrity… Morgan Stanley


30 days ago

Intern – Morgan Stanley Investment Management

Morgan Stanley New York, NY

reports for weekly Portfolio Management strategy meeting -Review and help prepare various board and client reports Skills/Experience/Education… Morgan Stanley


30+ days ago

Equity Research Metals & Mining Associate

Morgan Stanley New York, NY

Morgan Stanley Investment Research is uniquely committed to being an essential part of our clients' investment process. We strive to be the sell-side… Morgan Stanley


18 days ago

Compliance Marketing Review Officer

Morgan Stanley New York, NY

Professionals within Legal and Compliance provide a wide range of services to our business units. They might help to structure a complex and… Morgan Stanley


18 days ago

Wealth Management Associate

Morgan Stanley New York, NY

• Independently improves and streamlines the service model and operational procedures for the team • Coordinates resolution of complex… Morgan Stanley


Morgan Stanley Reviews

1,986 Reviews
3.6
1,986 Reviews
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Morgan Stanley CEO James P. Gorman
James P. Gorman
938 Ratings
  •  

    Great Company, poor program structure and benefits

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

    I have been working at Morgan Stanley full-time (more than a year)

    Pros

    Great, smart people regularly available
    Abundance of resources available
    Very flexible work hours (but as a financial advisor program that is to be expected)

    Cons

    Slow processes for some very simple tasks (aka bureaucratic), but that's to be expected at any big firm really

    Compensation is unacceptable. Inadequate starting salary for surrounding cost of living, and it begins to go away after 1 year. There's virtually no aid in getting your business off the ground (they give you $260.00 a year in expense reimbursement, which is an insult coming from a Top 5 bank). They also take 60 - 80% of your sales, depending on your performance. So they take the lion's share of your money, then expect you to then spend even MORE money to build your book.

    Advice to ManagementAdvice

    Construct a program that's actually designed to retain advisors. Your attrition rate is ~ 80%. You're one of the biggest, best run banks in the whole world. You don't get 80% attrition from bad hiring policies, or simply because people are "bad at sales". It's because you aren't willing to take the risk to actually invest in your associates, ie, fronting some REAL money their way so they can get off the ground. This is a relationship business, and relationships need time to build; so you need to make sure your advisors are given enough time and money so that they can build these relationships. And don't give me the old "You need to bring your pre-existing relationships in when you start the job". Last year, the average hiring age of advisors at your company was 25. Guess what? 25 year olds don't have pre-existing relationships, at least certainly not enough to meet your standards. They're pretty much starting from ground zero, with student loans, and minimal capital to spend. Construct a program that's ACTUALLY designed to retain them.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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