Morgan Stanley

  www.morganstanley.com
  www.morganstanley.com
There are newer employer reviews for Morgan Stanley

 

World class platform, some warts.

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Former Employee - Investment Banking Associate in Menlo Park, CA
Former Employee - Investment Banking Associate in Menlo Park, CA

I worked at Morgan Stanley

Pros

It is truly a world-class platform. My group was far and away the leading group in our field and so it was extremely rare that a deal would happen that we didn't know about or get invited to participate in. There's still BS pitching involved, but not nearly as much as at other banks. The only other group that even comes close is GS.

Cons

The marketing, recruiting, etc would all tell you that its much more of a meritocracy than our competitors. But the reality is that its a pretty political place, and dead wood and blowhards tend to find shelter for long periods of time (even in this market). In the Menlo tech office, there's a little known secret: as an associate you have to do 3 years before getting the chance to get promoted to VP. It's not Morgan Stanley practice. It's not even MS Tech (NYC doesn't do it). It's just the Menlo office. Although they sell it as being 'for your benefit' in terms of training and development, the reality is that it's to their benefit. Once you've passed the two year mark (when all your friends are either gone or will be promoted), you're stuck. You either work your guts out to guarantee you get promoted, or you're screwed because everyone else out there knows you should have been promoted.

Advice to ManagementAdvice

Focus on developing your people more. Especially in a down market like this where there are fewer deals to be done, training and development are key.

Recommends
Approves of CEO

1808 Other Employee Reviews for Morgan Stanley (View Most Recent)

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  1. 2 people found this helpful  

    Great stepping stone, but step out of Wall Street

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

    I worked at Morgan Stanley

    Pros

    It pays really well, with great benefits, although that may change now that Investment Banks have lost a bit of their glamor. On the other hand, it is a big firm, prestigious, and there are lots of opportunities for career growth. Working in the Technology department, they gave the impression that they were really concerned about your personal and professional development. They have a lot of offices all over the world, so there are potentially a lot of opportunities for travel or movement once you have been there for a while - at least this is the impression that they give.

    Cons

    Long hours - but everyone else works long hours too, and performance is rewarded. This is definitely not the time to be entering Wall Street. They are not hiring at the moment, as is the case with most banks. A special concern is for international students ,because banks that received bail out money are under pressure not to hire internationals students for positions that can be filled by US citizens. This basically means all first year Analyst jobs -and these Investment Banking were some of the most lucrative jobs for international students coming out of ivy league schools and other good schools who needed visa sponsorship.

    Advice to ManagementAdvice

    The advice I would give to Senior Management is that they need to let their current employees know what is going on in terms of their future. As with other banks, people do not know what is happening, and jobs are shaky

    Recommends
    No opinion of CEO
  2. 1 person found this helpful  

    Why work there?

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee in White Plains, NY
    Former Employee - Anonymous Employee in White Plains, NY

    I worked at Morgan Stanley

    Pros

    The name recognition, was a good shop to work at, now up against the ropes for survival

    Cons

    Back stabbing people. Lots of stress for very low pay.

    Advice to ManagementAdvice

    You've made it, mentoring wouldn't hurt you.

    Doesn't Recommend
    Disapproves of CEO
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