Morgan Stanley

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

1 person found this helpful  

Lack of Opportunities in MS Wealth Management Capital Markets

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Wealth Management Capital Markets in Purchase, NY
Current Employee - Wealth Management Capital Markets in Purchase, NY

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

Pros

+ There's been some great people I've met after starting my career on Wall Street over two years ago.
+ Learn a variety of capital market products within a year.
+ If you live in CT or Westchester, the commute is ideal.
+ Nice gym for $15/month

Cons

- The managers of this 300 person operation recruit smart Top 20 College seniors to positions promising an opportunity in "Sales and Trading" at Morgan. This could not be further from the truth:
- No client interface. You are told that your clients are Financial Advisors, who actually 'own' the client relationship. They block your ability to pitch ideas directly to clients.
- You often become a help desk/support for these Advisors. Need to know how to set up a printer? Call MSWM Capital Markets. Often you may have various trade ideas ready and waiting, but get too bogged down in the help desk function of the job to even get a chance.
-Pay is awful for the work. Despite having to work 12 hours/day and deal with 2.5hr commute. Associate pay is 30% below street average. VP pay is at same level as analysts at other firms.

Advice to ManagementAdvice

Increase transparency for job openings on the trading floor.
Increase communication/ie, stop lying to employees about compensation, layoffs, etc.
Provide expectations for what sales and traders performance metrics.
Allow people to transfer to other areas of the firm. Don't trap them there.

Doesn't Recommend
Negative Outlook
Approves of CEO

1814 Other Employee Reviews for Morgan Stanley (View Most Recent)

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  1. 1 person found this helpful  

    Great place to start a career

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Operations Associate in Baltimore, MD
    Current Employee - Operations Associate in Baltimore, MD

    I have been working at Morgan Stanley

    Pros

    MS provides world class training in financial services, especially to those just coming out of college, provided you're willing to work hard and build your network while here. You'll be spending a lot of time at work, so most managers are lax about employees taking a lunch(especially since there is no cafeteria). Baltimore can be a great city to live in, given that you don't venture too far from the water. Overall, a great place to work, with great, knowledgable people.

    Cons

    They tend to like to give people more responsibility without giving them corresponding salary increases. Since there is no real sense of if and when bonuses will be paid, some people do the bare minimum to keep their job.

    Advice to ManagementAdvice

    I know you're trying to reduce expenses, but at some point you need to pay your talented people, or they will continue to leave.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Great Pay, Benefits, People and Time off

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Operations Associate in Greenwich, CT
    Former Employee - Operations Associate in Greenwich, CT

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

    Pros

    pay is very competitive and work-life balance was reasonable for the role. Solid opportunities to advance as well.

    Cons

    some late nights and long weeks and most other generic issues common of larger, bureaucratic organizations.

    Advice to ManagementAdvice

    it would vastly improve quality of life to allow more work-from-home options to employees who are not client facing.

    Recommends
    Neutral Outlook
    No opinion of CEO
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