Morgan Stanley

www.morganstanley.com
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Quant at Morgan Stanley

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

I have been working at Morgan Stanley full-time (more than 10 years)

Pros

The people are smart and the work is interesting. Math, finance, and programming are all heavily used. About half of each day is spent writing software, the other half is spent analyzing data and discussing with end users.

The company is very structured and well organized. The work environment is one of dedication, but not fanaticism. Atmosphere is collegial. The pay is typically good, but can be uneven due to the bonus system. The technology varies a lot by division, but much of it is extremely good.

Cons

Some areas of the firm are less well developed than others. IT in particular is a mixture of very good (excellent data centers, some extremely good systems), and very bad (lots of reinventing the wheel, a handful of major initiatives that are guaranteed to fail).

Some areas are still holding onto the impression that the firm is what it was in the 1980s before computers took over finance. This can make for some bad decisions and strange interactions.

Advice to ManagementAdvice

The firm should strive for uniformity, but must do so in a reasonable way. An attempt at "one project to rule them all" will almost always fail. Coherent architectures must be grown organically and expanded upon where they are found to work. Some areas of the firm still have a lot of manual work that serves no apparent purpose, and is even counter productive. Automation of these areas is progressing, but slowly. Accelerating the process should be a major drive.

For instance, some positions are still not modeled, or the traders are allowed to directly provide inputs to the model, and thus effectively manipulate the performance metrics that will be used to determine their year end pay. This is OK for very small positions that are not worth the investment to model properly, but it also happens in some very large books.

For positions of significant size, these manual systems are becoming more rare with time, but they should have been completely absent since at least 2007, for reasons that we all well understand.

Recommends
Positive Outlook

1988 Other Employee Reviews for Morgan Stanley (View Most Recent)

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  1. 2 people found this helpful  

    Run Fast, Find another firm

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Morgan Stanley full-time (more than 10 years)

    Pros

    Great work life balance. No other reasons to work here anymore

    Cons

    You wont get paid comensurate to the street. The overall mood is horrible. This is not the same MS as it was 10 years ago.

    Advice to ManagementAdvice

    Get rid of Gorman. The man badmouths his own industry to the steet repeatedly. Stock price is down 60% and he is "only" getting a 10 million salary. wah.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2. 3 people found this helpful  

    Used to be a great firm, but is slowly headed in the wrong direction

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

    I have been working at Morgan Stanley full-time (more than 8 years)

    Pros

    very smart people, good culture, very strong brand, anyone will take your call because you are Morgan Stanley, in the middle of interesting deals so you get to see a lot of action

    Cons

    deferred comp getting crazier and crazier, balance sheet not big enough to compete with the big banks, funding costs not competitive for lending or derivatives, and cutting back on sales and trading

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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