1619 Employee Reviews (View Most Recent)

Sort: Rating Date

2 people found this helpful  

Meritocracy? More like mediocracy

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

I have been working at Morgan Stanley full-time

Pros

The few high performers that you do come across are truly exceptionally

Cons

Meritocracy is not a concept that management is familiar with. Any employee, regardless of talent or performance, working on "pet" initiatives, is considered to be valuable asset. Promotion is next to impossible if you're not in the "right" roles. Internal mobility is a joke because you cannot apply for the next level up - how does that encourage professional growth within a firm? If you are looking to kill your ambitions, apply now.

Advice to ManagementAdvice

Think of ways to keep and develop your high performers, unless the long term plan is to end up with a bigger mediocre majority that talks more than works.

Doesn't Recommend
Negative Outlook
No opinion of CEO

Other Reviews for Morgan Stanley

  1.  

    Great learning experience but with high expectations and very little support

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

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

    Pros

    -Compensation for study time to focus 100% on series 7, series 66, insurance
    -Training sessions at Headquarters in NY and encouragement to connect with successful FA's
    -Attempts to build in weekly training sessions at the branch level

    Cons

    -Position is currently built for older, experienced individuals to succeed. Without an established affluent network, it's difficult to meet the requirements under the given timeline
    -Very little opportunity for partnering if you weren't hired for a specific group
    -Sink or Swim mentality

    Advice to ManagementAdvice

    The way the current FAA program is set up, the firm spends a substantial amount of money training individuals to succeed at different firms. It's rare for younger individuals to have an established affluent network, and building one takes time. Compound that with a lack of experience in the investment industry and young FAA's start to hit their stride just about the time they get let go. What's missing is a strong mentorship program. Young FAAs need successful models from whom they can learn effective habits - it's not effective just to provide info. Much of the ramp up time is wasted figuring out effective practices. My suggestion would be to redefine "partnerships" so that established FA's looking to take the next step can take on an FAA as a jr partner without it affecting their compensation and making it an established practice for the majority of new hires. The military follows the "watch one, do one, teach one" model, I think it would be a far more effective use of capital to have an older FA as a consistent resource to a new advisor. It would also build in better day-to-day accountability.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    MS in Utah

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Operations Analyst  in  South Jordan, UT
    Current Employee - Operations Analyst in South Jordan, UT

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

    Pros

    Great work/life balance
    Laid back
    Place you can just go in and do your job
    Not too much micro managing going on

    Cons

    No real advancement opportunities
    Management does not communicate effectively w/ employees in regards to feedback
    Does not actively participate in recruiting best talent - uses temp agency to find candidates
    Does not value knowledge, or coaching & developing analysts

    Advice to ManagementAdvice

    Create an environment where talent is developed and there is a clearer roadmap for Analysts.
    Do better job at keeping your word and not just use employees as a pawn or means to an end.

    Recommends
    Neutral Outlook
    Approves of CEO
There are newer employer reviews for Morgan Stanley.

Worked for Morgan Stanley? Contribute to the Community!

Your response will be removed from the review – this cannot be undone.