Morgan Stanley
3.4 of 5 1,531 reviews
www.morganstanley.com New York, NY 5000+ Employees

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Great learning experience but with high expectations and very little support

Financial Advisor Trainee (Current Employee)

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 Senior ManagementThe 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.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    VP

    Anonymous Employee (Current Employee)
    New York, NY

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


    Pros: Great Firm, Great Culture, Good opportunities to learn and grow Cons: Top heavy. Poor Compensation. Mobility is limited. Advice to Senior Management: Keep the culture. Reduce the heirarchy. Yes, I would recommend this company to a friend More
    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • Approves of CEO

     

    Associate

    Financial Advising Associate (Current Employee)
    Pittsburgh, PA

    I have been working at Morgan Stanley full-time for more than 3 years


    Pros: Great company to start working if you are straight out… Cons: Management needs to pay attention to the needs of new… Advice to Senior Management: Revise training program. Ensure that employees going through the… No, I would not recommend this company to a friend More
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