There are newer employer reviews for Morgan Stanley

Information Technology

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

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

Doesn't Recommend
Negative Outlook
Disapproves of CEO
Doesn't Recommend
Negative Outlook
Disapproves of CEO

Pros

Large Company with good structire.

Cons

Management lazy and not responsive.

Advice to Management

Start doing work.

reviews filtered by
  • Any Location
  • Any Job Title
  1. Helpful (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 (more than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    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 Management

    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.

  2. Helpful (2)

    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

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    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 Management

    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.

There are newer employer reviews for Morgan Stanley

Work at Morgan Stanley? Share Your Experiences

Morgan Stanley

 
Click to Rate
or

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