There are newer employer reviews for Morgan Stanley

 

one fantastic learning experience

Current Employee - Anonymous Employee
Current Employee - Anonymous Employee

I have been working at Morgan Stanley

Pros

easy going office atmosphere, scheduling was a breeze, able to learn so much from a variety of people. It was the perfect experience for me to finish up college with

Cons

can have excessive down time one minute then be extremely busy the next. It is not always the most fascinating job, but there is always something more to learn

1707 Other Employee Reviews for Morgan Stanley (View Most Recent)

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  1. 1 person found this helpful  

    Not what it used to be

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

    I have been working at Morgan Stanley (more than 3 years)

    Pros

    Really smart people, management is flexible, nice benefits, still a good brand

    Cons

    Compensation, compensation, compensation - on the low end of the scale. Morale in many departments is at an all time low. No clear vision on what the company will be.

    Advice to ManagementAdvice

    Re-calibrate pay scales to align with industry standards.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  2. 1 person found this helpful  

    Potentially outstanding company, unfortunately tends to fall short.

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

    I have been working at Morgan Stanley full-time (more than 5 years)

    Pros

    - Work/Life Balance is great (if you ask for it and make your expectations clear)
    - Strong overall talent pool
    - JV platform is an excellent platform especially once the major push for fixes was completed
    - Development Opportunities (if you push for it)

    Cons

    - Compensation: Most employees have not gotten a raise outside of senior management or employees very well connected to senior managers
    - Bonuses: Despite strong quarters in recent times, the company has not distributed bonuses to rank and file in lieu of base compensation increases
    - Turnover: Firm will pay 50% more for an unproven external hire which leads to longer tenured employees leaving. Significant loss of intellectual capital in this process.

    Advice to ManagementAdvice

    At some point, compensation will need to be increased for staff. Currently, the practice is to only increase on promotions (and even that is waning), or as a counter offer for an employee who has a new opportunity. Recently more and more frequently, these counters have been refused even when the counter was greater. This is in part due to the lack of bonuses and the recognition that "if money is available now, why wasn't it during year end comp discussions?" It leaves a horrible feeling throughout the firm and no work/life balance or education opportunities are going to make up the fact that a good portion of the workforce is underpaid by industry standards. Some of the best advisors and financial professionals work for this firm, it should be an honor to be employed. However, until talent is compensated at a top notch rate, we will always be considered lesser to our competitors.

    Recommends
    Neutral Outlook
    No opinion of CEO
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