Morgan Stanley

  www.morganstanley.com
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Horrible place to be a junior banker

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Investment Banking Analyst  in  Los Angeles, CA
Former Employee - Investment Banking Analyst in Los Angeles, CA

Pros

Standard investment banking training makes you really good at finance and accounting
Morgan Stanley's name always got the attention of anyone who looked at my resume
Superficial attempts at making the culture better

Cons

Where to begin...

Awful culture. Described on Wallstreetoasis as "dog-eat-dog snake pit" - very accurate description from my experience as well.
No sense of camaraderie, analysts treated like sweatshop workers (senior bankers recruit by picking those who they think can churn out the most work, no regard for cultural fit)
Extremely judgmental and high pressure / stress-inducing culture from senior bankers
No one cares about your development or exit opportunities, they just want their work done
Split into Corp Finance and M&A group; unfair to Corp Finance analysts who don't get as much technical exposure or any deals on their resumes
Don't expect to be able to recruit outside of California

Four analysts quit within a 6 month period of working there (out of 10 analysts)

Advice to ManagementAdvice

Don't be so judgmental, and don't be terrible to work with if you don't have to be

Doesn't Recommend
Negative Outlook
No opinion of CEO

Other reviews for Morgan Stanley

  1. 1 person found this helpful  

    In A hurry to dump all the Citi People

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

    Pros

    Generally a good company to work for if you're in the right place among the right people.

    Cons

    The team I worked for consisted of a number of women in all the management position. Seems there was a lost in direction and a constant need to prove themselves resulting in worker burnout and a demoralizing staff. Case in point, I reported to 3 managers at one time. They all wanted to shine and had their own ideas on how things should be done. Caused nothing but a quagmire and a dissatisfied group of people.

    CAUTION: If you're a former CITI employee that came with the merger, you're lined up to be axed and they will make all the excuses to lay you off.

    Advice to ManagementAdvice

    Too many managers managing the same people causing lots of friction and burnout on subordinates.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Good culture

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

    Pros

    Enjoyable environment pre-crash, team was large and focused. Lots of opportunity for collaboration and fresh ideas

    Cons

    post-crash, constant layoffs and outsourcing. still feels constantly in upheaval

    Recommends
    Neutral Outlook
    Approves of CEO
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