There are newer employer reviews for Morgan Stanley

Helpful (2)

Awful. Firm would not permit me to use my advanced financial skills trading billions per week in FX, or options/futures.

Former Employee - Financial Advisor
Former Employee - Financial Advisor

I worked at Morgan Stanley full-time (more than a year)

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

Pros

Salary while training for basic Series 7, 66 etc.

Cons

My advanced skills were effectively thrown in the garbage, even after transferring my CTA registration to the firm. The local office of the firm wanted me to sell mutual funds, not permitted to talk to corporate treasurers like I used to do, or do any sophisticated financial transactions in FX, futures or options, EVEN FOR MY OWN ACCOUNT. DO NOT WORK in retail brokerage if you are a former bank trader of billions per week. Local office of firm also refused to transfer me to a more appropriate venue in New York which could use this skill set.

Advice to Management

Get a clue.

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  1. Financial Advisor - Tough job but good pay if you succeed

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Advisor in Buffalo, NY
    Former Employee - Financial Advisor in Buffalo, NY

    I worked at Morgan Stanley full-time (more than 8 years)

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

    Pros

    Very prestigious firm. That's a big plus when trying to win new clients.

    Cons

    Failure is a high probability if you don't already have a book of business.

    Advice to Management

    Do a better job of preparing new-hires for the emotional realities of the job. I was one of the lucky ones who made it. When I left to become an independent, I was an AVP. I still wonder though, whether or not it was worth it.

  2. FA experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Advisor in Pittsburgh, PA
    Current Employee - Financial Advisor in Pittsburgh, PA

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

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

    Pros

    Obtained all my credentials on their dime

    Cons

    What they don't tell you is not only is this extremely competitive, but stranded accounts from terminate FA's go to "preferred FA", which is not always objective to production levels.

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