Morgan Stanley Smith Barney

www.morganstanleysmithbarney.com
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There are newer employer reviews for Morgan Stanley Smith Barney

3 people found this helpful  

If you want to jump into fire, then work here....

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Former Employee - Financial Advisor Associate in Chicago, IL
Former Employee - Financial Advisor Associate in Chicago, IL

I worked at Morgan Stanley Smith Barney

Pros

Nice People
Brand Recognition
You are not micromanaged, management is hands off as long as you reach your numbers

Cons

It's all a numbers game, with the employees as well as prospective clients. In regards to employees, instead of focusing on quality, management hires Financial Advisor Associates (those entering the firm without an existing book) in high numbers and then weeds out nearly all -- including the most talented. Very high risk job regardless of the strength of your background. Promises of upside compensation are not realistic for 5 - 7 years in the business. Expect to make next to nothing after your 18 months of salary is up (Literally $30K - $50K).

Stress level associated with the job is incredibly high regardless of who you are, my entire class felt this way. Extremely high turnover. A lot is luck, I literally saw one person stay on when he didn't make his numbers for an entire year and then another person lost his job in the first 3 months and he had just barely missed his numbers (it's all based on the company's timing, you never know when they are going to do mass cuts).

Advice to ManagementAdvice

Focus on hiring qualified candidates and give them more support, you have to be losing a fortune with your current model of burn and turn, but you do keep the spoils of accounts from those you fire. You're diluting your brand through telemarketing and dinner seminars.

Doesn't Recommend
No opinion of CEO

505 Other Employee Reviews for Morgan Stanley Smith Barney (View Most Recent)

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  1. 1 person found this helpful  

    Its been great

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Consultant in New York, NY
    Current Employee - Consultant in New York, NY

    I have been working at Morgan Stanley Smith Barney

    Pros

    There are alot of great managers here they make you feel welcome, the managers are trying to keep up with a large amount of change

    Cons

    There are major budget constraints for 2012, the smith barney conversion is large effort and is taking alot of resources, once this migration is done there will be alot of resource bandwidth

    Advice to ManagementAdvice

    I believe they are on the right track, Smith Barney is a large and complex effort 2012 will be a great year for MS

    No opinion of CEO
  2. 1 person found this helpful  

    Not very professional

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Retirement Specialist in Jersey City, NJ
    Former Employee - Retirement Specialist in Jersey City, NJ

    I worked at Morgan Stanley Smith Barney

    Pros

    Good brand name, good facilities

    Cons

    Poor management, dont feel part of the company, no recognition

    Advice to ManagementAdvice

    good communication with the employees, professional attitude

    Doesn't Recommend
    No opinion of CEO
There are newer employer reviews for Morgan Stanley Smith Barney

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