There are newer employer reviews for Morgan Stanley Smith Barney

Crowded with less than stellar performers

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

I have been working at Morgan Stanley Smith Barney full-time (more than a year)

Pros

Flexible work arrangement, friendly environment, no late hours, understanding management, nice life-work balance, culturally the company is pretty well establish and the clashes between legacy Citi and Morgan personnel are not as bad as described.

Cons

tough to get promoted, less than stellar co-workers, protected classes feel invincible, compensation is too aligned to the company and unit's performance and not necessarily to the individual's performance. Benefits are not the greatest, especially health insurance options. They make even people who have no access to materially non-public information trade via the Morgan Stanley system which is expensive and inflexible.

Recommends
Positive Outlook
Approves of CEO
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  1. Great training, but tenuous beginning for a tough career as financial advisor

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

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

    Pros

    Great training in investment finance, stocks and bonds; a good firm with a good reputation in the financial services industry; great co-workers who seemed to value a newcomer's ideas.

    Cons

    A career as a financial advisor is a difficult one to sustain, particularly in the beginning. Good financial training aside, you are essentially let out of training with a clock ticking down trying to find clients. If you are new to the job world with few monied contacts, the training is *not enough*.

    Advice to ManagementAdvice

    Hire people with more overt sources of leads and previous-career clients to turn into FA clients.

    Recommends
    Neutral Outlook
    Approves of CEO
  2. Great learning opportunity and chance network with wealthy individuals

    • Comp & Benefits
    • Culture & Values
    Former Intern - Private Wealth Management Intern in Chicago, IL
    Former Intern - Private Wealth Management Intern in Chicago, IL

    I worked at Morgan Stanley Smith Barney as an intern (less than a year)

    Pros

    Prestige of working for one of the top investment banks, great learning opportunity, great networking, beautiful office

    Cons

    Long hours, unhappy employees, definite hierarchy structure

    I worked with one CSA (essentially secretary) who was completely incompetent, rude, and moody yet had not been fired, let alone spoken to about her unprofessional and rude actions

    Advice to ManagementAdvice

    Provide incentives for lower level employees (CSAs) to actually complete their work in a timely matter

There are newer employer reviews for Morgan Stanley Smith Barney

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