Morgan Stanley Reviews

Updated August 28, 2015
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3.6
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Morgan Stanley CEO James P. Gorman
James P. Gorman
974 Ratings

Pros
  • Good work-life balance depending on your role (in 117 reviews)

  • Smart people from diverse culture & background (in 93 reviews)

Cons
  • Work life balance is really bad (in 109 reviews)

  • Long hours leading to potential burnout (in 121 reviews)

More Pros and Cons

2,190 Employee Reviews

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  1. Greatest employer out there for a large company

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor Trainee in Wellesley, MA
    Current Employee - Financial Advisor Trainee in Wellesley, MA
    Recommends
    Approves of CEO

    Pros

    It is a world-class organization that gives you excellent work experience working under some of the industry's brightest professionals.

    Cons

    I don't know of any downsides to working there.

    Advice to Management

    Keep up the good work.


  2. Best investment banking employer on Wall Street

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investment Banking Analyst in New York, NY
    Current Employee - Investment Banking Analyst in New York, NY
    Recommends
    Approves of CEO

    Pros

    In short, great pay, great colleagues, great internal and external opportunities, great name brand recognition, relatively few strong and difficult personalities (relative to other banks on Wall Street). Morgan Stanley has demonstrated time and time again a truly differentiated culture that empowers employees to succeed and to get paid well for their efforts. As an analyst, there is no better investment bank to work for than Morgan Stanley.

    Cons

    Unpredictable hours, long hours, sometimes subordinates are forgotten (when credit is given) The standard issues with being an analyst at a bulge-bracket bank - working into the early morning on transactions, needing to break previously scheduled appointments, or generally having a difficult time balancing work and life

    Advice to Management

    Focus on ensuring worklife balance for investment banking employees


  3. MS is a place for bright people that want to work in a collaborative environment offering excellent career development.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Banking Associate in San Francisco, CA
    Former Employee - Investment Banking Associate in San Francisco, CA
    Recommends
    Approves of CEO

    Pros

    At Morgan Stanley, I am surrounded by the brightest minds in the banking industry. There is a tremendous culture focused on first-rate client service, which is achieved by hiring and developing talented people that share an enthusiastic and collaborative vision and drive. Compensation is linked to personal, group, and firm performance, which encourages each person to perform at his or her highest potential. Feedback from colleagues is thoughtful, and often informal. Senior management does a great job of training junior people in the business of investment banking and of sharing strategic information about the issues and opportunities facing the group and bank.

    Cons

    The largest downside of working at any investment bank is the riskiness associated with employment on Wall Street. Like all investment banks, Morgan Stanley has had to lay off some of its bankers to keep costs reasonable in the face of an economic downturn.

    Advice to Management

    Keep up the good work! Let's find more ways to integrate our products to provide creative financial solutions for clients.


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  5. Helpful (1)

    Stable, good pay, great work-life balance, becoming a telemarketing job

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor (Client Advisory Center- Salary With Bonus) in Columbus, OH
    Current Employee - Financial Advisor (Client Advisory Center- Salary With Bonus) in Columbus, OH
    Recommends
    Approves of CEO

    Pros

    Positive corporate culture (gender equality initiatives, employee appreciation and performance-based incentives), great benefits (best medical benefits package I have ever seen, great employee discounts at dozens retailers/etailers and okay employee discounts on brokerage accounts) and vacation package (I got 3 weeks to start, now new hires only get 2 weeks to start- you get the vacation as of Day One), great professional development opportunities, open-door policy with senior management, great work-life balance, I get a salary plus bonus instead of commission-only.

    Cons

    Pay may be lower than that of other companies (this may be offset by great work-life balance), my office is several states away from New York City, so advancement opportunities are nonexistent unless I were to relocate to NYC, and I am not relocating to that overpriced place unless my salary were to at least triple. Going from a customer-service business model to a hard-core telemarketing business model- this is causing significant turnover and eroding morale.

    Advice to Management

    Since you are obviously changing our business model from customer-service to hardcore telemarketing, have the courage to come out and say it. Your vague platitudes and assurances about the integrity of our business model is nothing more than a house of cards. The Emperor wears no clothes!


  6. First class business in a first class way

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Research Associate in New York, NY
    Current Employee - Research Associate in New York, NY
    Recommends
    Approves of CEO

    Pros

    great teamwork, great place to learn the business from very experienced managers. real thrill of getting the deal done and winning in the market place, thinking like an owner makes a big company feel small. Great brand name and trust that has been built with clients over many years.

    Cons

    have to work a lot of time. Have to be careful about the managers whom you work for. Also want to make sure you are on a good path to success and have appropriate feedback to determine what those paths are early on.

    Advice to Management

    its a great place to work but we need to develop talent management programs more thoughtfully


  7. Great place to work, very satisfied...

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Los Angeles, CA
    Current Employee - Financial Advisor in Los Angeles, CA
    Recommends
    Approves of CEO

    Pros

    the management is great, and working environment is very professional. everyone is very nice, helpful, and most have the same goal to help the firm grow. each day is different, as you never know what to expect and the employees are very fun to be around. makes coming to work each morning very enjoyable.

    Cons

    sometimes difficult to have time off...RFE program is well-thought out, but it can be extremely difficult to obtain the top levels in order to achieve your bonuses. not much guidance is given aside from self taught / instructional videos you watch online.

    Advice to Management

    Mack is doing a great job


  8. Great company to work for

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Business Analyst in New York, NY
    Former Employee - Business Analyst in New York, NY
    Recommends
    Approves of CEO

    Pros

    Great reputation and prestige around the industry. Incredible knowledge of colleagues and managers. The potential to grow and advance here is much greater than you might find in other firms. If you are a hard worker and willing to put the time in, you can move up the ranks. Positive environment, and also huge stress on work-life balance, which is great. Vacation time is great compared to some competitors.

    Cons

    Potentially long hours. Many people in application pool (particularly in New York), which makes it that much harder in landing new positions, promotions, etc. Make sure to do things to make yourself stand out if your interested in climbing the corporate ladder.

    Advice to Management

    Recognize top performers more often and more publicly (even if they are first or second year analysts. Positive reinforcement encourages continual top performance.


  9. Helpful (1)

    A culture of high performers that recognizes & rewards the best.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in New York, NY
    Current Employee - Vice President in New York, NY
    Recommends
    Approves of CEO

    Pros

    It has a strong culture of excellence, smart people, and is a meritocracy; there is very little hard politics in the organization. The pace is fast and the work very challenging, and the people around you are most focused on getting things done, and done well.

    Cons

    Can be high pressure some days. It's not bureaucratic but sometimes the drive for consensus and input can slow things down.

    Advice to Management

    Remember what you have under you -- a strong company of exceptionally dedicated people, a culture that will long outlast you -- do what it takes to reinforce that culture, and we will get through even the most difficult conditions.


  10. Helpful (4)

    Morgan Stanley IT

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - IT Associate in New York, NY
    Current Employee - IT Associate in New York, NY
    Recommends
    Approves of CEO

    Pros

    The best reasons are 1. The people. Morgan Stanley attracts a lot of the best people in the industry and they have a VERY strong new graduate recruitment pipeline that is great at getting the good ones and keeping them on. Attrition rate is very low and a lot of the good people have been around for a long time. 2. The compensation is excellent. Definitely above average or at the top. 3. Flexibility. Management is very flexible about career options, work hours, work locations 4. Range of technology used is wide and it is easy to get interesting projects.

    Cons

    Although it is a great company to be working at, the biggest downside is the fact that it is in the financial industry :). Given the recent times, it is understandable, but there are a lot of spending cuts and many of them are forcing the company to give up some of the more interesting but not immediately profitable avenues. Feedback from management has not been good traditionally, but has improved a lot in recent times with the change in leadership. The distributed nature of the company makes it a little harder to work. Most teams are split across NY, London, Montreal and Budapest.

    Advice to Management

    Stay on the current track. Keep talking to us regularly.


  11. Excellent workplace

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Software Developer in New York, NY
    Current Employee - Software Developer in New York, NY
    Recommends
    Approves of CEO

    Pros

    Excellent environment. Very knowledgeable co-workers and managers. They are also on the cutting edge in technology, incorporating new designs and ideas in all products. Management is easy to contact and the company itself is very open. Managers are very friendly and open and willing to sit down and discuss any concerns you may have. There are also plenty of projects for people to work on and they keep you busy; you are not twiddling your thumbs in the corner.

    Cons

    Work hours can be long during crunch times. Current economic situation doesn't help. Can be disheartening to see the stock drop over a week.

    Advice to Management

    Continue doing the excellent work you have been doing.



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