Morgan Stanley
3.4 of 5 1,417 reviews
www.morganstanley.com New York, NY 5000+ Employees

Morgan Stanley Reviews

Updated Apr 22, 2014
All Employees Current Employees Only

3.4 1,417 reviews

                             

77% Approve of the CEO

Morgan Stanley CEO James P. Gorman

James P. Gorman

(638 ratings)

72% of employees recommend this company to a friend
1,417 Employee Reviews
in

Review Highlights

Pros:
  • "Their work life balance policies allow you to work from home when you cannot get in"
    in 88 reviews
  • "There are lots of smart people there who you can learn a lot from"
    in 78 reviews
Cons:
  • "Very limited work/life balance, which they claimed was very important to them"
    in 81 reviews
  • "Long hours in the operation department when the market is bad"
    in 102 reviews
  • Show more review highlights

Reviews

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  • No Opinion of CEO

 

Horrible place to work, unless you like ripping off your clients.

Registered Client Service Associate (Former Employee)
Tampa, FL

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

ProsThe pay was good, office hours were good and the management was nice to work for.

ConsI worked at their Client Advisory Center which was a big title for a call center. Morgan Stanley is a horrible company to their smaller net worth clients. If you had less than $100,000 invested with them, their local financial advisors no longer got paid anything for them so they were encouraged to send them to the call center. The smaller customers get ripped off completely with very high low balance fees and terrible customer service. The training was horrible, and the ethics of Morgan Stanley are non-existent. Many of the smaller net worth clients were not very financially educated and Morgan Stanley took advantage of this. We were not allowed to tell them about the fees they were getting charged, only if they happened to look at their statement and notice the rip off. If we brought the fee structure up to the customer we could get fired. They charged these outrageous fees and hoped the customers would ignore their statements or just not savvy enough to figure it out. Horrible horrible company to work for and worse for their unwitting clients.

No, I would not recommend this company to a friend

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Looking to outsource every ops position

Director (Current Employee)
New York, NY

I have been working at Morgan Stanley full-time for more than 8 years

ProsGreat for recent grads to gain experience.

ConsZero compensation in operations.
Starting salaries are very low, you won't make up money unless you leave company
Won't match other company's offers
Experience employees who do leave, get replaced with Temps, FTE who stay get more work.
Promotions do not come with compensation, never heard of that one.

Advice to Senior Managementstart paying competitive wages.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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Zero loyalty to employees

Senior Registered Associate (Former Employee)

I worked at Morgan Stanley full-time for more than 10 years

ProsStreet name recognition, local management pleasant and sound interested.

ConsUnreliable IT, treat support staff badly, understaffed.

Advice to Senior ManagementAllow regional and complex managers to make decisions with more autonomy instead of individuals vastly removed from facts making career decisions.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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Boiler Room - Culture of Fear - Despicable Management

Financial Advisor Associate (Former Employee)
San Francisco, CA

I worked at Morgan Stanley full-time

ProsCan't really think of much. Free coffee?

ConsHorrible management style. Miserable employees. Weak compensation. There wasn't a smile in the whole place. MS is a dinosaur of a corporation that needs to revamp their management style/corporate culture to get in touch with the 21st century.

Advice to Senior ManagementTreat your employees like human beings!

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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really low pay, sloppy work culture

Anonymous Employee (Former Employee)

I worked at Morgan Stanley full-time

Proscan be supportive work environment, flexibility if someone can "pull some strings"

ConsA lot of foot soldiers

Advice to Senior ManagementI'm guessing most of them aren't the types to really seek out advice on how to do their jobs better

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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Morgan Stanley

Rep (Former Employee)
New York, NY

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

Prosnothing nice to say so I won't say anything and that's all I have to say, so 20 word minimum is a hard thing to do when you don't have anything nice to say.

Consno team work, managers have no clue

Advice to Senior Managementget a clue

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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Shameful management

Anonymous Employee (Current Employee)

I have been working at Morgan Stanley

ProsOk colleagues. Good name on CV. Big bank name, good to have worked for them

ConsShameful and incompetent management. The work environment / team spirit don't need that

Advice to Senior ManagementSelect competent people for your own good

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morgan stanley

Anonymous Employee (Current Employee)

I have been working at Morgan Stanley

ProsThere is some potential to make money if you are willing to lie cheat and steal

Constechnology is awful for such a big corporation

Advice to Senior Managementgood luck

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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Avoid it

Associate (Current Employee)

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

Prosif you are lucky and in the right team you might learn a lot. People probably will be nice around you.

Consif you are a developer
- expect to be second grade citizen. Traders and managers come first then the rest.
- expect too many support issues. You can be called in the middle of the night.
- expect hard work with low compensation
- expect poor code quality (hence lot of maintenance / support issues)

appart from that work environment is prety poor. People work in overcrowded open area offices..

Advice to Senior Managementdon't take yourself too seriously

No, I would not recommend this company to a friend

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Be aware of politics and low morale

Vice President (Former Employee)
New York, NY

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

Pros- Great existing franchises
- Decent leadership (James Gorman is actually an above average CEO)
- Decent asset management business

Cons- Rife internal politics and finger pointing culture
- Technological unsavvy workforce
- Disrespectful people

Advice to Senior ManagementKeep it up

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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