Morgan Stanley

  www.morganstanley.com
  www.morganstanley.com

Morgan Stanley Reviews

Updated December 18, 2014
Updated December 18, 2014
1,817 Reviews
3.6
1,817 Reviews
Rating Trends

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Morgan Stanley CEO James P. Gorman
James P. Gorman
856 Ratings

Review Highlights

Pros
  • Their work life balance policies allow you to work from home when you cannot get in (in 117 reviews)

  • Since it's difficult to get into Morgan Stanley, you'll work with very smart people (in 93 reviews)


Cons
  • Very limited work/life balance, which they claimed was very important to them (in 109 reviews)

  • Long hours in the operation department when the market is bad (in 121 reviews)

More Highlights

Employee Reviews

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  1.  

    it is ok

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Morgan Stanley

    Pros

    some of the people are good

    Cons

    management needs to stop pushing

    Advice to ManagementAdvice

    nothing at this time

    Doesn't Recommend
    Negative Outlook
  2.  

    Incompetent Managers, Lots of Turnover, and Low Pay

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Associate in Baltimore, MD
    Current Employee - Associate in Baltimore, MD

    I have been working at Morgan Stanley full-time (more than an year)

    Pros

    Four weeks vacation and friendly co-workers. Plenty of space available for parking and proximity to Fells Point bars and restaurants.

    Cons

    Managers are incompetent and are more concerned about themselves than advancing your career. Stagnant salary increases, random layoffs, and promotions are based on tenure with the firm rather than intelligence and intellectual capability. IT systems are outdated and emphasis on cost cutting has really hurt firm morale. Lots of disarray between teams in different locations which causes confusion and inefficiency. The leadership in the Baltimore office is mainly concerned with keeping costs low and making employees work very hard for minimal pay. Also, I don't understand the forced volunteerism. Most employees are forced to perform volunteer work and receive negative feedback from managers when they don't volunteer. I would only take a position here if you have absolutely nothing else on the horizon. In addition, Baltimore is extremely ghetto.

    Advice to ManagementAdvice

    Pay your employees! Base promotions on performance as opposed to tenure with the firm. Managers should take classes on organizational behavior. There are many incompetent managers at this location and they are only concerned about themselves. Improve IT systems and also add more bathroom stalls on each floor. Three stalls for an entire floor of 150 employees is insufficient. Also, by keeping costs low, the high employee turnover will only continue to cause disarray in this office. Leadership seems to lack a sense of how to add value to the firm and will likely hire a temp employee to replace you if you are not performing to their high standards. This place is a joke!!

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  3.  

    awful merger w/ Smith Barney

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Client Service Associate in New York, NY
    Former Employee - Client Service Associate in New York, NY

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

    Pros

    great non-management co-workers, great location, good LGBT involvement with staff and the community at large.

    Cons

    unorganized merger execution, terrible management changes, systems that constantly freeze, restart or just plain don't work, managers who don't leave their offices.

    Advice to ManagementAdvice

    get out of your offices and look like you care even if you don't.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
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  5.  

    Customer Service Manager's are ridiculous.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Salt Lake City, UT
    Former Employee - Anonymous Employee in Salt Lake City, UT

    I worked at Morgan Stanley full-time (more than 3 years)

    Pros

    I loved all my co-workers except management. Always had nice company parties. Clean work environment. The Risk officer's are very good at what they do and committed to their job.

    Cons

    Compensation is insulting. CSM's are impossible to work with. They do not listen, they are rather insulting to their employees for their own gain.

    Advice to ManagementAdvice

    Take a closer look at how the CSM's are treating the staff.

    Doesn't Recommend
    Approves of CEO
  6.  

    Horrifying culture. Company could care less about the well-being and prospects of employees.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Analyst in New York, NY
    Former Employee - Analyst in New York, NY

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

    Pros

    High caliber of analysts hired... but the smartest ones know not to stay.

    Cons

    The culture is horrendous. Senior people make sexually inappropriate jokes in group meetings unabashed. The group as a whole behaves like a frat house. Paying an analyst a thousand dollars to eat a whole cake at work etc...
    You'll spend more time watching your back than getting real work done. You'll be afraid to help colleagues because you'll be more afraid of how that could screw you. Advancement is opaque and definitely not merit based.
    I've never met such awful, selfish people in my life... only in movies.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  7.  

    Always under water

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Morgan Stanley

    Pros

    Large company with the possibility of growth potential. Very well known with a good reputation. Co workers are great people with vast knowledge

    Cons

    In actuality, no growth in many groups. Management will let you drown and cover their own selves. Never any additional help provided.

    Doesn't Recommend
  8.  

    CSA

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - CSA in Menlo Park, CA
    Former Employee - CSA in Menlo Park, CA

    I worked at Morgan Stanley part-time (less than an year)

    Pros

    They do a great background check so you can trust employees are honest. It's a good name to have on a resume.

    Cons

    Very bad management, poor training and hostile work environment for older people, or people returning to work after taking a couple years off to be a stay at home mom.

    Advice to ManagementAdvice

    Company is lucky I don't believe in lawsuits. Things that managers said to me where not professional and completely illegal for someone in my age bracket.

    Doesn't Recommend
    No opinion of CEO
  9.  

    Micro Management, and Work place is like Graveyard

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

    I worked at Morgan Stanley full-time (less than an year)

    Pros

    "Investment Banking" experience on your resume, and the network. Nothing beyond that. All things are smoke and gloom.

    Cons

    Time-off, Work from home, Tuition reimbursement benefits are eye-wash. Because these are all at "Manager's discretion. It just means, you are not going to get it that easily. So don't fall for these benefits trap. Health benefit is not that good considering how well reputed this employer is, on the street.

    Lot of great technologies, but it's unnecessarily complicated (to the level that you wouldn't see anywhere else), but perhaps it is because the technologists are doing it to keep their job secured.

    Work environment feels like graveyard. Also, depending on your manager your experience might get worse. At-least that team I was in, the guy didn't know what he wanted. Things kept changing every day, and gotten worse to a level it started to change every 2-3 hours. Talk about Agile, this is abuse of Agile. :)

    There was no training given in financial domain. I was given an online account to read through material. But if you are squeezed for 12-14 hrs a day, when do you think you have time to read that stuff? Forgot about your family if you want to work in this place.

    Advice to ManagementAdvice

    Stop pretending to have the best process in place, and best people in place to lead. Start thinking about work-life-balance for your employees. You might be stressing this already at the top-level, but it never reached the VP level (you can imagine, how it would be at the Associate levels).

    Consultants/Contractors are the ones who have made the best deal ever. They get paid very well (not having to worry about non-existent bonus). And they don't have to work beyond 8-9 hrs a day, if they do, they get paid extra for that time. Does this mean, "Being an Employee" in your organization is a sin, unless you are at the top-level?

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  10.  

    Horrible

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

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

    Pros

    The company does pay for a trainee's licensing education (Series 7, Series 66, Insurance) but that is ALL the training, and it is done by a third party. Morgan Stanley just pays the bill..

    Cons

    Despite being told there was a comprehensive training program, where I would meet with the development manager and branch manager at least once a week to develop sales strategies, that did not happen at all. Those guys were more concerned with playing golf and telling the staff how great they were and how they made so much money in the business. The world-class training in the New York headquarters was also a joke.

    Clients and trainees are just numbers, unless they have million dollar accounts. What new person is going to land such an account with absolutely no internal support or training.

    Advice to ManagementAdvice

    Get rid of the old boy network, start actually caring about your clients and employees, or just retire. You are the reason most people hate wall street firms.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11.  

    If you don't want a life work here as in Integrator

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Integrator in Montreal, QC (Canada)
    Former Employee - Integrator in Montreal, QC (Canada)

    I worked at Morgan Stanley as a contractor (more than an year)

    Pros

    The contract rate was good but with the long hours it doesn't work out to be any better that at other companies with a sane work week.

    Cons

    No work-life balance and they don't really care. They expect you to work 7 days a week, 5 full time week days + partial on Sat and Sun so essentially you are tied to you job all the time. No desire to build tools to automate repetitive task to allow people to be more "productive".

    Advice to ManagementAdvice

    Consider how they use people and treat them better

    Doesn't Recommend
    No opinion of CEO

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