Morgan Stanley

www.morganstanley.com

Morgan Stanley Reviews

Updated January 30, 2015
Updated January 30, 2015
1,915 Reviews
3.6
1,915 Reviews
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Morgan Stanley CEO James P. Gorman
James P. Gorman
907 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's still the dog-eat dog, client-last, boiler room culture of the 1980s

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

    I worked at Morgan Stanley

    Pros

    If you are the family member of a senior employee, you will be set for life, Compensation structure, even after the restructuring for FA comp, is still very generous

    Cons

    To succeed, at least at first, you need to put your own ethics on the back burner and be comfortable with hurting your clients. That is, if you don't, you won't make enough revenue to keep your job.

    Now if you are inheriting someone's book of business or joining a team, it's a much different story.

    Old style marketing expectations. Dialing through the telephone book in the days of "Do Not Call Lists" does not work.

    Other advisors, at least in my office, will stab you in the back if it means stealing an account from you. Unfortunately, there is nothing you can do about it since they are senior and have certain privileges.

    Advice to ManagementAdvice

    Ethics is not just a buzz word which should occasionally find its way into company verbatim. Client first, always!!!

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  2.  

    Quickly going down hill at the Central review unit.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Risk Analyst in South Jordan, UT
    Current Employee - Risk Analyst in South Jordan, UT

    I have been working at Morgan Stanley full-time (more than 3 years)

    Pros

    Competitive Pay
    20 Vacation days
    7 Sick days

    Cons

    5 of the 6 supervisors have left in the past 16 months, due to lack of leadership and personal growth options.

    Original management has been leaving one by one due to lack of interest to retain tenured employees from upper management in NY. This has let in an inexperienced management group who is running the risk area like a entry level role and changing/creating policy on the fly without notification.

    Advice to ManagementAdvice

    Try to retain tenure managers who created the group. Do a formal interview process for new manager roles, don't choose the most tenured risk analyst and offer the role. Their is a reason why these people haven't left and it's because they don't have the experience to do so.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  3.  

    If you don't want any life, work here

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

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

    Pros

    Great location, nice offices, I liked my co-workers

    Cons

    Too many hours worked, unreliable systems, little pay, little bonus, lots of meetings (most of them unrelated to your daily tasks, but they were held by upper management, so they needed bodies in the sear)

    Advice to ManagementAdvice

    Appreciate your employees, offer trainings, offer free parking to employees

    Doesn't Recommend
    Neutral Outlook
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  5. 1 person found this helpful  

    nice working environment, not a great in compensation

    • 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 full-time (more than 8 years)

    Pros

    good career opportunities, loose management structure, encourage independent thinking and leadership, work life balance is not bad, working environment is great, people are generally good

    Cons

    compensation is poor, promotions are hard to come by. very top heavy, senior management is an exclusive club (this is everywhere)

    Advice to ManagementAdvice

    please improve the following: compensation is poor, promotions are hard to come by. very top heavy, senior management is an exclusive club (this is everywhere)

    Recommends
    Positive Outlook
    Approves of CEO
  6. 1 person found this helpful  

    Solid company . Great benefits and compensation for new hires.

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

    I worked at Morgan Stanley

    Pros

    Medical benefits while costly are the best out there . Employee resources, benefit center etc are user friendly. Company has invested tremendously on its technology platform. Training tools are always available.

    Cons

    Compensation. Career growth is limited and not encouraged in many support positions. There is no work life balance and financial advisors are often given full control of your work life balance.

    Advice to ManagementAdvice

    Create greater career paths for your support staff. Make sure employee perks are given to other large branches that can use annual flu shots and on site emergency child care.

    Recommends
    Positive Outlook
  7.  

    Great place to work, just not enough pay.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Manager Finance Division in New York, NY
    Current Employee - Manager Finance Division in New York, NY

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

    Pros

    Challenging work environment; Opportunity to have a wide range of experience through internal mobility; getting to work with smart and talented people. Friendly atmosphere.

    Cons

    Unsatisfactory Pay and inadequate recognition of employees achievements

    Advice to ManagementAdvice

    Show appreciation for your employees efforts. Encourage more social activities and opportunities to network.

    Recommends
    Neutral Outlook
    Approves of CEO
  8.  

    Solid place to start wealth management career

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

    I have been working at Morgan Stanley

    Pros

    decent salary, biggest advisors on the street, great brand name

    Cons

    horrible training, no offce culture

    Advice to ManagementAdvice

    offer young advisors bigger incentives

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    On the right track

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

    I have been working at Morgan Stanley

    Pros

    great culture, everyone is smart and genuinely cares. company is on the right track and everyone is on board with the goals

    Cons

    I work in finance and the division does not get nearly the recognition or compensation it deserves whole working hours comparable to the front office

    Advice to ManagementAdvice

    grow your young talent while weeding out complacent middle management

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    A firm with an outstanding reputation but a very aggressive pay structure.

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

    I have been working at Morgan Stanley part-time (less than a year)

    Pros

    High level of expectation
    Incredible learning opportunities and education modules provided by company
    High integrity of firm and employees

    Cons

    Lack of congruity
    Aggressive pay structure

    Neutral Outlook
  11.  

    Great Company, poor program structure and benefits

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Advisor Associate in New York, NY
    Current Employee - Financial Advisor Associate in New York, NY

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

    Pros

    Great, smart people regularly available
    Abundance of resources available
    Very flexible work hours (but as a financial advisor program that is to be expected)

    Cons

    Slow processes for some very simple tasks (aka bureaucratic), but that's to be expected at any big firm really

    Compensation is unacceptable. Inadequate starting salary for surrounding cost of living, and it begins to go away after 1 year. There's virtually no aid in getting your business off the ground (they give you $260.00 a year in expense reimbursement, which is an insult coming from a Top 5 bank). They also take 60 - 80% of your sales, depending on your performance. So they take the lion's share of your money, then expect you to then spend even MORE money to build your book.

    Advice to ManagementAdvice

    Construct a program that's actually designed to retain advisors. Your attrition rate is ~ 80%. You're one of the biggest, best run banks in the whole world. You don't get 80% attrition from bad hiring policies, or simply because people are "bad at sales". It's because you aren't willing to take the risk to actually invest in your associates, ie, fronting some REAL money their way so they can get off the ground. This is a relationship business, and relationships need time to build; so you need to make sure your advisors are given enough time and money so that they can build these relationships. And don't give me the old "You need to bring your pre-existing relationships in when you start the job". Last year, the average hiring age of advisors at your company was 25. Guess what? 25 year olds don't have pre-existing relationships, at least certainly not enough to meet your standards. They're pretty much starting from ground zero, with student loans, and minimal capital to spend. Construct a program that's ACTUALLY designed to retain them.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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