Morgan Stanley Smith Barney

www.morganstanleysmithbarney.com
Unclaimed Profile

Morgan Stanley Smith Barney Reviews

Updated August 9, 2015
119 reviews filtered by
  • New York City, NY Area
  • Any Job Title
  • Any Status
Employment Status

Reset
3.0
Rating Trends
Recommend to a friend
Approve of CEO
Morgan Stanley Smith Barney President Greg Fleming
Greg Fleming
46 Ratings

Pros
  • Stable career and good work/life balance (in 15 reviews)

  • Fortune 500 company with good benefits (in 22 reviews)

Cons
  • There is a disconnect between the companies desire for Financial Advisor Associates to succeed and their actions (in 20 reviews)

  • The training program was a complete joke (in 13 reviews)

More Pros and Cons

119 Employee Reviews

Sort: Popular Rating Date
  1. I had a great experience working with a team of financial advisors during the summer.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Wealth Management Intern in New York, NY
    Former Intern - Wealth Management Intern in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great environment. Everyone was very helpful and considerate. I had great exposure to the municipal bond market. I had face to face interaction with clients.

    Cons

    I didn't have a specific role so some of the days there was no work for me and it got kind of boring. The pay was very minimal and just covered my traveling expenses.


  2. I came from Citi Smith Barney we were moved to Morgan Stanley Smith Barney

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Program Manager in Purchase, NY
    Former Employee - Program Manager in Purchase, NY
    Doesn't Recommend
    Negative Outlook

    I worked at Morgan Stanley Smith Barney full-time (More than 3 years)

    Pros

    The people I worked with.

    Cons

    Morgan Stanley created a new company so they could deny benefits to people and still call it "Morgan Stanley". I think out of 20, many there are 2 people left. Everyone else quit or got another job. Low morale, low pay. They had a dinky van they charged us $400 a month, you read it right, from our paychecks, for us that were coming from NYC. I quit as soon as I got the bonus.


  3. It was a fantastic experience. You work along the smartest people in the industry and the learning curve is steep.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Wealth Management Intern in New York, NY
    Former Employee - Wealth Management Intern in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Right when I walked into the door, people were greeting me instantly. Everyone is truly dedicated to their work and this promotes internal competition to constantly keep you thinking on your feet.

    Cons

    My boss didn't provide the amount of work that I had expected. I felt that I kept asking for more work.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Luck will shape your experience here

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in New York, NY
    Current Employee - Vice President in New York, NY
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    If you happen to pick the right group to join, then your experience can be awesome...at a discounted salary compared to other banks. There are a lot of fun projects to migrate archaic platforms to a new technology stack. If you're interested in learning something new or stretching your knowledge, make sure to pick the right group and right boss. You'll know it's the right group when people in that group are smiling and happy even when they are crazy busy.

    Cons

    Salary is relatively low compared to other banks. However, if you're in the right group, you have the flexibility to learn and do new things that you wouldn't be able to do in other banks. There's a big chasm between employees who are working on legacy applications versus the employees building the new applications. It's sad because I like the people here.

    Advice to Management

    Pay your top talents at the very least what they are worth in the market. At some point, we all get tired of getting less money and we will eventually move on.


  6. VP

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in New York, NY
    Former Employee - Vice President in New York, NY
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Smart people, friendly, learn a lot, eager to teach

    Cons

    Long hours, a lot to do

    Advice to Management

    More leadership


  7. Great introduction to wealth managemnt

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Wealth Management Intern in New York, NY
    Former Intern - Wealth Management Intern in New York, NY
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Friendly and helpful staff. HR is very helpful through the onboarding process. Coworkers were professional and pleasant. MSSB gives access to 'corporate perks' via an online platform. Office communicates additional opportunities, events, etc via email.

    Cons

    Hard to get accustomed to all MSSB's resources in a short amount of time. Compliance tests are long and annoying, but a necessary process.


  8. The grass is greener...

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Morgan Stanley Financial Advisor in Morristown, NJ
    Current Employee - Morgan Stanley Financial Advisor in Morristown, NJ
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Morgan Stanley Smith Barney full-time (More than 5 years)

    Pros

    Professional atmosphere, great colleagues, old ML guard leading co.

    Cons

    little further distance to travel

    Advice to Management

    don't cut our comp or support staff...look to the higher apid execs for cost savings


  9. Wealth Management Technology

    Current Employee - IT in New York, NY
    Current Employee - IT in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Morgan Stanley Smith Barney full-time (More than 5 years)

    Pros

    Free coffee and tea. Ability to telecommute depending on the manager.

    Cons

    Managers do not know how to manage and they play favoritism. It seems consultants outnumber employees. A lot of functional redundancy and overlap. People are insecure and a lot of infighting for projects. Strange how the CIO pressures us to reduce our spending, tells us there isn't enough money for better pay and bonuses, tells us our project funding is being cut, along with regular talk of headcount ramp-downs, but managers fly back and forth from NY to London to India. Also, plenty of senior managers hired from the CIO's previous company, who then hired their team members from the company, even though we went through a hiring freeze.


  10. Good company but has become stagnant with pay and employee advancement

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Operations Director in New York, NY
    Current Employee - Operations Director in New York, NY
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Morgan Stanley Smith Barney full-time (More than 10 years)

    Pros

    Nice people, stable work in bad economic times

    Cons

    The salary is a little low compared with other companies.

    Advice to Management

    Increase salary to market to keep employees


  11. Good at local levels, gets worse as you go up

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Client Service Associate in New York, NY
    Former Intern - Client Service Associate in New York, NY
    Recommends
    Negative Outlook
    No opinion of CEO

    I worked at Morgan Stanley Smith Barney as an intern (More than 3 years)

    Pros

    Offers flexible hours once you reach a high enough level, large degree of independence to perform your work as you see fit, great institutional support in terms of research and operations

    Cons

    Recent cuts to back office staff have massively reduced productivity especially when in building tech support phone calls now go to an out of state calling center staffed with less knowledgeable people, technology upgrades are always handled poorly with large disruptions in one case causing a mass exodus of top producers who were angry at the changes, upper level management unresponsive to branch needs since takeover by Morgan Stanley

    Advice to Management

    Don't release tech upgrades that fail and cause work stoppages and disruptions for months, test them thoroughly first. If you do create such problems, publicly minimizing them as not especially important or minor is disrespectful and, when untruthful, highly damaging to employee morale.



Showing 119 of 525 reviews
Reset Filters
RSS Feed </> Embed

Your response will be removed from the review – this cannot be undone.