Morgan Stanley Smith Barney

  www.morganstanleysmithbarney.com
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Morgan Stanley Smith Barney Reviews in New York City, NY

Updated August 14, 2014
Updated August 14, 2014
474 Reviews

3.2
474 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Morgan Stanley Smith Barney President Greg Fleming
Greg Fleming
140 Ratings

Review Highlights

Pros
  • Additionally, the hours are extremely good and able to maintain a great work life balance (in 11 reviews)

  • Good benefits/PTO, fast-paced learning environment, great advisors (in 21 reviews)


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

  • Invariably, unless you are part of a team you will not make it through the training program (in 13 reviews)

More Highlights

110 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Pay getting worse, increasing outsourcing both on- and offshore.

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

    I have been working at Morgan Stanley Smith Barney full-time for more than 3 years

    Pros

    Very flexible work arrangements, good technology stack (on the Morgan side, the SB side works with vacuum tubes)

    Cons

    Zero bonus for years now, LOTS of H1B- staff and India teams which depresses comp for everyone (local leaves->3 new India hires), really cool tasks (mobile, etc.) outsourced to contractors.

    Advice to ManagementAdvice

    Realize that Gorman is perceived as a jerk in the lower ranks, and it depresses morale. Paying millions to traders and for the others it's "if you're unhappy, just leave".

    Doesn't Recommend
    Disapproves of CEO
  2.  

    High on talent and resources, low on loyalty.

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

    I have been working at Morgan Stanley Smith Barney full-time for more than a year

    Pros

    Great resources, prestigious name, stable

    Cons

    Wealth management training program, low commissions

    Recommends
    Positive Outlook
    No opinion of CEO
  3.  

    Morgan Stanley was a great stepping stone toward a promising career in the Financial Services Industry.

    • 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 Smith Barney as an intern for more than a year

    Pros

    Great Experience. Gave me the knowledge necessary to understand how to become a successful Financial Advisor.

    Cons

    Stressful work environment, lack of guidance.

    Advice to ManagementAdvice

    Upper Management was great and were helpful

    Recommends
    Neutral Outlook
    Approves of CEO
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  5.  

    Very strange

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

    I worked at Morgan Stanley Smith Barney full-time for less than a year

    Pros

    You get a relevantly flexible schedule and not a bad pay. Executives are doing not a bad job as a cheer-leaders. But that would be all...

    Cons

    No guidlines, no certainty. No really advanced feedback or meaningfull planning.

    Advice to ManagementAdvice

    Treat people as humans

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6.  

    You get out what you put in

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

    I worked at Morgan Stanley Smith Barney full-time for more than 5 years

    Pros

    Very good firm. You will work hard but it will be professionally rewarding.

    Cons

    Work/life balance at times can be difficult to maintain.

    Recommends
    Positive Outlook
    No opinion of CEO
  7.  

    Morgan Stanley Smith Barney

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

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

    Pros

    Successful retail business,,,stronger now since the joint venture with Smith Barney.

    Cons

    Overall culture has changed. People are not happy. Low morale. Non-competitive salaries, no raises or bonuses. No work life balance.

    Advice to ManagementAdvice

    Treat your employees with more respect and appreciate their hard work and dedication.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8.  

    They're killing themselves

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

    I worked at Morgan Stanley Smith Barney full-time for more than 3 years

    Pros

    Good people. Most people trying to make the right things happen

    Cons

    Very beaurocratic. Don't listen to front line managers. Will fire staff in a second to make financials better. Short term focus for managers.

    Advice to ManagementAdvice

    Look at the long term. Ride through the lows and be ready for the upswing.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  9.  

    Treats employees like commodoties

    • 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 Smith Barney as a contractor for more than 3 years

    Pros

    - Good infrastructure.
    - Good hardware to get the work done but bad support structure.

    Cons

    - very bad focus on the process management
    - opaque access to management
    - manager knows to play politics - sides the subordinates and then flips coin to his manager,

    Advice to ManagementAdvice

    - learn to treat people as humans not commodites

    Doesn't Recommend
    Negative Outlook
  10.  

    Analyst

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

    I have been working at Morgan Stanley Smith Barney as a contractor for less than a year

    Pros

    Great company, good benefits, great people

    Cons

    Management can be annoying and distracting

    Advice to ManagementAdvice

    Let people go there work and bother someone else

    Recommends
    Neutral Outlook
    Approves of CEO
  11.  

    Positive

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

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

    Pros

    Those that work hard and are willing to learn about their business will find enough projects to prove their worth

    Cons

    Things are still in flux and will take years to settle in to a rhythm.

    Advice to ManagementAdvice

    Focus on the tech - don't stop improving and look to advice from the people that do the day to day work - their insight is invaluable...and generally more accurate.

    Recommends
    Positive Outlook
    Approves of CEO

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