Morgan Stanley Smith Barney

www.morganstanleysmithbarney.com
Unclaimed Profile

Morgan Stanley Smith Barney Reviews

Updated August 9, 2015
12 reviews filtered by
  • Purchase, NY
  • Any Job Title
  • Any Status
Employment Status

Reset
2.7
Rating Trends
Recommend to a friend
Approve of CEO
Morgan Stanley Smith Barney President Greg Fleming
Greg Fleming
5 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

12 Employee Reviews

Sort: Popular Rating Date
  1. Helpful (1)

    Happy to work here

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President in Purchase, NY
    Current Employee - Assistant Vice President in Purchase, NY
    Recommends
    Approves of CEO

    Pros

    Management Team is good and pay is fair. I have nothing to complain about.

    Cons

    Technology and systems are lagging behind relative to other firms. Running XP and using Office 2003 are just a couple of examples. The internal website could also use a re-design with a lot of information being hard to find.

    Advice to Management

    The antiquated software is a real hindrance to our productivity. Please increase the speed of deploying the new integrated platform.


  2. An excellent company to work for. Opportunities abound for quality people who know how to get things done.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Executive Director in Purchase, NY
    Current Employee - Executive Director in Purchase, NY
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great people. Excellent Medical/dental etc.

    Cons

    Financial Services Industry is not well received by main street at the moment.


  3. I have spent 10+ years at Morgan Stanley (and I am a woman), climbing the the ladder from an entry level position.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Exeve Director in Purchase, NY
    Current Employee - Exeve Director in Purchase, NY
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    This is a meritocracy where talent and harwork are rewarded. There are scores of mobility opportiunities and career development offerings. Diversity is sinceerely embraced here. Nothing feels forced. I especially appreciate their commitment to women and the developement of their careers.

    Cons

    Compensation is fair, but certainly not on a par with Goldman Sachs. But on the plus side, you may actually have a life while working here.

    Advice to Management

    Keep up the good work.


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


  5. Great FICC capital markets starting ground for first 3-5 yrs. Freedom to advance in sales or trading.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Sales Trader in Purchase, NY
    Former Employee - Sales Trader in Purchase, NY
    Recommends
    No opinion of CEO

    Pros

    Opportunity to take your career in any direction you want within capital markets. There's a seat for every product with real front office responsibility and experience. Great launching pad to land a more specialized role with higher pay once you figure out your career goals. Work life balance and great people to work with Take care of their people with comp and benefits

    Cons

    Retail focus... second in line to institutional business Paid 20% below street (but still paid well) Management turning desk into agency business and a lot of red tape

    Advice to Management

    Be more transparent with employees Better pay based on merit Don't roll over into an agency desk


  6. I spent close to 5 years with MS/MSSB, the Joint Venture ruined it all, it created conflicts...

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Various Roles in Purchase, NY
    Former Employee - Various Roles in Purchase, NY
    Recommends
    No opinion of CEO

    Pros

    Career advancement opportunities, benefits are good, too bad they discontinued the ESPP (again, because of the JV)

    Cons

    Compensation is not as good as other companies on the street


  7. Helpful (2)

    Associate review

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in Purchase, NY
    Current Employee - Associate in Purchase, NY
    Recommends

    Pros

    MSSB is not a very demanding place to work and offers good pay, hours, and relaxed environment relative to industry peers.

    Cons

    MSSB does not offer good opportunities for motivated people to have a challenging experience. There is very little management feedback on performance or job satisfaction.

    Advice to Management

    Stay in touch with your employees. Communicate your strategies and goals for the firm, their individual businesses, and their careers clearly. Offer them attainable benchmarks and reward them when they meet them.


  8. Helpful (1)

    fair

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Purchase, NY
    Former Employee - Anonymous Employee in Purchase, NY
    Doesn't Recommend
    No opinion of CEO

    Pros

    there are good employees to work with

    Cons

    Senior Mangement not genuine. Its about who you know and do they like you.

    Advice to Management

    XX


  9. They're killing themselves

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in Purchase, NY
    Former Employee - Vice President in Purchase, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Morgan Stanley Smith Barney full-time (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 Management

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


  10. No bonus for last 3 years for certain legacy Morgan Stanley employees in Operation

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Operations Analyst in Purchase, NY
    Current Employee - Operations Analyst in Purchase, NY
    Disapproves of CEO

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

    Pros

    Brand Recognition of Morgan Stanley in Investment banking and wealth management.

    Cons

    No upward mobility for operation or support folks from legacy MS side.

    Advice to Management

    Please check the comp structure for Operation and support staffs


  11. Helpful (2)

    The absolute worst, Purchase runs like a warehouse, no leadership, lots of know- it-alls

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President in Purchase, NY
    Current Employee - Assistant Vice President in Purchase, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Morgan Stanley Smith Barney full-time (More than 3 years)

    Pros

    Location and that's about it.

    Cons

    No transparency, HR isn't knowledgeable or strategic thinkers so you're off on bad footing from day 1. Sr mgmt. often micromanages, never any recognition or rewards. Negotiate salary upfront because that's all you're getting. The Purchase building is rundown. Needs a facelift along with archaic technology and programs. Hard to believe this is a financial institution. Operates more like a warehouse. Revolving door of know-it-alls.

    Advice to Management

    Leave and get a new job elsewhere. I hear McDonald's is hiring.



Showing 12 of 524 reviews
Reset Filters
RSS Feed </> Embed

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