Morgan Stanley Smith Barney

  www.morganstanleysmithbarney.com
  www.morganstanleysmithbarney.com

Morgan Stanley Smith Barney Reviews in Purchase, NY

Updated August 3, 2014
Updated August 3, 2014
495 Reviews
3.3
495 Reviews
Rating Trends

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Morgan Stanley Smith Barney President Greg Fleming
Greg Fleming
146 Ratings

Review Highlights

Pros
  • Good understanding middle management about work/life balance (in 15 reviews)

  • Good benefits/PTO, fast-paced learning environment, great advisors (in 22 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

11 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

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

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

    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 ManagementAdvice

    Please check the comp structure for Operation and support staffs

    Disapproves of CEO
  2.  

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Exeve Director in Purchase, NY
    Current Employee - Exeve Director in Purchase, NY

    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 ManagementAdvice

    Keep up the good work.

    Recommends
    Positive Outlook
    Approves of CEO
  3. 1 person found this helpful  

    Senior management is great at patting themselves on the back.

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

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

    Pros

    Free coffee. Motivational posters in the elevators speaking about how great the company is doing.

    Cons

    No raises or bonuses in the three years I have been there, despite having the highest possible performance reviews.

    The CEO is an arrogant man full of himself. The level of disregard he shows to the employees is astounding but is rewarded by the board.

    Any kind of promotion within the firm is by title only. HR refuses to bump up salaries equal to the new title.

    Only way to get head from a salary stand point is to leave for another role.

    Advice to ManagementAdvice

    Pay your employees fairly. Cost of living has gone up, but pay has been stagnant for years. If you are raking in millions in bonuses, there needs to be some level of fair incremental raise for the rank and file employees as well.

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

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

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

    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 ManagementAdvice

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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6.  

    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 (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
  7.  

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

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

    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.

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Various Roles in Purchase, NY
    Former Employee - Various Roles in Purchase, NY

    I worked at Morgan Stanley Smith Barney

    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

    Recommends
    No opinion of CEO
  9.  

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Sales Trader in Purchase, NY
    Former Employee - Sales Trader in Purchase, NY

    I worked at Morgan Stanley Smith Barney

    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 ManagementAdvice

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

    Recommends
    No opinion of CEO
  10. 1 person found this helpful  

    fair

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee in Purchase, NY
    Former Employee - Anonymous Employee in Purchase, NY

    I worked at Morgan Stanley Smith Barney

    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 ManagementAdvice

    XX

    Doesn't Recommend
    No opinion of CEO
  11. 1 person found this helpful  

    Happy to work here

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

    I have been working at Morgan Stanley Smith Barney

    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 ManagementAdvice

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

    Recommends
    Approves of CEO

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