Morgan Stanley Smith Barney

www.morganstanleysmithbarney.com
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Morgan Stanley Smith Barney Reviews

Updated August 19, 2015
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3.4
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Morgan Stanley Smith Barney President Greg Fleming
Greg Fleming
137 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

468 Employee Reviews

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  1. Planning Analyst

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

    I worked at Morgan Stanley Smith Barney full-time

    Pros

    Great culture, great people, and exceptional leadership.

    Cons

    Value designations more than the person.


  2. Fair but limited movement

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

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

    Pros

    The managers are all very nice and would do anything they could to help you out with your day to day work.

    Cons

    Upper management was very distance and there was little to no chance any of your input to help the company would reach them.

    Advice to Management

    Listen to the workers that are doing the value added portion of your product line.


  3. Senior Registered Associate

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Dallas, TX
    Current Employee - Anonymous Employee in Dallas, TX
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    My coworkers are great to work with, encouraging and fun

    Cons

    We are regulary understaffed and overworked. Management knows we need to work overtime to keep up with the workload, but we're told we cannot put it down on our time sheet since they would have to pay us time and a half


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  5. Intern

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    very hands on experience, everyone was very nice and helpful

    Cons

    Everything was very positive in my 3 months as an intern


  6. Good place to work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook

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

    Pros

    Gaining invaluable experience towards future in wealth management.

    Cons

    Not much that I can think of.


  7. 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.


  8. Tough and quickly becoming obsolete industry

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

    Pros

    Freedom in how you spent your time prospecting. Some support from other financial advisors

    Cons

    Financial advising is oversaturated in most cities and is often overpriced while under-performing.


  9. CSA

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Irvine, CA
    Former Employee - Anonymous Employee in Irvine, CA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Easy, mindless work. Never more than 8 hrs a day.

    Cons

    low pay, no advancement. Nothing more than a secretary.


  10. Client Sales Associate

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Morgan Stanley Smith Barney full-time

    Pros

    Solid benefits plan. I can't attest to the culture at every office but the culture at the one I worked it was very laid back and strong.

    Cons

    Like many large companies, it can be difficult to move up the ladder if you are starting at a low level position.


  11. Financial Advisor Trainee Program

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Chicago, IL
    Former Employee - Anonymous Employee in Chicago, IL
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    They pay for all the Licensing fees, Lots of Products, you meet plenty of experienced FAs

    Cons

    Prelicense materials are bad, training Program set you up to fail, churn and burn through the Trainees, Older established FAs don't care about the Trainees, they whole Program does not work.

    Advice to Management

    Scrap the Program and start over. Or a least 6 months of month Zero to learn how to succeed



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