Morgan Stanley Smith Barney

  www.morganstanleysmithbarney.com
  www.morganstanleysmithbarney.com
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Morgan Stanley Smith Barney Reviews

Updated September 25, 2014
Updated September 25, 2014
480 Reviews
3.2
480 Reviews
Rating Trends

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Morgan Stanley Smith Barney President Greg Fleming
Greg Fleming
141 Ratings

Review Highlights

Pros
  • Good understanding middle management about work/life balance (in 14 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

Employee Reviews

Sort: Popular Rating Date
  1.  

    VP

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

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

    Pros

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

    Cons

    Long hours, a lot to do

    Advice to ManagementAdvice

    More leadership

    Recommends
    Neutral Outlook
    No opinion of CEO
  2.  

    Great introduction to wealth managemnt

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

    I worked at Morgan Stanley Smith Barney as an intern for 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.

    Recommends
    Neutral Outlook
    No opinion of CEO
  3.  

    The grass is greener...

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

    I have been working at Morgan Stanley Smith Barney full-time for more than 5 years

    Pros

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

    Cons

    little further distance to travel

    Advice to ManagementAdvice

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

    Recommends
    Positive Outlook
    No opinion of CEO
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  5.  

    Politics may limit job mobility for entry-level professionals

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Associate  in  San Diego, CA
    Current Employee - Associate in San Diego, CA

    I have been working at Morgan Stanley Smith Barney part-time for less than a year

    Pros

    Looks great on a resume, learn great skills, being able to work with top clients, good work/life balance, pay is decent. if you absorb all the information and go beyond your job requirements, this can be a real plus to your resume in the long run.

    Cons

    work may sometimes be dull, cold calls, many times it felt like a sales job instead of a finance position. upward mobility is limited as an associate.

    Recommends
    Neutral Outlook
    Disapproves of CEO
  6.  

    Financial Advisor Associate [FAA]

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

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

    Pros

    1) MSSB paid for Series 7 and Series 66
    2) Experience life in Corporate Shark Tank
    3) Access to MSSB analysis
    4) Powerful Name
    5) Good benefits

    Cons

    1) Cut Throat and Back Stabbing Culture
    2) Lack of transparency regarding time table; MGMT reneged on time table
    3) You are on your own. Can not trust MGMT or Senior FAs. Everyman for himself mentality. MGMT says has amnesia about past conversations. Can not trust MGMT
    4) Only way to succeed at the FAA role is having having family money or have extensive list of close friends who are millionaires
    5) Business model is to bring in new FAA, use FAA's contacts to close business, give FAA a small % of commission on his leads, then kick FAA out the door when all contacts on his list have been worked
    6) MSSB provides no leads or old clients to manage
    7) Senior FAs are very predatory and promise the world but will not sign partnering contract before closing FAA's prospects

    Advice to ManagementAdvice

    Business model is outdated and predatory. Give new FAA old small accounts to manage so they can float until business closes.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  7.  

    Would definitely go back to work with the right person!

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Morgan Stanley Smith Barney

    Pros

    Great people to work with (varies from branch to branch) semi-flexible, great benefits and pay.

    Cons

    The commute was strenuous. Some not so nice co-workers.

  8.  

    Good at local levels, gets worse as you go up

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

    I worked at Morgan Stanley Smith Barney as an intern for 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 ManagementAdvice

    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.

    Recommends
    Negative Outlook
    No opinion of CEO
  9.  

    Good experience.

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Morgan Stanley Smith Barney

    Pros

    Great people. It was a good environment for a young adult to be in. Not too stressful, but not too slow.

    Cons

    Have to be a self-starter to learn. Much of the time, I had to learn without being taught how to do things. Not a complaint really, but it might be a con for some.

  10.  

    MSSB - Generally A Good Place

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Manager of Fixed Income Investments  in  Red Bank, NJ
    Former Employee - Manager of Fixed Income Investments in Red Bank, NJ

    I worked at Morgan Stanley Smith Barney full-time for more than 8 years

    Pros

    The people and its products are pretty good and fairly well thought out.

    With its retail arms, it reaches quite a lot of people who might like to invest for higher returns

    It is a big place with a lot of professionals who can cover the markets properly and connect people with investments

    Cons

    It is a big place with a lot of moving parts. The consolidation of Smith Barney to form Morgan Stanley Smith Barney was not easy but it did get done. The was some dislocation in the combination, but that happens when companies expand quickly.

    Advice to ManagementAdvice

    Listen to the good and even excellent ideas of employees

    Reward employees because employee know-how is the company's main asset. This is not a company that manufactures consumer products. The company can only harvest know how about how to manage and invest portfolios on behalf of customers.

    Recommends
    Positive Outlook
    No opinion of CEO
  11.  

    Good company but has become stagnant with pay and employee advancement

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

    I have been working at Morgan Stanley Smith Barney full-time for 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 ManagementAdvice

    Increase salary to market to keep employees

    Recommends
    Neutral Outlook
    Approves of CEO

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