Morgan Stanley Smith Barney

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

Updated September 13, 2014
Updated September 13, 2014
476 Reviews
3.2
476 Reviews
Rating Trends

Recommend to a friend
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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

Employee Reviews

Sort: Popular Rating Date
  1.  

    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
  2.  

    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
  3.  

    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.

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  5.  

    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
  6.  

    Work at MS

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

    I worked at Morgan Stanley Smith Barney

    Pros

    Challenging, growth opportunities, good work life balance

    Cons

    Pay, too much organization structure

    Recommends
    Approves of CEO
  7.  

    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
  8.  

    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.

  9.  

    Young culture

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

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

    Pros

    MSSB has young and vibrant work culture. people embrace new thoughts and are open minded. Great place to join no matter if you are intern or MD.

    Cons

    Not a product company hence projects move with their own pace!

    Advice to ManagementAdvice

    Invest in more trainings.

    Recommends
    Positive Outlook
    No opinion of CEO
  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.  

    Impressive bank, unimpressive industry.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Registered Client Service Associate
    Former Employee - Registered Client Service Associate

    I worked at Morgan Stanley Smith Barney full-time

    Pros

    Morgan, Merrill and Goldman are definitely the top investment banks in the world today.

    Cons

    It's a very unethical industry. You're often asked to do things you question morally, and risk employment termination if you don't comply.

    Advice to ManagementAdvice

    Stop breaking the law. If you're settling an investigation for billions of dollars (in any situation), it's because you acted incorrectly. An organization shouldn't act immorally or unethically for profit.

    Doesn't Recommend
    No opinion of CEO

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