Morgan Stanley Smith Barney

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Morgan Stanley Smith Barney Reviews

Updated February 18, 2015
Updated February 18, 2015
505 Reviews
3.4
505 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Morgan Stanley Smith Barney President Greg Fleming
Greg Fleming
151 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

Employee Reviews

Sort: Popular Rating Date
  1.  

    I had a great experience working with a team of financial advisors during the summer.

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

    I worked at Morgan Stanley Smith Barney as an intern (less than a year)

    Pros

    Great environment. Everyone was very helpful and considerate. I had great exposure to the municipal bond market. I had face to face interaction with clients.

    Cons

    I didn't have a specific role so some of the days there was no work for me and it got kind of boring. The pay was very minimal and just covered my traveling expenses.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Great Brand name, Tough environment

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

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

    Pros

    The company brand is excellent. Everyone knows who you are when you mention Morgan Stanley.

    Deep resources. Experts are available to collaborate on any technical or investing strategy issue

    Cons

    The first few years are challenging. The expectation is that you'll build your book of business quickly and you are on your own to do so. Balancing time spent in client acquisition and time spent on client service can be a challenge.

    Advice to ManagementAdvice

    Team up new advisers with experienced advisers so that they can learn the craft, learn best practices, and succeed more quickly.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  3.  

    Sweet and Sour- Overall good first experience

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

    I have been working at Morgan Stanley Smith Barney

    Pros

    The culture in my team was great. There was a lot of team building activities by my direct VP. Additionally, she showed a lot of interest in my career goals and taken the necessary steps to accomplish them.

    Cons

    Very disorganized. In less than three years I reported to three different managers, three different VP as well as three different ED. The organization does not invest in their employees causing them to leave and you so much money is wasted in granting access and training new members of the team.

    Advice to ManagementAdvice

    Invest in your employers and you will spend less money hiring and training.

    Recommends
    Negative Outlook
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  5.  

    conflicted

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Morgan Stanley Smith Barney

    Pros

    ability to make excellent income

    Cons

    The pressure to make fees and commissions is real. always makes for potential for conflict of interest in doing whats right for the client and putting food on the table and paying the bills. Investments are expensive to the client in regards to fees..

    Advice to ManagementAdvice

    Less pressure on income to the firm

  6.  

    Great experience.

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

    I have been working at Morgan Stanley Smith Barney

    Pros

    Interaction with senior positions, flexibility

    Cons

    No solidified length of internship.

    Recommends
    Neutral Outlook
  7.  

    Intern

    • 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

    Excellent Management that really cares about your growth and personal well being. Doors are always open for questions if asked.

    Cons

    Nothing negative to say about MSSB

    Recommends
    Neutral Outlook
    No opinion of CEO
  8.  

    Wealth Management Internship

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

    I worked at Morgan Stanley Smith Barney

    Pros

    Coming in as a college freshman with absolutely NO background/knowledge of finance, I learned so much over the course of the summer as an intern. Being able to do investment research and actually contribute value to the branch at such a young age was an overall great experience.

    Cons

    Definitely a hard career to break into. Financially, it's tough for the first few years trying to build your book. Not surprised that the failure rate is 95%.

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Great place to work each day

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Financial Sales in Miami, FL
    Former Employee - Financial Sales in Miami, FL

    I worked at Morgan Stanley Smith Barney

    Pros

    Good people nice environment location

    Cons

    Long hours, tough commute and location

    Advice to ManagementAdvice

    keep up the good work

    Recommends
    Positive Outlook
    Approves of CEO
  10. 1 person found this helpful  

    Job Pro's/Con's

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

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

    Pros

    Great brand, resources, scale and products

    Cons

    Compensation not commensurate with performance/responsibilities

  11.  

    It was a fantastic experience. You work along the smartest people in the industry and the learning curve is steep.

    • 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

    Pros

    Right when I walked into the door, people were greeting me instantly. Everyone is truly dedicated to their work and this promotes internal competition to constantly keep you thinking on your feet.

    Cons

    My boss didn't provide the amount of work that I had expected. I felt that I kept asking for more work.

    Recommends
    Positive Outlook
    Approves of CEO

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