Morgan Stanley Smith Barney

  www.morganstanleysmithbarney.com
  www.morganstanleysmithbarney.com
Work in HR? Unlock Free Profile

Morgan Stanley Smith Barney Reviews

Updated September 23, 2014
Updated September 23, 2014
477 Reviews
3.2
477 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
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.  

    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
  2.  

    Good experience overall.

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

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

    Pros

    Work life balance and co-workers were huge advantage. In the role that I had I was able to have a lot of autonomy and work with many departments across the company. The people throughout the U.S. that I worked with made the day to day work week great.

    Cons

    There was unfortunately very little opportunity for growth during the time I worked at this company. No good opportunities for career development. Many people were being let go and moral was down. I was lucky enough to ,keep my role but didn't see the ability to move up so moved out instead.

    Positive Outlook
    No opinion of CEO
  3.  

    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 for 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
  4. We want your feedback – Are these company reviews helpful to you?  Yes | No
  5.  

    Operations Analyst, Consultant

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Operations Analyst  in  Jersey City, NJ
    Former Employee - Operations Analyst in Jersey City, NJ

    I worked at Morgan Stanley Smith Barney as a contractor for less than a year

    Pros

    I enjoyed my time working at Morgan Stanley. I did not receive a thorough training, but had a great supervisor to work with. I had a decent salary as well.

    Cons

    Did not necessarily enjoy my job tasks.

    Recommends
    Neutral Outlook
    No opinion of CEO
  6.  

    They'll pay to train you

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

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

    Pros

    They pay for your license expenses and give you a lot of time to study. Wholesales bring free food all the time to pitch you products. Lots of independence and max income potential.

    Cons

    No support and help with finding target markets. Older advisors won't even really talk to you the first few months because they're pretty sure you won't make it. Revenue based model causes conflict of interest. No help building book.

    Advice to ManagementAdvice

    Actually learn how to train and support people. Working hard is not all it takes, you need help learning effective strategies to market.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  7.  

    Company does not have a clear vision for their international wealth management business

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

    I worked at Morgan Stanley Smith Barney full-time for more than 3 years

    Pros

    Brand name, Smart people, pay

    Cons

    Impersonal, unclear vision for the international wealth management business

    Advice to ManagementAdvice

    Define international wealth management strategy

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8.  

    A Great Name but Horrible Experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    Former Employee - Morgan Stanley Financial Advisor  in  Pittsburgh, PA
    Former Employee - Morgan Stanley Financial Advisor in Pittsburgh, PA

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

    Pros

    The depth of this companies resources are incredible. Their research abilities are fantastic, their is almost no information you can't have brought to bear about a company, product or individual.

    Cons

    Their retail experience from an employees perspective is abysmal.

    I witnessed nearly 50 people wash out of their Financial Advisor program within 2 years of initial hire, a 95% failure rate. Branch management runs the operation like a boiler room operation as opposed to motivating highly intelligent, qualified and capable professionals to be their best.

    Performance metrics are still measured by 1970's and 80's criteria of call volume as opposed to quality of lead, contact or filtered sales prospects.

    Advice to ManagementAdvice

    After 10 years of Do Not Call list legal implementation and the public rejecting cold calls as a sales tactic it's time to move out of the mindset of sales that hasn't worked since bell bottoms, disco, land yachts and 8 track tapes.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  9.  

    Good full ll service broker dealer to work for.

    • 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

    Dependable investment research.
    Compensation and benefits are very fair.

    Cons

    Seems like management cares more about the bottom line than the employees.

    Advice to ManagementAdvice

    Listen to employees questions and comments.

  10.  

    It was fine - good place to start

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Registered Sales Assistant  in  Boston, MA
    Current Employee - Registered Sales Assistant in Boston, MA

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

    Pros

    You see exactly what the brokerage business is all about and if you want to do it you know what you are getting into. You can learn a lot based on who you work for.

    Cons

    Advancement is tough when you start on the low end of the ladder. Hard to make it to another level unless a broker likes you. Even then still tough. Also if there is ever a problem and depending on who you work for I have seen SA be blamed for things they had no hand in. Easier for the low moral broker to blame someone else than eat their mistake. If something looks bad take notes and protect yourself - just in case you get pushed under the bus.

    Advice to ManagementAdvice

    Some of the sales assistants are pretty talented but end up leaving because there is no real chance to advance. Not all want to be brokers but rather find other divisions to be apart of but they are not often considered.

    No opinion of CEO
  11.  

    Great experience and had a very productive internship while at Smith Barney.

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

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

    Pros

    Good networking opportunity, office culture, great way to learn the business

    Cons

    compensation as an intern is slim to none, could be different now that it's been more than a few years since I interned there.

    Recommends
    Positive Outlook
    Approves of CEO

Worked for Morgan Stanley Smith Barney? Contribute to the Community!

Your response will be removed from the review – this cannot be undone.