Pros
Alot of smart people you can learn and network from. Good benefits and resources. There are opportunities to move up if you know the right people and establish a good working relationship with your manager. The obvious name brand of Morgan Stanley helps tremendously in terms of jumping into another firm. Morgan Stanley has great facilities in Westchester. The health and fitness center is definitely something all employees should participate in. There are alot of great range of people from young to old so you can establish your own niche in the company. There are alot of events Morgan Stanley throws so make sure you get involved.
Cons
Like any big firm, you feel you are a minor employee. Some brokers and investment managers are big headed. They feel they own Morgan Stanley. Do not be taken back by their stupidity just let them be. Because of the name brand of the company your salary may be lower compared to a boutique company. Bad communication internally often leaves employees questioning about the direction the firm is going into. They emphasize the importance of seniority with the firm which I personally do not think should be weighted as heavily as it is. Smartness and ability to deliver results should be more important than seniority.