Morgan Stanley - If you want to jump into fire, then work here.... | Glassdoor
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Helpful (3)

"If you want to jump into fire, then work here...."

StarStarStarStarStar
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Financial Advisor Associate in Chicago, IL
Former Employee - Financial Advisor Associate in Chicago, IL
Doesn't Recommend
No opinion of CEO

Pros

Nice People
Brand Recognition
You are not micromanaged, management is hands off as long as you reach your numbers

Cons

It's all a numbers game, with the employees as well as prospective clients. In regards to employees, instead of focusing on quality, management hires Financial Advisor Associates (those entering the firm without an existing book) in high numbers and then weeds out nearly all -- including the most talented. Very high risk job regardless of the strength of your background. Promises of upside compensation are not realistic for 5 - 7 years in the business. Expect to make next to nothing after your 18 months of salary is up (Literally $30K - $50K).

Stress level associated with the job is incredibly high regardless of who you are, my entire class felt this way. Extremely high turnover. A lot is luck, I literally saw one person stay on when he didn't make his numbers for an entire year and then another person lost his job in the first 3 months and he had just barely missed his numbers (it's all based on the company's timing, you never know when they are going to do mass cuts).

Advice to Management

Focus on hiring qualified candidates and give them more support, you have to be losing a fortune with your current model of burn and turn, but you do keep the spoils of accounts from those you fire. You're diluting your brand through telemarketing and dinner seminars.

Other Employee Reviews for Morgan Stanley

  1. "It has been an amazing place to work. I have learned a lot."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Recommends

    Pros

    Great, great leadership. There is recognition of talent and promotion within. Nice culture, nice co-workers.

    Cons

    There has been a tremendous amount of turnover. I am in a completely different job than the one I applied for. Not happy about that.

    Advice to Management

    Stay the course and IM will be a power house.


  2. "great name but very political"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate in New York, NY
    Former Employee - Associate in New York, NY
    Disapproves of CEO

    Pros

    brand name (though fallen off), premier work / deals, global reach

    Cons

    very political, especially in investment banking. backstabbing and no work/life balance. you have to fit a certain look / mold

    Advice to Management

    not a big risk taking firm and greater personal accountability. Not the most forward thinking firm, as always lagging behind rivals.

There are newer employer reviews for Morgan Stanley
There are newer employer reviews for Morgan Stanley

See Most Recent

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