Morgan Stanley - Great culture but doesn't pay enough | Glassdoor

Employee Review

Employee Review

"Great culture but doesn't pay enough"

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Associate in New York, NY
Current Employee - Associate in New York, NY
Recommends
Positive Outlook
Approves of CEO

I have been working at Morgan Stanley full-time (More than 3 years)

Pros

- Great culture and the people they hire are extremely hard working, intelligent and easy to work with
- Promotes mobility
- Training courses are available everywhere
- Encourages meeting others from different departments

Cons

- For the amount of hours and stress we put in/receive, they do not pay their employees well
- Training courses are available but there's no time to delve into a course you're into

Advice to Management

Stop moving key jobs over to other remote locations

Other Employee Reviews

Other Employee Reviews

  1. "Fast paced with opportunity to advance"

    StarStarStarStarStar
    Former Contractor - Anonymous Contractor
    Former Contractor - Anonymous Contractor

    I worked at Morgan Stanley as a contractor

    Pros

    The pay was good and there is opportunity for advancement.

    Cons

    The pace is very fast and the hours are very early.


  2. Helpful (1)

    "Registered Client Service Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Registered Client Service Associate in Seattle, WA
    Current Employee - Registered Client Service Associate in Seattle, WA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Morgan Stanley full-time (More than 10 years)

    Pros

    Decent benefits - 401k match (4%), medical/dental, great vision plan, 9 sick days, 3 weeks vacation after 3 years, 16 weeks maternity leave, supportive of working mothers (at least in my branch), backup daycare for working parents (I love this benefit!). The wealth management side of the business is in a much better place now than than it was 10 years ago. Technology is always improving (mobile app, docuSign for new account/money movement forms, eAuthorization for wire transfers , etc.) and the firm has the resources to develop more efficient processes. I’m very proud to work here and have no desire to work at another financial services firm.

    Cons

    -Can feel very bureaucratic due to the size of the firm and sometimes you feel like there are so many obstacles in the way of achieving your goal.
    -CSA comp depends on the generosity of your FA/team. Some make base salary and others make well over 6 figures.

    Advice to Management

    None at the moment. Keep up the good work!

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