Morgan Stanley - Quant at Morgan Stanley | Glassdoor
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Helpful (1)

"Quant at Morgan Stanley"

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Quantitative Analyst in New York, NY
Current Employee - Quantitative Analyst in New York, NY
Recommends
Positive Outlook

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

Pros

The people are smart and the work is interesting. Math, finance, and programming are all heavily used. About half of each day is spent writing software, the other half is spent analyzing data and discussing with end users.

The company is very structured and well organized. The work environment is one of dedication, but not fanaticism. Atmosphere is collegial. The pay is typically good, but can be uneven due to the bonus system. The technology varies a lot by division, but much of it is extremely good.

Cons

Some areas of the firm are less well developed than others. IT in particular is a mixture of very good (excellent data centers, some extremely good systems), and very bad (lots of reinventing the wheel, a handful of major initiatives that are guaranteed to fail).

Some areas are still holding onto the impression that the firm is what it was in the 1980s before computers took over finance. This can make for some bad decisions and strange interactions.

Advice to Management

The firm should strive for uniformity, but must do so in a reasonable way. An attempt at "one project to rule them all" will almost always fail. Coherent architectures must be grown organically and expanded upon where they are found to work. Some areas of the firm still have a lot of manual work that serves no apparent purpose, and is even counter productive. Automation of these areas is progressing, but slowly. Accelerating the process should be a major drive.

For instance, some positions are still not modeled, or the traders are allowed to directly provide inputs to the model, and thus effectively manipulate the performance metrics that will be used to determine their year end pay. This is OK for very small positions that are not worth the investment to model properly, but it also happens in some very large books.

For positions of significant size, these manual systems are becoming more rare with time, but they should have been completely absent since at least 2007, for reasons that we all well understand.

Other Employee Reviews for Morgan Stanley

  1. Helpful (1)

    "Mission Impossible (for the vast most)"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor Associate in Richmond, VA
    Former Employee - Financial Advisor Associate in Richmond, VA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Morgan Stanley full-time (Less than a year)

    Pros

    prestige, autonomy, resources, braintrust talent, self-study training materials.

    Cons

    lost-in-the-80's sales culture, care-less regional mgmt., no tolerance for underperformance,

    Advice to Management

    Your business model is to gain the assets of all your FAA's contacts at the expense of the FAA's short tenure with you. Don't you think this reputation already preceed's your recruitment efforts?


  2. "Summer Intern, Okay Experience"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Intern in New York, NY
    Former Intern - Intern in New York, NY
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Morgan Stanley as an intern (Less than a year)

    Pros

    Good introduction to the world of finance if you have little to no experience.

    Cons

    The job depends a lot on who you are assigned to. I had too little work and it was limited to mostly filing or helping the brokers use their computers. Other brokers took a little more time teaching their interns.

    It's luck of the draw for who your are assigned to. When I was there they offered the interns a choice of doing a little bit of everything or specializing in operations or executive. The interns who choose the latter two were miserable and had little to know face to face time with anyone who could advance their career.

    Advice to Management

    Make more of curriculum for the interns, we had too little work to do.


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

See Most Recent

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