Morgan Stanley - great place, but like most big banks, too much politics | Glassdoor
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There are newer employer reviews for Morgan Stanley

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"great place, but like most big banks, too much politics"

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

I have been working at Morgan Stanley full-time (More than 5 years)

Pros

fair comp
largely merit base promotions

Cons

like any bank:
   too many decision driven by politics
   IT not connected to the business unit

Other Employee Reviews for Morgan Stanley

  1. Helpful (5)

    "Dead End"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Operations in Salt Lake City, UT
    Current Employee - Operations in Salt Lake City, UT
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    -Great people
    -Good opportunity to learn/specialize in 1 area. Good for people that are looking to punch in/punch out job
    -Good vacation/sick day allocation
    -Open environment, no micromanagement
    -Flexible schedule
    -Licensing opportunities for FINRA exams
    -Good work/life balance

    Cons

    -Virtually no career path in operations/back office unless you are willing to relocate to NY/NJ.
    -Full of empty titles/promotions with no monetary benefit. "More work, no pay" is pretty much the theme in my office. Entire divisions of the firm haven't seen meaningful raises or bonuses in years. -Several years with 0 raise and 0 bonus with a consistent 'exceeds' rating.
    -Local management struggles to keep people motivated. It's tough when you are constantly getting bad/negative news given from division management.
    -Literally no empowerment given to mid-level management so underperforming employees get away with most anything and rarely are even talked to. On the flip-side, good performing employees receive no/little individual recognition.
    -Bad/Poor morale-it literally feels like they have no vested interest in retaining employees

    Advice to Management

    Empower your employees!!! Help them to succeed! Give raises/bonuses to productive/good employees (outside of sales and home office), learn what a perk is...for instance, a holiday party that employees don't have to pay for and organize themselves! It's not good enough to say, "just be grateful that you have a job".


  2. Helpful (2)

    "You are on your own"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Morgan Stanley full-time

    Pros

    Income is good if you can make your quotas, bonuses also get progressively higher if goals are met. Other incentives include stock bonus (though very minor) with a five year vesting schedule

    Cons

    You are on your own. It is the deep end of the pool for new financial advisors. You get books, time to study, only one chance to pass your series 7, or you are fired asap. All they want you to do is cold call to increase their assets.

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

See Most Recent

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