Morgan Stanley - Horrible place to be a junior banker | Glassdoor
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Helpful (3)

"Horrible place to be a junior banker"

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Investment Banking Analyst in Los Angeles, CA
Former Employee - Investment Banking Analyst in Los Angeles, CA
Doesn't Recommend
Negative Outlook
No opinion of CEO

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

Pros

Standard investment banking training makes you really good at finance and accounting
Morgan Stanley's name always got the attention of anyone who looked at my resume
Superficial attempts at making the culture better

Cons

Where to begin...

Awful culture. Described on Wallstreetoasis as "dog-eat-dog snake pit" - very accurate description from my experience as well.
No sense of camaraderie, analysts treated like sweatshop workers (senior bankers recruit by picking those who they think can churn out the most work, no regard for cultural fit)
Extremely judgmental and high pressure / stress-inducing culture from senior bankers
No one cares about your development or exit opportunities, they just want their work done
Split into Corp Finance and M&A group; unfair to Corp Finance analysts who don't get as much technical exposure or any deals on their resumes
Don't expect to be able to recruit outside of California

Four analysts quit within a 6 month period of working there (out of 10 analysts)

Advice to Management

Don't be so judgmental, and don't be terrible to work with if you don't have to be

Other Employee Reviews for Morgan Stanley

  1. "Great People, Great Company"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Morgan Stanley Financial Advisor in West Palm Beach, FL
    Former Employee - Morgan Stanley Financial Advisor in West Palm Beach, FL
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Opportunity to make a career

    Cons

    Not enough support to create new opportunities

    Advice to Management

    Create a mandatory mentoring program that allows trainees to direct access to veterans, while incentivizing the veterans to help or guide the new trainees to create new business opportunities.


  2. Helpful (1)

    "Typical Wirehouse environment"

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

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

    Pros

    Gives you the illusion you are a valued employee with countless options to become successful, but....

    Cons

    ....not as exactly as advertised. I was lucky, one of the lucky few that realized that once you have the tools to become a successful Financial Advisor you leave quickly when your guaranteed salary expires, to earn a living wage outside as an independent advisor to get away from the elephant in the room, the grid payout. There are no tools or support (especially support from corporate to market for clients) that will make you successful. If you are a Tier 1, other successful Advisors or groups will try to "team" with you to help you build. Or they are actually doing is try to lock up your AUM if you fail or leave, so other advisors don't get access to your book. You also can become a slave to their practice doing all the menial work keeping you from the prospecting you need to do to survive. Hiring you is just a scam for you to bring another 5-10 million of new assets into Morgan Stanley until you fail.

    Advice to Management

    Actually teach the tools needed to become successful instead of training on high capture proprietary products most clients shouldn't really have.

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

See Most Recent

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