Morgan Keegan Reviews | Glassdoor

Morgan Keegan Reviews

Updated August 29, 2017
56 reviews

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56 Employee Reviews

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Pros
  • Fantastic work environment, good experience in the field, and a BIG plus on anyone's resume (in 9 reviews)

  • If you have a book of clients it's a great place to run your business (in 3 reviews)

Cons
  • they were merged with Raymond James (who doesn't offer the same culture and/or policies) (in 5 reviews)

More Pros and Cons

  1. "An enlightening experience with great people."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Fantastic work environment, good experience in the field, and a BIG plus on anyone's resume. Would definitely recommend this business to others.

    Cons

    I don't have a single con with this company. I had a great experience with them and I hope to do business with them in the future.


  2. "Well paid associate position to compensate for lack of work life balance"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Equity Research Associate in New York, NY
    Former Employee - Equity Research Associate in New York, NY
    Doesn't Recommend
    No opinion of CEO

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

    Pros

    Great pay vs. peers. Base in the six figures, though benefits were basic.

    Cons

    Worked every day. Channel check reports on Saturdays and Barron's summaries on Sundays.

  3. "Great company to work for!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate Equity Analyst in Memphis, TN
    Current Employee - Associate Equity Analyst in Memphis, TN
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Great team and people. Felt I could speak to any member of the executive team.

    Cons

    Honestly, nothing that isn't different than any other company - could not think of one thing specifically.


  4. "A google search of Morgan Keegan and Fraud will tell you everything you need to know"

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

    I worked at Morgan Keegan full-time (More than 5 years)

    Pros

    Really nice family of people, lots of group get togethers and team building. Plenty of smart hard working people. Excellent equity research and fixed income trading as these two areas reward results rather than family/college ties.

    Cons

    The culture rewards thinking inside the box and easy profits at the expense of mom and pop savers. Lots of dead weight in management with frat brothers and cousins of big time salesmen getting to coast. In a meeting the CEO said that Nepotism is a policy.

    Less than half the profit margin of the average publicly traded brokerage

    Advice to Management

    Sell the company to a publicly traded brokerage who promises to not change your good ole boy culture then over the course of 3-4 years turns you into a profitable company. Get rid of managers and compliance offers who are active sales people. This is a conflict of interest.


  5. Helpful (1)

    "Love working here. Raymond James ruining the culture."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in Memphis, TN
    Current Employee - Vice President in Memphis, TN
    Recommends
    No opinion of CEO

    Pros

    Great downtown location. Wonderful people. Caring management.

    Cons

    Raymond James now owns us. I understand companies get bought and sold and dismantled in the process. RJF obviously has no idea how to handle such a large acquisition and are blindly feeling their way around while providing no employees, MK or RJ, any type of end goal. Lots of comments like "might have a job for you in year", etc.


  6. "Great Firm"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Houston, TX
    Current Employee - Financial Advisor in Houston, TX
    Recommends
    Approves of CEO

    Pros

    Good resources, name, and opportunities.

    Cons

    Success depends highly on the office you work in.

    Advice to Management

    Don't allow so much abuse of individuals.


  7. "Laid back environment working alone on most projects."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Programmer in Memphis, TN
    Current Employee - Programmer in Memphis, TN
    Recommends
    Approves of CEO

    Pros

    They have a good pay and the IT dept is relaxed and you can usually do your own thing.

    Cons

    Project management is a joke as usual in most companies. They mainly
    Adage meetings with each other.

    Advice to Management

    Get rid of Project management who seem to just takes notes of what already happened and no actual project management.

  8. "Great place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - IT Developer in Memphis, TN
    Current Employee - IT Developer in Memphis, TN
    Recommends
    Approves of CEO

    Pros

    Great work life balance
    Plenty of advancement opportunities
    Excellent pay

    Cons

    OK benefits
    Paying for Parking? (it's downtown)

    Advice to Management

    Better benefits would be appreciated, but that will be up to Raymond James. Communication about the sale was well done.


  9. "Great work environment but opportunities for growth need improvement"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Web Applications Developer in Memphis, TN
    Current Employee - Web Applications Developer in Memphis, TN
    No opinion of CEO

    Pros

    *Flexible work schedule
    *Easy-going work environment
    *Management is understanding when you need time off
    *You're allowed to solve problems the best way you see fit

    Cons

    *There's very little opportunity for growth unless you know the right people
    *The company is willing to pay a fair-market salary to those they're hiring outside the firm, but they're not willing to bump salaries to fair-market value for those within the firm. The adage "you've gotta move out to move up" holds true here.

    Advice to Management

    Do a better job of evaluating the specific abilities and talents of the individuals within the company, and give everybody a fair shot. Define clear objectives on how growth within the company can be achieved.


  10. "Was a great place to work at one time..."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Memphis, TN
    Former Employee - Anonymous Employee in Memphis, TN
    Approves of CEO

    Pros

    Pay is better than most corporate jobs in Memphis. There is a very friendly, family atmosphere at the company and general sense of camaraderie among employees. Most managers are very understanding regarding time-off and family emergencies.

    Cons

    Better pay comes at a heavy price...There are very few opportunities for professional development and career advancement if you are not a financial adviser. Those in administrative positions are often treated like dogs by advisers and management. Current leadership is woefully indecisive and behind the times. Direction of projects is either non-existent or changes at the whim of who has the most clout at the time. There is a general lack of direction and leadership from the top to the bottom of this company.

    Advice to Management

    Please hire or promote clear-thinking division heads who understand the business AND the day to day operational challenges that the firm faces. The details of issues are often as important as the direction you wish to move.


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