Morgan Stanley Assistant Vice President Reviews | Glassdoor

Morgan Stanley Assistant Vice President Reviews

19 reviews

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Assistant Vice President

3.9
Star Star Star Star Star
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Morgan Stanley CEO James P. Gorman
James P. Gorman
2 Ratings

Employee Reviews

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Pros
  • Work-life balance is the best out of any job I have seen (in 289 reviews)

  • Challenging work environment that keeps you on your toes (in 253 reviews)

Cons
  • The work-life balance is similar to that of other banks (in 276 reviews)

  • Long hours to establish business; longer time to establish clientele would be helpful (in 322 reviews)

More Pros and Cons

  1. "Assistant Vice President"

    Star Star Star Star Star
    Current Employee - Assistant Vice President in New York, NY
    Current Employee - Assistant Vice President in New York, NY

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

    Pros

    Endless exposure to different types of investments, ability to learn a lot

    Cons

    There are a lot of stagnant people that make completing jobs difficult


  2. "Business Service Manager"

    Star Star Star Star Star
    Current Employee - Business Service Manager - Assistant Vice President in Bedford, NH
    Current Employee - Business Service Manager - Assistant Vice President in Bedford, NH

    I have been working at Morgan Stanley (More than a year)

    Pros

    Good culture and great colleagues

    Cons

    not much potential for career growth outside of headquarters


  3. Helpful (1)

    "Great firm"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant Vice President - Senior Java Engineer - Lead in New York, NY
    Former Employee - Assistant Vice President - Senior Java Engineer - Lead in New York, NY
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Great peers, atmosphere was competitive yet allowed one to excel & always learn new things, being challenged.

    Cons

    Changes in corp reorg & constant shifts in Management oversite made it hard to deliver on time.

    Advice to Management

    Get off IT case & allow us to innovate together !


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  5. Helpful (2)

    "Strong Leadership, Great Benefits"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant Vice President in New York, NY
    Former Employee - Assistant Vice President in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Well-respected name, strong leadership that (typically) is clear about the direction that the firm wants to go. Pay is on par probably with other banks - I've heard GS is a bit higher. Benefits are good, HR is responsive, and there are opportunities to be active outside of the office with volunteering etc.

    Cons

    Very political landscape and the promotion process is based purely on circumstance, not hard work. By circumstance I mean who your manager is, how many other people are in your group at each level, etc. etc. Also in a company that large you do find a lot of people "coasting". Pay definitely levels off after a few years.

    Advice to Management

    Focus on what it takes to KEEP an employee (appreciation through opportunities, promos, $, etc). Continue to be clear on the direction and priorities of the firm.


  6. "AVP"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant Vice President in New York, NY
    Former Employee - Assistant Vice President in New York, NY
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    Pros

    resources, location, medical, dental, mobility, responsibility

    Cons

    culture, training, manager hiring, talent development, compensation, bureaucratic, work/life balance

    Advice to Management

    get a clue


  7. Helpful (1)

    "Assistant Vice President"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President
    Current Employee - Assistant Vice President
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Some managers are very smart. There is a lot of room to grow and take on additional responsibility if you are willing to put in the work.

    Cons

    Sometimes there is a lack on focus on achieving long-term goals. It seems like we are constantly moving from one initiative to another. There is a lot of nepotism across the organization. Pay can always be higher.

    Advice to Management

    Pay attention to the small fish more. There are problems with retaining top talent because pay is not competative, especially on the Wealth Management side.


  8. "Best to be one of the "stars""

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

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

    Pros

    Good insurance plan. Great employee discount plans.

    Cons

    If you're not one of the stars, you get the crumbs.

    Advice to Management

    Treat all employees the same way.


  9. Helpful (1)

    "Senior management is great at patting themselves on the back."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President in Purchase, NY
    Current Employee - Assistant Vice President in Purchase, NY
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Free coffee. Motivational posters in the elevators speaking about how great the company is doing.

    Cons

    No raises or bonuses in the three years I have been there, despite having the highest possible performance reviews.

    The CEO is an arrogant man full of himself. The level of disregard he shows to the employees is astounding but is rewarded by the board.

    Any kind of promotion within the firm is by title only. HR refuses to bump up salaries equal to the new title.

    Only way to get head from a salary stand point is to leave for another role.

    Advice to Management

    Pay your employees fairly. Cost of living has gone up, but pay has been stagnant for years. If you are raking in millions in bonuses, there needs to be some level of fair incremental raise for the rank and file employees as well.


  10. Helpful (2)

    "The absolute worst, Purchase runs like a warehouse, no leadership, lots of know- it-alls"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President in Purchase, NY
    Current Employee - Assistant Vice President in Purchase, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Location and that's about it.

    Cons

    No transparency, HR isn't knowledgeable or strategic thinkers so you're off on bad footing from day 1. Sr mgmt. often micromanages, never any recognition or rewards. Negotiate salary upfront because that's all you're getting. The Purchase building is rundown. Needs a facelift along with archaic technology and programs. Hard to believe this is a financial institution. Operates more like a warehouse. Revolving door of know-it-alls.

    Advice to Management

    Leave and get a new job elsewhere. I hear McDonald's is hiring.


  11. Helpful (1)

    "Not what it used to be"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President in New York, NY
    Current Employee - Assistant Vice President in New York, NY
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Really smart people, management is flexible, nice benefits, still a good brand

    Cons

    Compensation, compensation, compensation - on the low end of the scale. Morale in many departments is at an all time low. No clear vision on what the company will be.

    Advice to Management

    Re-calibrate pay scales to align with industry standards.