Morgan Stanley Reviews in New York City, NY | Glassdoor

Morgan Stanley New York City Reviews

Updated April 19, 2017
146 reviews

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New York City, NY Area

2.0
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Morgan Stanley CEO James P. Gorman
James P. Gorman
52 Ratings

146 Employee Reviews

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Pros
  • Work-life balance is the best out of any job I have seen (in 299 reviews)

  • Great work environment and people (in 265 reviews)

Cons
  • The work-life balance is similar to that of other banks (in 285 reviews)

  • Long hours to establish business; longer time to establish clientele would be helpful (in 331 reviews)

More Pros and Cons

  1. "Poor Middle Management"

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

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

    Pros

    Onsite gym and cafeteria. Generally talented younger staff.

    Cons

    Extremely poor raises for those that hang around a few years early in their careers (those that leave after 2-3 years made the best decision)

    Advice to Management

    Teach those in manager roles how to actually manage. Their typically people that are very good at their jobs, but doesn't mean they know how to handle having a team under them.


  2. "Highly regulated project down the drain due to lack of leadership"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Senior Software Developer in New York, NY
    Former Contractor - Senior Software Developer in New York, NY
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Morgan Stanley as a contractor (More than a year)

    Pros

    They invested a fortune in generic facilities available across departments, including automating service requests

    Cons

    There is no way to get help from a human being when you're stuck; you need to be developer, SA, DBA, HR, and a few other roles to get *anything* done/allocated/built. Managers don't enforce their own rules and let junior developers run amok, leading to constant rewriting/refactoring code that doesn't support requirements.

    Advice to Management

    Enforce the project rules that YOU created in the first place.


  3. "Unorganized"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Consultant in New York, NY
    Current Contractor - Consultant in New York, NY
    Doesn't Recommend

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

    Pros

    You won't be bored, there's always something to do.

    Cons

    I've had 3 managers in 1.5 years...even the full time employees can't take it in Wealth Management Tech.

    Advice to Management

    Enough with the outsourcing.


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  5. Helpful (2)

    "Investment Banking Analyst"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investment Banking Analyst in New York, NY
    Current Employee - Investment Banking Analyst in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Prestige, smart analysts, exit opportunities, free dinner (because you work all night), taxi rides home after 10pm

    Cons

    No work-life balance, long hours, grunt work, poor culture, firm doesn't care about its people

    Advice to Management

    Focus on making employees happy and more flexibility


  6. "Morgan diverged from Stanley"

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

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

    Pros

    CEO is visionary.
    Business is well connected with Policy makers so can survive any recession.
    Business can pretty much manage without IT.
    Very good in managing PR and branding.
    Excellent place to learn corporate politics.

    Cons

    There are 2 organization inside Morgan & Stanley both terrible however one is worse than other. Your experience depends on which part you belong. IT is more like a toilet in a mansion. There is profiling everywhere & no place to dissent. Management culture like my way or highway no discussion on critical issues. High velocity ZERO displacement workplace. Open culture is hollow & only exists on paper. Titles are just eyewash don't count on it it means NOTHING of course it comes for free from management point of view. Thousands and thousands of Executive/Managing Directors are there to just say YES BOSS with no voice of their own. Internal culture is SICK. Your have been warned join at your own risk.

    Advice to Management

    Fire the entire mid level management in IT. They have nothing to deliver. Learn quickly and move fast before things become unsalvageable.


  7. Helpful (1)

    "Felt like a sinking ship. Glad to move on."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President IT in New York, NY
    Former Employee - Vice President IT in New York, NY
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    I was given tremendous flexibility and autonomy with my work - self directed and self guided. Over the course of my 10+ years I had several managers who simply checked once or twice a year on the value I was providing. All they cared was that they received positive reports on my work efforts. Compensation prior to 2008 was good.

    Cons

    Low morale. Hard work and valuable contribution not rewarded. There is a revolving door with workforce. There have been years of large waves of layoffs in NYC. I had 4 managers in my last 11 months; two were part of RIFs and the other two did not have an understanding of the products and processes I supported.


  8. Helpful (1)

    "Entry Level"

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

    Pros

    They have good health insurance for you and your family

    Cons

    1. very hard to get an interview in another business unit when you do the job in another business unit.
    2. no growth
    3. need to know someone to get ahead
    4. hard work doesn't pay off

    Advice to Management

    Create a place where we can grow - just because we are good at our jobs doesn't mean you need to keep you us in that job,


  9. "Now a days people know the price of everything and the value of nothing"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Anonymous Contractor in New York, NY
    Current Contractor - Anonymous Contractor in New York, NY
    Doesn't Recommend
    Negative Outlook

    I have been working at Morgan Stanley as a contractor (More than 10 years)

    Pros

    Mid-town location. Being outsourced makes it less likely to be laid off. Paid holidays and vacation days. Relied upon to be able to work on my own. Cafeteria in building

    Cons

    In an outsourced position there is no chance of getting a promotion and little chance to receive a wage increase. There's no chance to take advantage of internal transfers or referrals. You are considered an outsider, so socializing is rare and not welcomed generally.

    Advice to Management

    The system the firm has in place for promotion as created a culture to only do what is necessary to get the next promotion. It does not address accountability, which can leave daily business bottle necked.


  10. Helpful (2)

    "Analyst"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Doesn't Recommend

    I worked at Morgan Stanley full-time

    Pros

    views around work/ places to eat around work

    Cons

    Management can come and go whenever they please but employees can not. It is an inconvenience for employees to schedule and attend doctor appointments. Lack of communication between managers and employees. Must take vacation days for things like husband getting surgery, daughter has a doctor appointment which all fall under sick time. Attitudes are awful


  11. Helpful (1)

    "Ok place to work - pay under the market"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Human Resources Manager in New York, NY
    Current Employee - Human Resources Manager in New York, NY
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    Pros

    Good cafeteria, nice offices, Gym is great.

    Cons

    Boys club mentality in some areas of leadership. Pay under the market. Lower bonuses, promotions yearly, however based on years of service with MS rather than performance.


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