Morgan Stanley Reviews in New York City, NY | Glassdoor

Morgan Stanley New York City Reviews

Updated July 21, 2017
1,369 reviews

Filter

Filter

New York City, NY Area

3.6
StarStarStarStarStar
Rating TrendsRating Trends
Recommend to a friend
Approve of CEO
Morgan Stanley CEO James P. Gorman
James P. Gorman
593 Ratings

1,369 Employee Reviews

Sort: PopularRatingDate

Pros
Cons
  • There is a tough work life balance (in 296 reviews)

  • Long hours to establish business; longer time to establish clientele would be helpful (in 337 reviews)

More Pros and Cons

  1. Helpful (7)

    "Run Like Hell!"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate in New York, NY
    Former Employee - Associate in New York, NY
    Doesn't Recommend
    Disapproves of CEO

    Pros

    It was a paycheck. Period.

    Cons

    The corporate culture is abominal. MS is the most anti meritocratic house on the Street. If you are in a non revenue cost center, God help you; you're percieved as nothing more that overhead. Management works 24 X 7 to offshore and outsource. Career development and training are non existent. If you don't have a "rabbi", you might as well get your resume on monster.com as your days are numbered.

    Advice to Management

    Management there is tonedeaf so any advice or feedback tendered would be a waste of bandwidth.


  2. Helpful (6)

    "Think Twice"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in New York, NY
    Current Employee - Analyst in New York, NY
    Doesn't Recommend
    Disapproves of CEO

    Pros

    The company name garnishes respect from others.

    Cons

    You are sucked dry until you have nothing of yourself left. They take the best years of a person and then throw them away for someone who is younger and fresh. It is not what you know, it is how well you kiss up. It is a peyton place, a company that has no soul. They expect you to be married to the company. Management will promise something and not follow through.

    Advice to Management

    Make promises that you intend to keep. People deserve a quality of life. No one deserves to have to stay 24 X 7 just to keep the company afloat. The people who work for you have families, and are entitled to be able to spend time with them. Keep the people who work for you happy, then you would get better productivity.

  3. Helpful (2)

    "Might one day day be good again - Not now!"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in New York, NY
    Former Employee - Vice President in New York, NY
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Generally has a good reputation in the industry. Compensation levels are comparable to other companies.

    Cons

    Poor leadership and higly stratified environment. A great deal of emphasis placed on title and level. Big differences in what you will experience depending on who your management team is. Very insular and clicky - reminded me of high school.
    You will go through a very long hiring process. Approximately 5 to 10 rounds of interviews depending on group and level. Very hard to get hired from outside above the vice president level.

    There are many different of work life balance programs available, however, they are more likely to be supportive of women wanting modified work arrangements then men.

    In genereal you MUST be very good at navigating internal politics to survive and especially advance.

    Advice to Management

    Give your emplyoees the tools necessary to do the job. Improve your long and mid term planning. Be upfront and forthright with employees.


  4. Helpful (3)

    "Morgan Stanley is a dead end"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Director in New York, NY
    Former Employee - Director in New York, NY
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Salary and benefits, perceived prestige.

    Cons

    As others have said, if you're not in a revenue-generating department you will be treated as a, well, commodity, and not a highly valued one.

    Advice to Management

    Read the so-called Morgan Stanley Values.


  5. Helpful (1)

    "Refocus on traditional values and business."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Executive Director in New York, NY
    Former Employee - Executive Director in New York, NY
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Money, money, money, money, prestige - but very little of it is left ...

    Cons

    Depends where you work. Some areas are quite good - or were - others are just the pits.

    Advice to Management

    Get control of the company back, and re-focus on the customer, rather than the bottom line - When your customers are happy, your bottom line will take care of itself. Overhaul your comp system - it gives the wrong incentives!


  6. Helpful (2)

    "Why work there?"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in White Plains, NY
    Former Employee - Anonymous Employee in White Plains, NY
    Doesn't Recommend
    Disapproves of CEO

    Pros

    The name recognition, was a good shop to work at, now up against the ropes for survival

    Cons

    Back stabbing people. Lots of stress for very low pay.

    Advice to Management

    You've made it, mentoring wouldn't hurt you.


  7. Helpful (3)

    "Risk Management"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associarte in New York, NY
    Current Employee - Associarte in New York, NY
    Doesn't Recommend
    Disapproves of CEO

    Pros

    The name, brand, and saying you working at Morgan Stanley make people notice it on the resume. Other than that there is no advantage as far as pay or career advancement is involved. Management is involved with a lot of nepotism.

    Cons

    The environment is a sweatshop where you work over 12 hours per day with little to no reward. You can work on weekends no effect. There are small groups within MS that are spectacular but, again, you need a connection to get in. The majority of the firm is run as fiefdoms where there is a lack of foresight to a singular goal. The bad part is there is a ton of cronyism and nepotism involved where if you don't belong to a certain stereotype that is prevalent in a group, then you don't advance.

    Advice to Management

    Management needs to take a good look at their career advancement policies starting with their 360 reviews. The way the reviews are setup now is that it is a high-school who-is-the-most popular game with little constructive feedback. For example, you cannot submit reviews to people you work with the most but one has wait for the person to submit himself as a reviewer. This leads to a situation where most people just jokey around for their favorite bar-buddy to review him.

  8. Helpful (2)

    "Working Here Will Only Hold You Back"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Registered Associate in New York, NY
    Former Employee - Registered Associate in New York, NY
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Morgan Stanley Smith Barney is a big name Financial Advisor with many offices in New York City and around the country. They will sponsor your financial license and encourage you to get them.

    Cons

    There are no merit based promotions or advancement opportunities.
    There are no raises, ever
    This is an "Old Boys Club"

    Advice to Management

    Get your hands out of the FA's pockets and start doing your job. Do your job and worry about whats best for the company rather than the best way to pad your pockets.


  9. Helpful (1)

    "Not what it use to be"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Brooklyn, NY
    Current Employee - Anonymous Employee in Brooklyn, NY
    Doesn't Recommend
    No opinion of CEO

    Pros

    It's a job, Can move around.

    Cons

    Bonus is bad, Less employees means more work.

    Advice to Management

    Value your people.


  10. Helpful (2)

    "Do Not work in GWMG Operations unless you enjoy doing the same monotonous functions over and over."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in New York, NY
    Current Employee - Associate in New York, NY
    Doesn't Recommend
    Approves of CEO

    Pros

    Benefits, 4 weeks of vacation, reputation

    Cons

    Too compartmentalized: they have people do the same function over and over with little opportunity to learn outside small role. You must network with others to get mobility, management will not help you move especially if you are good at your job.

    Advice to Management

    Do not restructure on a moments notice, employees get new bosses that do not care about career aspirations or growth, they just want the job done, this creates major employee turnover.


Showing 1,369 of 5,319 reviews
Reset Filters