Morgan Stanley Reviews in New York City, NY | Glassdoor

Morgan Stanley New York City Reviews

Updated December 16, 2017
1,429 reviews

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New York City, NY Area

1,429 Employee Reviews

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Pros
  • This division specifically offers great work-life balance (in 343 reviews)

  • Work environment with other industry veterans (in 303 reviews)

Cons
More Pros and Cons

  1. "Analyst / Executive Assistant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Prefer Not to Answer in New York, NY
    Former Employee - Prefer Not to Answer in New York, NY
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Very good benefits and great company overall

    Cons

    Not enough communication from managers to measure feedback until compensation time.

    Advice to Management

    invest in more management training for direct middle level managers.


  2. "ED"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Executive Director in New York, NY
    Current Employee - Executive Director in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Morgan Stanley full-time (More than 10 years)

    Pros

    Wonderful Culture, exciting opportunities and work life balance supportive

    Cons

    Limited career growth in support functions.

  3. Helpful (5)

    "Huge industry name"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Front Office in New York, NY
    Current Employee - Front Office in New York, NY
    Positive Outlook
    Approves of CEO

    I have been working at Morgan Stanley full-time (More than 8 years)

    Pros

    Excellent company name, competitive pay, great coworker and easy location for commuting.

    Cons

    One thing that disturbs me about this firm which is the lack of diversity in the front office. I have worked front office at other major investment banks and you can literally count the number on one hand in the NYC office. It certainly is not an issue of not having qualified candidates because I have been part of many interviews with perspective employees. Morgan Stanley has a very extensive hiring process in which you will meet with a minimum of 10 people. I was actually shocked when certain people would be hired over others based on minor facts around how certain questions were answered vs the candidates proven track record of excellence.

    Advice to Management

    You have to do something about diversity in the front office. You cannot feel that by hiring minorities in IT and ops constitutes having a diverse overall workforce. The front office is comprised of people from all tiers of universities so holding minorities to a standard of only being qualified if they come from an ivy league school does not cut it in my opinion and does not fall in line with the firms stated culture.


  4. "Experiences Vary by Division"

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

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

    Pros

    If you have a great manager you will have a better experience but if you don't prepare to suffer with very little recourse.

    Cons

    Very elitist, can be a lonely place for people who are used to a friendly atmosphere.


  5. Helpful (1)

    "Review"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Registered Client Service Associate in Garden City, NY
    Current Employee - Registered Client Service Associate in Garden City, NY
    Recommends
    Negative Outlook
    No opinion of CEO

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

    Pros

    Strong company rep, financial advisors are among the industrys top professionals. Resources are available, research in particular is stellar. Wealth management services are endless

    Cons

    Company initiatives forced on employees. Uptight dress code, very high workload. Compliance policies are overbearing and cumbersome. Internal systems can use improvement.

    Advice to Management

    No advice to management at this time


  6. "Great firm, solid internship experience"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Equity Research Intern in New York, NY
    Former Intern - Equity Research Intern in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    - Smart people (I was in the equity research division)
    - Good learning and exposure

    Cons

    - Long hours but nothing unexpected

    Advice to Management

    Have a more transparent and standardized evaluation process- a lot of variation in the level of difficulty of projects


  7. "Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in New York, NY
    Current Employee - Associate in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great firm, great collegues, great technology, great projects, great benefits, great work life balance more words more words more words

    Cons

    Sell side, large company, risk reward, training, pressure to perform constantly, stressful day to day job more words more words more words

    Advice to Management

    Continue the good job

  8. "Strats"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Strats in New York, NY
    Current Employee - Strats in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great core values, sound compensation, interesting people

    Cons

    Work life balance could probably be better for entry level positions

    Advice to Management

    Keep your core values and open-mindedness regarding new ideas from analysts


  9. Helpful (1)

    "Not a meritocracy, questionable decisions made at sr lvl"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • 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
    Positive Outlook
    Approves of CEO

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

    Pros

    Interesting work, some smart people you can learn a lot from. The benefits - free access to museums, etc are on par with industry.

    Cons

    Long hours, more than happy to work you to the bone without compensating that (it’s expected) or even a thanks, penny pinching (e.g. no means to formally recognize an individual or team, no holiday parties, etc), raises and bonuses small/non-competitive. Also, you need to be very ok with grey areas, doing things you’re uncomfortable with for wrong reasons.

    Appearance/politics most important - for example, on a regular basis, mgmt would rather make a wrong decision quickly without accurate info or enough facts and even when better decisions are proposed at the same time by the team or by an individual behind closed doors. Why? Mgmt would rather appear to be decisive, save face, stand by their decision, and have the team waste time by following that bad approach/decision...inevitably, when it’s beyond clear the bad decision is bad, mgmt proposes a “new” (I.e. original suggestion by the individual/team) decision as their own, doesn’t apologize or admit their mistake (ever) and the team starts all over again. In spite of that, mgmt still wants the work yesterday and demands the team meet the same deadline (even though they caused several days to be wasted already). This is almost always announced at 5 or 6pm even though they’d already changed their decision that morning!

    Similarly, mgmt is more comfortable with communicating incorrect info both internally and externally for appearance (rather than getting back with an answer - because then it doesn’t appear as if they’re all-knowing) and so they can take the opportunity to “look good” in front of peers and those more senior.

    Employees I worked with at the time and former employees I’ve since met have the same gripes.

    Advice to Management

    1. Have mgmt provide a rationale for their decision esp when it’s completely contrary to what their team and SMEs recommend. At least their coworkers can understand why and maybe apply that rationale to future decisions.
    2. Make it clear to mgmt that completely writing off empls and making a conscious decision not to help them develop (and advising others not to) is completely inappropriate and not the mark of a true leader.
    3. The right answer to a questionable decision is never “I’m willing to own that decision.” If it feels wrong, it almost always is.

    Also, see the above.


  10. "Good Place to Start the Career"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Summer Analyst in New York, NY
    Former Intern - Summer Analyst in New York, NY
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Morgan Stanley as an intern

    Pros

    Many opportunities and most people are friendly

    Cons

    Some of the work are not that interesting


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