Morgan Stanley Reviews in Purchase, NY | Glassdoor

Morgan Stanley Purchase Reviews

Updated January 17, 2017
6 reviews

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Purchase, NY

2.9
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Morgan Stanley CEO James P. Gorman
James P. Gorman
1 Rating

6 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. "If you can make it there, you can make it..."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Freelancer - Anonymous Freelancer in Purchase, NY
    Former Freelancer - Anonymous Freelancer in Purchase, NY

    I worked at Morgan Stanley (More than 5 years)

    Pros

    Smart people, challenging work, great opportunities if you're in the right place and have the right people championing you, great benefits.

    Cons

    Very competitive - watch yourself on that ladder you're climbing or you'll get trampled. And if you don't have someone senior watching out for/helping you, you'll go nowhere fast. Frequent changes in management cause frequent changes in direction. In the 8 years I was there, we had 8 department heads. Hard to gain traction or retain consistent support for your work. Work/life balance is hard to achieve.

    Advice to Management

    Listen to employees, really listen to what they have to say; then act on it. It goes a long way to creating employees who feel valued and want to stay at the firm.


  2. "vice president - project manager"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President - Project Manager in Purchase, NY
    Current Employee - Vice President - Project Manager in Purchase, NY
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    work from home often, flexibility. that is much appreciated

    Cons

    bonus time was not transparent. CEO takes too much bonus.

    Advice to Management

    bonus time - very stressful. no transparency.


  3. "It was not my favorite company, at least in my department. It's a big name though and looks decent on your resume."

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

    I worked at Morgan Stanley full-time

    Pros

    The name of the company on you resume.
    4 weeks paid vacation per year.

    Cons

    Boring projects. If you have skills, you will lose them in a few years if you don't keep yourself updated on your own. You really have to like finance to do this job, and I think I don't like finances much unless I'm dealing with my own.

    Advice to Management

    Allow them to be more creative, and listen to them when they say they aren't the one for a particular task. The very LAST thing you want to do is put your creative talent on a project that is going to destroy their morale and make them feel like dying. Hopefully it's not like this in all of the departments.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Helpful (1)

    "fair"

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

    Pros

    there are good employees to work with

    Cons

    Senior Mangement not genuine. Its about who you know and do they like you.

    Advice to Management

    XX


  6. Helpful (2)

    "Associate review"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in Purchase, NY
    Current Employee - Associate in Purchase, NY
    Recommends

    Pros

    MSSB is not a very demanding place to work and offers good pay, hours, and relaxed environment relative to industry peers.

    Cons

    MSSB does not offer good opportunities for motivated people to have a challenging experience. There is very little management feedback on performance or job satisfaction.

    Advice to Management

    Stay in touch with your employees. Communicate your strategies and goals for the firm, their individual businesses, and their careers clearly. Offer them attainable benchmarks and reward them when they meet them.


  7. Helpful (1)

    "A Worsening Picture"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - GWMG Analyst in Purchase, NY
    Current Employee - GWMG Analyst in Purchase, NY
    Disapproves of CEO

    Pros

    Name recognition, great place to begin, networking

    Cons

    Very difficult to advance, especially to another area of the firm. Too much politicing. Significant differences from department to department in terms of culture, pay, and opportunities. Not a good place to develop talent, as it is underappreciated and under-utilized (not to mention the worst error, underpaid!)

    Advice to Management

    Give more consideration to those working to become established. Make moving on to new areas of the firm a bigger emphasis and one that is more realistic. Currently, dept have no push to look internally before externally. Someone with talent in one area of finance, with the right drive, determination and example, should be successful in other areas of finance just as easily. Also, reinstate the tuition reimbursement program, or at least increase it from the new $10k a yr max (it was 100% reimbursement as early as spring 2008).


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