Morgan Stanley Reviews | Glassdoor

Morgan Stanley Reviews

Updated November 3, 2017
551 reviews

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Morgan Stanley CEO James P. Gorman
James P. Gorman
161 Ratings

551 Employee Reviews

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Pros
  • This division specifically offers great work-life balance (in 337 reviews)

  • Work environment with other industry veterans (in 299 reviews)

Cons
More Pros and Cons

  1. "Morgan Stanley Review"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Good Technology and Good Platform

    Cons

    Treat financial advisors like employees instead of partners

    Advice to Management

    act more like partners to financial advisors


  2. Helpful (4)

    "Financial Advisor Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor Associate
    Current Employee - Financial Advisor Associate
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Work life balance. You are your own boss as far as building your own career. If the stars align, you can make a lot of money.

    Cons

    If the stars don't align, you'll fail out of the program and get fired. If you fail any of your licensing exams, you're fired. As soon as you obtain your licenses, you start production. Salary starts to deplete by 10% each quarter after your first year in production . You pretty much have to bring in around $500k a month in new assets or you're fired. If you do not hit numbers for 3 consecutive months, you're fired. You pretty much have to cold call a few hundreds numbers a day to MAYBE be successful or (wait for it..... you're fired). Any month that you don't hit numbers, you will not be paid commissions. The fail rate of the individuals in the FAA program is above 70%. Training managers within the branch are just there for the title. During training, they'll force you in front of a computer to watch hours of training videos a day.

    Advice to Management

    Actually train your FAA's. Don't force them in front of a computer for hours and then throw them out in the field unprepared to go "practice" on clients. Morgan Stanley raves about their training program while everyone who is actually in the program hates it.

  3. Helpful (4)

    "An Absolute Joke"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Operations Analyst in Baltimore, MD
    Former Employee - Operations Analyst in Baltimore, MD
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

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

    Pros

    Vacation time- 4 weeks total including a mandatory 2 week vacation
    Overall company culture is great including the emphasis on volunteer work
    Great CEO

    Cons

    It's an absolute shame that employees that help your firm make money is paid severely below market value. In addition, upper management seems to look down upon the Baltimore office ( a very A team/B team mentality at play). Upper management does not seem to care about employees' career paths- they'll ask you because they're supposed to but mine have never acted upon the things I mentioned in those meetings. If you are interested in coming here- do your best in your given role, learn as much as you can, and leave for another company that will pay you correctly and support you as an employee.

    Advice to Management

    No one is truly happy here- take the time to listen for once and diligently work to improve our conditions. The Baltimore office has an absurd rate of turnover- and with that turnover comes the loss of knowledge. You did this to yourself, it was completely preventable. Also- give the Baltimore office more employee benefits such as a gym or more access to food. We're not your B team.


  4. "Silly Policies"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    Former Employee - Branch Support in Columbus, OH
    Former Employee - Branch Support in Columbus, OH
    Doesn't Recommend
    No opinion of CEO

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

    Pros

    People who you work around are nice and helpful

    Cons

    Crazy polices in place that made it impossible to move up

    Advice to Management

    Don't offer a job to someone and then take it away, when it was the managements fault for not knowing the rules of their own company


  5. "Not good if your new"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor Trainee in Naples, FL
    Former Employee - Financial Advisor Trainee in Naples, FL
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Best resources available in the industry

    Cons

    Throw you to the wolves, no manager support- if your new and don't have a book of business your wasting your time. Management sets you up to fail from Day 1


  6. "Investment Banking Summer Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Investment Banking Analyst in New York, NY
    Former Intern - Investment Banking Analyst in New York, NY
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    Learned a good bit about excel and PowerPoint and improved financial modeling skills. Good learning series about different parts of the bank.

    Cons

    The people are very intense and it is super male dominated in some groups. Groups are very hit or miss.


  7. "Difficult Place to advance your career"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Consultant in New York, NY
    Former Contractor - Consultant in New York, NY
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    Great learning experience, some good people.

    Cons

    Promised an opportunity to be converted from contract to full time twice, had 3 managers in 2 years, nobody seems to enjoy working there.

    Advice to Management

    Focus on people vs budget

  8. "Wealth Management Intern"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Wealth Management Intern in El Segundo, CA
    Former Intern - Wealth Management Intern in El Segundo, CA

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

    Pros

    Great resume builder, interaction with professionals in the industry

    Cons

    Was not in a specific program and was hired on to cold call all summer


  9. Helpful (4)

    "FAA program"

    StarStarStarStarStar
    Current Employee - Financial Advisor Associate in Anchorage, AK
    Current Employee - Financial Advisor Associate in Anchorage, AK
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    There name. It's a big name to an extent more people are familiar with Merrill lynch in anchorage. The branch manager in anchorage is very helpful.

    Cons

    Very little guidance or resources coupled with super High hurdles with limited time and constant pressure you will be fired. Race and gender issues.

    Advice to Management

    Have better training and support. The way you throw individuals inbw without ensuring they are in a conducive environment for growth aids in higher fall out rate.


  10. "Hiring Process"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Name value, one of the best financial firms in the world

    Cons

    Operation part needs to develop

    Advice to Management

    Please hire at least bachelor degree with finance people and don't hire who just graduated high school because it makes office environment totally insane.


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