Morgan Stanley Reviews | Glassdoor

Morgan Stanley Reviews

Updated June 23, 2017
4,594 reviews

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Full-time Part-time

3.6
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Morgan Stanley CEO James P. Gorman
James P. Gorman
1,784 Ratings

4,594 Employee Reviews

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Pros
Cons
  • work life balance is not very good (in 295 reviews)

  • Long hours to establish business; longer time to establish clientele would be helpful (in 335 reviews)

More Pros and Cons

  1. Helpful (7)

    "Run Like Hell!"

    Star Star Star Star Star
    • 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"

    Star Star Star Star Star
    • 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)

    "A once proud company with a tarnished, hollow name."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Instructional Designer in West Valley City, UT
    Former Employee - Instructional Designer in West Valley City, UT
    Doesn't Recommend
    Disapproves of CEO

    Pros

    They offer a pension and some great benefits. It has a name which used to carry weight. Now, I get an average of 5 calls a month from recruiters hiring for the position I held. I have to tell them I cannot, in good conscience, recommend anyone for the job or the company.

    Cons

    I was One employee with Four (4) Managers of varying levels. None of them knew how to communicate with each other and communication was our job! We were the Instructional Designers for the company. The VP in charge actually told us that she "...hated Instructional Design". I was threatened on many occasions for *not* putting in enough overtime. A Project Manager assigned to a very large project routinely had melt downs and would fire off the most unprofessional emails I have ever seen. The manager directly under the VP hid incompetence behind a flourish of words and policy (he was referred to as "The Black Hole" by his employees).

    In short, the entire experience was surreal!

    One employee in one department that BADLY needed to be scrapped and rebuilt - run by people who would actually care.

    Advice to Management

    Scrap the entire Instructional Design department. Rebuild it. You have a system with thousands of living documents that are not tracked and are almost impossible to maintain. Plans were being made to implement a CMS, do it. Get rid of the management and place people who actually care.

    I was at least the 10th person to hold that position in 14 months. Since I've left multiples have come and gone. Shouldn't that tell you something?


  4. Helpful (2)

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

    Star Star Star Star Star
    • 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.


  5. Helpful (3)

    "Morgan Stanley is a dead end"

    Star Star Star Star Star
    • 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.


  6. Helpful (2)

    "Don't start your career here"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor in Overland Park, KS
    Former Employee - Financial Advisor in Overland Park, KS
    Doesn't Recommend
    Approves of CEO

    Pros

    The best reason to work for Morgan Stanley is the name recognition. They give you a base salary while you study for all the required licensing and pay for your testing. The benefits are fantastic. There are many choices for medical. The dental coverage is very good. The 401(k) has some great selections. All of them start day one of employment. The other financial advisors are honest with you when asking questions. The CSA's are very helpful as well. They definitely know what they are doing. If you have a book of business coming in it may be a good place to work

    Cons

    The interview promised a team atmosphere, hands on coaching, mentoring, and support in marketing. Their technology is some of the worst in the business. There is absolutely no support for someone starting out. There is no communication from the Sales Manager and the Complex Manager which you are told how they are very involved in making you succesful. If you can track down a manager they might acknowledge you as they are walking away. Good luck getting approval to send out marketing letters. They may let you send them from the office but it will be out of your pocket. They tell you that you are evaluated quarterly but will let you go if your goal is not met within a month and a half.

    Advice to Management

    Get more involved. Show genuine interest in your employees.


  7. Helpful (1)

    "Refocus on traditional values and business."

    Star Star Star Star Star
    • 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!


  8. Helpful (3)

    "Enter at your own risk!!!!!!!!!!!!!!!!!!!"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor Associate in Orlando, FL
    Former Employee - Financial Advisor Associate in Orlando, FL
    Doesn't Recommend
    No opinion of CEO

    Pros

    The benefits and the products

    Cons

    The management is incompetent. They do not understand the current environment and are so consumed with hiring other firms FAs they dont take care of the ones they have.

    Advice to Management

    Find a new job your horrible. The rrecruiting manager does not know what it is like in the real world. They concentrate on trying to get people into investments that just do not serve the better good. The firm has so much potential, but its own arrogance will be its downfall.


  9. Helpful (2)

    "Why work there?"

    Star Star Star Star Star
    • 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.


  10. Helpful (3)

    "Risk Management"

    Star Star Star Star Star
    • 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.


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