Morgan Stanley
3.4 of 5 1,409 reviews
www.morganstanley.com New York, NY 5000+ Employees

Morgan Stanley Reviews

Updated Apr 10, 2014
All Employees Current Employees Only

3.4 1,409 reviews

                             

77% Approve of the CEO

Morgan Stanley CEO James P. Gorman

James P. Gorman

(633 ratings)

72% of employees recommend this company to a friend
1,409 Employee Reviews
Relevance Date Rating
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Review Highlights

Pros:
  • "Their work life balance policies allow you to work from home when you cannot get in"
    in 82 reviews
  • "Really smart people; relatively little beauracracy; the latitude to design my job"
    in 69 reviews
Cons:
  • "Depending on your role, work/life balance may be heavily skewed toward work"
    in 78 reviews
  • "There aren't really any cons except to succeed you need to work long hours"
    in 100 reviews
  • Show more review highlights

Reviews

  • Culture & Values
         
  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         

 

Good

Operations Analyst (Former Employee)
Sydney

I worked at Morgan Stanley full-time for more than a year

ProsStaff worrk well together and good onboarding process.

ConsCommunications to staff need to be improved.

Advice to Senior ManagementBetter career oppotunities for staff

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  • Culture & Values
         
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  • Approves of CEO

 

Larger work loads, lower bonus and no career progression

Front Office Sales (Current Employee)
Sydney

I have been working at Morgan Stanley full-time for more than 3 years

ProsGreat Brand
Good Systems
Great Location
Nice Offices
Good access to other departments
Global foot-print

ConsLittle to no support for lateral/ inter departmental movements

Poor compensation relative to industry

More work load, smaller bonus

Have not had a pay rise in 3 years (nor has anyone in my position)

Glass ceiling - you cant move up...

Political nightmare

No Recognition - partly due to the fact your manager has no idea what you are doing

Quicker to suggest exploring job opportunities externally than to assist internally (not isolated incident)

No clear requirements to progress - consistently changing progression requirements

Losing clients due to poor credit rating

No advertising is Australia - most people don't know our division exists!

Icing on the cake - in performance reviews, they cannot give all high performers 'exceeds expectations' because they have to follow a bell curve. Low pay relative to industry and no recognition.

Advice to Senior ManagementIdentify and recognize talent.

Pay people what they are worth.

Help people with their career development - its the only way to retain driven/motivated people.

If an employee wants to move divisions, and they have the qualifications, help them!

Do not shift the 'goal posts' that some one has been working hard towards - I am not the only one that feels this way.

No, I would not recommend this company to a friend

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  • No Opinion of CEO

 

Neutral

Risk Manager (Current Employee)
Sydney

I have been working at Morgan Stanley

ProsGlobal reach, good for front office.

ConsIB pigeon hole culture. Person with the right skill set in Ops cannot move laterally.

Advice to Senior ManagementBe more flexible in terms of mobility for people with the right skills to move around.

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  • Disapproves of CEO

 

Once was great ...

Executive Director (Current Employee)
Sydney

I have been working at Morgan Stanley

ProsA low benchmark by peers means it's relatively easy to do well. Pay very well for median performance and even better for great performance. Some charismatic leaders. Leading user of technology. Global standardised accounting protocals are a tribute to the great work by Trevor Harris and Vaughn Harvey.

ConsHighly political, although that's the norm for the industry. Global approach means a lot of boring travel. Research has been emasculated in recent years. Hedge fund clients now run the strategy for the securities division. Poor IBD deal flow makes it harder to get corporate access.

Advice to Senior ManagementRemember what gave a franchise in the first place ... the business is too broad and poorly focused.

No, I would not recommend this company to a friend

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3 people found this helpful  

Good Job for a person with a lot of time to dedicate

Anonymous Employee (Current Employee)

I have been working at Morgan Stanley

ProsFlexible schedule
Good base salary that lasts 3 years on a decreasing basis after year one

ConsHard quotas to meet
Requires a lot of hours plus nights and weekends to be successful

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1 person found this helpful  

Wealth Management Intern

Intern (Former Employee)

I worked at Morgan Stanley as an intern for less than a year

ProsOpportunity to demonstrate abilities and get first hand experience because of the team I worked in.

ConsThe exposure you'll receive is completely dependent on the team you work for. Some interns spent the summer cold calling every day.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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1 person found this helpful  

Great summer experience

Private Wealth Management Intern (Current Employee)
Wayzata, MN (US)

I have been working at Morgan Stanley as an intern for less than a year

ProsLoved working with my superiors. They had a vested interest in my training and were always available for questions. I received great career and networking advice. Would recommend to any young business major.

ConsWish I had more client interaction. (Varies depending on wealth management group)

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Great learning environment and culturally mixed

Business Analyst (Former Employee)
New York, NY (US)

I worked at Morgan Stanley full-time for more than a year

ProsGreat working environment. Always new things to learn

ConsCompensation could be better. More raises

Advice to Senior ManagementMore senior management exposure and communication

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Great Company to Work For

Vice President (Current Employee)
New York, NY (US)

I have been working at Morgan Stanley full-time for more than 8 years

ProsMorgan Stanley offers a great work-life balance (dependent upon your manager / department) and training. Many opportunities available with the ability to move around the company. The benefits are also very good.

ConsThe pay the past couple of years (along with many other financial institutions) has not been great. If you have been with the company long, you are below market.

Advice to Senior ManagementWork to bring your employees who have been with the company many years, to near market salaries. A lot of knowledge is walking out the door when a long time (good employee) leaves the Firm.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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  • Culture & Values
         
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  • No Opinion of CEO

 

Good if not interested in building a career

Anonymous Employee (Former Employee)
Montreal, QC (Canada)

I worked at Morgan Stanley as a contractor for more than a year

ProsVery interesting projects, great team. Very professional colleagues.

ConsIf not working in New. York or London, forget about building a career.

Yes, I would recommend this company to a friend

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Glassdoor is your free inside look at Morgan Stanley reviews and ratings - including employee satisfaction and approval ratings for Morgan Stanley CEO James P. Gorman. All 1,409 reviews are posted anonymously by Morgan Stanley employees.