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Morgan Stanley

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Morgan Stanley reviews

3.9

76% would recommend to a friend

(19,816 total reviews)
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Ted Pick

80% approve of CEO

73% positive business outlook

Morgan Stanley has an employee rating of 3.9 out of 5 stars, based on 19,816 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Morgan Stanley employee rating is in line with the average (within 1 standard deviation) for employers within the Finanzas industry (3.7 stars).

Reviews by job title

20K reviews
3.0
Oct 3, 2008
Recommend
CEO approval
Business Outlook

Pros

The name, the prestige, the benefits, the global depth and integrity of the brand are all pretty significant. John Mack is a great leader, full of integrity, experience and insight. I wish I worked on the institutional platform or asset management. Hopefully the grass is greener over there. A majority of the persons I work with are well informed and intelligent. Senior management has a clear understanding of what is going on in the market. The sheer size of the company can pose a problem coordinating so many people, but that's inevitable at any large firm.

Cons

The GWM Platform is out of touch by at least 20 years. There is a clear disconnect between working in the front office and doing the back end jobs. It is difficult to develop useful skills to leverage in other areas of the firm without getting pigeonholed into one job function. The GWM platform is out of date and functions poorly. You can really tell it's still Dean Witter with a fresh layer of makeup over it. It seems from my limited time management has sent out a lot of the dead wood and the people I work with now are intelligent to a point I feel they are over qualified. Operations is extremely boring and it adds insult that it is in Jersey City, a very miserable place. Once given the opportunity to do something more productive in another division and in Manhattan I feel I'll have a better sense and appreciation of the firm.

5.0
Oct 3, 2008
Recommend
CEO approval
Business Outlook

Pros

It has a strong culture of excellence, smart people, and is a meritocracy; there is very little hard politics in the organization. The pace is fast and the work very challenging, and the people around you are most focused on getting things done, and done well.

Cons

Can be high pressure some days. It's not bureaucratic but sometimes the drive for consensus and input can slow things down.

3.0
Oct 1, 2008
Recommend
CEO approval
Business Outlook

Pros

The benefits were far and away the selling point to work at MS, from the health insurance to the client perks. I had the opportunity to take clients and prospects to hear from experts in the field, usually at high end dining establishments, as well as sporting events. Customer service was very high on the priority list at Morgan, as it should be in Financial Planning. There were extra efforts to cater to the clients beck and call. And almost all of these events were covered 100% by the company. In addition to the events, the Morgan Stanley name provided needed credibility in an unstable investment environment. At the time of my employment, they and Merrill were the only two large investment firms not owned by a bank. In addition to client perks and strong health benfits, Morgan Stanley provided matching gifts to msot charitable contributions and promoted community service, both by sponsoring some local events as well as providing specific dollars if you had a viable pet project in your community. I thought this was great, especially since the DFW market is growing and getting a large number of prospects from other markets on the coasts, where real estate is performing much worse.

Cons

Unfortunately, the client catering came at a price, one that was usually too high. Commission rates were a bit above average, and the constant account fees seemed to nickel and dime clients. As Finanical Advisors, we were provided a small account to help alleviate some of those fees for our larger clients, but it was never enough to completely respond to the concerns of our entire book. There was a tiered fee structure that rewarded larger accounts, but the way it was set up, a client could have as much as $249,999 and still be subject to a $150 fee for their account. I saw this as fairly ridiculous and a bit preventive on the sales side.

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