Morgan Stanley reviews

They bonus is not performance-based, but based on a formula of how long you've worked there and how well your group does that year. This removes any incentive to excel at your job, since they aren't going to pay you any more if you put in extra hours. Management tends to be dismissive of analysts and has a hard time integrating new ideas or doing anything different from the way that the industry has already been doing for decades. I have an economics degree from the University of Chicago, but most of my VPs and MDs had degrees from state schools or local colleges. They simply weren't able to communicate concepts on the same plane that I was on. This led to failure of communication and lack of mutual respect. Morgan Stanley's Chicago office also lacks the vibrant diversity that you would expect from a global firm. Most employees are white graduates of large midwestern schools such as Michigan, Notre Dame, Wisconsin Madison, Illinois, and Ohio State. The bland culture means deal teams have a hard time understanding the global marketplace they are working in.

Waking up early for work if you aren't used to it.