My team at Morgan Stanley was fantastic, probably one of the tightest knit teams that I have ever been a part of. As someone still young and growing in the industry there is a great amount to learn here. As for your social life, plan to never have any weekends free and if you are in the technical field there is just a small team so you will be on call 24/7 some weeks. December is the worst month for all at Morgan because of End of Year financial reviews, at the end of 2019 there was nearly 1500 jobs cut mostly in the technology sector, so never be confident about your position here, it can be cut at any time.
In Wealth Management, the office atmosphere varies by your direct team members, location and the branch management. Management can push hard at time to meet certain metrics and recently there has been a push towards career development.
Productive workplace with good benefits but high job turnover
Vice President, Regional Retirement Director (Former Employee) - Gaithersburg, MD - December 2, 2013
Morgan Stanley was a quality Employer that afforded me the opportunity to become a quality specialist in the qualified and non-qualified retirement plan marketplace. The majority of my time was on the road meeting with Financial Advisors, Plan Sponsors and Recordkeeper/DCIO partners. There was a substantial amount of turnover in my position (either through layoffs or counterparts leaving for other job opportunities) which led to very large territories and the challanges which accompanied that size of regions. Sales drove compensation.
Working with some of the best Financial Advisors and Recordkeepers in the business.
Large territories, ambiguity of job responsibilites, inaccurate sales data
A typical day of work included, making phone calls, networking, or doing seminars to drive business in addition to managing investments and relationships of current clients. My financial acumen greatly increased as a result of working here. Morgan Stanley has a great company culture and values diversity. The hardest part of the job is bringing in assets to meet your goals but it can be done with hard work and a little bit of luck. The most enjoyablepart of the job was helping people t achieve their financial goals.
WAA Trainee (Former Employee) - McLean, VA - July 16, 2013
It's definitely a very motivating and competitive place to work in with everyone mostly keeping to themselves. My supervisor and boss in the McLean, VA office were very nice but with their super busy schedules, it can be difficult to ask for their assistance and guidance at times. It is definitely a very independent type of work-style in that everything is basically self-taught and learned through trail-and-error and experience. There is practically free-food lying around all day long that were leftover from meetings prior so lunch is pretty much free for most days and accomodies are also very nice. Speaking of meetings, they take place virtually daily so be prepared to sit through both long and short meetings everyday since they act as a form of teaching you how to go about doing your work. Most of the meetings are hard to understand if you are just a novice in the financial-advisory field so you must take a lot of notes and listen diligently but otherwise, most of the time everyone is doing their own work whether it's studying for certification tests of client-meetings and other related tasks.
Free lunches and great environment to work in
Difficult work and life balance due to long hours and unpaid over-time
I learned the basics of the Financial Industry (type of accounts, process of acquiring and following up on leads, etc). I worked with a representative and made all the cold calling. I received my share of rejection during my time but managed to generate 30 new business from the lead.
I think Morgan Stanley is a good place to work. etc. my overall rating of it is about a 4 or 5
Receptionist (Current Employee) - Bethesda, MD - January 6, 2014
I was hired back on Aug. 12th 1991 and I really used to love my job for a really long time up until about 4 years ago then everything changed. co- wokers etc... I think the best of my job is saying hi to everyone in the morning and the worst is when eveyone leaves because everyone ignores me. and that's fine.
just being able to buy lunch and eat in peace is cool
co- worked get annoyed when I ask them to watch the phone when I want to take a break
Intern, Andrews/Feys Wealth Management Team (Former Employee) - Bethesda, MD - January 22, 2014
• Produced loss/gain reports, cost-basis reports, and projected income analysis.
• Researched stocks, mutual funds, and other securities with Hypothetical Investment II, Morningstar, S&P Stock Reports.
• Assisted financial advisor in growing asset base by cold calling prospective clients for investment seminars.
• Drafted prospect letters for mass mailings and client information mailings.
• Compiled a spreadsheet of all clients, and prospective clients and implemented the use of CLF software for the group to network information.
Pretty boring internship. All I, and other interns, did was cold-call wealthier people. The execs seem out of touch that cold-calling is a thing of the past, as people will reach out to you if they need your services. The odds of finding a new client with a scripted message is highly unlikely. Great resume booster though.
It's a different culture than Smith Barney. smith barney was more laid back and a fun place to wore. Morgan a little stiff and once we got new mgmt...forget it. Morgan is a good place to work, if you have good mgmt
I worked here as an intern and pretty much was locked into an office to cold call the entire day. I definitely used as an office jockey used to make the manager money. There was not much room for advancement and I did not really learn anything new as I was doing the same thing at my last internship, where I was making commission as well. This was just a job I took hoping to be a start to a career after college but the manager that I worked for definitely was just looking for cheap labor to man the phones and bring in leads.