Morgan Stanley
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The culture is serious and professional in the office yet relaxed at lunch. Hierarchy is not critically important and opinions are always heard and respected because everyone is intelligent. Diversity is great as there are people from everywhere, and everyone seems to be tolerant as discrimination of any kind is strongly looked down upon.
If you wanna be successful, expect to work at least 12 hours a day. If you survive 5 years than you could be raking in $400k+ annually. You will succeed as long as you are not a slacker.
Morgan Stanley is clearly a world-class financial services firm. There is a great deal of diversity and dress code is very professional. There is definitely opportunity working within the firm.
The firm is pretty diverse on the whole and they seem to respect that diversity of cultures.
You can make a lot of money but be ready for the firm to take most of it away from you!
I work at a front office IT position and began to make $80k plus $10k signing bonus.
The objective of the firm is to extract as much money from its clients as possible and is continually developing new methods for extracting money from new places! But they're really in trouble once the clients catch on and go somewhere else.
The working environment can be very stressful because you are expected to always be on call.
The company is trying to make a lot of noise about improving it's company culture, but because of a lack of communication with its employees, this is mostly false.
The compensation is good but the main concern is that management has created a culture that loses clients and revenue from the firm so no once can operate about their compensation potential.
Most people are smart, but are also arrogant and cocky. It's the typical snooty WASP environment and you need to play the game right in order to succeed.
Dress code is casual, but some of the older workers show up in completely professional attire in ties.
Morgan Stanley Private Wealth Management is good if you are the right person for it. Most hires are young mba's but it's difficult to fit in when most clients trust their money to the 40-50yr old white male who enjoys playing golf at the country club. It is what it is.
Diversity is good if you consider the fact that diversity means many varieties of white males, if you are a white male and you get as much money from clients as possible you will advance far.
Salary is based upon 30-40% of all your commissions.
The amount of hours you put in can be good or brutal. It mostly depends on which group you are in, I worked as a summer intern and I worked roughly 80-100 hours a week.
Opportunity for advancement is mostly limited by hiring senior managers from outside the company.
The diversity of the firm was average, but I really think they should make an effort to get more women in mid to upper level management.
Advancement seems to be more and more based on who you know instead of your performance.
There were some fair opportunities for advancement, I didn't feel like it was necessary for one to go to business school to become an associate. However, there isn't much international opportunity until after your 3rd year analyst role.
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From hosting industry-specific case competitions to streamlining the application process, these companies show they know their employees are their most valuable assets.
