Morgan stanley smith barney Sucks Customer Reviews and Feedback
Morgan Stanley is an American multinational investment bank and financial services company headquartered at 1585 Broadway in the Morgan Stanley Building, Midtown Manhattan, New York City. With offices in more than 42 countries and more than 60,000 employees, the firm's clients include corporations, governments, institutions, and individuals. Morgan Stanley ranked No. 67 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.
The original Morgan Stanley, formed by J.P. Morgan & Co. partners Henry Sturgis Morgan (grandson of J.P. Morgan), Harold Stanley, and others, came into existence on September 16, 1935, in response to the Glass–Steagall Act that required the splitting of commercial and investment banking businesses. In its first year, the company operated with a 24% market share (US$1.1 billion) in public offerings and private placements.
A former employee said this in a review: "I would not join Morgan stanley smith barney as an advisor unless you have an upfront offer in writing to be part of a team. The days of the solo practitioner are coming to an end. Since the firm dropped out of protocol in 2017, advisors are under a non-solicitation agreement - they will sue you if you leave and then contact your clients. You would be well advised to have your attorney review all employment documents and do your negotiating prior to accepting an offer. Be sure you understand the payout as well as deferred compensation and the penalty box before signing".
Software Developer (Former Employee) says"Terrible place to work, stay away. Too much red-tape. Very poor culture. For them it's not about getting work done. It's all about shirking responsibilities."
Analyst (Current Employee) says"Crazy hours, bad culture, boring work. really depends on team - can be better just depending on that! I did not learn much.. but again, just depends on if your manager likes you."
Operations Analyst (Former Employee) says"Overall I did not enjoy working for Morgan Stanley, main reason being that no one worked as a team but rather against each other, always looking for ways how to throw a colleague under a bus and hiding their own mistakes. Very toxic work environment and unprofessional colleagues. No work/life balance."
Software Associate intern (Former Employee) says"My Manager and my mentor were just pathetic. They always used to demoralize me and humiliate me when i go to ask doubts. They used to laugh at me when I used to ask doubts. They even didn't let me speak and used to interrupt me and tell me to remain in dicussions.NilEverything About it."
Accountant (Former Employee) says"Morgan Stanley constantly has a high turnover of management creating a feeling of insecurity of your own job. They are constantly hiring contract people and they are very picky who they hire on full time creating a false sense of probability of being hired on."
VP (Former Employee) says"Managers are placed in roles that have no experience or knowledge. Managers have ego problems. They use IM as a GPS. Work/life balance is non-existence. Everything is a fire drill and managers can be unprofessional. Women are not empowered although they talk about putting women in senior positions but they do not."
National New Accounts (Former Employee) says"The company is a good company had I worked in a separate department. The national new accounts did not provide with developmental coaching not did it provide a healthy environment."
Customer Service (Online/Retirement/Insurance (Former Employee) says"I worked for Morgan Stanley off and on from Dec 2015 to February 2017 when I was unexpectedly let go. I started and ended as a temp, so that part of the job was tough. I took 30-45 calls daily in the Online department. Great training and supervisor to start with, but after a few months I was asked if I would be interested in transferring to Retirement. Not wanting to seem flexible I did. The training and support in the Retirement area was severely lacking. I was able to transfer to Insurance Licensing after a few months, however. My training was great! The support in the department from my immediate supervisor and team were fantastic. A new operations manager over Retirement and Insurance came to this department from New York. I had a medical condition that I made ALL of my managers aware of. I was even told that if I ever had an issue to let management know. One time I did have an episode and let management know. I got a call from temp agency, two weeks later, that instead of letting me go (WHY???) I would be suspended until further notice. As a temp this is difficult because you never know your status, but it was also nearing Christmas time! I tried to find other employment but in the end Morgan Stanley let me back...for a few weeks. The new operations manager made found every excuse she could to "legally" not bring me back. I was accused of hanging up on customers, but proved time and again there was an issue with the hard phones. I had been in customer service/call centers for over a decade and NEVER hung up on anyone. Even after proving over and again I"
Financial Advisor (Former Employee) says"NOT TOO BIG TO FAIL, as local branch is administered by co-managers: a sales supervisor, an operations manager, and a compliance manager- neither of whom communicate well with each other. Branch supervisors are in production, operations managers are neither sales-oriented nor aware that time equals money, and compliance managers are accusatory of all activity. English for some is a second language. Office furnishings are in need of re-hab; furthermore, administrative support is non-existent, except for advisors on teams who directly compensate their own staff. The firm is only a good match for advisors on teams, advisors with inherited/ purchased books of business, or via family practices: nepotism is rampant. Production to meet goals, for team trainees, is disguised and transferred constantly among multiple team participants. Trainees are not held accountable individually, unless you are on your own. MS does not want you! No longer do those persons new to the business make it successfully on one's own."
High Net worth facilitator (Current Employee) says"Very unfair company to work for. Management is clicky and they are under investigation for how they treat their employees. the new manager hired is making loyal workers now look for other jobs. One of the worst companies to work with."
CSR - Customer Service Representative (Former Employee) says"They are a very deceiving company . They dont support you .they train you poorly alot of people have quit and gone else where no benefits and no job stability"
Work Internship (Former Employee) says"I hated the job and the people i worked with. I would not recommend MS to anyone. My manager was horrible, she yelled and screamed at people, can't believe that any professional organization would hire people like those that I worked with. Very happy not to be there anymore."
Clients Due Diligence Analyst (Permanent) says"Management did not take their own responsibility and blamed a new joiner for their lack of management skills!!! The new joiner got fired on the spot. Worst working environment I have ever worked in"
Executive Assistant to Managing Directors (Current Employee) says"Hated working there; horrible management! Full days of compliance rules and regulations that hindered my work! Completed all requirements, but kept changing day in and day out. HATED IT!!!!!"
Lead Project Manager SME CTA (Former Employee) says"one of the worst companies I have worled for in over 20 years. they manage people like a 1960s typing pool, with permission needed to go for toilet breaks lunch and if yu leave at 5pm its frawned upon... they want 12 to 16 hrs days out of you with no atmosphere or cultural environment thats nice to work in.. There are a few companies i wouldnt work for ever again and this is the top one. Get out dark ages , appreciate your staff and get with the times"
Executive Director (Former Employee) says"Low level managers "work" here doing I don't know what. Senior managers are even worse. Truly the worst firm on Wall Street I ever worked for. Awful..NoneYou need a long list"
Advisor Compensation Specialist (Former Employee) says"Mostly temporary employees from staffing companies. High attrition rates and employee turnover. Investment banking and financial services call center for Morgan Stanley clients and employees. Specialized field facing support teams including: Advisor Compensation, Client Reporting and Web Support. Client Support Services: banking & card services, tax documents/support, online banking, IT/web support, global stock plan services and participant product/payment/payment services support and Staffing is primarily temporary employees who are underpaid, undertrained andExposure to top tier financial services industry operationsTerrible work environment managed by underpaid and undertrained employees"
First Vice President (Former Employee) says"Morgan Stanley more interested in getting rid of Financial Advisors and replacing them with call centers using Vangard and Fidellity as business models.Morgan Stanley is getting rid of employees gooing to more computer online accounts. Any future income handicapped by Dept of Labor newrules."
Cashier/Customer Service (Former Employee) says"Don't wish to give my opinion about anything here because it would be negative if I did. Let people judge for themselves on what it's like to work for this company----everyone has their own voice and their own opinion and no one is right or wrong on "how" or "what" they feel.Nothing to say.Nothing to say."
Customer Support Specialist (Former Employee) says"A number of people who where brought in no longer work at the company. Poor work environment. I was in g\a group of around 30 people who went through training. Rigid schedule and breaks. My skills of using my series 7 were wasted by placing me in the 529 area."