Morgan Stanley reviews

However, there is no guarantee that things will get better for the financial services industry and many of the legacy business models will not work in the future. Unfortunately, management has not given any indication that the firm is planning on adapting. There is high employee turnover, and as employees gain seniority they are at increasing risk of being laid off. There is terrible work-life balance, especially at the junior level, when employees are expected to be available 2/47. There is a lack of information sharing across the firm, and it is very difficult to change roles within the organization.

Senior management and branch management understand the business and the everyday pressures. Senior management has provided better tools and IT systems than we have ever had before. Local management does their best to protect us from the idiocies of regional and complex managers. Middle management seems to be clueless. They are too busy protecting their jobs so they do little to stand behind those of us who actually put dollars on the bottom line. It is difficult to find a line of communication to a higher level if you are having difficulty with middle management. Middle management is so far removed from the day to day pressures of working with clients that they do more to get in the way than they do to smooth the way in a very difficult global environment.