Only way to get a promotion or a raise is to leave MS to another firm and then apply back into MS.
Pros
Ability to gain FINRA licenses (7, 66, 3, 9, 10, 4, 24 and 53). Good work life balance. 20 vacation days. 7 sick days. Non-micromanagement environment.
Cons
0 bonuses. 0 recognition. Low moral amongst department. New hires are brought in at higher salaries for the same job function. Mid Level management not powered to discipline under performing employees. Mid Level management unable to reward over performing employees. Lack of communication from management in regards to policy or procedure updates. Promotions that come with no pay increases. Departments don't respect each other. If you apply internally for another department, you might as well be applying at a different firm. Management disconnected from employees and no career development opportunities.
