Horrible place to work, unless you like ripping off your clients. - Registered Client Service Associate Morgan Stanley Employee Review

1.0
20 Apr 2014
Recommend
CEO approval
Business outlook

Pros

The pay was good, office hours were good and the management was nice to work for.

Cons

I worked at their Client Advisory Center which was a big title for a call center. Morgan Stanley is a horrible company to their smaller net worth clients. If you had less than $100,000 invested with them, their local financial advisors no longer got paid anything for them so they were encouraged to send them to the call center. The smaller customers get ripped off completely with very high low balance fees and terrible customer service. The training was horrible, and the ethics of Morgan Stanley are non-existent. Many of the smaller net worth clients were not very financially educated and Morgan Stanley took advantage of this. We were not allowed to tell them about the fees they were getting charged, only if they happened to look at their statement and notice the rip off. If we brought the fee structure up to the customer we could get fired. They charged these outrageous fees and hoped the customers would ignore their statements or just not savvy enough to figure it out. Horrible horrible company to work for and worse for their unwitting clients.

Explore other reviews about Morgan Stanley

5.0
3 Jun 2026
Recommend
CEO approval
Business outlook

Pros

Great place to work at

Cons

None, quality people all around

3.0
30 May 2026
Recommend
CEO approval
Business outlook

Pros

Very good co-workers, Great technology stack. Lot of new technologies and integration with current work.

Cons

They dont even give you a MS cup. They ask you to buy it for 5$. So cheap! Management big on "Giving back", Immediate managers do not like it and are not supportive. Lay off employees twice a year to show profits. Only worried about shareholders and clients. Don't know the criteria for lay-off. So, you are always worried if it is your turn. They boast about mental health and wellness. No good, when they layoff employees like this. HR = Horrible Resources. When you are laid off, they shoo you away as if you are a fly. You feel miserable. They themselves say - "We are better than Facebook or Oracle. We dont fire you at 6 AM over email." Gosh! What a comparison!

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