Financial Advisor Associate - Financial Advisor Associate Morgan Stanley Employee Review

2.0
16 Oct 2017
Recommend
CEO approval
Business outlook

Pros

Work life balance. You are your own boss as far as building your own career. If the stars align, you can make a lot of money.

Cons

If the stars don't align, you'll fail out of the program and get fired. If you fail any of your licensing exams, you're fired. As soon as you obtain your licenses, you start production. Salary starts to deplete by 10% each quarter after your first year in production . You pretty much have to bring in around $500k a month in new assets or you're fired. If you do not hit numbers for 3 consecutive months, you're fired. You pretty much have to cold call a few hundreds numbers a day to MAYBE be successful or (wait for it..... you're fired). Any month that you don't hit numbers, you will not be paid commissions. The fail rate of the individuals in the FAA program is above 70%. Training managers within the branch are just there for the title. During training, they'll force you in front of a computer to watch hours of training videos a day.

Explore other reviews about Morgan Stanley

5.0
25 May 2026
Recommend
CEO approval
Business outlook

Pros

Great people, welcoming, Mentorship is very prioritized

Cons

Bit of a steep learning curve but that is everywhere in financial world

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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