What it does: Morgan Stanley is an American investment management and financial services company, operating internationally.
Mission: We believe capital can work to benefit all of society
Best known for: Being one of the U.S.’s major investment firms.
Size & presence: More than 75,000 employees working in 41 countries.
The good bits: Morgan Stanley, despite everything, is still one of the major investment firms worldwide, and thus makes it a great place to start your career in finance.
The not-so-good bits: The company may not have the most flexible working arrangement.
Morgan Stanley was originally a subsidiary of J.P. Morgan & Co. However, regulation changes in the 1930s led the company to become a separate entity from J.P. Morgan & Co. The company was one of the first to use computers for financial analysis purposes.
In 1997, Morgan Stanley merged with Dean Witter Discover & Co., the financial services business of the department store Sears. Despite this, the name remains the same as it was during its founding years. Morgan Stanley is one of the few U.S. major investment firms that survived the 2008 financial crisis, and since then has managed to stay a Fortune 100 company despite the upheavals it experienced.
As a major player in the financial industry, working at Morgan Stanley means you will be at the forefront of some of the most interesting projects relating to finance. Although Morgan Stanley is primarily known as a U.S. firm, its worldwide presence means that you’ll get to work on projects with people located all over the planet.
Morgan Stanley explains it best when it comes to what to expect when working at the company: “A career at Morgan Stanley means belonging to an ideas-driven culture that embraces new perspectives to solve complex problems.”
As a major financial institution in the U.S., Morgan Stanley has several programs available to students and university graduates alike. For students, Morgan Stanley opens internship positions during the Summer, usually for Analyst roles. These positions are open to students who are studying in their final year of college or university. There are many departments in Morgan Stanley that accept students for this position, from Compliance to Internal Audit. If you’re a sophomore in college—you might be interested in trying out for Morgan Stanley’s sophomore analyst internship positions, which are also available year-round.
For college or university graduates, one important program that Morgan Stanley runs every year is its Full-Time Analyst program. Most of the positions open for this program are for Operations, and all majors can apply to the program.
Just like most companies, Morgan Stanley’s recruitment process begins with you having to submit an application to their career page. If you are shortlisted, their hiring team would reach out to set up an interview with you.
You’ll have to undergo several rounds of interviews—whether you’re being processed for an internship or full-time role. When it comes to expectations during these interviews, Morgan Stanley has this to say: “Remember, we use interviews to find out who you are and what motivates you. We want to see if you understand our business and what the job entails. This is an opportunity to show us what you could bring to the team at Morgan Stanley.”
The base pay that you could receive from doing an internship with Morgan Stanley differs a lot in range. Generally, if you’re hired for a Summer Analyst role, you can expect higher pay. The range that an intern could receive as compensation for their work is between $30,000 to $80,000. If you are working as a Full-time Analyst, which is a role intended for recent college or university graduates, you can expect to earn between $70,000 to $110,000 per year.
Aside from salary, there are other benefits that you get as an employee at Morgan Stanley. The company has tuition reimbursement and even discounts for graduate school test preparations (such as GRE, and GMAT). Additional benefits are that you can also receive our health and life insurance, free mental health counseling, subsidized gym membership, and four months of parental leave.
Many of Morgan Stanley’s social contributions are related to health initiatives. One of these includes providing funding for Feeding America, as it has done so for 10 years. In addition, Morgan Stanley also funded a children’s hospital in New York City called The New York-Presbyterian Morgan Stanley Children's Hospital.
One of the most recent controversies that Morgan Stanley is embroiled in is having to pay $5 million fine due to allegations made by the SEC in 2020 when the agency accused the company of misinforming clients in one of their programs regarding the costs incurred from engaging in their services.