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Stable job, a bit boring though

Senior Software Developer
Current Employee
Has worked at Morgan Stanley for less than 1 year
November 30, 2011
3.0
No CEO Opinion
Pros

Since all groups across the firm are different, I'll stick to personal experience.

IT infrastructure is one of the best among several financial companies I had a chance working with. Middle management is flexible and encourages innovations and new ideas.

Professional training courses are available, and staff are encouraged to enroll regularly. Four weeks of vacation and good work/life balance are benefits hardly matched outside of the financial sector.

Cons

Again, personal experience only, do not extrapolate. No promotions or salary raises in years. The bonus has been cut lately due to the overall economic situation. Problems to solve are not challenging enough, which is quite boring. As usual within the financial sector, there are many limitations to personal 401K fund allocations. Overall, a job at a financial institution is not sexy enough in comparison with hot startups.

Advice to Management

Hire the best professionals, pay them well, and give them interesting problems to solve.

Money making may look a bit boring, yet there are lots of interesting analytical problems and ideas floating around to reinvent Wall St.

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