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Good company, but don't expect to be rewarded for loyalty

Software Developer
Current Employee
Has worked at Morgan Stanley for 6 years
May 21, 2015
London, England
3.0
Positive Outlook
Pros

Fantastic technology graduate training programme, probably the best in the industry. Interesting technical work. Some good social events. Ethical company. Great people to work with, very smart; everyone always willing to help. Fairly flexible working hours.

Cons

If you stay for more than 2-3 years, you will fall way behind in terms of salary, think 40-50% behind what your market rate is.

I've had several Executive Directors tell me that the only way to get paid a commensurate amount is to move around companies, as loyalty is not rewarded.

There is a clear air of resentment towards the company by graduates who have stayed longer than this period.

I could not recommend any graduates to stay for more than 2-3 years, unless they plan on taking a mobility move to another country for a period of time, as this is a good way of having your salary adjusted.

Working hours can be long, but probably no different to any competitors in this industry.

Advice to Management

You continue to lose technology graduates after 2-3 years for one obvious reason: their market value has increased significantly, but their salaries barely change. You claim that compensation is 'competitive,' but it just isn't after a while. This can easily be fixed! It's better to keep the graduates who have grown with the company, possess a lot of knowledge, and feel loyalty towards it than to just end up replacing them with an external hire who will come in at market rate anyway.

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