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Brain Drain at Morgan Stanley

Software Engineer
Current Employee
Has worked at Morgan Stanley for 6 years
July 27, 2012
New York, New York
1.0
Doesn't RecommendNegative OutlookDoesn't Approve of CEO
Pros
  • Good training programs
  • Flexible work schedule
  • Ability to work from home
  • Good pay
Cons

You will lose your skills, dignity, and job over a period of time.

Career prospects in IT are bad. Morgan Stanley is an outsourcing factory. They hire people in India, transfer knowledge to them, then lay you off. Most people in IT feel they are the next lamb to the slaughter.

This is how it works. They will introduce you to a few consultants, then they will ask questions about the application, and you will help them set up. They will then be assigned new tasks, and you will help them cross-train. Slowly, they will do the work, and you will be sidelined. After 6-12 months, when management feels consultants know most of the application, you will be marked for layoff. Consultants will then be hired as full-time employees at Morgan Stanley in India. My colleagues who have been with the firm for 15-20 years are now training their replacements.

It is a terrifying situation for technology professionals.

If you are an IT professional, go somewhere else.

Advice to Management

Hire from India, NOT from Cornell, MIT, Columbia, and NYU, only to suck their productivity and lay them off. You have made this company cheap!

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