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A great firm for your career

Vice President - Technology
Former Employee
Worked at Morgan Stanley for 20 years
December 3, 2019
Budapest, Hungary
5.0
RecommendsNeutral OutlookApproves of CEO
Pros

Several significant pros to list here. There's good reason I spent 10+ years here:

  • The closest you can get to Wall Street dynamics here in Budapest.
  • Many excellent and skilled people in Technology.
  • Great overall philosophy about talent, career, growth, and diversity.
  • Superb location and office.
  • Good compensation if you are on a fairly senior (officer) level.
Cons

Some things to highlight here also:

  • Many cumbersome processes that can, at times, really frustrate Tech folks. Some have a good reason (e.g., regulation, transparency, etc.), others for more traditional/political reasons.

  • Tech tooling is developing but is still way behind the industry. You can often witness fanfared migrations onto technologies the world has been using for years. (Again, some of these lags come with a good reason, e.g., regulation, stability, security, and then many others come about because there's no time/personnel/budget to move ahead fast enough).

  • Compensation is not great for junior/mid-level talent. It seems as though packages don't progress as quickly as talent does. Talk about a 2-year developer being really productive already. That causes discrepancies between performance and reward and does ultimately contribute to massive junior turnover.

Advice to Management

Listen to junior folks and the industry. That helps improve competitiveness on the (local) labour market.

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