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Technically conservative culture

Vice President - Technology
Current Employee
Has worked at Morgan Stanley for 4 years
November 14, 2017
New York, New York
3.0
RecommendsPositive OutlookApproves of CEO
Pros

The company's culture is great. Business users will usually be engaged and constructive. There are a lot of opportunities if you're in the right team or location.

Cons

At a very fundamental level, conservative technology decisions are made that impact the whole firm. This is understandable, given the highly regulated nature of the company and its large size. But it can feel like you're spending a lot of time learning to do things the "Morgan way" with their very proprietary tech stack.

Also, there are the usual problems with technology in the finance industry, generally being treated as a lower-tier citizen of the firm.

Advice to Management

Get fresh advisors at the top levels of application infrastructure who are more eager to embrace open source software and established industry trends rather than looking at them with caution or as support costs.

Yes, the company's technology budget cannot possibly sustain efforts to "morganize" and support every new FOSS thing that comes along, but we shouldn't need to.

We should seek fundamentally new ways to work that allow app development teams to explore these options almost immediately (pre-production).

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