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Micromanagement and the Workplace The workplace felt like a graveyard

Vice President, Technology
Former Employee
Worked at Morgan Stanley for 1 year
October 8, 2014
New York, New York
1.0
Doesn't RecommendPositive OutlookNo CEO Opinion
Pros

"Investment Banking" experience on your resume, and the network. Nothing beyond that. All things are smoke and gloom.

Cons

Time-off, work from home, and tuition reimbursement benefits are eye-wash. These are all at "Manager's discretion." It just means you are not going to get them that easily, so don't fall for these benefits traps.

Health benefits are not that good considering how well reputed this employer is on the street.

Lot of great technologies, but it's unnecessarily complicated (to the level that you wouldn't see anywhere else). Perhaps it is because the technologists are doing it to keep their jobs secured.

Work environment feels like a graveyard. Also, depending on your manager, your experience might get worse. At least in the team I was in, the manager didn't know what he wanted. Things kept changing every day and it got worse to a level where it started to change every 2-3 hours. Talk about Agile, this is an abuse of Agile. :)

There was no training given in the financial domain. I was given an online account to read through material. But if you are squeezed for 12-14 hours a day, when do you think you have time to read that stuff?

Forget about your family if you want to work in this place.

Advice to Management

Stop pretending to have the best process in place and the best people in place to lead. Start thinking about work-life balance for your employees. You might be stressing this already at the top level, but it never reached the VP level (you can imagine how it would be at the associate levels).

Consultants/contractors are the ones who have made the best deal ever. They get paid very well (not having to worry about non-existent bonuses) and they don't have to work beyond 8-9 hours a day. If they do, they get paid extra for that time. Does this mean being an employee in your organization is a sin, unless you are at the top level?

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