Morgan Stanley (NYSE: MS) is a global financial services provider headquartered in New York City, New York, United States. It serves a diversified group of corporations, governments, financial institutions, and individuals. Morgan Stanley also operates in 33 countries around the world with 600 offices, with an approximate employee workforce of 45,000. The company reports US$779 billion as assets under its management.
The corporation, formed by J.P. Morgan & Co. employees Henry S. Morgan, Harold Stanley and others, came into existence on September 16, 1935. In its first year the company operated with a 24% market share (US$1.1 billion) in public offerings and private placements. The main areas of business for the firm today are Global Wealth Management, Institutional Securities and Investment Management.
The company found itself in the midst of a management crisis in the late 90s that saw it lose a lot of talent and competence and ultimately saw the firing of its then CEO Philip Purcell in 2005. Since then Morgan Stanley has been undergoing a massive restructuring which also involved job cuts across various of its businesses.
On September 21, 2008, it was reported that the Federal Reserve allowed Morgan Stanley to change its status from investment bank to bank holding company.
On September 22, 2008, it was announced that Mitsubishi UFJ Financial Group, Japan's largest bank, plans to take a stake of up to one-fifth in Morgan Stanley as part of a strategic alliance.
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Morgan Stanley
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Type
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Public (NYSE: MS)
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Founded
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1935
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Headquarters
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New York City, New York
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Key people
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John J. Mack, Chairman & CEO
Walid Chammah Co-President
James P. Gorman Co-President
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Industry
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Investment services
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Products
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Financial Services
Investment Banking
Investment management
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Revenue
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▲ US$ 84.12 billion (2007)
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Net income
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▲ US$ 3.209 billion (2007
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Employees
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over 45,000 (March 2008)
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Website
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www.morganstanley.com
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Overview
Morgan Stanley is a global financial services firm that, through its subsidiaries and affiliates, provides its products and services to customers, including corporations, governments, financial institutions and individuals. The Company operates in three business segments: Institutional Securities, Global Wealth Management Group, and Asset Management.
Morgan Stanley Employment
Interviewing with Morgan Stanley
The Morgan Stanley interview varies greatly by job type. Candidates reported a wide variety of interview formats, including 1:1, panel, skills tests/presentations, and phone interviews. The overall difficulty rating is "Average" (3.3 out of 5), with most candidates indicating a "Positive" or "Neutral" interview experience.
Employee Compensation
Morgan Stanley employs a wide variety of professionals in the financial services and information technology fields. Morgan Stanley salary and bonus structures vary greatly by each job. Below are common positions with salary and pay details from current employees:
- Morgan Stanley Financial Advisor salary - $50,167 (Average, USD)
- Morgan Stanley Investment Banking Analyst salary - $65,714 (Average, USD)
- Morgan Stanley Technology Associate salary - $99,643 (Average, USD)
- Morgan Stanley Trading Vice President salary - $135,038 (Average, USD)
- Morgan Stanley IT Developer salary - $76,800 (Average, USD)
This article uses content from http://www.wikipedia.org
