Morgan Stanley Employee Benefits Review: Are Their Careers Worth It?

Morgan Stanley Employee Benefits Review: Are Their Careers Worth It?

Morgan Stanley is a multinational American financial services firm and an investment bank. Morgan Stanley employee benefits are one of the main reasons why the company has received multiple awards for its work environment and workplace culture.

Originally founded in 1935, Morgan Stanley’s headquarter is in New York, USA. It currently has around 42 offices worldwide and is home to more than 60,000 employees. The company’s main business operations include investment management, wealth management, and institutional securities. 

Morgan Stanley has a vast network of clients that includes governments, corporations, individuals and institutions. According to a list published by Fortune 500 in 2018, Morgan Stanley is America’s 67th largest company in terms of revenue.  

Morgan Stanley Employee Benefits Team

Jeff Brodsky, Chief Human Resources Officer

Jeff Brodsky has been a key part of Morgan Stanley for almost 32 years. He became managing director in 2001 and in 2010 was appointed as the co-head of HR and was given the responsibilities for his department’s talent areas and Generalist teams. The very next year he became the Global Head and Vice President of HR.

Brodsky also became the head of the HR team of the joint venture between Morgan Stanley and Smith Barney. He has been a part of many Morgan Stanley’s businesses such as Investment Management, Global Wealth Management, and Discover.

The HR veteran holds a B.A.Sc. from Suny Binghamton.

Find him on

LinkedIn

What is Morgan Stanley Employee Benefits?

Morgan Stanley is known for its extensive employee benefits plans and packages. These perks make the firm one of the top workplaces in the United States. Here are some of the key perks enjoyed by Morgan Stanley employees:

Employee BenefitsDescription
Health InsuranceMorgan Stanley offers different health insurance packages. You can also include your parents’ hospitalization for an additional cost.
Wellness ProgramsThese plans focus on the physical and mental wellbeing of employees and include a paid leave of 20 days, counseling, annual health exams, and on-sight massage therapists.
Family CareThe company offers different programs and services to care for its employees and their families. These include both childcare and eldercare programs and services.
Maternity LeaveMorgan Stanley offers fully paid 16 weeks of maternity leave and four weeks of paternity leave. You can also get paid days off for adoption.
ChildcareThe firm offers different childcare benefits including on-sight lactation rooms and childcare services. You can also get slots in different childcare facilities. Employees are offered back-up and emergency childcare subsidy.
BonusEmployees are given annual bonuses based on their performance.
Annual VacationYou are given a minimum of 20 paid leaves annually. The number of days can increase based on your seniority level and service duration.
Long-term Disability InsuranceMorgan Stanley offers special insurance plans for its employees with long-term disability.
Leadership and Training ProgramsThe company offers special training and leadership programs to help its employees grow personally and professionally.
Student Loan ManagementMorgan Stanley offers help with student loan refinancing management.
Dental InsuranceDental insurance plans provide substantial coverage for medical exams and other dental procedures.
401 (k) MatchThe company offers a 4% match on its 401k benefits.

What Benefits is Morgan Stanley Known for?

Due to Morgan Stanley employee benefits, the company is considered one of the best workplaces in the U.S. The firm offers its employees different benefits and programs that can help them with their personal and professional growth. From training programs to a great wellness plan, Morgan Stanley ensures that the benefits it offers play a key role in improving employee engagement and employee experience.

Some of the most talked-about Morgan Stanley employee benefits are:

  • Healthcare insurance plan.
  • 401 (k) match up to 4%.
  • Up to 20 paid vacations annually.
  • 16 weeks of paid maternity leave.
  • Long-term disability insurance.
  • Student loan management.
  • Wellness programs.

The wellness programs offered by Morgan Stanley focus on its employees’ financial, physical and mental wellbeing. The company offers different plans such as on-sight centers for health and fitness, guidance and counseling, emergency adult and childcare, paid-time-off.

Morgan Stanley offers a comprehensive retirement plan to its employees. These plans include investment options, 401k match and optional access to financial advisors.

The company offers different childcare programs and benefits including on-sight lactation rooms and childcare services, emergency back-up childcare services and babysitting discounts. Employees can also be given slots in various top-quality childcare facilities.

Morgan Stanley offers good health insurance plans that are based on copayments. The employees also get dental and vision insurance plans that include medical exams and procedures.

How Does Morgan Stanley Help with Student Loans?

Morgan Stanley does not offer reimbursements or any direct monetary assistance with student loan recovery, however, the company recently added student loans management to its wellness program.

The employees are given access to different tools for assessment and calculators to manage their student loans and make better financial decisions. The head of Morgan Stanley at Work, Brian McDonald said that giving employees access to this kind of education helps them make informed decisions and achieve financial goals.

An even easier way to help employees manage their student loans more efficiently and pay them back faster is through FutureFuel. This platform is for employers that want to offer student loan benefits or already offer the program. From personalized accounts to company contribution transfers, FutureFuel is a one-stop solution for implementing student loan benefit programs.

How do Morgan Stanley’s Employee Benefits Change for Different Jobs?

Morgan Stanley is a global company that has offices in about 42 countries, therefore, the nature of benefits offered in different locations changes according to their state policies and regulations.

One of the major differences is the 401k plan, which is offered only in the United States. Moreover, childcare and adult care facilities plans are tailormade for each location. Similarly, the company’s health insurance and plans offered are different for different regions.

How Morgan Stanley Improved its Benefits Packages Overtime?

Morgan Stanley offers an extensive wellness program, which has been consistent over the years. The program focuses on employees’ physical, financial and mental wellbeing. Despite a few hiccups in the past, the company has ensured that its employees are given the best education to manage their finances and make the most of the benefits offered by the company.

The company keeps improving its wellness program by adding benefits like:

  • Student loan refinancing was recently added to the wellness program. It allows the employees to get access to information and assessment tools that help them manage their student loans better.
  • Employees are also given financial counseling that allows them to make better decisions and achieve their financial goals.
  • The company keeps introducing great benefits for working mothers. Working Mothers magazine added Morgan Stanley to its list of 100 best workplaces for working mothers in 2004.
  • The company offers training programs that help employees with their personal and professional goals

Are Morgan Stanley Careers Worth It?

There is no doubt that Morgan Stanley has taken many initiatives for its employees’ physical and mental health and personal and professional growth. This is one of the reasons why it is considered one of the best workplaces in the United States.

Moreover, the company also offers great health and life insurance policies that help you manage the ever-increasing medical and day-to-day costs.

The retirement plans offered by the company can also give you access to financial advice that can help you identify better investment options and make informed decisions.

All these benefits make Morgan Stanley’s careers safe and dependable.

Discover Morgan Stanley Jobs and Careers

If you want to start a career at Morgan Stanley, then it is important to know where to look for job opportunities. Here are a few places that will keep you informed about the latest job vacancies.

Morgan Stanley Careers

The official website of Morgan Stanley lists its job opportunities and internship prospects for fresh graduates on its “people” webpage. Here you can search for jobs based on your region and education level. The page also contains different articles on how to identify recruiting scams and follow-up on networking events.

Morgan Stanley Glassdoor

Glassdoor is another platform where you can find jobs at Morgan Stanley. Each job has necessary job-related details such as location, job description, and salary. You can also see reviews from both current and former Morgan Stanley employees and information about their benefits.

Morgan Stanley Indeed

Indeed.com is a good place to look for a job at Morgan Stanley. The website has a detailed list of almost all the available vacancies and offers useful filters to make your search easier. You can also see complete job descriptions, salary estimates, employee reviews and other details on Indeed.

Morgan Stanley LinkedIn

LinkedIn is another very useful place to look for Morgan Stanley’s jobs. The social networking platform has multiple listings with in-depth job descriptions. You can click on each job listing to see details such as job responsibilities, requirements, skills needed, location and seniority level.

 

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