They are stunting future asset growth by laying off talented, well trained FA's, then calling this cost cutting. JOKE! - Anonymous employee Morgan Stanley Employee Review

Cut me one year to the day I started, 10-4-10----9/30/2011. I held a ticket to PS2 training in NJ Sunday, was let go Friday regardless of hitting bonus, goals, and had obtained series 65 and insurance license without much support unless I asked. Sales assistant was not REGISTERED. I had to do all OPERATIONAL WORK, SETTING UP ACCOUNTS, ALL PAPERWORK by trial and ERROR!!! No reason other than my Manager was told to cut me. A spreadsheet cut as I was ready to close some major deals. They re-assigned my large accounts to the biggest producers, scrape to the lions Not a thought of helping the $250-300,000 producer leveraged to the next level. Just feed the $2 and $1.5 million producer getting only 50% accounts stripped/reallocated the day one is let go. MS played the tax credit for hiring unemployed to the hilt, many others were cut 1 year to the day in 2010-12 for this tax credit!