Want to hire someone, but the manager told me that no budget. Budget is determined by MD and the business? When? and is it possible to get more budget later?

WM pre tax margins are going backwards from the 30% goal

Any opinions on the outgoing or incoming HR leaders?

Upon checking my earnings for the January 1-15 period, I saw I got an extra payment amount Does anybody know why ? it is not related to my 2024 bonus

Is ESPP (Employee Stock Purchase Plan) worth it? It has 10% discount, but we need to hold the stock for a period (at least one year I guess). I don’t think it worth the risk. Especially, considering future layoff, maybe it’s wise to not hold any MS... — read more 

Just curious how bonus is determined in the firm. There is no transparency on this. How much should employees expect each year? Does front office like traders earn significantly more than back office like IT and OPs. How much more is fair? — read more 

Anyone else has employer contribution line item on their Dec 30th and Dec 31st paychecks? What do these indicate? One is for the total ER credit cost and other one is II- Awards. First time of seeing these on payslips and want to understand meaning... — read more 

They are same or not?

Is anyone ever fired on communication day?

Seems like this year, at least 15% of "Delivers results with opportunity of improvement". What does it mean? and what will happen?

Open to rehiring and consider them equally to other candidates. Do not rehire these trash under any circumstances. Prefer not to rehire unless there are no other viable options. Prefer to rehire if they are equally qualified as other... — read more 

This is a generic discussion thread to capture comments about potential Morgan Stanley layoffs? Any chatter, news or rumors?

They have been able to recruit talents with the least possible costs, retain employees without having to increase their pay or to promote them, and provide support to managers in quieting employee protests.

I feel the working experience is getting worse this year. It seems doing the actual work worths nothing compared to politics playing. Career growth is slower and uncertainty. Getting more anxiety in office. Does everyone else have a similar feeling? — read more 

not sure if the Q4 has good performance, any thoughts about it

anybody heard that news about the re-org ?

P1-p4, new title, nothing related to performance,really?

Let’s face it. Covid is now showing its affect. Economy is in the toilet for the next while. MS is going to layoff thousands. They have no choice in this environment. Question: Will it be 2 evenly split cuts; one in September and one in... — read more 

If you think you will get Two weeks per year of employment as a severance, think again. There is a cap on the severance. Mgmt is not stupid even though they paid bonuses two weeks before layoffs in February!

Practice a 30 second opening explanation why you were laid off….margins, math equation, my mgr still supports me. Get it out of the way up front, Be gracious, “It was my privledge to work with so many talented people. It may hurt to say it but this... — read more 

heard the APAC bankers will be cut 80%. any one know this news?

project managers were nobody until James Gorman came in. He is essentially a McKinsey consultant by training. From then on presentation skills and networking ability are valued more than ethic and loyalty…

Anyone else heard about layoffs coming at Morgan Stanley end of April?

Hello, I wanted to see if anyone else got a notification for the H1B lottery selection at Morgan Stanley from Ogletree? or any other best platform/ chat you can recommend.

Anyone know if mortgages are affected in todays layoffs?

For those of us who'd really like to know what's going on with their former coworkers.

“Morgan Stanley plans to cut several hundred jobs in its wealth-management division as new Chief Executive Ted Pick seeks to rein in costs in an area that is critical to the Wall Street firm’s success but has shown signs of weakening lately. The... — read more 

Fishbowl app is saying layoffs coming in WM by end of February… would not make sense for them to let people off AFTER bonuses are paid, right?

https://www.datanami.com/2024/01/12/consumer-watchdog-report-wall-street-ai-could-cause-financial-crisis/

Earnings are not bad .. any impact after the release?

Anybody hear about that?

If you received a sub-5% raise this year, and are in a back office position with little-to-no transferable skills (bonus if you are

Be aware!

Share any updates you may have about Morgan Stanley layoffs? Any chatter, news or rumors?

He gave himself A- as CEO.