Company details

New York, NY

HEADCOUNT

10000+

ORG TYPE

Corporate

SECTOR

Finance

WEBSITE

https://www.morganstanley.com/

About the company

Morgan Stanley is a global financial services firm offering investment banking, sales and trading, wealth management, and investment management. Morgan Stanley works with corporations, governments, institutions, and individuals to raise capital, manage investments, and run financial strategies. The company also operates a large wealth management business serving individual clients and financial advisors. Morgan Stanley has expanded through major acquisitions in wealth and investment management and now runs across public and private markets.

Locations and presence

Morgan Stanley is headquartered in New York and runs offices across the Americas, Europe, the Middle East and Africa, Asia-Pacific, and Japan. Public careers pages list locations and teams globally, but do not set out a single, firmwide statement on on-site, hybrid, or remote expectations for early-career roles.

Palpable Score

75.6

/ 100

Morgan Stanley provides multiple ways in for students and new graduates, including large seasonal internship funnels plus structured development programmes in wealth management and branch operations. Morgan Stanley also publishes clearer hiring stages for some early-career tracks than most large banks, and backs early careers with training and benefits. Outcomes are mixed in public signals: there are credible stories of intern-to-full-time conversion and progression, alongside widely reported firmwide layoffs and limited published data on early-career retention or conversion rates.

Pillar 1: Early-career access

Score

17.9

/ 20

The company runs a dedicated Students & Graduates hub that funnels candidates into internships and graduate opportunities rather than leaving junior hiring to scattered business-unit pages.

Morgan Stanley lists early-career opportunities through a central search that can be filtered by “Intern” and “Full-Time,” and the same system also routes candidates to early-career recruiting events.

The company offers multiple structured entry programmes beyond internships, including the two-year Branch Analyst Program with rotations and the 36-month Financial Advisor Associate Program aimed at training new advisors.

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Pillar 2: Hiring fairness and transparency

Score

13.9

/ 20

The company publishes a step-by-step hiring process for some early-career roles, such as the Private Wealth Advisor Associate Program, including online assessments, a phone screen, a digital interview, face-to-face interviews, and a business plan exercise.

Morgan Stanley provides candidate-facing guidance through Students & Graduates resources such as interview preparation and video-interview tips, which helps applicants understand the style of evaluation.

The company offers an explicit accommodations contact route for applicants who need support during the application or interview process, but public materials do not set clear timelines by stage or commit to providing feedback.

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Pillar 3: Learning and support

Score

15.9

/ 20

The company describes division-led training for university joiners that includes classroom, small-group, and one-on-one training sessions, with some divisions also using rotations.

Morgan Stanley outlines learning support in benefits materials, including mentorship from day one, tuition and licensing reimbursement, and access to online courses and professional resources.

The company runs structured training-heavy early-career tracks in Wealth Management, including a three-year Financial Advisor Associate Program with national instructor-led training, local branch-led training, regional coaching, and web-based training.

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Pillar 4: Pay fairness and stability

Score

16.0

/ 20

The company publishes pay ranges on some early-career roles, such as the Private Wealth Advisor Associate Program and Financial Advisor Associate Program roles, and those pages also state eligibility for incentive compensation.

Morgan Stanley lists a broad benefits package on early-career Wealth Management roles, including medical and insurance coverage, paid time off (including parental leave and vacation), holidays, and retirement benefits.

The company’s pay transparency is uneven across early-career tracks because many internships and analyst programme postings route candidates through search and application portals without consistently visible salary ranges.

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Pillar 5: Early-career outcomes

Score

11.9

/ 20

The company publishes career stories where early-career hires describe receiving full-time offers after the Summer Analyst Program and then moving through rotations and promotions (including progression from analyst to associate).

Morgan Stanley describes defined “end states” for some early-career programmes, such as Financial Advisor Associates becoming fully prepared to join the Financial Advisor workforce after the 36-month programme, with examples of onward opportunities into management tracks.

The company has been reported to run sizeable firmwide layoffs in recent cycles, and Morgan Stanley does not publish intern conversion rates, early-tenure attrition, or time-to-promotion metrics that would let candidates judge typical early-career outcomes at scale.

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