Morgan Stanley

Headquarters: 1585 Broadway
New York, NY 10036
Employees: 61,899
CEO: James Gorman
Website: http://www.morganstanley.com
Stock Symbol: MS

Career Page

Morgan Stanley is one of the world's top financial services companies. It is a leader in investment banking, private wealth management, bond and stock trading.

Morgan Stanley specializes in Initial Public Offerings, Mergers & Acquisitions and serving as financial advisors to major corporations. It has over 1,300 offices in 42 countries.

For 2011, Morgan Stanley reported revenues of $32.4 billion, up 3% from the previous year. Net income was $4.2 billion. Compensation expenses for the year were $16.4 billion, up slightly from $16 billion a year ago.

There were 17,157 Global representatives in the company's Global Wealth Management Group in 2011 with average revenue of $726,000 each.

Morgan Stanley appointed 210 new managing directors in January.

The company reportedly trimmed bonuses by 20-30% for senior bankers and traders and capped cash bonuses at $125,000.

Morgan Stanley headquarters are located in Times Square in NYC.

History

In 1935, Henry Morgan, Harold Stanley and others left JP Morgan & Co. and Drexel & Co. to form investment banking firm Morgan Stanley. In its first full year, the firm achieved 24% market share of public stock offerings. In 1941, Morgan Stanley joins the New York Stock Exchange and entered the brokerage business.

In 1964, the company created the first computer model for performing financial analysis. In 1967, a Paris division was opened to pursue the growing European securities market.

Morgan Stanley would establish a real estate financing division in 1967 and created a Mergers and Acquisitions division in 1971.

Morgan Stanley merged with Dean Witter, Discover & Co. in 1997 to form a dominant force in securities and asset management.

The company spun off the Discover Card business in an IPO in 2007.

The company converted into a bank holding company in September 2008 following the financial crisis that year which allowed it to accept deposits from customers and access to funding from the Federal Reserve.

Benefits

Employees receive health, dental and vision plans. Up to 5 weeks of vacation is available for new employees.

The company also provides life insurance, travel and accident insurance, employee stock purchase plan and optional 401(k). Fitness centers also available at some locations.