Strategy

Here's What You Can Earn Working At Morgan Stanley

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Morgan Stanley brought in $8.9 billion in Q3 of this year. Here's a look into how much of that dough reaches employees.  Spencer Platt/Getty Images

It's hard to get your foot in the door of Morgan Stanley, the bank that pulled in $8.9 billion in revenue in the third quarter of 2014. 

Landing a spot in its summer internship program is near impossible: 90,000 people applied to the gig this year, but only 1,000 were accepted, making for a 1.1% acceptance rate

But if you do make it in, you're going to get paid. Case in point: Its junior bankers received a 25% raise over the summer.

To figure out just how much Morgan Stanley employees make, we looked through self-reported salary and bonus numbers on Glassdoor, the job reviewing site. 

As is characteristic of Wall Street firms, Morgan Stanley has some outrageous bonuses.

Of those self-reported to Glassdoor, the Investment Banking Associate position stands out — while the base salary is a solid $111,801, the annual compensation jumps up to $233,446 after bonuses.

Here's the combined compensation — annual salary and bonus — for 15 positions at Morgan Stanley, in ascending order: 

1. Financial Advisor Associate: $65,683
2. Financial Analyst: $85,120
3. Associate: $134,766
4. Vice President — Operations: $132,256
5. Research Associate: $152,011
6. IT Senior Associate: $154,208
7. Senior Software Developer: $165,777
8. Equity Research Associate: $168,226
9. Vice President — IT: $169,477
10. Trading Associate: $173,398
11. Vice President: $201,290
12. Executive Director — IT: $221,235
13. Investment Banking Associate: $233,446
14. Executive Director: $323,854
15. Managing Director: $744,817 
 

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Drake Baer was Business Insider's editor-at-large, working across the newsroom to help produce ambitious journalism. For two and a half years before that, Baer served as deputy editor, overseeing a team of 20+ reporters and editors who cover the future of work, real estate, and small business. The fast-paced team was behind some of Insider's major packages in the last few years, including a state-by-state look into unemployment during the first year of the pandemic and in-depth profiles of "niche famous" characters such as real estate media tycoon Brandon Turner and HR icon Johnny C Taylor. They shed new light on big names, like Joe Biden, America's imperfect leader. He also cultivated thesis-oriented ideas journalism, whether it be on why "'diversity' and 'inclusion' are the emptiest words in corporate America" or why it's actually a horrible time to buy a house. (No, really, it is.) Before editing, his byline as a reporter was on the masthead for Fast Company and New York Magazine, covering the many intersections of social science, business, and economics. Baer has interviewed some our time's leading minds, including philanthropist Bill Gates, FiveThirtyEight founder Nate Silver, NBA champion and investor Steph Curry, "growth mindset" psychologist Carol Dweck, the rapper Q-Tip, Nobel laureate Daniel Kahneman, and the man who gave a name to "disruptive innovation," the late Clay Christensen.Baer has published two books, the most recent being Perception: How Our Bodies Shape Our Minds, with Dennis Proffitt. In 2014, New York Times bestselling author and Wharton professor Adam Grant highlighted his first book, Everything Connects, as one of the 12 business books to read that year. He has been featured as a speaker at the Aspen Ideas Festival, presented at TedX Princeton, and moderated many panels.