What: A bank that offers consumer services and has been expanding aggressively into wealth management (with $2 trillion in assets under management) as trading revenues dwindle.
Morgan Stanley CEO James Gorman emphasized the need to have a management team ready to manage the next financial crisis, according to comments he made at the DealBook Conference last November.
He said the bank takes a long-term view in hiring and promoting employees. "It's like the plenary going on in China. We have our own mini plenary around talent in 5, 10 and 15 years. So I look at the organization charts and ask, who, 10 years from now, could be in a senior role? What do we need to do to start moving them around to get them with the right toolset?”
Perks: Workers are encouraged to dress more comfortably, and receive more qualitative and frequent feedback. And vice presidents get four-week paid sabbaticals.
Overall ranking: 40 (Source: LinkedIn)