Hi, I have an offer from Morgan Stanley in London and wanted to compare few things with my current firm before I make a decision.

1) Key Benefits: eg. paid holidays, parental leaves, insurance, tuition fee reimbursement etc

2) Structure: can I understand whats the hierarchy (e.g is VP and executive director a same position/ at same level)

3) Work culture and team environment ; do understand it largely depends on your team but still some sense will be helpful.

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I don't work at MS, but I do work in finance in London. Point 1: all of these key benefits are part of the compensation package. You should ask for a breakdown of them with the offer as they are very important, and they could differ from contacts issued previously. There's a big difference between 20 vs 40 days paid leave, or 3/12m parental leave when working out how much you're actually getting paid. Similarly ask about pension contributions - some companies offer 3% and some offer 25% in addition to salary so it's a big pay cut if you're having to take a chunk out of your take home pay to plan for retirement. When doing this I'd be careful with the wording - you don't want to make it seem like you're planning to immediately take parental leave but if you phrase it as 'you want a sustainable career and growth at the company so benefits such as pension and parental leave are important if and when you may need them in the future' they will understand. I've never heard of any big bank in the UK doing tuition fee reimbursement, but signing bonuses that could contribute to that could be negotiated.

2. I was interested by this point. UK finance structure in my experience is analyst > associate or assistant vice president > vice president > director > managing director (then partner if you're at Goldman Sachs). A quick google gave a MS website jargon buster post VP: Abbreviation for Vice President, a midlevel member of Morgan Stanley who reports into an Executive Director or Managing Director and manages more junior employees on a day-to-day basis.

3. People I know who've worked there (ECM) said it was very typical of hard US bank culture, at least for juniors. Long hours and intense. Like you say that's just typical of investment banking. It will depend on the team and also you're starting point in terms of what's normal for you

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