They aren’t buying homes, they prefer cities, they invest in experiences rather than things, they text a lot, they have an affinity for avocado toast.
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We’ve been reading millennial trend pieces for years now, and while some of these generalizations are just about selfies, others point to big shifts in how a whole generation operates in society. One popular refrain in these demographic-focused articles is that millennials tend to distrust big institutions.
In an age of innovative “disruptors” shaking up how we travel, how we eat, how we communicate, and how we work — office ping pong, anyone? — businesses that have been around for a while can seem, well, stuffy. Finance in particular, for people without experience in it, might conjure vague ideas of suits, time spent crunching numbers, and long, cigar-scented days. As it turns out, the young cohort of employees at Morgan Stanley doesn’t fit that single-minded finance stereotype any more than every millennial lives on avocado toast.
For this video, we asked the team at Morgan Stanley to lay out the biggest misconceptions about finance (and to set the record straight). For many of them, working at Morgan Stanley started with a stint as a summer analyst and turned into a constantly-evolving career thanks to mentors, friends, hard work, and inspiration. This is what they said about their experiences, about what defied their expectations, and about what advice they would give to people considering a job at the firm.