Morgan Stanley Hungary has been selected as one of the top 30 most attractive employers in the country to start a career, as ranked in a survey of more than 200 companies by Hewitt Associates.
The Hewitt results are based on a survey completed by 36,000 graduates and job-seekers. These results were combined with a survey of the companies' services, values and offers to new graduates.
Survey participants viewed the Morgan Stanley brand positively and said the Firm provided excellent learning and development programs, career opportunities and talent management systems.
The Firm also ranked in the top three for the "shared services center" sector, which is notable because Morgan Stanley set up operations in Hungary recently, when many of the other companies in the top 30 have had a much longer presence in the country.
Morgan Stanley established its presence in Hungary when it set up the Mathematical Modeling Centre in Budapest to provide quantitative analysis to support the Firm's global fixed income trading business in 2005. The decision to locate the centre in Budapest was based on the outstanding mathematical traditions in Hungary and availability of high-quality talent.
In July 2006, Morgan Stanley furthered its presence in the region by opening the Business Services and Technology Centre in Budapest to support its global business activities in North America, Europe and Asia. The office is located on the Danube in the new state-of-the-art Millennium City Centre and provides support across a variety of services, including Information Technology, Mathematical Modeling, Model Review, Financial Control, Risk Management and Institutional Securities Documentation.
Employer branding and strong university relations, in particular, have always been crucial to recruitment in Budapest, and these efforts are key to achieving excellent results.
The Budapest team is committed to increasing brand awareness and positioning Morgan Stanley as a great place to work in Hungary. Partnerships with key universities have provided opportunities for students and new graduates to work at Morgan Stanley. The Firm has sponsored a number of professional initiatives within the academic community in Hungary, as well.
The award ceremony was held by Hewitt Associates in cooperation with FIGYELO (a leading Hungarian weekly business journal) on March 24, 2010. The research was the subject of a front-page article in FIGYELO, which included many other interesting statistics and results of the research, such as salary expectations, attractiveness of sectors and shortage of talent in various sectors.