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There are newer employer reviews for Morgan Stanley

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Helpful (1)

Great learning experience but with high expectations and very little support

  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Financial Advisor Trainee
Current Employee - Financial Advisor Trainee

I have been working at Morgan Stanley full-time (More than a year)

Recommends
Positive Outlook
Approves of CEO
Recommends
Positive Outlook
Approves of CEO

Pros

-Compensation for study time to focus 100% on series 7, series 66, insurance
-Training sessions at Headquarters in NY and encouragement to connect with successful FA's
-Attempts to build in weekly training sessions at the branch level

Cons

-Position is currently built for older, experienced individuals to succeed. Without an established affluent network, it's difficult to meet the requirements under the given timeline
-Very little opportunity for partnering if you weren't hired for a specific group
-Sink or Swim mentality

Advice to Management

The way the current FAA program is set up, the firm spends a substantial amount of money training individuals to succeed at different firms. It's rare for younger individuals to have an established affluent network, and building one takes time. Compound that with a lack of experience in the investment industry and young FAA's start to hit their stride just about the time they get let go. What's missing is a strong mentorship program. Young FAAs need successful models from whom they can learn effective habits - it's not effective just to provide info. Much of the ramp up time is wasted figuring out effective practices. My suggestion would be to redefine "partnerships" so that established FA's looking to take the next step can take on an FAA as a jr partner without it affecting their compensation and making it an established practice for the majority of new hires. The military follows the "watch one, do one, teach one" model, I think it would be a far more effective use of capital to have an older FA as a consistent resource to a new advisor. It would also build in better day-to-day accountability.

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  1. VP

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY

    I have been working at Morgan Stanley full-time (More than 8 years)

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    Great Firm, Great Culture, Good opportunities to learn and grow

    Cons

    Top heavy. Poor Compensation. Mobility is limited.

    Advice to Management

    Keep the culture. Reduce the heirarchy.


  2. Associate

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advising Associate in Pittsburgh, PA
    Current Employee - Financial Advising Associate in Pittsburgh, PA

    I have been working at Morgan Stanley full-time (More than 3 years)

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    Great company to start working if you are straight out of college! Great atmosphere, friendly people!

    Cons

    Management needs to pay attention to the needs of new employees especially new producers at the Financial Advisory end!

    Advice to Management

    Revise training program. Ensure that employees going through the STC training have a minimum of 6 weeks to train.


There are newer employer reviews for Morgan Stanley
There are newer employer reviews for Morgan Stanley

See Most Recent

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