Morgan Stanley - Great learning experience but with high expectations and very little support | Glassdoor
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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"

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Financial Advisor Trainee
Current Employee - Financial Advisor Trainee
Recommends
Positive Outlook
Approves of CEO

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

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.

Other Employee Reviews for Morgan Stanley

  1. "Financial Analyst Intern"

    Star Star Star Star Star
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Comprehensive exposure to all branches of finance

    Cons

    Virtually no possibility of converting to full-time position


  2. "secretary"

    Star Star Star Star Star
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

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

    Pros

    good job of doing what they do

    Cons

    bad job of doing other things

    Advice to Management

    do better with the stuff you do


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

See Most Recent

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