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Apr 24, 2006 5:57 pm

Is Morgan ok to work for? Any thoughts about why they are good or maybe why there are not? thanks

Apr 24, 2006 8:37 pm

Have you done a search?

Apr 25, 2006 8:55 am

I think it will be a much better place in a couple of years.  Their morale has improved, I've seen.

Apr 25, 2006 9:11 am
bjack73:

Is Morgan ok to work for? Any thoughts about why they are good or maybe why there are not? thanks




Are you talking about bringing a book or coming as a trainee?

Apr 25, 2006 9:26 am

mikebutler...i am talking about going over there as a trainee...

Apr 25, 2006 9:59 am
bjack73:

mikebutler...i am talking about going over there as a trainee...


That program has been completely revamped and the numbers of hires for it has been cut deeply. The firm is focusing on hiring producers from other firms. The firm’s in great shape, but I'm afraid there's not much I can tell you about the trainee program. I'm sure others here can.<?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />


Good luck.


Apr 30, 2006 12:56 pm

The trainee program is very good, but very demanding.  It's focused on managed money and you will get a CFP within 4 years of starting at the firm.  I agree that in a couple of years, this place will be top notch, the new managed money platforms are the best I've ever seen and it is improving every month.


If you are not going to be part of a team, then you have a tough road ahead.  You will be working 10+ hours a day if you want to make it, regardless of which firm you go with.  If you don't work that hard, you won't make it.

May 1, 2006 10:44 am

"The trainee program is very good, but very demanding"


Demanding???? If you bring in 3MM a year for 2 years you are considered a star... How is that demanding????

May 1, 2006 2:06 pm

Blarmston if you are claiming that Merrill has a more demanding trainee program you are crazy. 6 failed Morgan trainees have been terminated and subsequently hired by Merrill. Morgan and Merrill have very similar programs. I am with Morgan and have been heavily recruited by Merrill almost since I have been licensed. Seriously, get off your pedestal. All the wires are the same for brokers. For shareholders it's a different story.

May 1, 2006 2:19 pm

The standards are slightly different from place to place, though.  ML has a $15M floor at two years LOS.  SB and MS are lower (from my knowledge) with SB's being around $12M.

May 1, 2006 3:33 pm

I am familiar with ML's "minimums". However, the floor also includes liabilities and trainees aren't fired at two years, they enter a probationary period. The programs are all the same. I've been doing this long enough to understand that their is no difference between ML, SB, UBS, and MS. People leave one wire for another based on relationships with management and money. No more, no less. You should see some of the jokers ML hired in my area, unbelievable. The guys don't even belong at Ameriprise.

May 1, 2006 3:46 pm

I'm not saying that they are polar opposites, but you will find a few minor differences at one that will make a huge impact for them, respective to their business.

May 1, 2006 6:16 pm

Sorry if that post came off as arrogance, but the truth is that at MS the expectations are lower that SB and ML. I was in the final stage of nearly signing with MS, so I know that their expectations are approx 3-4M a year for the first 2 years. Something about in the 13th month if you have hit 3-4MM you get a larger percentage of the prior 12 months in "bonus" form.


Hey, I have good buddies at MS and even they agree that the expectation is less. MS is a good firm, sometimes I like to poke a little fun....