Morgan Stanley or well-known financial companies

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Feb 7, 2009 1:50 am

Any tips on how to get an interview at Morgan Stanley or any other well-known financial companies?
I'm a new college grad and have experience in Insurance but i'm seeking experience within the financial sector.

Feb 7, 2009 1:58 am

How would you go about getting any other job?

Feb 7, 2009 2:02 am

I mean I've been sending out my resume but calls. I'm thinking it's because I don't have the experiences that they want.

Feb 7, 2009 10:49 am

You don't know until you ask. 

Feb 7, 2009 7:54 pm

What do you mean?

Feb 7, 2009 9:18 pm

You'll never get business if you don't ask for it. 

Feb 7, 2009 10:32 pm

My experience, as a current aspiring FA, is most of the financial companies have at least temporarily shut down their training pipelines.  So don't get discouraged if they don't want to talk to you right now.

However, Iceco1d is correct.  The branch managers are the key to the business.  And right now, if you show up at their door, they will probably talk to you just to get their minds off of the ugliness of the brokerage world.
Feb 7, 2009 10:39 pm

Cate, Your timing is rough.  A lot of these companies are laying off the trainees.  I would consider trying to get into a bank program as it is the easiest way to build a book.  Walk into all your local bank branches and ask to speak to the investment rep.  Tell them what your thinking of doing ask if they would give your resume to their manager.  Most places offer a bonus for new hires, so most will be willing to help.  good luck!

Feb 7, 2009 10:59 pm

Thanks for all the advice.  

Feb 10, 2009 9:52 pm

Agree with all of what was said, the 4 majors left are not really hiring. But if you guy into a branch and ask to see the manager with your resume they will prob give you 10 minutes. Be prepared for a no, but the hiring will start again so ask them to hang on to your resume.

Feb 10, 2009 10:04 pm

From everyone I've spoken to, they all pretty much have a hiring freeze through 2009. 

Feb 11, 2009 8:16 am

It seems like companies are hiring trainees and laying off old workers.  I guess it's a way to cut cost.  For example, a friend at Morgan Stanley told me that they're hiring almost everyday but at the same time laying off people.  Are you aware of such trend?

Feb 11, 2009 8:40 pm
cate2011:

It seems like companies are hiring trainees and laying off old workers.  I guess it's a way to cut cost.  For example, a friend at Morgan Stanley told me that they're hiring almost everyday but at the same time laying off people.  Are you aware of such trend?



MS isn't looking to fill a 2009 class, they've topped off the tank. Earliest I've heard they'd consider filling a new class is 2010.