Wealth Mgmt Analyst (MS)

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Jun 15, 2006 1:15 pm

Hey...can anyone let me know if they have been through the wealth management analyst training program at morgan stanley. If so, please let me know the "ins and outs" of the program: what the job entails exactly, compensation, how it defers from being an advisor, etc. Thanks..

Jun 15, 2006 2:24 pm

Yes, can someone give some input on this position.  All the previous threads never managed to stay on course for long.

Jun 15, 2006 2:43 pm

I just accepted the Wealth Management Analyst position at MS…


Jun 15, 2006 11:21 pm

What type of position is it? Is it entry level? I am guessing it is like ML's investment analyst position? Thanks for the details...

Jun 15, 2006 11:59 pm

I went thru 3 interviews for the WMA position, then heard that the branch

manager got fired... bascially had to start over... In the mean time, i'm

interviewing for a similar position at SB.



From what I can tell, you basically work as a secretary while you get

liscensed. After that, as soon as you're ready, you go into the FA training

program...If the team liked you, you join it as an FA, if not, you're on your

own. If you don't want to be an FA, you either leave the firm, or become

an official registered assistant. Pay is 35-40 depending on the location

for the first year. You get full benefits and they pay for your liscencing

provided you pass.



I hope this helps.



~JB

Jun 16, 2006 1:53 am

thanks everybody!!!

Jun 16, 2006 7:39 am

I was told it is a year long position and you are placed on a
team.  You get your licenses and do research, submit investment
proposals, do the things the FA doesn't want to do.  You're not
responsible for bringing in clients.  At then end of the year you
either continue on with the team or go off and start in the FA training
program.

Jun 18, 2006 9:35 am

what is the starting salary?

Jun 18, 2006 8:48 pm

any idea on salary...

Jun 18, 2006 10:58 pm

35-40k

Jun 19, 2006 7:42 pm

So this is not like the Merrill POA program. You can go into this without the "sales" aspect of things? Am I reading this right? Is is basically like an assistant with a broader job description?

Jun 21, 2006 9:12 pm
Boomer:

So this is not like the Merrill POA program. You can go into this without the "sales" aspect of things? Am I reading this right? Is is basically like an assistant with a broader job description?


What is the Merrill POA program? Is it where you prospect for active FAs and then become part of their team down the line? Where do you seek out this poition? Thanks!