Wealth Mgmt Analyst (MS)
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..
From what I hear, it's kind of like being a junior advisor. You join a team of advisors who focus primarily on high net worth households. You learn from them, do some grunt work, etc. You get a salary, but I don't know about commissions.
It's a good program if you are part of a team who is really wanting another member for the long haul.
to me, it’s just a way to give Chairman Club producers hungry help that they do not have to pay for.
[quote=frumhere]to me, it's just a way to give Chairman Club producers hungry help that they do not have to pay for.[/quote]
There may be something to that. OTOH I think it's probably more an admission that you can no longer afford the low survival rate of a process that gets people through the exams, gives them some sales and organizational training and sets them loose with a phone and phone book. Today margins are too small, DNC lists too long, and the training costs too high to continue to use a methodology that worked when B shares and big commissions gave newbies some breathing room.<?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
[quote=frumhere]to me, it’s just a way to give Chairman Club producers hungry help that they do not have to pay for.[/quote]
From the little I know about this position, Morgan Stanley doesn’t pay
you for this position. The advisor/wealth manager you are working