Wealth Management Trainee

Business Overview: 

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, and individuals from more than 1,200 offices in 43 countries. As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence, and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture. 

Position Overview: 

The Wealth Management VEA Training Program is designed to give you firsthand experience working with the top financial advisors (FAs) in the industry at a leading global financial institution. You may rotate through several key areas of business development such as digital marketing/communication, and financial planning. The goal of the program is to give you a strong foundation in the systems/tools, business areas, and skills that are necessary for an enduring and promising career at the Firm either in the corporate home office, supporting FAs, or as an FA!

The length of the program enables you to earn your licenses, gain additional professional designations, network, and capture valuable experience working with different FAs to understand how they run their practice. The insight you will gain is unique and if successful, will propel you into a fruitful career at Morgan Stanley.

The Experience You Could Gain:

The Morgan Stanley Wealth Management VEA Training Program consists of rigorous licensing followed by training and assessments designed to ensure you are fully prepared to be successful in the program. Experiences you may have:

• Set up and execute digital marketing strategies for FAs across multiple social media platforms and their website

• Curate marketing campaigns targeting segments of an FAs business to drive engagement

• Identify opportunities analyzing client relationships and providing tactical recommendations to help FAs better support their clients

• Leverage the Firm’s proprietary financial planning resources while partnering with experienced FAs to support their clients and the adoption of Goals Based Wealth Management strategies

• Work with clients and gather information to build, analyze, and present plans in a thoughtful and effective manner

• Generate and present reports to FAs highlighting areas of opportunity and improvement in your strategy to grow their business

• Regularly participate in meetings with management to share best practices and areas of opportunity

Benefits You Could Take Advantage Of:

• Competitive base salary, and a wide range of benefits including paid time off, savings programs, health care, insurance plans, student loan refinancing, fitness subsidy, and more

• Access to 401(k) offering with competitive Firm matching as well as access to the Morgan Stanley Employee Stock Purchase Program 

• Obtain Series 7, 63, and 65 licenses in addition to the Financial Planning Specialist (FPS) designation. Support for additional professional designations consists of, but are not limited to, the CFP and the CFA

• Develop a robust understanding of the financial services industry through the lens of 1 of the world’s leading financial institutions 

• Access an immersive learning experience that incorporates financial product education, platform navigation along with professional development 

The Skills/Experience/Qualifications You’ll Need:

We seek motivated candidates from diverse academic backgrounds with a heightened interest in financial services. Successful analysts have a unique blend of strong interpersonal communication skills, a solid professional presence, and numerical aptitude.

Specific qualifications include: 

• A bachelor’s degree with a proven track record of academic success. Prior professional experience would be an asset but not required

• Securities Industry Essentials (SIE) exam completed prior to interviewing for the program in addition to Firm sponsorship of the Series 7 and 63 exams within a specific timeframe

• Strong written and verbal communication, client, and interpersonal skills

• Ability to learn quickly and adopt new technologies

• Extraordinarily high level of motivation and commitment to working hard and staying organized in a competitive, fast-paced environment

• Ability to balance multiple priorities under pressure and time constraints

• Authorization to work in the U.S. without durational restrictions 

• Successful completion of background check and pre-employment assessments 

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work.

Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.

It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).