I'm graduating in 2020 and planning on pursuing a career in financial planning. … I really do love computers and IT but also have an interest for finance. The person who said you should eat your CFP before going through the program should know that you need 2-3 yrs experience before and that it costs $5,000+ for the courses and exam. in Business Administration with a concentration in Finance. As a global financial services firm, Morgan Stanley is committed to technological innovation. I hear of many people killing themselves for 80 hour weeks in the finance industry which wouldn't justify the increase in pay for me. Learn about Morgan Stanley culture, salaries, benefits, work-life balance, management, job security, and more. They also will sponsor you for your CFP, which isn’t chump change either. Since our founding in 1935, Morgan Stanley has consistently delivered first-class business in a first-class way. Research Magazine's 130 Top-Ranked Advisor Teams in America. Check out the WAA program. Passing rates are low and without a strong network and an FA / FA Team helping you and backing you while you get up and running you will be in trouble before phase 2. Specifically, we help you navigate complex regulatory issues and gain flexible access to your wealth. Let me know if you have questions. I've been with Morgan Stanley for the past nine months (Financial Advisor Associate Program) and will most likely wash out of the program due to not hitting the sales goals they require. As for the training, you’re going to be paid to learn. You are expected to bring in a lot of assets quickly, but at the same time, MS offers a lot of resources and can help bring those assets in. That was the advice that was given to me when I was becoming an advisor. When factoring in bonuses and additional compensation, a Financial Advisor Associate at Morgan Stanley can expect to make … The FAA Program is highly selective, and we accept only the top candidates. I really enjoy finance and trading the retail markets and I just graduated in 2015 with a b.s. Not to mention we are recently engaged and needing to save for a wedding. Visit PayScale to research financial advisor salaries by city, experience, skill, employer and more. The program is broken up into 3 phases as listed below, the various phases seem like Morgan Stanley has the infrastructure to help a young planner starting out his in his career. They expect you to fail out of the program. I have no student or personal debt and have thought about going back to school but not sure what I would study. The wealth … Thanks in advance. 55 comments. Only take that jobs as a last resort to have someone sponsor you for the finra tests. Apply to Financial Advisor, Director of Financial Planning and Analysis, Client Services Associate and more! Morgan Stanley is a leading global financial services firm providing investment banking, securities, wealth management and investment management services. And I’ll tell you, there absolutely is a lot of value you can bring to the table. I don't consider myself a sales person though I have tried it once with a Direct TV gig which was a horrible experience. I had to follow people around best buy and wait for an opportunity to approach them to try to get them to switch television service. You WILL be expected to bring in assets. Salaries posted anonymously by Morgan Stanley employees. Likely the classic wirehouse FADP program, I assume they’ll want to see you raise an exorbitant amount of capital on your own for your first three years, and if you can’t meet your goals, you’re out. Average Morgan Stanley Financial Advisor yearly pay in the United States is approximately $73,903, which is 9% above the national average. Morgan Stanley has an exceptionally large team of 15,712 wealth management representatives. (Originally Posted: 02/12/2014) Hey everyone, I've been interning at Morgan Stanley Wealth management for around 6 months doing mostly Client Service work and administrative tasks. WSO says Morgan Stanley pays an average base salary of $86k to its analysts, the second highest amount and on a par with Goldman Sachs. Financial Advisor Associate salaries at Morgan Stanley can range from $12,053 - $433,994. The average salary for Morgan Stanley employees is $87,243 per year. Just a bit unsure if making a jump to a STEM related field is worth it after studying business admin/finance. I tried to seek out some local banking opportunities but I would need to take a 50% paycut which is not feasible to me. 341 reviews from Morgan Stanley employees about working as a Financial Advisor at Morgan Stanley. I'm not exactly sure what I would do if this doesn't work out for me. Press question mark to learn the rest of the keyboard shortcuts. This thread is archived. I would avoid that program at all costs. Since our founding in 1935, Morgan Stanley has consistently delivered first-class business in a first-class way. The typical Morgan Stanley Director salary is $92,335. This estimate is based upon 250 Morgan Stanley Financial Advisor Associate salary report(s) provided by employees or estimated based upon statistical methods. Think of it as going to school, and if at any point you decide this career or Morgan Stanley isn’t worth it for you, just go somewhere else. The problem with me taking a pay cut is my SO just graduated this year as well and we wouldn't be able to make ends meet. I want to break into the finance industry but everywhere requires 2-5 years experience in financial services for entry level positions. seems like a much more reasonable trajectory. When factoring in bonuses and additional compensation, a Financial Advisor Associate at Morgan Stanley can expect to make an average … Very tough for new college grads in FAA without a team or existing book to work on. You probably imagine an office with big screen TVs live streaming CNBC, Bloomberg, or Fox Business, and you might think he's doing a … 94% Upvoted. I also had the initial pay cut but it's paying dividends now. Financial Advisor Associate salaries at Morgan Stanley can range from $12,060 - $89,896. Research Magazine's 130 Top-Ranked Advisor Teams in America. If you are applying for the position of a financial advisor, or to one of the Financial Advisor Training Programs, you will most likely be given two assessment tests: a reasoning test and a financial advisor assessment test. 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