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.
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The 2-year Virtual Engagement Associate (VEA) Program is the launching pad for a career at Morgan Stanley. Throughout the program, VEAs provide support to Financial Advisors (FAs) and Teams who aspire to modernize their practice and strengthen client relationships in a manner that leads to business growth.
Planning VEAs provide dedicated support to FAs by enhancing their financial planning process to produce authentic financial plans by leveraging Morgan Stanley's proprietary Goals-Based Planning System.
Position Overview
This program is an in-person role that provides an exciting opportunity for recent graduates to:
- Obtain the Securities Industry Essentials (SIE) Exam (prior to joining the Firm), in addition to firm sponsorship of the Series 7 and Series 63 exams within the first 90 days of employment
- Gain firsthand experience consulting and working directly with FAs and their teams, learning about their business model, practice management, and working with their clients
- Navigate and master Morgan Stanley's state-of-the-art digital Modern Wealth Management Tools
The Experience You'll Gain
The Morgan Stanley VEA program is a two-phase program, consisting of a rigorous licensing phase, followed by training and assessments, which are designed to ensure that you are fully prepared to take your place on the desk.
Upon completion of this program, you will be able to:
- Adapt communication styles to adhere to a diverse array of people and situations and drive opportunities
- Develop and share new ideas to attract and retain clients and contribute to the future growth of the business
- Demonstrate empathy and help advisors with their financial planning process, creating an exceptional client experience in a fast-paced environment
- In depth understanding of investments and financial markets, through trainings and on the job learning
- Strive for excellence in your role and work with your manager to prepare for future career advancements that align with your goals as a professional
A Typical Workday as a Planning VEA:
- Create and maintain a repeatable, scalable, high quality planning process for FAs
- Drive adoption of Goals Based Wealth Management strategy with FAs
- Become highly proficient in the Firm's financial planning tools while working with FAs to enhance client relationships and grow their business
- Engage clients directly to gather information to build, analyze, and present goals-based plans in a thoughtful and effective manner upholding Modern Wealth Standard of Care
- Identify opportunities by proactively analyzing client relationships. Identify and recommend opportunities to FAs that will enrich the client experience
- Regularly participate in meetings with management to share best practices, planning wins and areas of improvement
- Establish, maintain, and support strong working relationships with FAs; demonstrate accountability and a strong work ethic to promote confidence and trust in their work
- Seek constructive feedback and be open to coaching from both your Team Manager and FAs
Benefits of being a Planning VEA
- Develop a robust understanding of the financial services industry and gain insight into one of the world's leading financial institutions
- Invest in your career with a top tier learning experience. Learn from a blended approach that incorporates eLearning modules, live sessions, job shadowing, on the job activities in addition to review sessions. Topics include financial product education, platform navigation along with professional development
- Obtain Series 7, and Series 63 licenses paid for by Morgan Stanley
- Benefit from a competitive base salary and a wide range of additional 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
Skills You Bring
We seek candidates from a variety of academic backgrounds who have a heightened interest in financial planning. Successful VEAs have a unique blend of interpersonal and analytic skills that will be leveraged to build relationships.
Specific Qualifications Include:
- Must hold a bachelor's degree, professional experience in finance, business development, management, marketing, sales, legal, accounting, education, military, or other business-related field preferred, but open to all majors
- Must have the Securities Industry Essentials (SIE) exam prior to interviewing for this position in addition to Firm sponsorship of the Series 7 and Series 63 exams within the first 90 days of employment
- Exemplary communication, presentation, problem solving, and time-management skills
- Organized, focused, and highly disciplined
- Ability to prioritize assignments based on the needs of assigned FAs
- Authorization to work in the U.S. without durational restrictions
- Successful completion of background check and pre-employment assessments
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).
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 85 years. At our foundation are five core values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. We Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. 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.
We're committed to bringing passion and customer focus to the business.
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).