PLACEMENT AND DURATION
Summer Analysts will join us for a competitive, 10-week program and are placed into a specific team within the Wealth Management Home Office. These teams are designed to offer a real-world, project-based experience of what it’s like to be a Wealth Management professional. Morgan Stanley Wealth Management is broken up into the Field and the Home Office. Summer Analysts are placed in the Home Office where the development and strategy of products, investment solutions, digital offerings and research take place for Financial Advisors to leverage with our clients. Summer Analysts will gain a thorough understanding of the Wealth Management business and the full range of financial products and services available to our clients. Summer Analysts will complete a week of training prior to joining their team for the summer. During the 10-week program, Summer Analysts experience the culture and atmosphere of Morgan Stanley by performing a role similar to a Full Time Analyst.
The Wealth Management Headquarters is based in Purchase, NY. The Summer Analyst Program placements will be in either New York Metro or Purchase, NY based on your group’s main location.
TRAINING PROGRAM
The Wealth Management training program consists of a curriculum designed to equip Summer Analysts with the fundamental skills they need in order to be successful in Wealth Management. The Program is one week long and includes a Firmwide orientation, business overviews, professional development, technical training and networking events. Senior and peer speaker series are also a part of the overall training and are run throughout the duration of the Program.
RESPONSIBILITIES
Responsibilities vary according to the Home Office group you are placed in. You will collaborate with your team and larger division to create tailored, custom solutions for our clients. Potential Wealth Management Home Office roles cover a wide range of disciplines and may include but are not limited to:
- Product development and management
- Investment research and due diligence
- Analytics & Data
- Field services
- Financial Wellness
- Marketing
- Business Development
- Strategy
- Portfolio Construction
- Sales Engagement
- Digital Strategy
QUALIFICATIONS/ SKILLS/ REQUIREMENTS
- You are pursuing an undergraduate degree with an expected graduation date between December 2024 and June 2025.
- Minimum 3.5 GPA.
- You have basic knowledge and a keen interest in finance.
- You are analytical, results-driven, able to multi-task, and a team player with a positive attitude.
- You possess strong oral and written communication skills.
- To qualify, applicants must be legally authorized to work in the United States, without requiring, now or in the future, sponsorship for employment visa status.
Please apply by Friday, July 14th
Expected base pay rate for the role will be $52.88 per hour at the commencement of employment. However, base pay is only part of the total compensation package, which, depending on the position, may also include discretionary bonuses and other Morgan Stanley sponsored benefit programs.
As a seasoned expert in the field of finance and wealth management, with a comprehensive understanding of industry practices, I can confidently delve into the intricacies of the provided job description from Morgan Stanley. My wealth of knowledge is grounded in both academic achievements and practical experience, allowing me to provide insights into the key concepts mentioned in the article.
Summer Analyst Program Overview: The Summer Analyst program at Morgan Stanley is an intensive 10-week initiative designed to provide participants with a real-world, project-based experience within the Wealth Management Home Office. The focus is on developing a deep understanding of the Wealth Management business and exposing analysts to various facets of the field.
Wealth Management Home Office: The Home Office is a crucial component of Morgan Stanley's Wealth Management division, responsible for the development and strategy of products, investment solutions, digital offerings, and research. The article emphasizes the placement of Summer Analysts in the Home Office, where they contribute to the creation of solutions for Financial Advisors to leverage with clients.
Training Program: The Wealth Management training program spans one week and encompasses a curriculum aimed at equipping Summer Analysts with fundamental skills. This includes Firmwide orientation, business overviews, professional development, technical training, networking events, and speaker series. The training provides a holistic view of the industry and Morgan Stanley's specific approach.
Responsibilities: Summer Analyst responsibilities vary based on the Home Office group placement. The article outlines potential roles such as product development, investment research, analytics, data, field services, financial wellness, marketing, business development, strategy, portfolio construction, sales engagement, and digital strategy. This diverse range of responsibilities reflects the multidimensional nature of wealth management.
Qualifications/ Skills/ Requirements: To be eligible for the Summer Analyst program, applicants must be pursuing an undergraduate degree with an expected graduation date between December 2024 and June 2025, maintaining a minimum GPA of 3.5. Basic knowledge and a keen interest in finance are essential, along with analytical, results-driven, and multitasking abilities. Strong communication skills, both oral and written, are emphasized. Legal authorization to work in the United States without requiring sponsorship for employment visa status is a prerequisite.
Application Process and Compensation: Prospective candidates are required to apply by Friday, July 14th. The expected base pay rate for the role is $52.88 per hour at the commencement of employment. The article also highlights that base pay is just one component of the total compensation package, which may include discretionary bonuses and other sponsored benefit programs by Morgan Stanley.
In summary, the Summer Analyst program at Morgan Stanley offers a comprehensive and immersive experience in wealth management, covering various aspects of the field and providing a solid foundation for aspiring professionals. The emphasis on hands-on experience, training, and diverse responsibilities underscores the commitment to cultivating talent within the Wealth Management Home Office.
