MSSB FAA Program vs WAA Program

1 reply [Last post]
greedisgood's picture
Joined: 2014-04-28

New to this industry and am trying to decide bewteen Morgan Stanley's WAA program and the FAA program.  I have been told the WAA adds one year on the front end doing financial planning for teams and accounts.  Is it worth it?
I would appreciate any input on this from individuals who have gone through either program or know the pros/cons of each.  
Thank you!

Paranoid Android's picture
Joined: 2013-09-26

IMO the WAA program is the best training on the street. Gets you in the office for a significant time before you even need to produce, teaches you the ins and outs of creating a financial plan, you work directly with advisors and their clients, which also helps you find advisors you may potentialyl want to partner with or groups you want to join. You also have 6 months of production before you're held to the clock, which is a HUUGE head start over the guys going regular FAA.

This is coming from a guy who didn't do WAA, but it's a great win win situation for everyone. Only con of the program IMO is that you have to wait a bit before you can start producing.

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