That is interesting. My son applied to both Morgan Stanley and Smith Barney in January. Was offered a job by Smith Barney (Southwest Region) in June, got the MSSB rejection e-mail from a Morgan address two days before his start date at Smith Barney. Never even got a chance to talk to anyone one at Morgan, and e-mail came 6 months later?

Did he start with Smith Barney yet and has he attended the training in Warren, NJ?

The offer letter is in the mail according to my recruiter at MSSB, i sit and wait by the mailbox, hopefully it comes this week. 

He started in June...and I believe Warren is scheduled later this Fall, but I am not sure as he is three states away from my office.

Hmmm…renewed interest in the wirehouses?

It is time to start programs back up. By the time the newbs get trained and up and going, it should be the end of most negative news and time for positive growth.

Does anybody know how long this process takes?  I think I’m in the home stretch - have faxed in numerous sets of paperwork and met at the office twice.  Meeting set for this Friday with Branch Manager to discuss Business Plan.  I’ve been in the hiring process going on 4 weeks now.  How long did it take to get the offer for other folks on the board?

Last year, I interviewed with MS for 7 weeks; and 3 times they said they would give me my offer amount, only to say they were still working on it. 

Personally, I am just starting the process.  I put in my application and resume’ well over a month ago, and received a call with initial telephone questioning/screening today.  I have an interview at the office shortly, but imagine that is make sure my face isn’t tattooed or that I have multiple, visible piercings.

It was exactly two weeks from my first interview with MSSB to my formal written offer.  My start date was one week after that.

They can move pretty quickly if they are motivated.

Hows it goin so far MBA? Are you in love? Is it everything you dreamed of and more?

yess but the question is how do you go about getting motivated…sad thing is i cant wait for this monday to be over

I would love to chat with anyone about their offer to work at MSSB.  I am in the process of expecting an offer soon, and don’t know what to expect.  Anyone want to chat about what was in their offer?

What is the process like now? I applied online and 15 minutes later I had a call on my cell asking me to call(from the branch manager). Is this customary? Or is this because I already have licenses and I won’t have to go through that?

[quote=svm21]
Hows it going so far MBA? Are you in love? Is it everything you dreamed of and more?

[/quote]

I have to say I am loving it do far.  I have a great office.  There are a couple big teams that manage a couple hundred million… quite impressive… and the FA’s are very friendly, but busy.  The other new FA’s in the office are kinda depressing.  They probably only put in 45 hours or so per week, yet complain how hard the job is.

I pretty much stick to my studies most of the day.  I am usually ahead, so I spend some time working on my marketing plan, scouring through the Company Intranet, going through additional online learning modules, reading FA best practices, and listening to the company “squawk box” updates.

I really have no complaints at this point.  I can tell that compliance is going to be a pain in my neck, but I had to deal with the same stuff in pharma.

I asked my manager if I could ever do anything like teleseminars or webinars as part of my prospecting campaigns… He said, "Well… I don’t want to say no, but… I’ll have to check and see…"

The MSSB guys seem to get really uncomfortable about any kind of electronic communication.  Considering that we already have the technology to deliver messages via our own internal TV station, yet FA’s do not routinely do anything remotely close to that… I am guessing the answer will be an emphatic “NO!”  It’s nice of my manager to look into it anyway.

One thing that is more than I have ever dreamed of… the great lunches they bring in every day!  I better watch myself.  I have probably gained five pounds since I started!

I too started in the past week and would agree with MBA2FA, I work on a team that runs 1.2 billion and there are some huge producers in the office, but the rest of the guys are quite beaten down, my complex manager doesn’t allow reps so i am not eating as well as MBA, but I too am enjoying my time in the office.  

How do those new guys expect to make it with only working 45 hours/week. Are they only hiring for teams now?



Akmpres, what are you expected to do on a team the runs 1.2B?

Well we can see our taxpayer money at work they bailed out the banks and the wires   so now they are hiring again.  <?: prefix = o ns = "urn:schemas-microsoft-com:office:office" />

Obama’s stimulus at work in the wire houses.

Temporary work for a few but at least they are willing to work doing something.   

[quote=tqspygame]How do those new guys expect to make it with only working 45 hours/week. Are they only hiring for teams now?



Akmpres, what are you expected to do on a team the runs 1.2B?[/quote]

These guys are solo.  All the rookies in my office are in the 3rd quintile or worse.

As a trainee, they don’t want me working more than 40 hour/week (BM said he could get in trouble), but I still work more than these guys.

I may not now how to succeed in this business, but I can tell you how NOT to succeed.  Just do what these new guys do.

An FA came into my office yesterday and introduced himself.  He said I should get out of this office because, “Nothing good happens here.”  I asked what he meant.  he said I need to get out… go study at Starbucks, the fancy mall, or somewhere else.  He said I need to go out and meet people now!  He said he built his book to $100MM in five years and didn’t do it by hanging around the office.  He said daytime is for networking and nighttime is for studying.

Hmmmm…

Why can you only work 40hrs/week? Are you studying(not licensed)? It seems to me that once your licensed you should be putting in 60hrs/week at least…