I have an interview for a Morgan Stanley financial advisor trainee position soon. Will it be worth it?

phantom5251 asked:

I’m sort of new to the business, but do have sales background. I’m sure it’ll be demanding, but is there actually a good base salary involved? Or is it pure commission? Thanks everyone!
Any word on what the base salary would be? Is it worth it? I don’t have any offers elsewhere, although I did apply for Edward Jones, and Raymond James elsewhere. Currently in central Ohio. Thanks!

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Comments

Mr. Main Event April 7th

As a trainee, you will get a (pretty low) base salary. But, the base salary phases out as your training progresses.

If you go to UBS, they will try to match their base salary to what you are currently making. For instance, before I started at UBS, I was already making pretty good money in another organization. So, they paid up to half of my salary as base salary for being a FA in their company, which was pretty good.

But, I don’ t think MS has a program like that.
Quincy April 8th

Do you offers elsewhere? That is the best way to compare.
johnjyuan April 10th

the base salary depends on your background. if you come with established networks, and begining a 2nd career, they will pay you more. if you fresh out of college, it’s about 30K, phases out in two years