I applied through an employee referral. The process took 2 months. I interviewed at Morgan Stanley
Interview
I was hired at a time when they were on a hiring spree so it wasn't a rigorous process. I was already licensed and had some experience so was welcomed. They even took some people that hadn't been licensed.
Interview questions [1]
Question 1
There wasn't anything unexpected in this interview. I would say this was fairly typical, a good opportunity to meet the managers and let them know who I was.
The process took 2 days. I interviewed at Morgan Stanley in Dec 2009
Interview
I was a summer intern working for a Branch Manager senior year of college. I told him I would like to be a Client Service Associate upon graduation and he linked me up with a Service Manager in the complex to interview for a position.
I met with the Senior Complex Service Manager who oversee's all CSA's in the complex. We discussed why I was a good candidate as a CSA with the firm and what experience's in my past employers lead me to this point in my career. We discussed what the position entails, who I could possibly be working with, and the general office environment. I was told I needed to be Series 7 and 66 registered with in 6 months and I would be given all materials necessary to prepare in advance.
Questions I would pose are 1. what F.A.'s you would be working with, if it does not come up in conversation. 2. Expectation that Supplement Compensation must be paid and if the F.A's had arrangements with previous CSA's who covered them. 3. If you have three years of work experience ask for 3 weeks of vacation in your agreement. 4. If your registered CSA with previous experience ask for $55,000 base salary as its known to be the maximum a complex can pay a CSA without having to go to Regional approval. All CSA"s and FA trainee's salaries are paid out of the complex pool of P/L. Somone is getting the salary, might as well be you. 5. Make sure they know how hard of a worker you are and the team player you will be helping others with questions that come up.
The Service Managers are really not very impressive, seems like too many of them and the Joint Venture will trim some of the fat there. The Complex Risk Officers are quite knowledgeable and competent. They are looking out for your interest as a CSA/FA first and foremost even when they seem to be overlying prying. The offices are old and really the only good thing about them are they tend to be centrally located to parking and somewhat main street locations. The offices don't have too much action or buzz in them, most CSA's work there 8 hour day and get out. The low base salaries tend to make people work with a bit less care and at tentativeness then should generally put forth.
Interview questions [2]
Question 1
What do you think of current stock market environment?