Level

Morgan Stanley

Alternative Investments Sales Desk Associate

Morgan Stanley is hiring an Alternative Investments Sales Desk Associate in New York, United States. It pays $70k-$115k a year and Level rates it ; you can apply on Level.

AI in this role

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries. As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.


The Field and Client Business Development Group within Investment Solutions, supports the Firm’s Financial Advisors by managing the field sales support of non-banking products and the business development functions for our branch network.


The Alternative Investments (AI) Sales Team is a 35-member team within Wealth Management representing the full Alternative Investments Platform. As an expert and trusted resource within the AI Sales team, the AI Sales Associate will act as a contact on the internal sales desk for the respective sales territory and assist in the coordination of all sales efforts for the MSWM Alternative Investments platform, including: hedge funds, private equity, private credit, private real estate funds, managed futures, exchange funds and other Alternative Investment strategies. The Alternative Investments platform has approximately $285 billion of assets.


Key Responsibilities:

  • Responsible for proactively making outbound calls to MSWM Financial Advisors and Private Wealth Advisors and for fielding incoming calls on the sales desk
  • Build new and maintain existing relationships with AI users in the territory
  • Work closely with the AI Sales Director and AI Specialist as their internal partners covering their territory
  • Coordinate the efforts of third-party wholesalers/resources within the respective territory
  • Coordinate regional events and roadshows with fund managers to educate Morgan Stanley Advisors and clients on Alternative Investment strategies and products
  • Work across the department with the product development, research, investor relations, and operations teams on demand assessments, marketing materials, etc.

Knowledge and Skills Required:

  • Ability to explain complex information clearly and simply
  • Ability to make presentations effectively
  • The ideal candidate should be highly motivated and organized
  • Prior experience working in wealth management or financial services
  • Sales and marketing experience
  • Knowledge of alternative investments
  • Must be a team player with the ability to work effectively in a team or independently
  • Ability to represent the Firm professionally with internal and external contacts
  • Knowledge of Excel, Word, and PowerPoint programs is a plus 
  • Bachelor's degree required
  • Two years+ related financial services sales experience required
  • Active Series 7 and 66 (or 63 and 65) required upon hire or within 120 days of hire date
  • Salesforce (or alternative CRM) experience preferred
  • Excellent verbal and interpersonal skills

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years.  Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work.

To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices​ into your browser.

Expected base pay rates for the role will be between $70,000 and $115,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background.  Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.

For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.

How we rate this

Alternative Investments Sales Desk Associate at Morgan Stanley rates 37 out of 100 for how much of the daily work is AI. That makes it Little AI (AI Level 1 of 4). The level is about AI in the job, not seniority.

Classification

Little AI. AI is not part of the work.

  1. ●●●● Builds AI80 to 100
  2. ●●●○ Works on AI60 to 79
  3. ●●○○ Uses AI40 to 59
  4. ●○○○ Little AI0 to 39

Levels come from how often the tools, models and workflows of the role are named in the posting itself. Open the description and count.

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Pay

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$70k
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$140k

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