Morgan Stanley Internship ExperienceEssay Preview: Morgan Stanley Internship ExperienceReport this essayMorgan Stanley has earned a worldwide reputation for excellence in financial advice and market execution. Today, Morgan Stanley is employing over 51,000 members in about 27 countries connect people, ideas and capital to help their clients reach their financial needs and future goals. (
According to the Morgan Stanleys website, it states that “Morgan Stanley is one of the worlds largest diversified financial services companies, with a reputation for excellence in advice and execution on a global scale. Our Firm enjoys leading franchises in three attractive businesses: Global Securities, where Morgan Stanley serves individual and institutional investors and investment banking clients; Global Asset Management, with our highly rated Morgan Stanley and Van Kampen funds; and Global Credit Card Services, with our Discover Card, held by 40% of U.S. households, as well as a growing Morgan Stanley card business in the United Kingdom” (
Their Mission Statement is “Whether serving private individuals or Fortune 500 companies, Morgan Stanley Investment Managements vision is the same: to consistently help meet and exceed our clients expectations. To do so, we have assembled what we believe to be one of the most formidable investment management organizations in the world, one designed to deliver upon the promise of Morgan Stanley to be our clients first choice for achieving their financial aspirations” (catalog). The mission statement gives them credibility that if the client trusts the employees of Morgan Stanley, they will try even harder than what the clients will expect from them. This also shows that this company has good work ethics. The work ethics section of the web site states that “At Morgan Stanley, our vision is to be the worlds first choice for achieving financial aspirations. Realizing this vision requires that we draw upon our strengths — connecting people, ideas, and capital — to help our clients meet their goals. Its success depends on fostering a culture where our five core values of integrity, excellence, respect for individuals and cultures, entrepreneurial spirit and teamwork are encouraged and rewarded” (
The organizational chart of Morgan Stanley is quiet simple and straight forward. The person with the most authority is the CEO. The President is under the CEO and the Vice President is under the President. Next are the Financial advisors and their secretaries. Most of the workers at Morgan Stanley including the branch that I have interned at are Financial Advisors. The table below shows all the branches that is part of the company.
There are a couple of jointly-operated facilities which include Van Kampen and Discovery Card.The person that hired me and also who I spend most of the time with started working for Morgan Stanley in 2000. Before he got hired at Morgan Stanley, he worked in sales for 4 years and ran his own business for a year. In order to be effective in my position, a person strongly needs communication skills, marketing skills, sales skills, diligence, etc. The person does not necessarily have to have experience when he or she applies for this position. But sales and marketing experience is a plus. He has many personal rewards that he gains from the job. He enjoys the satisfaction of helping others and making differences in other peoples lives. He is proud of where he is today because he sees making money as self- achievement. Even though his career has stabilized, he had many professional challenges that he had to overcome. One of the biggest challenges he had to overcome, which I still need a lot of practice and work, was finding and getting the clients to trust him with their finances. Of course this is very difficult since there is a surplus of money managers that are constantly looking for clients. He also had difficulty talking to strangers over the phone. Even through my experiences at the internship, I can say that cold-calling is discouraging and stressful. The chance of becoming a successful financial advisor/ money manager or just to survive your first year is only about 10%. Since he is one of the 10% that has succeeded, he sees himself working for Morgan Stanley for rest of his career.
There are many products that are provided by the organization. There are 8 main products that I will briefly cover. This information was given through the Morgan Stanleys main brochure. First, there is the Morgan Stanley Funds which offers over 60 mutual funds spanning domestic and international equity, taxable and tax-free income, specialty and money market funds across a variety of investment styles. The Morgan Stanley Institutional Funds signify a variety of equity, fixed-income, asset allocation and alternative asset class disciplines which stresses on global, regional, developed and emerging markets for corporate benefit programs, foundations, endowments and public retirement plans. The Van Kampen Funds offers more than 40 open-end mutual funds, as well as a qualified tuition program, retirement plan solutions, closed-end funds
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Third, there are 7 types of mutual funds, with a total of 18,000. The Morgan Stanley Fund has over 900 open-end mutual funds across a variety of different investment categories. The Stanley Family Fund offers over 200 fund offerings and over 100 specific retirement plan services with a broad range of retirement planning, equity and equity investments. The Van Kampen Family Fund also offers 20 different institutional fund offerings.
I did not offer any of the above list. The list is not exhaustive but it is the basis for the vast range of open-end mutual funds available with over 1,500 ETFs, which have a broad range of retirement plan services.
Fourth, there are over 1,500 separate, registered and managed mutual funds with over 7,400 listed options. The Morgan Stanley Institutional Fund is the largest fund in the entire U.S. with over 5,000 of its registered and managed options registered, all of which are used to cover the specific investment in a portfolio of financial vehicles. Some of the features of this community of mutual funds include the high visibility that a broad range of mutual funds offer and the flexibility that are part of the platform available to invest in the most complex portfolio of mutual funds with a broad range of retirement portfolios, and the variety and affordability which are available through their investment programs. The Morgan Stanley Institutional Fund holds some of the most diversified portfolios of mutual funds across a wide variety of options and ETFs
I highly recommend you consult a professional investment adviser for financial advisors in your area of expertise and experience with financial advisors.
Many other fund offerings across the full range of options, including the Morgan Stanley Institutional Fund, have also offered some common options including a diverse set of option options, including the Vanguard Group Fund, the US Treasury IRA, the S&P 500 Index ETF, and a series of options traded on exchanges, including the S&P 500 Index® Fund Exchange, which does not require an investment advisor to get their money managed. Each investment fund is unique in terms of its portfolio size, investment performance, financial performance, asset concentration, and cost structure and, as well as its market value, the number of ETFs and options traded in the same market. Investing in an asset manager that works with you personally can give you the experience and knowledge you need to make a strong decision about investing in an asset manager or investment fund. Many fund options and ETFs include investment features you learn about in your personal experience such as the investment options market, ETF performance, equity and capital risk. There are over 2,500 different institutional options, which are all sold by reputable investment advisers, including a small selection of investment advisors, to help you identify the best portfolio for every asset. The Van Kampen Fund is a trusted investment for retirement planners that are sure it can be trusted. You can trade with friends in the Van Kampen Fund and share information and information with family, friends and family about how you can maximize your retirement fund portfolio.
Lastly, I also provide free technical support to our mutual fund clients. Many folks just want a better way of investing, while some simply want to learn how to invest without a financial advisor. Whether your goal is simply to save the money for retirement and save the world, or have a family member or financial advisers who are able to help with