This internship program provides diverse FIU students greater industry exposure and training in Wealth Management Client Services.
Internship Application is due November 8, 2021
Program Details and Eligibility
- The Morgan Stanley/Florida International University Scholars Internship Program is a 1.5-year / 4-rotation paid-program designed to provide ethnically diverse and/or female sophomore and junior students with hands-on exposure to the Wealth Management industry
- Currently recruiting for the spring 2022 cohort (8 students) that will begin in January 2022
- The Program will require students to commit 10-15 hours/week during the school year and 40 hours/week during the summer (students will not be expected to work during finals or break periods).
- Students will be paid $20/hour
- The Spring 2022 cohort will be based in Morgan Stanley’s Aventura or Miami office. Students will work virtually until it is safe to work from the office
- Each participant will be paired with mentors to provide on-the-job support and career advice
- Upon university graduation, participants will be encouraged and supported to apply for a full-time position at the company
To apply to the internship, please go to the Morgan Stanley Internship page
Scholars Program Curriculum
| Training Module | Rotational Module (~4 Months) |
| Program Onboarding | Rotation A: Branch Service | Rotation B: Client Experience | Rotation C: FA Strategic Support | Rotation D: Life as an FA | Career Placement |
|---|---|---|---|---|---|
| – MSWM Overview – Product Overview | – Provide operational support | – Support new client onboarding & reporting | – Support digital client engagement | – Provide research and sales support efforts | – FAA, Service Professional |
| Ongoing Training To Include: Soft + Technical Skills, Selected Service Professional + FA Coursework | |||||
Program Participant Journey (Fall + Spring Class Start)
Participant Journey: Fall Start Class
| Fall(Oct – Dec) | Spring(Jan – May) | Summer(Jun – Aug) | |
|---|---|---|---|
| Freshman | --- | Program Selection ProcessFor Fall Start1 | --- |
| Sophomore | Rotation #1 | Rotation #2 | Rotation #3 or National Internship Program |
| Junior | Rotation #4 | Branch Internship Position | |
| Senior | Branch Internship Position + Full Time Position Placement Support | ||
| Ongoing Training to Include: Soft + Technical Skills, Selected Service Professional + FA Coursework | |||
Participant Journey: Spring Start Class
| Fall (Oct – Dec) | Spring (Jan – May) | Summer (Jun – Aug) | |
|---|---|---|---|
| Sophomore1 | Program Selection Process For Spring Start | Rotation #1 | Rotation #2 |
| Junior | Rotation #3 +Prep for National Internship Interviews | Rotation #4 | National or Branch Internship |
| Senior | Branch Internship + Full Time Position Placement Support | Full Time Position | |
| Ongoing Training to Include: Soft + Technical Skills, Selected Service Professional + FA Coursework | |||
Ensuring The Success Of Every Program Participant
Mentorship
• Each Program participant will be paired with a mentor
• Mentors will help ensure your success in each rotation and will create introductions to areas of interest
Learn and Grow
• Training will be provided to all participants during the first week of the program and at the beginning of each rotation
• This training will include a Firm-wide orientation, business overviews, product training and technical skill development
Leadership Exposure
• Throughout the program participants will be exposed to senior leadership through Lunch & Learns and a Senior Speaker Series
• Program leaders have an open door policy and encourage participants to set up one-on-one meetings
Networking
• There will be many opportunities to network with employees across Wealth Management
• Get to know as many people as possible from across the Firm!
Rotation Overview and Student Responsibilities
Financial Advisor Team
• Support sales efforts
• Investment research & analysis
• Client review preparation
• Assist in preparation of client’s financial plan
Financial Advisor Strategic Support
• Support digital client outreach
• Plan client events and seminars
• Attend product education events
• Prepare sales meeting materials
Branch Service Team
• Support digital client outreach
• Plan client events and seminars
• Attend product education events
• Prepare sales meeting materials
Client Experience Team
• Support new client onboarding
• Assist with client reporting requests
• Resolve client operational service issues
• Facilitate client money movement requests
Candidate Competency Assessment
| Target Competency | Traits |
|---|---|
| Organizational Fit | Professional maturityInitative & motivationDemonstrates firm values (“doing the right thing”) |
| Professional Skills | Leadership & teamwork skillsPresentation skillsTime management skills |
| Career Focus & Technical Skills | Analytical skillsProblem solving abilityReasons for wanting to join Scholars program |