{ "media_type": "text", "post_content": "How is the Morgan Stanley FAA program? I know that success is based on revenue generated over the 3 years, but does anyone know what the NAA requirements are (if any)?", "post_id": "610a0eb07e8295002a7aec29", "reply_count": 5, "vote_count": 2, "bowl_id": "599feb177c057d0010be0554", "bowl_name": "Financial Advisors" }

How is the Morgan Stanley FAA program? I know that success is based on revenue generated over the 3 years, but does anyone know what the NAA requirements are (if any)?

Posting as :
works at
You are currently posting as works at

For what it’s worth I went through it back in 2008(great timing). Nearly 100 in the training class. Last I tried to look only 7-8 were still in the industry. I was the only one who wasn’t on a team that survived. Back then the training was cold calling. Which was total bs then and now there’s no way to prospect from such lead list. The asset goals then were not easy, I can’t imagine what they are today.


Like FA1 said, it’s revenue focused not asset focused. For performance (to see if you stay in the program or not) advisory revenue is projected to be annual based on assets because it’s assumed to be recurring. Example. You bring in 1mm in assets and charge 1%. You haven’t technically gotten all the revenue because it comes out monthly but it’ll count as 10k revenue for performance evaluation. Transactional revenue comes from brokerage, insurance, annuities, etc that aren’t recurring. The combination of the two determines where you stand and if they’ll keep you throughout the program. They did recently make a change to where it’s now a 5 yr rather than a 3 yr program and the focus is on planning more than brokerage services.

Additional Posts

Does anyone have any leads on potential jobs in IT, like IT Support or Help Desk in DC? My SO was laid off today due to COVID.


For post-mba, is associate or engagement manager the best level to exit?


Hey mommas - My baby is 14 weeks old and I haven't gotten my period back yet. I'm worried I'm pregnant again. When did you get your period back? For context, I'm breastfeeding but not exclusively (I am pumping and nursing as much as I can though). I've been on the pill since 6 weeks and my husband used condoms for the first few weeks once we started again. Surprisingly, I can't find anything online that's helpful. Any sense of a timeframe would be tremendously anxiety-reducing!


How many people are suddenly managing an intern they didn’t ask for because project leadership requested one without any idea or scope of what they’d actually do? 🙋🏼‍♀️


Thoughts on the data conversion certification? I’ve got some bench time and am considering that or PM or both.


What is a solid salary band for an ACD in NYC? I’m familiar with ranges for everything below that but not the next level. If senior is up to 150k at the high end, what’s ACD?


Anyone here work at Salesforce in San Francisco? Are you guys still working from home or are you gonna be going back to the office anytime soon?


If you were offered a partner position now, but it required working until a typical retirement age (65 y/o), would you do it?


I read on Management Consulted that OW don't specifically recruit post-MBA. How accurate is that?


What is the typical length in time from starting the conversation to receiving an offer when transferring from one big 4 to another?


I’ve herd of consulting firms paying for your MBA program ? Is this true? If so how does one go about this and Has anyone ever experienced this?


For those who do not wish to submit to compulsory vaccination and weekly testing, when do you plan on having that tough conversation with your partner? As RSM just announced it will comply with the Presidents order, do we wait or do we have the conversation now?


Anyone know average salaries for 3rd year associates at small firms in San Francisco that represent government agencies and non-profit affordable housing developers? The firm has 6 associates, 7 partners and 9 of Counsel.

How much does a good MBA cost?


Bay Area PwC - what is this I hear of a 20K bonus to keep seniors? Is it true? If so, please share the details! 😁


Is it an issue if I’ve never been internally promoted? Started at B4, left at 1.75 years (was green lighted for promotion but left before it took effect) to MBB (entry level) but haven’t received a promotion yet there and won’t until after I submit my apps.


All you people complaining about salary, what’s your level and pay and why do you think you deserve more?


Hi all! Im interested in having an idea of what my ideal salary range should be. Im 28 living in the northeast. Would you mind sharing your salary range and LOS? Thank you


How to find international opportunities /secondments at PwC? Also, does that affect your visa status ( assuming one is on )1b work visa) ?


New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here


Embed this post

Copy and paste embed code on your site


Download the Fishbowl app

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.

For account settings, visit Fishbowl on Desktop Browser or