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Business Development Associate
Morgan Stanley Colorado, CO
$95k-122k (estimate)
Full Time | Securities 1 Week Ago
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Morgan Stanley is Hiring a Business Development Associate Near Colorado, CO

POSITION SUMMARY

The Business Development Associate participates in the team’s overall business development and marketing as well as the design and updating of tailored reporting for new and existing clients. This role may accompany senior team members to meet with clients to evaluate current offerings, develop and implement new services, and strategize to find resolutions.

DUTIES and RESPONSIBILITIES:

Business Strategy & Development

  • Develops and applies strategies to execute the business plan to achieve desired results (i.e., to increase client base, gross production, Portfolio Management assets, performance tracking, etc.)
  • Identifies business opportunities
  • Supports Financial Advisor / Private Wealth Advisor practice management through book analysis and determination of appropriate strategies
  • Creates potential strategies to further enhance client relationships based on concerns and opportunities identified during client visits
  • Engages in strategic planning with other team members on client matters
  • Interacts regularly with the Complex Business Development Manager
  • Partners with the Financial Advisor / Private Wealth Advisor on investment recommendations and prepares reports and plans that align with client goals
  • Takes accountability for optimizing business practices while adhering to best business ethics and practices
  • Seeks opportunities to grow business by capitalizing on Firm initiatives
  • Focuses on building strong relationships with corporate departments and strategic partners
  • Evaluates, develops and implements new services in conjunction with the Financial Advisor / Private Wealth Advisor and other team members
  • Stays attuned to updates and enhancements to firm products and policies

Client Engagement

  • Actively engages clients and prospects to build relationships, identify needs and review investment goals
  • Leads team to establish and cultivate relationships with new and existing clients and proactively helps to resolve issues and concerns
  • May regularly accompany senior team members to engage with clients to educate about the firm’s services and products
  • Serves as a client contact for administrative problem resolution and fielding general client questions on a spectrum of topics
  • Proactively shares targeted communications with clients leveraging digital tools available (e.g., share account information, newsletters containing opportunities, new offerings and other events)

EDUCATION, EXPERIENCE, KNOWLEDGE, and SKILLS:

Education and/or Experience

  • 5 years of work experience in a field relevant to the position required
  • Four-year college degree or professional certification preferred
  • Active Series 7 (GS), and Series 66 (AG/RA) or Series 63 (AG) and Series 65 (RA)
  • Additional product licenses may be required

Knowledge/Skills

  • Enjoys working with people and problem solving
  • Effective written and verbal communication skills
  • Strong understanding of applicable compliance rules, regulations and firm policies
  • Ability to interact and communicate effectively with colleagues and clients
  • Strong computer skills including knowledge of Microsoft Office (Word, Excel and PowerPoint)
  • Detail-oriented with superior organizational skills and ability to prioritize tasks
  • Ability and interest in working in a fast-paced, evolving environment

Reports to:

  • Business Service Manager

Salary range for the position: $50k - $95k Yr. The successful candidate may be eligible for an annual discretionary incentive compensation award. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which also may include a discretionary bonus component. Morgan Stanley offers a full spectrum of benefits, including Medical, Prescription Drug, Dental, Vision, Health Savings Account, Dependent Day Care Savings Account, Life Insurance, Disability and Other Insurance Plans, Paid Time Off (including Sick Leave consistent with state and local law, Parental Leave and 20 Vacation Days annually), 10 Paid Holidays, 401(k), and Short/Long Term Disability, in addition to other special perks reserved for our employees. Please visit mybenefits.morganstanley.com to learn more about our benefit offerings. The application window is expected to close 6/25/2024 but may be extended depending on whether a candidate has been selected.

Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.

 

It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

 

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).

Job Summary

JOB TYPE

Full Time

INDUSTRY

Securities

SALARY

$95k-122k (estimate)

POST DATE

04/27/2024

EXPIRATION DATE

05/03/2024

WEBSITE

morganstanley.com

HEADQUARTERS

MANHATTAN, NY

SIZE

>50,000

FOUNDED

1924

CEO

RICHARD B FISHER

REVENUE

>$50B

INDUSTRY

Securities

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The job skills required for Business Development Associate include Business Development, Initiative, Microsoft Office, Verbal Communication, Problem Solving, Products and Services, etc. Having related job skills and expertise will give you an advantage when applying to be a Business Development Associate. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Business Development Associate. Select any job title you are interested in and start to search job requirements.

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The following is the career advancement route for Business Development Associate positions, which can be used as a reference in future career path planning. As a Business Development Associate, it can be promoted into senior positions as a Business Development Associate IV that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Business Development Associate. You can explore the career advancement for a Business Development Associate below and select your interested title to get hiring information.

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If you are interested in becoming a Business Development Associate, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Business Development Associate for your reference.

Step 1: Understand the job description and responsibilities of an Accountant.

Quotes from people on Business Development Associate job description and responsibilities

Assist the business development team with the development of a business model, project budget, scope of work document, and business strategy.

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Coordinate meetings, calls, and appointments with top management and customers to discuss new business prospects and expansions.

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A business development associate helps companies to boost growth and sales.

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Building and maintaining long lasting business relationships with clients.

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Business Development Associate also help to manage risk by performing risk analysis and consumer behavioral analysis.

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Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.

Career tips from people on Business Development Associate jobs

Companies frequently seek employees with marketing, business management, or sales experience.

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A skilled business developer can form and nurture long-term partnerships that lead to additional leads and closed deals.

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Prior experience with proposal development, contract negotiation and closing a contract preferred.

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The person should be keen to develop and understand the requirements of global business from both a Mauritius and the other main financial centers.

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They rely on knowledge, theory and hands-on experience to help businesses to grow.

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Step 3: View the best colleges and universities for Business Development Associate.

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