Does Morgan Stanley have a required YOE for AVP title/comp?

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RLXi21

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RLXi21
Mar 28, 2021 4 Comments

Interviewing for an AVP position at MS. Only have 2 YOE and the recruiter did mention that I’m interviewing for an AVP role with an AVP salary. Both recruiter and hiring manager have seen my resume and have mentioned my YOE. Was told from a MS friend that when they came aboard, the same thing happened to them and when they were finally offered, MS said they needed to have a certain amount of YOE to be AVP and lowered the offered salary significantly to an associate salary/title. Figured I shouldn’t ask if they haven’t brought it up yet. Have already had a chat with the recruiter and on third round now.

Is this a hard company policy/will it happen to me? Or is this something that used to exist and they got rid of? Or maybe an organizational rule?

Thanks!

#MorganStanley #InvestmentBanking #Finance #IB

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TOP 4 Comments
  • There is a hard requirement with YOE and banking title designations. I am in tech so we dont have AVPs, but something similar happened to me for the VP role when I interviewed.

    I was missing the VP role requirements by a few months, the position I applied for was VP, but after the interview process I was told that I would be brought at the associate level based on my YOE
    Mar 29, 2021 1
    • New
      RLXi21

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      RLXi21
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      Going to PM
      Mar 29, 2021
  • Which division are you in? Make sure you know the TC and growth opportunities. MS has TC cap for asso/avp level. This bother me a lot currently
    Jun 5, 2021 0
  • There is always exception just be prepared to know what you want to hand shake or walk away. If you have learned enough about the role, focus on what you absolutely want and what you are ready to give up as part of the negotiation of the job is offer to you.
    Mar 29, 2021 0