Business Development Manager

Posted Yesterday
Be an Early Applicant
2 Locations
In-Office
115K-190K Annually
Senior level
Fintech • Financial Services
The Role
Drives revenue and asset growth for a wealth management region by supporting Financial Advisors through business planning, practice management coaching, product positioning, training, initiative rollout, and growth opportunity analysis. The role partners with product specialists and business leaders, leads advisor engagement programs, and executes strategic priorities to improve adoption and measurable business outcomes.
Summary Generated by Built In

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries. As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.

The Wealth Management National Sales organization supports the Firm’s Financial Advisors by managing the field sales support of non-banking products and the business development functions for our branch network.

As part of the Regional Sales Team, the Business Development Manager (BDM) is responsible for driving revenue and asset growth in their respective markets, executing strategic and tactical initiatives, providing ongoing practice management coaching and proactive ideas to Financial Advisors, and coordinating efforts around local, regional, and national initiatives.

Key Responsibilities: 

  • Serves as a trusted consultant to Financial Advisors, aligning firm solutions with client and business needs. 

  • Maintains deep knowledge of the Firm’s full suite of products and tools and clearly positions their capabilities. 

  • Drives adoption of national initiatives and regional priorities through strategic execution and advisor engagement. 

  • Develops and implements targeted business plans that support advisor growth, engagement, and drive business results. 

  • Conducts book reviews and segmentation analyses to identify growth opportunities. 

  • Delivers coaching, training, and practice management guidance to Financial Advisors. 

  • Partners with product specialists, market management, and business leaders to enhance advisor knowledge and solution adoption. 

  • Leads rollout of firm initiatives through presentations, workshops, and one-on-one coaching. 

  • Serves as a subject matter expert on key platforms, tools, and strategic initiatives. 

  • Facilitates training events and educational programs that support practice growth. 

  • Coordinates external resources and industry partners to deliver value-added advisor support. 

  • Collaborates across business units to execute strategic priorities and drive measurable outcomes. 

Knowledge and Skills Required:

  • A minimum of 5 years of experience in Wealth Management, as a Financial Advisor (with satisfactory production and compliance record), or comparable product area or management experience.

  • Bachelor’s Degree required

  • Active Series 7, and 66 (or 63 and 65) required upon hire or within 120 days of hire date

  • Strong oral and written communication skills

  • Outstanding interpersonal skills and demonstratable ability to establish alignment between the expectations and strategies of different stakeholders

  • Strong and creative problem-solving skills

  • Confident, flexible, and resilient team player

  • Adapts style to build relationships across all levels

  • Ability to autonomously develop, deliver, and execute on strategic plans

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years.  Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work.

To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices​ into your browser.

Salary range for the position: $115,000 and $190,000 per year. 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 X 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.

Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background.  Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.

For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.

Skills Required

  • Minimum 5 years of experience in wealth management, as a Financial Advisor with a satisfactory production and compliance record, or comparable product area or management experience
  • Bachelor's degree
  • Active Series 7 and Series 66 licenses, or Series 63 and Series 65 licenses, upon hire or within 120 days of hire
  • Strong oral and written communication skills
  • Outstanding interpersonal skills and ability to align stakeholder expectations and strategies
  • Strong and creative problem-solving skills
  • Confident, flexible, and resilient team-player attributes
  • Ability to build relationships across all organizational levels
  • Ability to independently develop, deliver, and execute strategic plans

Morgan Stanley Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Morgan Stanley and has not been reviewed or approved by Morgan Stanley.

  • Parental & Family Support Family support is extensive, with paid parental leave for all parents, adoption and fertility assistance, backup childcare, and eldercare resources. Feedback suggests these programs meaningfully enhance the overall package and help with retention.
  • Healthcare Strength Health coverage spans medical, dental, vision, mental‑health access, care navigation, and expert second opinions. Convenient primary care access and condition‑specific support reinforce the depth of healthcare coverage.
  • Equity Value & Accessibility Equity compensation and stock ownership are positioned as core motivators that encourage commitment and retention. Feedback suggests education and support are provided to help participants manage equity and related financial benefits.

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The Company
HQ: New York, NY
87,899 Employees

What We Do

Morgan Stanley mobilizes capital to help governments, corporations, institutions and individuals around the world achieve their financial goals. For over 85 years, the firm’s reputation for using innovative thinking to solve complex problems has been well earned and rarely matched. A consistent industry leader throughout decades of dramatic change in modern finance, Morgan Stanley will continue to break new ground in advising, serving and providing new opportunities for its clients. Morgan Stanley is committed to maintaining the first-class service and high standard of excellence that have always defined the firm. At its foundation are five core values — putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back — that guide its more than 60,000 employees in 1,200 offices across 41 countries.

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