It is a common belief that every entity is a product of its surrounding and is affected by the common norms of the environment. Culture, as societies’ way of life, has been the dictator of every facet of the society’s functions, including its organizations. The American culture, for instance, has played a major role in shaping the operations and policies of its companies. The impact of such cultural values can be observed in the employment policies and beliefs in the Morgan Stanley, the giant financial advisor in the American Financial market.
Important Issues for Financial Companies
Different companies give weight to different issues according to the nature of their operations and beliefs. Financial companies put much weight on issues such as employees’ integrity, responsibility, respect, compliance, confidentiality, trust, commitment, and professionalism. An employee is, therefore, expected to have a high level of personal integrity, to be trustworthy, dependable, and always committed to customer satisfaction. In addition to these, it is important for employees to have paramount analytical skill (Morgan Stanley 2).
Moreover, a closer comparison of different companies’ requirement reveals that apart from specific academic qualifications, all companies would expect their employees to have general qualities such personal integrity, communication skills, dependability, lifelong learning, creativity, interpersonal skills, self confidence, analytical and logical approach to problem solving, and high level of motivation. Most importantly, the strength that any organization has is strongly linked to the ability of its employees to work as a team towards achieving a common organizational goal (Hellriegel 154).
Duties of an Investment Analyst
Among other duties, a private Investment analyst at Morgan Stanley, for instance, is entrusted with responsibilities of carrying out market research, creating investment reports and summaries from analyzed data, evaluating investment portfolios, recommending changes in investment plans, keeping a breast with new market trends, work together with senior management in risk monitoring and finally work with fund and risk experts to provide relevant information in implementing regulatory changes (Morgan Stanley 1).
The main objective of specifying the core duties and responsibilities of every employee in their job description is to avoid overlap of duties and also to reinforce accountability among the company’s work force. Additionally, the specification of these responsibilities helps an employee to manage the tasks.
Culturally Derived Policies
The first impact of the American culture can be observed in the Morgan Stanley’s policies of promoting inclusion and diversity among its employees. This has been brought about by the American society’s strong belief in respect and value for all of its members, regardless of their social class, “most Americans see themselves as members of an egalitarian middle class” (Stewart 89). In response to this social value, Morgan Stanley has, therefore, adopted the policy of inclusiveness. Additionally the American belief in the power of motivation has shaped Morgan Stanley’s policies to include the company’s commitment to promoting employee’s motivation through an open and inclusive work environment (Morgan Stanley 1).
Employees’ Expected Achievements
The Morgan Stanley exposes its employees to diverse and favorable financial work environments with opportunities to develop professionalism in all employees (Morgan Stanley 1). Among other opportunities for employees to achieve are integrated personal values, intellectual proficiency, cross-cultural sensitivity, broad and rich social network, and, most importantly, an attractive compensation.
Skills and Knowledge Requirements for a Business Analyst
A competent investment analyst is expected to have a sound academic background in financial education, outstanding analytical skills, excellent interpersonal skills, ability to work in a team, being a self starter, strong detail orientation, strong organizational skills, efficient and effective time management, excellent communication skills, and should also highly motivated and result focused (Morgan Stanley 2).
Companies’ Goals and Priorities
The Morgan Stanley is focused on attaining global market admiration, recognition, and dominance over the global financial market. In order to achieve these goals the company has prioritized customer satisfaction, communication, employees’ wellbeing and training, autonomy in thinking, and social inclusiveness. Owing to the American culture of pegging success to measurable achievements, several companies such as PriceWaterhouseCoopers strive to win the attention of the global market through delivering excellent financial services. “Accomplishments must be personal visible, and measurable since the culture does not provide a means of evaluating and knowing the person except through externals of performance and attainment” (Stewart 77).