Alternative Investment (MS) Opporunity -- Take Over Back Office?

First Thread! Current Summer intern at MS in Finance. I just came back from a meeting with an MD who straight up told me I can get a job in his department (There is hope for people who know no one, like me), which is Alternative Investments at MS. I'm currently an summer intern in the Finance Department, though, and as my internship is coming to an end I have to make some yes and no's in the next month or so.

From what we just talked about I know that his department A) seeks and filters for investment opportunities in PE, Managed Futures and Real Estate, B) creates products and sells them to clients and C) manages those products when they are sold to clients (BlackRock, clients from WM, Clients from Asset Management)

I'm doing PnL for the traders as of now, so assuming I find nothing else over my last year at college, ya'l think this is better than Finance? Are there good exit ops?
Thanks!!!

 
Best Response

alternative investments at the big 3 is kinda analytical/kinda back office for wealth management clients. you'll do some due diligence on the managers & the process, but you won't be actually getting involved in the investment process (doing due dili on actual investments, managing a portfolio, etc.).

I think it's a fine job and from what I can remember MS has the biggest platform (bigger than Merrill, UBS, goldman). if your other option is straight up back office, I'd strongly consider it

 

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