Hottest Industry Group?
Hi everyone, I will be interning in London over the summer and I would like to know your opinion on which industry group would be the best one to work in?
Here are the options: Basic Materials, Consumer, Financial Institutions, Global Capital Markets, Global Energy & Utilities, Global Industrials, Healthcare, Media & Comms, the Pool, Retail, Real Estate, Technology, Transport, UK Group
Any recommendations???
Thank you very much for any insights...
Depends where you are interning....
Morgan Stanley
The hottest group is definitely the one that has no air conditioning. Seriously, there is no such thing as the "hottest group." There are good groups and very good groups. MS has a good technology group and media group.
Global Industrials is a "hot" group
Well, Morgan Stanley UK M&A is pretty hot, or so I've heard
To be honest, if you've meet people from any of the groups, it's best to pick your group based on the team, not on how "hot" it is. Something's that's 'hot' right now, might not be so sizzling in late June when you start work, and MS looks great on your resume, no matter which group you are in.
I don't think that your experience will differ massively from group to group. I'm actually surprised you have this much choice!
If you're interested in M&A, then obviously don't go for Global Cap M
If "The Pool" involves working across different sectors, I'd be tempted by that, but I don't know how that system operates at MS
If you go for healthcare, you will get screwed in terms of hours :) Seems to be a universal rule...
Best of luck this summer!
How come?
Congrats on the internship. MS UK M&A is good but not seen as top in the UK......ranked lower than JPM, GS, Roths and UBS. Considering this I would recommend going for one of the industry teams. MS Healthcare in the UK is awesome but the hours will be tough - unbeatable experience though! If I was back in your shoes I would choose either healthcare or Industrials.
Good Luck
I would avoid "the Pool" at all costs. It's just a horrible concept in so many ways, like being homeless or something.
lol. I think DB have a pool in the summer analyst class. I am not sure if this follows through to the full timers - but I have heard taht it can be a rough ride!
I agree that the pool is a very bad concept. It works for the bank, but not you. Not only do you lose out on developing specialized expertise in the first year, there's a also A LOT of backstabbing among analysts/associates to get into the top groups. Many people I know come out of the pool feeling pissed off because they did not get into the group they want at MS. With the benefit of hindsight, they should have just accepted an offer from other BBs which placed them directly into the groups they want.
surely, because they are unrelated??
From the title Global Cap M, this team seems like it would be dealing with IPO's surely?
feel free to correct me if this is a wrong assumption
I am new to posting on this forum but I know that there is a whole thing about rankings that I don't want to start but I have to ask where you are getting your 'rankings' from about MS M&A? It was named Euromoney's UK M&A house of the year, so wouldn't you at least say it was on par with the banks you listed and probably ahead of JPM and UBS?
When I speak of rankings - I am not speaking officially or by any manipulated tables. I am simply talking about the reputation in the CITY. For example if there was a big pitch -> JPM, GS, UBS and Roths would always have been the main contenders.
Also I have not looking at the official rankings in a while but I was of the knowledge that GS won the Thomsons 07 award and JPM CAZ won the 05 & 06 award.
I summered in 06 and 07 in GS and JPM UK M&A teams who never pitched against MS. JPM had the stronger team and the better reputation.
At the end of 2006, Financial Sponsors was the hottest group at every bank.
At the end of 2007, most analysts in Financial Sponsors had been fired or were going to be fired shortly.
That's how quickly a group's "hotness" can change due to market conditions.
-Healthcare is more "recession-resistant" than the other groups because people get sick and need healthcare regardless of what the economy is like.
-Most of the other like Consumer, Retail, Real Estate etc. have in some way been affected by the recession. Anything consumer/real-estate related really.
-Energy/Industrials may also be less affected because both are necessities.
That said, I still wouldn't pick based on these necessarily... go for the one that has a group you like and get along with. And I would not work across groups if you can avoid it - go with one and do well there so people will pull for you at the end of an internship.
how about financial institutions?
A little off the beaten track...but does anyone know which teams at Lazard in London are highly thought of???
I heard GS FIG (from a GS FIG associate)was where it's at, but I'm sure MS are good as well
While obviously this thread is about SA positions, what do you think about the life/exit ops for MS Global Energy and Utilities as a fulltime analyst?
Financial Institutions - Eh I would avoid due to all the financial turmoil currently.
Lazard in London - not sure, only familiar with US.
MS Energy - Don't think I know anyone there anymore so can't comment based on firsthand experience. In general though energy should be a good industry in the coming years with the oil crisis and all driving prices sky-high.
What about Alternative Energy? I'll be a SA in the Tech/Alt Energy group at a MM bank. I have a personal interest in this industry, just curious if it will really be big in the coming years, as that's what everyones saying.
don't agree with dosk on FIG. the industry is falling apart because of the industry turmoil --> great banking opportunity. at my BB, they are the only group that has been consistently cranking on live deals. everywhere else, an engagement letter is analogous to a live deal.
natural resources is doing well and is tied to the commodity boom, but it seems like the activity is more centralized to the major players - vale/bhp/etc - and one off's potash anyone? than group wide.
that said wholeheartedly agree that certain areas - Consumer, Real Estate, TMT have been hit harder by the down turn than Healthcare.
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