How helpful is an internship at Morgan Stanley Smith Barney for a junior wishing to go into PWM in the future??
I am a junior from a target school who is going to be doing an internship at MSSB this summer. It is different than the private wealth management at Morgan Stanley as this one is called global wealth management. Essentially, I will be working with clients with LESS than 20 million in assets while PWM at Morgan Stanley involves clients with MORE than 30 million. A lot of people who do the global wealth management internship are sophomores it seems. Also, I will be working at a branch. I am hoping to work in PWM out of college and/or apply directly to financial engineering masters programs as I have taken a lot of higher level stats and math classes. My question is how this internship might be viewed by interviewers for say, PWM at Bulge Brackets and how it might be viewed in general? Should I try to network more towards Morgan Stanley? Thanks!