Morgan Stanley Lev Fin vs. Project Finance

Hey guys,

I got an offer (SA) for Morgan Stanley's Global Capital Markets division, as they separate it from traditional investment banking. It's made up of 5 parts--ECM, DCM, Clients Solutions, Lev Fin and Project Finance.

I want to do a great job this summer and try and move into actual IB, ideally M&A, for full time. I've narrowed my top choices within GCM down to Lev Fin and Project Finance, and I'm wondering which would better position me.

Normally, Lev Fin would be the easy choice, but MS Lev Fin doesn't do any modeling. Project Finance is the only group within GCM that does--very intensively.

Let me know what you guys think--thanks a lot!

 

Really depends. If you're interested in O&G you should do PF. When it comes time for FT recruiting you would have a strong background in the sector and could probably have an easier transition to energy M&A. I've met a few lev fin bankers switched to M&A even at the VP level so that's not really a problem. Either way you should be very aware that as summer analyst its almost guaranteed you won't be building a full blown model model, regardless of the team.

 

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