Morgan Stanley IBD Sophomore Rotational Program

How is this program compared to J.P. Morgan Honors Program?

Is it as tough to get into and what percentage of participants get asked back for summer internships following their junior year and then for FT offers.

Is this program geared towards diversity or target vs. non-target school applicants?

I have sent my resume in and any advice is much appreciated.

 
Best Response

Roller, I applied and interviewed for this position last year. Unfortunately, I made it to the second round but did not get extended an offer.

As for comparison to the JP Morgan Honors Program, I would think Morgan Stanley's rotational program is far superior. According to what they told me, you are actually staffed on deals and expected to perform. Not sure how realistic this is since you only have about two weeks in each rotation and limited FCF/DCF understanding, but from what I hear they really bust your nuts. It was explained to me that you would have two mentors, a first year analyst and a VP or MD.

Making it into the program is very competitive. I am not sure of the exact numbers, but I think they do about 20 first rounds, 8-10 second rounds and take a final 4. Based on my buddy on who was full time there, everyone who made it was from a target school and of a diverse background. The program is set up as a feeder for their junior year summer program, which will save you the headache of what I'm experiencing right now.

If you can get it, do it. If you can't I wouldn't stress too much. I worked buy-side for the summer in a FOF, got out at 6 everyday and drank five nights a week. Glorytown.

 

Yeah Hopeful I understand what you are experiencing. I'm a sophomore and in the same position as you. I'm trying to find any damn internship that I can.

I think I should get some ibanking internship this summer or at least into the CS Wall St. Immersion Program or UBS' COO Sopohomore Program.

Whatever it is I end up getting this summer, hopefully I will get an offer for next summer and then for FT so I don't have to worry about this again.

It's a real pain in the ass.

 

They only took 10 kids, it was dumb competitive.

You don't need to prepare. They take kids for fit/behavioral more than technical match, so basically if you're a strong candidate they want now and want to lock up before another bank does, you'll get an offer. It isn't URM-heavy, there's some big pedigree names + strong sophomores with stacked resumes already.

I am permanently behind on PMs, it's not personal.
 
APAE:
They only took 10 kids, it was dumb competitive.

You don't need to prepare. They take kids for fit/behavioral more than technical match, so basically if you're a strong candidate they want now and want to lock up before another bank does, you'll get an offer. It isn't URM-heavy, there's some big pedigree names + strong sophomores with stacked resumes already.

Are you talking about the Richard B Fisher scholarship? I thought it was only for URMs

 

I'm fairly sure the sophomores get integrated with the junior SAs as well, it's just across a larger spread of the bank since it's rotational rather than group-based as the upper year is.

I am permanently behind on PMs, it's not personal.
 

If you're shooting for banking full time, I wouldnt think it makes sense to try to parlay a sophomore summer internship into a full time offer unless it was the Morgan job.

You are a sophomore, I don't think its that much of a dealbreaker whether you spend your summer in banking or not. They hire plenty of people who have had one or zero jobs for junior summer banking internships. And although interviewing is a big pain in the balls, I wouldn't say it sucks so much that you should try to skip the junior summer process entirely unless you get the Morgan job.

 

Sorry, I wasn't clear enough. I meant hopefully this summer I can get a summer internship in ibanking. If I do well, it would be wonderful if I was asked back for a summer internship next summer.

That way I will have had two summer internships in ibanking and will be competitive for FT positions in other BBs or from the same bank.

Your comments about how they hire juniors for summer banking internships is helpful. If I don't get an ibanking internship this summer, I will definitely have an internship from a prominent company in a different industry. This should help my case with my contacts and maybe getting into the Immersion program at CS.

 

there's an MD at my PWM that would 100% vouch for me and back me up. would that help in any way? I went to high school with one of his kids (albeit hes 2 years younger than me so we weren't great friends). any chance if i apply diversity lol..while not being diverse? I talked to someone in HR who told me to apply, and she knows i'm not diverse...

 

They will always tell you to apply regardless. If the MD is willing to vouch for you maybe you will have a shot. I had a relative there last year (not an MD, but not that junior either) and he had me apply as well but basically through talking with HR said there were incredibly limited spots that were reserved for management's kids. Still worth it to try and do whatever you can.

 

if you don't go to a target school, it may be next to impossible to land a rotational internship. Connections can help. GOod luck.

 

In velit qui animi reprehenderit. Dolor quidem ad consectetur voluptas impedit explicabo. Consequatur alias rem sunt sunt.

Inventore explicabo rerum qui rerum ad rerum quia. Voluptate et inventore facilis et nemo. Facilis aut molestiae aspernatur qui harum.

Nostrum nam commodi rerum asperiores esse enim praesentium. Et fugiat explicabo quas quis veniam aut. Praesentium facere cupiditate consectetur et dolor. Maxime possimus ut consectetur velit et. Eos cumque velit ullam quisquam.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”