Operations at Morgan Stanley or Equity Research at MM for Summer Internship?

For my junior year summer, I'm torn between these two offers. I've gotten conflicting advice suggesting on the one hand, that I take MS for the brand name, and on the other, MM for front office experience. Ultimately, I'd like to end up in corp fin or in-house strategy/consulting. Any advice?

Comments (15)

May 10, 2022 - 2:21am
astrorunner3, what's your opinion? Comment below:

Cheers, thanks for this. My uni career counselors weren't very familiar with Berenberg so they were worried I'd have more trouble with FT recruiting, but hopefully it's more well-known to people in finance

  • Intern in IB - Cov
May 9, 2022 - 7:14pm

It will be cool to say you work at Morgan Stanley but once someone asks what division, you'll get laughed at for being back office.

May 9, 2022 - 10:48pm
Pushin P-ower point, what's your opinion? Comment below:

Berenberg for equity research. Assuming NY office - you'll gain greater exposure to markets, have greater responsibility, and deal with more interesting work. You'll also be better positioned to compete for a greater number of roles when exiting.

Plus the possibility of traveling to their London office is always a plus.

May 10, 2022 - 2:19am
astrorunner3, what's your opinion? Comment below:

Thanks! ER does seem like it's more suited to exiting into strategy roles. I'll be based in the London office (vs the middle of fucking nowhere for the ops role) which I also think would be much better for networking and general exposure

May 11, 2022 - 4:25pm
2rigged2fail, what's your opinion? Comment below:

Equity research to 'in house strategy' lmfao, have you not bothered to do 30 seconds research on strategy & operations? how are you going to be an analyst if you don't have the ability to research things?

  • 1
May 10, 2022 - 3:44am
kemivahnie40, what's your opinion? Comment below:

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