JP Morgan is Better than Morgan Stanley
Don’t know where MS employees are getting this false sense of superiority. JPM has been out preforming MS for years across products. Time to update the narrative for what is actually happening.
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outperforming as a whole but not on a per capita basis because MS is a smaller firm in terms of headcount. Also shareholder returns don’t lie being that dimon and gorman care so much about them. JPM leads in DCM/LevFin due to their ability to leverage balance sheet, but ECM/M&A are MS for sure.
Accurate, I agree with this. Just finished recruiting for both JP and MS and felt people from MS were way more impressive- I hope I get the offer lol
I was not as impressed with MS as much as JPM when I recruited. Glad I went JPM. They seem to have all of the momentum.
To say MS wins out in M&A is completely false. If we are bringing a legitmate and scientific approach to this discussion, look at their 2021 10-Ks. Here is how they shake out across advisory, equity and fixed income fees generated.
Advisory -
JP Morgan: $4.4 billion
Morgan Stanley: $3.5 billion
Fixed Income -
JP Morgan: $5.0 billion
Morgan Stanley: $2.4 billion
Equity -
JP Morgan: $4.0 billion
Morgan Stanley: $4.4 billion
Summary - the only product Morgan Stanley beat out out JPM on was equities. JP generated higher fees for Advisory (M&A) and Fixed Income.
how about revenue per capita from those groups?
Nice. Very impressive. Let's see Paul Allen's fees.
- Angry JPM b school associate that struck out at GS/MS and developed an inferiority complex
Yeah man, you guys are so great doing less M&A than us even with 2x the bankers and 20x the balance sheet
I work at JPM and we've beaten you at bake offs multiple times?
and how many have you lost?
I'm the only intern who has posted thus far and have gotten my information from intern email lists and standing up from my desk and utilizing my god given eyes. It isn't that hard to get a rough estimate of broad IB head count in NA at these firms. Also just crack open the recent earnings reports from MS and JPM to see product performance (not to mention I’ve spoken to bankers having gone through the recruiting process at each firm). Not sure why you wouldn’t roughly know what each firm is good at as an associate? MBA associate?
So you are working at both firms at once and that gives you insight into each of their headcounts? Idk doesn't really make any sense. I think you can only deduce headcount from the firm you work at.
Also, I just cracked open their 2021 10-Ks. Here is how they shake out across advisory, equity and fixed income fees generated.
Advisory -
JP Morgan: $4.4 billion
Morgan Stanley: $3.5 billion
Fixed Income -
JP Morgan: $5.0 billion
Morgan Stanley: $2.4 billion
Equity -
JP Morgan: $4.0 billion
Morgan Stanley: $4.4 billion
Summary - the only product Morgan Stanley beat out out JPM on was equities. JP generated higher fees for Advisory (M&A) and Fixed Income.
The only way to overcome small d*ck energy is apparently to come on an anonymous forum and post a point-by-point analysis of why your bank is better than other banks.
MS Media and Telecom in NY destroys JP Morgan as a firm.
I'd rather be in that group than any at JP Morgan.
Thus MS is better than JP Morgan for me.
JP Morgan is full of weirdos who act like its a Big 4 firm.
Lmao what? I'm pretty sure JPM Media & Comms has led the space something like 5 of the last 6 years...and per the current sector ranking, JPM M&C leads at 1.88bn. Wasn't MS not even on Discovery/Warner or Disney/Fox? Totally insane assertion when it doesn't even look like MS M&C beats JPM's M&C lol
Goldman employees reading this thread, seeing verified MS monkeys debate with JPM employees over who's second best:
Goldman employees don't read this dump of a forum. That's why they work at Goldman and not in your mom's basement.
God this horrible thread was actually featured in a wso email