theteam:
DickFuld:
So, instead of trying to get a higher value for their stock, you think the management of Morgan Stanley should focus on upping the prestige factor to 21 year old kids looking to enter banking by dropping their high multiple PWM business?


No no no. Totally agree with you that PWM is a solid, high-margin revenue generator for the company and has paid off in dividends since the Smith Barney acquisition. But PWM is entirely separate from any and all value-adds of MS e.g. its human capital (IB, ER, Equity sales). MS is an extremely elite firm, if not the best on the Street currently. That was the point of this post. But MS doesn't make panties wet like a GS name-drop which IMO is due to its strong ties with PWM. But maybe I am wrong or, maybe, that was the price Gorman paid to revive the magenta behemoth from near-default.

Panties wet? Really?
 

My favorite one from GS Elevator was "They're so washed up people should tell their kids to go and Morgan Stanley before dinner."

I'm sure it's just a rivalry thing.

 

It's ego; they are always top 2. Dealflow aside, I would generally say MS is better to work for as a banker.

GS is a trader's firm...while this holds across the street, Goldman is an extreme case. Morgan Stanley still holds corporate advisory as its main business (even if that is not true with regards to earnings).

But in all honesty, it's a moot point. They are both top notch banks. It is like weighing Harvard vs Princeton. You can make a case for either.

 

Certain GS would come on top.

[quote]The HBS guys have MAD SWAGGER. They frequently wear their class jackets to boston bars, strutting and acting like they own the joint. They just ooze success, confidence, swagger, basically attributes of alpha males.[/quote]
 
SECfinance:
If given the chance I'd work for JPM or MS over Goldman.
I'd like to believe the same about myself but I don't know if it would hold true. If I had offers from all three I am definitely saying hell no to MS but then it leaves JPM and Goldman. People I actually like (JPM) or the absolutely most prestigious shop (GS).

It's like Harvard, Princeton or Yale. For all intensive purposes you're getting the same experience. If you were accepted to all three would you really say no to Harvard?

 

like all things, those who talk the most shit are always the ones who have the most to cover up imo. I mean honestly, if GS truly truly thought they were better than MS would they constantly have to say it? Its the same shit with Boston/ New York sports, when you talk you just look insecure. Just stfu, do work, and let it speak for itself

GBS
 
GoldmanBallSachs:
like all things, those who talk the most shit are always the ones who have the most to cover up imo. I mean honestly, if GS truly truly thought they were better than MS would they constantly have to say it? Its the same shit with Boston/ New York sports, when you talk you just look insecure. Just stfu, do work, and let it speak for itself

Amen.

 

This dick measuring bullshit is such a turnoff. You run the world, if you have made it to the top do you need to nitpick over this stuff? Really? I understand that outside of a work setting people from different firms probably have a lot of respect for each other but a lot of this is just...gay.

I asked about exit ops from the IBD divisions a while ago and people said they were the essentially the same across all of the BB banks. So why people care so much about which actual bank they work at baffles me. Division/specialty I can understand more.

 
FusRoDah:
This dick measuring bullshit is such a turnoff. You run the world, if you have made it to the top do you need to nitpick over this stuff? Really? I understand that outside of a work setting people from different firms probably have a lot of respect for each other but a lot of this is just...gay.

I asked about exit ops from the IBD divisions a while ago and people said they were the essentially the same across all of the BB banks. So why people care so much about which actual bank they work at baffles me. Division/specialty I can understand more.

FYI exit opps are not the same across banks, especially when you compare among top tier exits.

 

GS prestige is getting hit more and more with all the scandals. They are in EVERY SINGLE dodgy stuff, and the gap with competitors in terms of financial results have narrowed a lot or even inverted since the crisis.

Plus, the culture there is a bit too "heavy" if you see what I mean, you have to "think and live GS".

I think MS is a more balanced and enjoyable firm for people who are not in the "GS mindset".

But that's just me.

 
BananaBoy:
I guess since it is not a word, it could be spelled any way I like. Why you have to be so profane my friend.
That's like saying "Coca-Cola is not a real word so I can spell it Kocha-Kollah".

You're an idiot.

 

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You know you've been working too hard when you stop dreaming about bottles of champagne and hordes of naked women, and start dreaming about conditional formatting and circular references.
 

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