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.

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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.
 
APAEThey 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'd actually disagree with the fact that it isn't URM-heavy, since at the superday (perhaps there were several?), I'm pretty sure it was all females or URM. As for my stats, I'm female, semi-target, had a previous summer internship at a small hedge fund. The superday was all behavioral/fit, and I was asked no technical questions at all.

A Posse Ad Esse, thanks. Any input on group selection?

 

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.
 

Anyone know when recruiting for this program starts this upcoming fall/winter?

"I did it for me...I liked it...I was good at it. And I was really... I was alive."
 

The Sophomore Rotational Program is separate from the RBF program.

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.

 

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.

 

I believe January 15th was the deadline. That was the deadline for JPM's Honors Program and I have heard that date floating around a few other times so the deadline may have already passed.

 

The MS recruiter told me that last year ten students participated in the sophomore rotational program, all ten were extended junior analyst offers at the end of the summer, and all ten accepted their offers. It must have been a very good program.

 

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