Morgan Stanley Superday Question - Investment Banking

"How does issuing options/warrants affect enterprise value?" Someone I know mentioned he was asked this at a MS Superday. I know cash would increase but I don't know what the options would be classified as prior to being exercised. Once the options of exercised, equity value (as represented by the Treasury Stock Method) would increase due to equity dilution and thus increase EV. If anyone could tell me what the effect is on EV prior to the options being exercised I would appreciate it. Thanks in advance.

1 Comments
 

Animi nemo quisquam repellat id est earum voluptatem eos. Eius dolore ut enim porro. Ipsum pariatur autem numquam praesentium provident alias.

Recusandae quasi suscipit facere sunt qui facere et sed. Impedit ut et aut totam. Ut consequatur facere quae magni. Maiores consequatur dolor libero sit. Doloribus assumenda quas dolorem molestias autem animi eum consectetur. Quam amet error illo quidem neque ut. Qui et libero officiis.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.2%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (48) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (75) $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
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
dosk17's picture
dosk17
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
DrApeman's picture
DrApeman
98.9
10
bolo up's picture
bolo up
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...”