MS NYC Generalist Program Group Rankings & Placement Process
Got my offer to Morgan Stanley's 2027 IBD Generalist program in NY. Wanted to hear from those who have gone through the placement process recently, since most of the information on here about the groups is outdated (5yr+). Also feel it could be helpful for those wanting to recruit MS NY. From my understanding there are 9 groups that you can place into through the generalist program:
Consumer & Retail, Financial Sponsors, Global Power & Energy (formerly GPUG), Healthcare, Industrials, M&A, Media & Communications, Technology, Transportation
From what I know M&C and GPE model in-house while other coverage groups pass execution to M&A — how accurate is that, and where do other groups (especially Industrials) actually fall? Also curious how exits look out of Industrials and GPE specifically.
For the placement process — is it recommended to network beforehand? Have had people say that it would be good to network before the process starts, also heard that it is discouraged and we should just use the allocated time come the process. The process starts in February, and was considering reaching out to some people this month.
Any thoughts would be greatly appreciated!
bumping
i think GPUG and NY Tech do modeling in house... think M&C splits modeling with M&A. Networking with school alum could be beneficial beforehand. Still, I would not overdo it; they give an ample amount of time to network during the placement process.
Exits are great for every group. If you know you want MF PE, M&A is the clear answer. However, every group sends analysis to BX, KKR, TPG, and Apollo. If you are looking for the best mix of modeling, culture, and exits, it is probably financial sponsors (execution heavy with LBOs), GPUG, or M&C. I think financial sponsors and M&A were the two most wanted groups in my intern class.
Appreciate the info! Unfortunately do not have any school alum in the NY office, so that is mainly where my worry stems from.
Targeting more of a HF exit, but good to know for PE if my plans change. Really gives me a lot of good things to think about. Thank you again!
FIG isn't in generalist? Forgive me if naive but curious to understand.
It's not no - you recruit to it directly.
the info is old, not outdated, which is why you can’t really find new info. For PE:
1. M&A — doesn’t need explanation
2. M&C — see PJT
3. GPUG — though the lifestyle arb is gone nowadays
4. NY tech — active sector, historically strong tech team out west that spills over, MS has strong ECM desk, etc etc
5. Rest (though consumer better lifestyle than Ind, Transpo)
6. FIG / RE (recruit separately but both strong at what they do, with RE probably the best there in terms of M&A / IPO reps per analyst)
For HF, anything else, prioritize top coverage groups.
Appreciate it. Makes sense, wasn't sure if there had been structural changes last couple of years (as I know other BBs have had)
This info helps though thank you!
Understand it's different but any color on GCM groups?
Bump
Interned in fsg a few years back - really collegial culture and everyone who wanted it exited to a mf or top umm. More chill hours than m&a, but maybe not as involved in the processes generally
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