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there is a major thread about the rankings with a discussion on GS versus MS. is this for summer or full-time?
I know MS has had a big restructuring in their dept and many people got let go.
It's for summer, though if I like it I do plan to stay. I have read other threads regarding the relative rankings of GS and ms, but most have been based on ibanking. Any word on their equity research groups? And 03banker, do you know why they had a big restructuring in their department?
I vote for Morgan Stanley.
GS may be committed to do solid research, MS is committed to do the best research.
I actually just interviewed with MS equity research this past Tuesday. Didn't get the offer tho. Still young, will try next year.
Institutional Investor does an annual survey of buyside shops, asking them to vote for their favorite analyst in each sector. The winners of this survey are the "All-America Research Team."
This basically tells you who clients believe are doing the best research. Probably the closest thing to a league table in ER.
very few banks truly care about II anymore. institutional investor has become much more of a beauty contest, whereas most banks care a lot more about client votes, greenwich poll and the like, all of which are much more telling about how much revenue is actually being derived. MS actually plummeted in the II ranks last year but that's because the general business strategy there was to focus more on generating revenue from clients that were actually willing to pay, rather than the ones who just cared about casting II votes (since that doesn't necessarily translate to $$). GS hasn't particularly cared about II for a while now. lehman was #1 in the II polls last year for the fourth year in a row (or something like that) yet they've taken a similar stance as well. II ranks are really a thing of the past now that the research business model has changed so much.
you would have good exit opportunities at either firm. yes, there was a major restructuring at MS last march, but that also opened up the opportunity for a lot of young associates to become coverage analysts, and comp was very strong in the winter because there were fewer md's around to eat the big slices of the pie.
i think you should go with the one where you feel like you'd be a better fit for the culture. so much of your individual experience really depends on your team itself and the coverage universe, and that can vary a lot even within the firm. however, you're more likely to make a good decision if you stick with people of your same ilk and both MS and GS have strong cultures. you'll be fine either way and since it's a summer internship, you really can't go wrong.
btw, i've worked in research, and may even have worked at one or both of the firms you mentioned. without betraying my identity, i figured i'd put that out there just so you know there's some basis for my opinions. best of luck. you're in a good spot
numi, is there any way to get access to greenwich and other more accurate rankings?
Hi monkeynumber7, may I know what are the questions they asked for the position in the interview? Thanks!
hey....will doing ER at a BB after my sophomore year help me getting IB for my junior year summer....thanks for your help
Take the MS job. Then again, you wouldn't expect me to say any different.
Take GS - better name, and that matters a lot as a summer intern, regardless of what anyone thinks. ER at GS and MS are a bit weak these days, but you don't want to be hitting up Bear Stearns either. Take GS, take the name and then you make a name for yourself.
Alternatively, pick who you'd have the best time with. ER is a place where you can the best regardless of your bank b/c it's all about your team. Pick who you like better, b/c that'll make your experience better.
Grasshopper speaks wise words.
He don't know jack about Bear Stearns though.
take the name. If it's full time, take MS. The best research out there is ML. GS equity research sucks.
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