Summer Associate MS vs BAML
Topic says it all, curious to hear others perspective on the associate program at both of these banks....
Topic says it all, curious to hear others perspective on the associate program at both of these banks....
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Generally speaking the fixed income stuff won't really affect IBD, and is probably an issue at every bank (the market itself is down for largely regulation-driven reasons, and MS was never a great fixed income trading house in the first place).
Of the friends I have at both, people tend to seem happier at MS, but it's also pretty group dependent. M&A at both places seems miserable. You should really just go wherever you like the people better. Or if you're not married to any specific group, the pool is probably an incremental benefit just because you aren't forced into a group off the bat that you may end up not liking.
What he said. According to WSO's "prestige consensus" MS ranks higher, but in practice they're both great firms to start at and how well you perform on the job is probably going to matter a lot more than the slight difference in prestige. How much you enjoy working with your team since how well you like each other will in no small part determine your deal experience.
As a result, fit will probably be the most important factor for your exit opportunities. It is exponentially more important if you want to stay in banking and advance within the firm.
Classmate (class of 2014) at MS mentioned last week that some associates in IB were let go right before bonus. Something to consider.
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