Morgan Stanley Finance v. Deloitte Securitization => FT IBD
Junior Non target with goal of Boutique/MM FT IBD
Two SA offers:
Morgan Stanley Finance, most likely product control
Deloitte Securitization, mostly CDO's, MBS, ABS
-Some valuation of the cash flows from these securities but it mostly seems like the accounting and compliance behind the distribution of the cash flows from the various tranches. Clients are usually the investors in these securities, have seen some people move to structured finance at BB's
only MS finance if you already have a wicked GPA and ECs, or its the Princeton or MIT ones. Otherwise, take the jobs. The kind of jobs you'd get from MSFs without a top GPA and internships would be lower than the jobs you have offered to you.
Wouldn't rule out FT IBD. Neither of those SA positions will preclude you from getting a full time offer if you're otherwise qualified and there are spots open (even at a BB).
Do you have any advice on what I could do to better position myself for FT IBD? i.e modeling course, I know networking will be important. My biggest concern is not having any prior IB experience
Thanks for the input, definitely a great confidence boost
Take the internship and keep networking. You're a junior, too early to be thinking about the MSF.
MS Finance as in Morgan Stanley Finance, sorry about the confusion I edited the post
Valuation over Corp Finance / Product Control, even if its at a BB. Go with Deloitte.
Its not pure valuation though, theres a separate group that actually builds the model, the way they described it to me it sounds like they just check the assumptions the model
Model Validation? Still better than PC. I think you should take it with the goal of transferring internally to the MM IB (Deloitte corporate finance).
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