Morgan Stanly WM Internship value on resume for IB summer internships?
I recently met someone who works in WM at Morgan Stanly. Not a high up guy or anything.
He offered me a potential 9 month internship while in college to come in at least 3 days a week. I'd be doing mostly administrative bitch work type stuff.
My GPA will definitely tumble but I'm wondering if either way since I have significant time spend at Morgan Stanly ittl give me a 1 up anyway on the resume for future opportunities.
Please help me understand
I worked at a PWM group in NYC with MS this summer, although I got terminated early this week (long story, won't delve into it here) so take my comment with a grain of salt.
It really depends on the group that you are placed with. Since this was a big MS PWM branch in NYC, there were about ten other kids interning with other groups on my floor. Some of them were apparently doing some legitimate stuff with option strategies for client portfolios. The other extreme featured interns legit doing nothing. They were sitting for half the workday and then stapling shit together and scanning papers. I was about in the middle. My work mainly just consisted of reading internal-use market updates, listening in on market calls (with MS CIO Mike Wilson), prospecting clients through Zoominfo, and some administrative stuff. I know. It doesn't sound very interesting, but at least I was kept busy the entire time.
Here's my ultimate takeaway though. Any solid regional boutique is probably better than even a BB PWM. I don't say that because I got terminated early and is salty about that fact, but the work you do at PWM will become very mind-numbing very fast. Obviously, if you don't have any other intern offers, the MS opportunity would still look great on your resume, and if you end up recruiting for MS IB SA later on, it would help you answer the questions Why MS? or What made you want to work for us? a lot easier since you can say you like the culture and what not.
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