18 Comments
 

I suggest asking why the traders are making such and such trade.. what is their reasoning, why do they think it will work, etc..

"Major in economics; use your economics degree to get an analyst job on Wall Street; use your analyst job to get into Harvard or Stanford Business School; and worry about the rest of your life later"
 
Best Response

What do you want to know about it?

It is a good place to be generally speaking. As in any capital markets groups DCM/ECM have much tougher exit opps than do coverage banking groups. MS mixes in LevFin in its GCM and they sit on the same floor and not with the bankers. Open floor- people sit next to their MDs, VPs, etc. Hours depend on the desk but most are there before 7:30 and end time depends on the amount of work. DCM/LevFin (the 2 I know the most about) have similar hours to banking but different times. Maybe 7am-10pm or so (as opposed to a 9-12am stint). I've heard ECM has lighter hours, but cannot verify if this is true. Overall I think it is a very good division at an obviously highly respected bank- capital markets groups in general are stronger at larger banks like JPM, Citi, BAML (larger balance sheets to work with), but if you can get anything at MS you are doing something right.

 

It's like ECM/DCM, also some syndication and structuring. some people have downplayed it as "less than true banking" but don't listen to those people, since GCM plays an important role in the firm.

 

I also would appreciate any info on what exactly a Capital Markets analyst position would entail.  Based on a 1st round interview, the lifestyle seems like Ibanking lite - i.e. fewer hours (7-5 type of thing) and the comp is less as well.  But it can be as intense as IBanking if you're working on a live deal.  Anyone else have something to add?  I'm more interested in the work - what they do, how they fit into the operations of the bank...

 

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