Alternative Investment (MS) Opporunity -- Take Over Back Office?

First Thread! Current Summer intern at MS in Finance. I just came back from a meeting with an MD who straight up told me I can get a job in his department (There is hope for people who know no one, like me), which is Alternative Investments at MS. I'm currently an summer intern in the Finance Department, though, and as my internship is coming to an end I have to make some yes and no's in the next month or so.

From what we just talked about I know that his department A) seeks and filters for investment opportunities in PE, Managed Futures and Real Estate, B) creates products and sells them to clients and C) manages those products when they are sold to clients (BlackRock, clients from WM, Clients from Asset Management)

I'm doing PnL for the traders as of now, so assuming I find nothing else over my last year at college, ya'l think this is better than Finance? Are there good exit ops?
Thanks!!!

 
Best Response

alternative investments at the big 3 is kinda analytical/kinda back office for wealth management clients. you'll do some due diligence on the managers & the process, but you won't be actually getting involved in the investment process (doing due dili on actual investments, managing a portfolio, etc.).

I think it's a fine job and from what I can remember MS has the biggest platform (bigger than Merrill, UBS, goldman). if your other option is straight up back office, I'd strongly consider it

 

Voluptas repellendus sed vel quas sit. Id nihil minus labore aut. Ad aut saepe sint consequatur omnis corrupti sed. Iure quia est iste similique. Et quidem eaque in ex voluptatem sit soluta. Sunt nulla quia non debitis et sed quidem.

Suscipit sint quis repellat et dicta amet. Nam incidunt et itaque. Dolor voluptatem reprehenderit quisquam. Voluptas voluptatem dolores sed tenetur ullam animi.

Ipsum id vero tempore enim. Est sed est quam velit ad quasi. Nostrum iure voluptate quia ducimus iste et aut.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
kanon's picture
kanon
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
numi's picture
numi
98.8
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”