Bernstein ER vs MS ER

If I am interested in doing 2-5 years of ER, B School, and then doing consulting or corpfin in the industry i covered during ER, which of these offers should I take for a summer internship role?

Alliance Bernstein vs Morgan Stanley

EDIT: Just to clarify for AB, this would be on the Sanford Bernstein side and I would be in a team of 3-4 with the senior research analyst being a top ranked one, if you google his/her name you come up with a plethora of videos of him/her talking on cnbc/bloomberg tv. very well known analyst/top ranked.

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Comments (14)

Apr 21, 2013 - 7:37am

Raptor.45:
With the information you've given this must be a joke... of course go with MS...

The only reason you would ever take AB over MS is if you got a specific offer to work under someone who is a top ranked rock-star analyst at AB.


Really curious about your rationale.
Apr 21, 2013 - 12:08pm

SirTradesaLot:

Really curious about your rationale.

Another gem from Raptor

Raptor.45:

I like to have my trusty TI-89 on hand in case I need to do a calculation away from my computer - it also makes you look smart, diligent, and like you care about your job if you have it sitting on your desk. The TI-89 also demonstrates you've taken high level math/physics classes and are therefore well-educated.

I wouldn't really take anything he/she posts seriously.

Array
Apr 21, 2013 - 1:22pm

thunderfan118:
Wait wait wait... do you have an ER offer for Alliance Bernstein or Sanford Bernstein? If it's the latter, I'd take that over MS all day.

So sell-side ER > buy-side ER at the beginning of your career? What are the reasons?

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Apr 21, 2013 - 8:52pm

It depends a bit on the group, but in general, I'd definitely go with SB over MS. Happy to speak more about your choice if you want -- PM me.

Apr 22, 2013 - 5:01pm

Bernstein anyday. Just take a look at the caliber of their research analysts. >90% of them are experts in the industry, as in, they worked there. See if you can get your hands on a blackbook and compare it to other firms research. For the most part, they are unmatched in their level of insight.

disclaimer: i am a buysider who reads their research

Best Response
Apr 22, 2013 - 5:10pm

Sanford Bernstein, all else equal. Look at the first team Institutional Investor rankings and you'll see what I mean. Sanford Bernstein is top notch for sell side ER.

Edit: if sellside ER may not be your long term career goal (or even full-time career goal) I would go with Morgan Stanley. Morgan Stanley is a bigger name that will hold more weight when recruiting for positions outside of sellside ER or buyside ER (mutual fund, etc).

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