credit risk summer analyst - morgan stanley interview

soup666's picture
Rank: Senior Monkey | 71

Hello there,

I am having a summer internship interview with Morgan Stanley, and the position is credit risk summer analyst.

I am kind of confused about the job repsonbilitis for this job. Though I understand the job responsibilities of a credit analyst in a commercial bank include looking at an institution or person's financial history and credit history to determine whether the bank can lend him the loan, I am not sure about whether it's the same for the investment bank.

Also, do you by any chance know the potential exit opportunities for this position? How hard is it for a credit analyst to break into IB or PE?

Below is the selected job description for your reference:
The Summer Analyst Program is a 10-week, rotational Program beginning in June. Analysts will rotate between the following two teams:

Lending Team: The Lending Team works closely with the Investment Banking and Capital Markets departments on the origination of loans supporting M&A, LBO, and other financing needs of the Firm's corporate clients. Credit analysts are tasked with developing a thorough understanding of the nature and structure of lending transactions, conducting due diligence and fundamental credit research on prospective borrowers, and monitoring the financial strength of existing borrowers on an ongoing basis.

Counterparty Risk Team: The Counterparty Risk team works closely with Sales & Trading desks on the execution of a variety of derivative transactions to support the hedging and trading needs of the Firm's corporate clients, hedge funds, and financial institutions. Credit analysts are tasked with conducting fundamental credit research on the Firm's trading counterparties, understanding and quantifying the credit risk generated by traded products, developing strategies to structurally mitigate risks through collateral arrangement and other risk mitigation techniques, and monitoring the financial strength of counterparties on an ongoing basis.

Comments (42)

Dec 31, 1969

or I guess not :(

Dec 31, 1969

How did it go? I have one tomorrow and have similar concerns.

Dec 31, 1969

Financial statement questions, revenue concentrations, debt ratios, macro issues for specific sectors, pension liabilities, geographically concentrations, etc

Dec 31, 1969

bump

Dec 31, 1969

bump

Dec 31, 1969

is this an internship or full time

Dec 31, 1969

I'm interested in hearing about the internship position.

Dec 31, 1969

interviewed with the group a while back. you will get typical accounting and credit related questions. no questions on valuation for obvious reasons but if you have something listed on your resume they may call you out on it. this group is really into college football for some reason.

Dec 31, 1969

what does the job posting say?

Dec 31, 1969

MS Credit Risk is Middle Office and is divided into two segments lending (underwriting) and counterparty (derivatives)

Dec 31, 1969

I was wondering about the questions I should expect? I heard it is very technical even in the 1st round and questions like:"Evaluate risk of a company" will come up.

Do you have any advice/suggestions? I would appreciate it very much

Dec 31, 1969

Has anyone been advanced to the super day Round or heard back from the Super Day Round?

Dec 31, 1969

Did you interview for MS as well? Last time I saw ur post about the position for a BB but didnt know which one you had

Dec 31, 1969

That is not a technical question by the way that's very basic. Understanding risks (financial, specific business, and markets sector) is step 1 re: knowing your stuff.

Dec 31, 1969

Know yourself and then how general risk ratios, evaluating a risk profile (know industry, company, financials => make sure they have cash to make payments and avoid default ratios)

"Hire character. Train skill." - Peter Schutz

Dec 31, 1969

It is indeed a fast-paced environment there but the team is very supportive and feels like everyday is a new learning experience.

Dec 31, 1969

Bump

Dec 31, 1969

bumpppp

Dec 31, 1969

Still waiting

Dec 31, 1969

Do you know if anyone got an offer yet?

Dec 31, 1969

which cities r u guys applying to?

Dec 31, 1969

Nyc. U?

Dec 31, 1969

My friend got an offer yesterday

Dec 31, 1969

Know someone who got an offer yesterday as well through a phone call.

Dec 31, 1969

Know someone who got an offer yesterday as well through a phone call.

Dec 31, 1969

Hong Kong; got an email saying they're going to finalize the decision in the next few days. :/

Dec 31, 1969

anyone else heard back?

Dec 31, 1969

they told me that I will get a call sometime this week. do they call to let people know that they got rejected?

Dec 31, 1969

Weird, I have received no communication at all

Dec 31, 1969

same here

Dec 31, 1969

yay got an offer :)

Dec 31, 1969

Congratulations! Got a call yesterday, they still need more time

Dec 31, 1969

Also got an offer! Are there any sophomores here?

Dec 31, 1969
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