Goldman Sachs & Morgan Stanley Rivalry

Lemenz08's picture
Rank: Monkey | 46

Does being a summer analyst at one of the above preclude you from landing a full-time analyst position at the other?

Also, how common is it for banks to poach employees from other banks?

Comments (27)

Jan 27, 2012

well what do you think?

I eat success for breakfast...with skim milk

Jan 27, 2012
TonyPerkis:

well what do you think?

It's one of those things where you can go to a certain extent. Either GS won't hire anyone from MS or MS anyone from GS.

I'm wondering if it's an absolute or not.

Jan 27, 2012

I'm guessing photoshopping Lloyd's head on a fat boxer would probably preclude you from landing a position at either firm

Jan 27, 2012

A recruiter told me that my offer from MS makes me a "very appealing" candidate and they would love to stay in touch for FT recruiting...I dont think it hurts.

Banks really want talent that can produce money, and they arent going to let anything petty get in the way of that.

The almighty dollar is king...

Jan 27, 2012

no, I work at one and we have people that came from the other... doesn't hurt one bit

Learn More

7,548 questions across 469 investment banks. The WSO Investment Banking Interview Prep Course has everything you'll ever need to start your career on Wall Street. Technical, Behavioral and Networking Courses + 2 Bonus Modules. Learn more.

Jan 27, 2012

Infact I think it may help.... If you can get into MS/GS then MS/GS will most probably think your good enough to be at GS/MS. haha

Jan 28, 2012

I interned at GS/MS and only got a FT interview from the other. Other banks that were interested in me for FT were boutiques, such as BX, Lazard and Evercore.

Learn More

7,548 questions across 469 investment banks. The WSO Investment Banking Interview Prep Course has everything you'll ever need to start your career on Wall Street. Technical, Behavioral and Networking Courses + 2 Bonus Modules. Learn more.

Jan 27, 2012

if you want to work at GS, it helps in a BIG WAY to have previously worked for MS.

banks poach employees from other banks ALL THE FRIGGIN TIME. This is not a negative in the least.

Jan 27, 2012
gamenumbers:

if you want to work at GS, it helps in a BIG WAY to have previously worked for MS.

banks poach employees from other banks ALL THE FRIGGIN TIME. This is not a negative in the least.

GS invites interns from MS to recruiting events all the time.

Jan 28, 2012

how little you know. Ever since that fucking IPO.

Jan 28, 2012

Here's the OP from another post:

"MS is really a different league.. the best people with the most outstanding personality , experience and resumes are at GS." I believe he's also the guy who goes to parties where all they talk about is GS.

Hmmm, perhaps ExGSBanker and the others might be able to answer student22's completely non-toolish question.

Jan 28, 2012

but there is just something magical about GS

Jan 28, 2012

GS never had that magical aura to me, maybe because I was never impressed with the people i met there. i'd take MS over GS anyday.

Jan 28, 2012

Dude, Goldman was nothing before they floated. Now you have ex-pmd bsd's buying lear jets and yachts and shit. Before that point, they were just any other. Corp fin they still rule, but equities and derivatives aren't what they could be.

Jan 28, 2012

wizard:

"GS never had that magical aura to me, maybe because I was never impressed with the people i met there. i'd take MS over GS anyday"

I had the same feeling with MS people
2nd rung crap

Jan 28, 2012

I doubt that student22 will be working for GS, but if he is his comments on the forum only give support to what wizard said.

No disrespect meant to Goldman - I think highly of the people I know that actually work there - but MS isn't "2nd rung crap."

Jan 28, 2012
nothingman:

I doubt that student22 will be working for GS, but if he is his comments on the forum only give support to what wizard said.

One of the things I liked about the people I met at GS is that they never dissed other firms. You don't see people there going around talking about how they're hot shit. I would be highly surprised if student22 was employed there, because he would NOT fit into the culture at all.

Jan 28, 2012

GS is great no one will refute that, but so are other bulge bracket banks at the end of the day. Yea there is rankings/prestige/etc, but being a bulge guy at GS/MS isn't going to get you paid more than the dude at CS. At the end of the day, you eat at the same places, bitch about the same things, run into each other at bars, shop at the same stores.

I've never once met a GS guy think they are way hotter than me. It's mutual respect, yea I diss UBS, ML and shit online but its just a shitshow, no one gives a fuck in reality except maybe some funds.

--
Interview Guides
GMAT Tutors

WSO Resume Review

Current:
Senior Analyst - Hedge Fund
Past:
Associate - Tech Buyout
Analyst - Morgan St

Jan 28, 2012

You don't have any more prestige at any of the BB when you are an analyst (or even associate for that matter).

Do you make GS great? No (you don't even make it a better place, anyone at the other BBs could easily do your job just as well, plus or minus). Are you better than the guys that work at other BB firms? Perhaps, but it could be that you managed to nail your interviews at GS, and they nailed them at another bank. Do clients select a bank based on which analysts/associates are going to be working on the deal? No (do they even know? care?). Do other bankers look at you in awe because you are an analyst at GS and they are only an analyst at MS/other BB? No. Will being arrogant about other banks make you better at your job or help you get promoted / help with exit ops? Try it and find out.

So, if you want to work at GS, work at GS. It's a great place and has a great name that will help you later in your career. But don't put it up as the be-all-and-end-all of your career if you do or do not get a job as an analyst there.

Jan 28, 2012

Everyone knows that if you don't have an offer from Blackstone PE straight out of undergrad you're a peon.

Jan 28, 2012

As a huge generalization, the people at MS are much more conservative (definitely a good thing imo). MS is still THE true white shoe bank, which GS isn't anymore.

Also for those of you who say GS is better now that it is public, I think a lot of people who work/worked at the firm would disagree. Everyone I know liked the firm even more when it was private.

Jan 27, 2012

MS also loves hiring candidates away from GS. Know a guy who was at a financing group at GS and then made it to a top group at MS, not to say that was the only factor, but def helped according to him

Jan 27, 2012

CSFB MBA associate (1st yr) bankers bonus 2011 confirmed 20K.

Jan 27, 2012
socola2003:

CSFB MBA associate (1st yr) bankers bonus 2011 confirmed 20K.

Associate bonus....yikes. Assuming you posted in the wrong thread though.

Jan 28, 2012
Comment
Jan 27, 2012
Comment