Morgan Stanley FSG
Hey,
An alum from my school works for Morgan Stanley's Financial Sponsors Group. I had the chance to speak with her about the state of group and industry and she informed me that all of the work coming out of the sponsors group right now are IPOs. As I'm thinking about groups what do people think are the prospects for analyst starting in July 2010 in the sponsors group? I know all PE firms are using IPOs as a common exit, but by the time I start will that still be the case?
Thanks
IPOs and recaps/refis...there's a huge amount of refis that will need to be done from the junkie deals cut in 06-07
Look if you can get a job at Morgan you're in top shape, that said FSG would be a great group. You'll learn everything you need to know and have the white shoe branding headhunters and large shops love.
Back in 2008 two guys from FSG in SF placed well... one to H&F the other to GA.
Is there a lot of modeling done in FS? As opposed to groups like tmt or chg? Is it on par with those for a PE or HF exit?
Bd are you talking about morgan in general? FSG at morgan is a legit group. If you're focused on modeling you should aim for their M&A group which is one of the best M&A groups on the street.
When you say TMT, its way better unless you're thinking Goldman TMT, then its probably in the same range, you'll get the same interviews (assuming you have the right school / SAT score).
If you come from a non target, does that hurt you for private equity interviews?
tech buyout: what are the strongest groups in ms other than m&a? from what i've heard: their media and telecom group is top notch, so is healthcare and diversified industries. pls correct me if i am wrong.
Morgan Stanley FSG M&A (Originally Posted: 03/21/2007)
How good is this group? Where does it rank next to MS M&A, FSG, or Media/Communications, or Morgan's other top groups? Thank you very much!
Awesome group. Lots of deal flow on the principal investing side as well. Very small tho.
Just for curiosity's sake...when you say it's a small group, how small do you mean? Less than 20 bankers? 15?
like 3 analysts ish I've heard. FSG has like 20 analysts.
Wow, ok, that's really small then. Thanks for the info.
Don't let that distract you - I've seen them around the PE interviewing circuit quite heavily.
3 was only last year, I think the class of 2006 was a little bigger, maybe 4 or 5.
They do place very well as for the three, two are going to General Atlantic and one to KKR west coast
I heard this group passes off the execution of its deals to other groups. Does anyone know if this is true?
Is Morgan Stanley FSG M&A better than the generalist Morgan Stanley M&A group? Thanks!
I don't think you can really go wrong with a tier 1 bank on your resume (especially as an analyst), who was hired straight out of school (lateraling is often perceived negatively at the analyst level).
As for a group, I think you need to prioritize your reasons for joining a group. 1) Exit Opps 2) Personal Interest 3) People
UL, 1A) I'll just assume you go to an average target school like a Michigan, Cornell, NYU, etc. Ok you have decent credentials..Will you get all of the interviews from Morgan Media? I'd say you have a shot, but don't expect every mega fund to be knocking on your door. But if you have the right group, right group backing (recs, calls, etc) you may have a shot 1B) Wait I was wrong, Your HYPS/W and have Morgan on your resume, you should get 85-95% of the interviews you want as long as your team didn't call the headhunters and say you're an ass clown. Trust me you're gonna botch a bunch of them (I sure did)
2) Some people do banking because it opens a gateway into something they have a strong interest in. A guy in my analyst wanted to some day work at a large hotel chain and eventually take over his parents' hotel empire, so he looped in with the real estate banking group and is doing well at Wynn.
3) People, maybe you just want to get a good experience, without a bunch of assholes, so you go for the group where you think you'll mesh well and/or make lifetime friends, etc. I was in a wedding party of a guy in my analyst class, so alot of the friendships you develop in banking are often some of your best.
So don't be so caught up in the group thing, everything works itself out. I was just like alot of the guys on this forum. I only wanted Goldman, Morgan M&A, or UBS LA (I'm a few years older than you guys) and UBS LA was the shit back in 2005.
Tier 1 Bank = Goldman / Morgan
Does Lazard/JP Morgan go into tier 1? Lazard places exceptionally well doesn't it?
It's always been GS/MS.
I'd take Blackstone NYC or Moelis LA over those 2 banks any day.
But I wouldn't for BX M&A
BX advisory is good don't sell it short.
i'd take Lazard for exit ops over GS/mS in general unless its GS TMT or MS M&A
ibhopeful, that's why you're an idiot.
thnx
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