Morgan Stanley Real Estate Summer Internship Advice

Hi,

I am currently preparing for a second round phone interview with an associate in the Morgan Stanley Real Estate Investing group.

Some background,
I am studying economics & accounting. I also have had two internships in the real estate industry so I have a decent understanding of the acquisitions process and am very familiar with the excel calculations and models relating to real estate.

I was hoping someone would shed some light on some of the differences between first and second round phone interviews for a group like this. I spoke with an analyst and now will be speaking with an associate.
Will there be similar questions (resume, fit type, basic technical questions) or should I expect something completely different or more intense? I was thinking it may be similar and another member of the team would just like to get a feel for me as well.

Also,
Any advice on the final round in person interviews would be appreciated as well. Thanks in advance.

 

I don't know what office you are talking about, I interviewed with an associate the other day (full-time but still relevant I hope) and it was more technical questions. You have to repeat your story again obvi but the focus, at least for me (london office) was technical and showing that you know your shit.

 

Zewa. Very interested in the interview u had with MSREI and it will be great if you can get some debrief on the type of questions asked and some tips maybe.

Willywonka1493. Which location are you referring to? I think the last round will be an Assessment centre style with casestudies isnt it?

 

It's a analyst position, for real estate fund of funds.

supporting investment and business reporting.

what does real estate fund of funds do? what skills and qualifications they need?

 
Best Response

real estate FOF manages capital for pensions, high net worth individuals, etc.... they invest this capital into real estate PE and/or real estate hedge funds. Usually what you're going to be doing is looking at new fund offerings and deciding whether or not to make an investment. Basically, you're going to be evaluating the firm's team (all their resumes and qualifications), track record (past investment performance), strategy (focused, diversified, opportunistic, core, value add, etc) and target sector/market (geographic region, residential vs. retail vs. office, etc.)... You'll be doing a lot of DD work in background checking all the people at the senior positions in the firms you want to invest with (like calling references, etc) and you'll also be evaluating their financial models / strategies to judge feasability, risk, upside potential... etc.

Basically you'll be deciding which real estate PE funds you want to invest on based on whatever strategy (or lack there of) your FOF is targeting.

 

some of the FOF analysts/associates I've spoken with (and that's a ton, because I work for REPE and have the responsibility to hang out with the younger people who come over from america/europe to look into our fund) say that they like the job... they get to travel a lot (we're in china, for example) and the hours aren't bad but the pay is still solid. Others however, say that they really don't working at FOF. The work is not challenging, the pay isn't is as good as banking/PE and 90% of the work they do is on reporting / analytics stuff which is basically like back/middle offices. I have a feeling at a big fund like MS would manage they're not gonna be sending analysts to china to DD teams... they're going to have directors and MDs doign that stuff and you may be compiling reports and doublechecking references all day. The hours should be okay though... there's just not that much work for FOFs to do.

 

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