Morgan Stanley vs. Credit Suisse S&T SA
I have offers from MS and CS for their summer internship 2012 in London. CS is solely in fixed income and commods, whereas MS I could end up in any of equities, FI, or commods. They're both pretty similar programs - three 3-week rotations, with 1 week of training, compensation is pretty much the same, etc. The difference is that with CS you get to note a preference for your 3 rotations and then they match you based on which divisions want you as well, nearer the time of the internship, whereas with MS, you have no say in your first rotation, they look at your skillset and put you where they think you fit best (So I could end up in equities which I really don't want).
I'm leaning towards FX/Commodities/rates. I know MS > CS for commodities, but I like CS more overall.
Which would you choose? Would I be any worse off in my career in the long term if I choose CS? Or is there not much in it? Thanks.
How did you manage to get an offer so early? And if you prefer CS then go with it.
I did a spring insight week for each - if you're good on that week, you get a fast-track straight to a superday ahead of everyone else who has to apply in autumn.
Also, correct me if I'm wrong, but considering FT prospects, are MS more likely to recognise you in terms of pay if you perform well? From what I can gather, MS compensation is much greater, but I may be wrong.
CSFB has a better fixed-income franchise. I'd say go with them and also for the fact that they take your preferences into consideration.
MS > CS.
But why? It's the why that's going to help me make up for my choice.
Go with whatever firm you think you'll enjoy working at more. Some times looking at names is not always what you want to have on your resume. If you have a great name, but a shitty job that you hate, then is that really better than working at a lesser firm on a desk you want to?
If you like CS overall and you think you have an interest in FI/Com./Rates, then go with the desk that will give you that exposure. It sounds like you've also made up your mind without saying you have. Go with CS buddy.
Also, I don't know if I should take into consideration the effort CS have put in. I mean, having heard I had an AC with MS, they brought me into their offices to meet various members of staff, do some shadowing on the desks I was interested in, be taken out for dinner, etc. which I thought was nice that they were making the effort to make me feel comfortable with them.
Plateau. Was nice. I think tbh, that I'm leaning more and more towards CS now. My friend told me to flip a coin as well; I kept getting MS and kept feeling disappointed with the result...
CS by far. MS has one of the worst performing S&T franchises of all the BB banks.
That's a nice place :p I'm hungry now.
edit
Yeah, but that's my point - I am considering commodities, but it's just one desk i'm interested in. I may well be interested more in FX. I guess the thing I'm wondering is if I choose CS, do my rotations and get a job offer for commodities FT, will I be hugely disadvantaged in the future than if I'd chosen MS, e.g. if I ever wanted to move banks?
CS vs MS, FI S&T Internship - Any opinions or advice? (Originally Posted: 02/12/2010)
Choosing between Fixed-Income Summer Analyst offers from CS and MS. Trying to choose between them...any advice? Both are rotational programs.
If you state an opinion either way, please clarify why.
From my understanding, CS has a pretty legit FI group (correct me if I'm wrong) and MS is not relatively as strong. However, MS has the name. Regardless, you can't go wrong. Did you receive an offer with both?
Yes, I received an offer from both. I have no idea about how either FI group stacks up against one another, honestly.
CS vs MS, FI S&T Internship - Trying to choose between the both (Originally Posted: 02/10/2010)
Choosing between FI SA offers from CS and MS. Trying to choose between them...any advice?
CS for sure, MS FI, especially rates, is now a small player, only very strong in commodities
Which desks? Which company's people did you like more? Where do you think you have the best chance of getting a job?
Pretty much the only three questions that matter.
CS has great people, their fixed income is doing better than Morgan Stanley. However, Morgan Stanley has a bigger name. If you are not as interested in working for CS FT and want to use your summer experience as leverage for FT recruiting, you should take Morgan Stanley. Morgan Stanley on your resume will get you just about any interview you want come fall.
C1emen7s - sort your life out and go with CS.
SA offers: MS S&T v CS S&T (Originally Posted: 02/18/2010)
I currently have summer fixed income sales and trading offers from both Morgan Stanley and Credit Suisse, does anybody have advice about which offer to accept? Thanks in advance for the help!
Check your PM.
CS is better
CS
where are you located, I'm doing Fixed Income SA CS in London. They seemed pretty flexible around areas that I can work in during internship.
Unless you really liked the folks at CS or hated the folks at MS, I'd probably go with MS. Remember that traders can be very intense people with strong personalities and you'll be working with them 60+ hours/week, so it's important to make sure you like them and the culture.
That said, there has to be a significant difference to turn down an offer from a firm like MS, all other things being equal (I'm assuming you're getting hired in NYC for a non-pre-placed position).
what about for equities? any advice about equities S&T in CS vs. MS?
MS has historically been pretty strong in equities/commodities. All other things being equal, I'd pick MS, but things are rarely equal. See if you can find some analysts in equities CS and MS and get some honest input before you make your decision.
If you hate working 70 hours a week and the CS guys seem to have it easier, CS will probably be better for you in the long run. If there's nothing about the two work environments that you think is different though, or if you think MS's work environment is better, then obviously you want to go with MS.
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