Morgan Stanley vs. JPMorgan Investment Banking Summer Associate?
Having trouble choosing between these two. No idea about group assignments. Anyone have any opinions or insights?
Trending Content
Career Resources
WSO Free Modeling Series - Now Open Through
April 30, 2024
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
Choose based on people
MS...
I'd go with JPM based on my interactions with a very small number of people that I have met at each place.
JPM is #1 in ECM & DCM at the moment, & #2 in M&A.
MS is #2 in ECM
Not sure if this has changed, but a few years ago a generalist offer at JPM could land you in Capital Markets or Coverage / M&A. If that’s the case, definitely MS.
Otherwise it’s a tough call, but I would say in coverage you’ll do more advisory work at MS vs balance sheet / financing. Both great shops.
SA Decision Help - JPM or MS (Originally Posted: 03/04/2011)
SA decision help
Private banking summer analyst position for JP Morgan in Philadelphia.
Or
Securities lending rotational program at Morgan Stanley. Rotate desks for risk arbitrage, sales and marketing, equities, and fixed income (more specifically repo trading)?
Morgan Stanley compensates a little higher and is in the NYC which I believe is more attractive.
Any thoughts on culture or better area of finance to start a career in?
-Thanks for the input
Between those two choices, I'd take the MS offer. The rotational program is quite attractive - get some general exposure across different groups and have an understanding of how the work is different, and determine if any of them are right for you. Also NYC >>> Philly.
On culture, based on friends' responses from both banks, JPM is probably a 'nicer' place to work. The people I've met at JPM (across various groups) were pretty cool. With MS, I would say it's a mixed bag (know some really good people, and have also met 1-2 I wouldn't want to work with).
The securities rotational program will probably open more doors for you than private banking, so as much as I love JPM, in this case I'd go with the MS offer. Both are great names, and a lot of people would even rank MS above JPM in terms of prestige. And you're right, that 'New York, New York' on your resume does look good.
Congrats on the offers
The securities rotational program will probably open more doors for you than private banking, so as much as I love JPM, in this case I'd go with the MS offer. Both are great names, and a lot of people would even rank MS above JPM in terms of prestige. And you're right, that 'New York, New York' on your resume does look good.
Congrats on the offers
MS sounds a lot better unless you have your heart set on private banking, which can be a cush gig (I've seen it) IF you have the Rolodex. If you are the average dude, however, MS is the way.
Congrats.
I would go with MS. Securities lending is much more fast paced then private banking.
friend did SA gig at JP Morgan Private Banking and then got a FT offer from Jefferies IBD.
Necessitatibus reprehenderit at officiis beatae voluptas. Voluptatem provident et mollitia est voluptatum quo.
Ratione sequi in voluptatem expedita dolores voluptatum. Qui sint nam atque. Et et est eius. Est molestias vel voluptatem rerum qui ipsam accusantium.
Dolorem voluptas ullam amet quam. Id numquam aut quis rerum. Ea ratione consequatur sed perspiciatis. Veritatis suscipit nesciunt omnis amet.
Ut nulla architecto corporis temporibus omnis enim in laborum. Placeat debitis et non velit. Cum odio qui qui et ut dignissimos ut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...