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?

Comments (13)

 
Best Response
Jan 31,2018

Choose based on people

Be excellent to each other, and party on, dudes.
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Jan 31,2018

I'd go with JPM based on my interactions with a very small number of people that I have met at each place.

 
Jan 31,2018

JPM is #1 in ECM & DCM at the moment, & #2 in M&A.

MS is #2 in ECM

Wicked Smaht

 
Jan 31,2018

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.

 
 
Jan 31,2018

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).

 
Jan 31,2018

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

Wall Street leaders now understand that they made a mistake, one born of their innocent and trusting nature. They trusted ordinary Americans to behave more responsibly than they themselves ever would, and these ordinary Americans betrayed their trust.

 
Jan 31,2018

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

Wall Street leaders now understand that they made a mistake, one born of their innocent and trusting nature. They trusted ordinary Americans to behave more responsibly than they themselves ever would, and these ordinary Americans betrayed their trust.

 
Jan 31,2018

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.

 
Jan 31,2018

I would go with MS. Securities lending is much more fast paced then private banking.

 
Jan 31,2018

friend did SA gig at JP Morgan Private Banking and then got a FT offer from Jefferies IBD.

 
Jan 31,2018