is right. MS RE is considered one of the top, if the not the top group there. They used to have it set up so that analysts did work on both the IB and PE sides of the group since they used to be together but I heard that they were splitting up. Any truth to this?

 
jotah:
is right. MS RE is considered one of the top, if the not the top group there. They used to have it set up so that analysts did work on both the IB and PE sides of the group since they used to be together but I heard that they were splitting up. Any truth to this?

Yep, they are splitting up banking and investing in the RE group. RE Investing (or PE, whatever you call it) is now under their direct investing group. I heard that they still have rotation programs for analysts though, so you can still get both sides of the experience. Definitely one of the top groups out there.

 
Best Response

ebitda is correct - analysts currently get staffed for six month periods on either the investing or banking side of the business, while associates do nine month rotations. For summer analysts, however, the 9 weeks spent in RE are just as fluid as before, and they can in fact be staffed on banking and investing deals at the same time (only in nyc, though, as all the bankers left the branches, which was really only san francisco anyways, for new york). And if anyone really cares, the division MSREF is now under is no longer IBD, but the newly created (at least at MS) Merchant Banking Division.

And to respond to the excitement surrounding it being the best group out there, yes it is one of the top groups, but I would not say it is the top group, at least as far as exit opportunities go. I believe that honor belongs to MS M&A, which gives you the best options in pretty much any field you want to go into. Outside of MS M&A, if you're sure you want to do PE, MS Sponsors is the best, with CS Sponsors and GS TMT both placing almost as well. That being said, if you're absolutely positive you want to do RE PE, MSRE/F is far and away the number one player in both the investing and advisory arenas. Again, this is just for exit ops. As far as revenues to the bank, MSRE brings in something along the lines of half of all IBD revenue, so by that measure, yes, it is the top group at MS.

Lastly, the guys in MSRE/F are likely the coolest people you will ever meet and have more fun than anyone I have ever met on Wall Street. They're bringing alcoholism and gambling back to banking in a very big way.

 
Prescott Moncrief III:
ebitda is correct - analysts currently get staffed for six month periods on either the investing or banking side of the business, while associates do nine month rotations. For summer analysts, however, the 9 weeks spent in RE are just as fluid as before, and they can in fact be staffed on banking and investing deals at the same time (only in nyc, though, as all the bankers left the branches, which was really only san francisco anyways, for new york). And if anyone really cares, the division MSREF is now under is no longer IBD, but the newly created (at least at MS) Merchant Banking Division.

And to respond to the excitement surrounding it being the best group out there, yes it is one of the top groups, but I would not say it is the top group, at least as far as exit opportunities go. I believe that honor belongs to MS M&A, which gives you the best options in pretty much any field you want to go into. Outside of MS M&A, if you're sure you want to do PE, MS Sponsors is the best, with CS Sponsors and GS TMT both placing almost as well. That being said, if you're absolutely positive you want to do RE PE, MSRE/F is far and away the number one player in both the investing and advisory arenas. Again, this is just for exit ops. As far as revenues to the bank, MSRE brings in something along the lines of half of all IBD revenue, so by that measure, yes, it is the top group at MS.

Lastly, the guys in MSRE/F are likely the coolest people you will ever meet and have more fun than anyone I have ever met on Wall Street. They're bringing alcoholism and gambling back to banking in a very big way.

i just happen to stumble on this thread and found it funny. what a difference a couples years can make.

--- man made the money, money never made the man

Prescott - what do you think about MSREF's exit ops outside of real estate? Any flexibility or are you pretty much locked into real estate? Worse off than most groups?

 

HELP!

I have an interview for a summer position at MS REI (Real Estate Investing) I assume this falls under the Merchant Banking/Private Equity group at Morgan Stanley

What kind of questions do they ask? How would "real estate" valuation be different from normal DCF, COMPS, etc I've been preparing for ibd interviews so I am kind of out of clue on this one

If it matters this is for a position in Asia

Thanks!

 

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