MS Top Groups

I searched around and was able to find a few posts on this but nothing very recently, and group culture/dynamic is ever changing. I was fortunate enough to receive and accept an offer to join Morgan Stanley for the summer and was hoping people in the industry might be able to offer their thoughts on which groups in MS are the best. The 3 things that are most important to me are culture (hours, type of people), deal-flow, and exit opportunities. Any help is appreciated.

The groups are as follows

M&A
Financial Sponsors
FIG
Real Estate
Power/Utilities
Transportation
Healthcare
Consumer/Retail
Industrials
Natural Resources
Technology
Media/Telecom (might be with Tech?)
Services

Thanks for the help.

 
ricottacheese:
if you're into RE, MS RE as an analyst will give you exposure to both PE investing and traditional RE IBD, and is a regular feeder into top REPE shops such as blackstone, TPG, starwood, etc.

Top group far and away is M&A. Sponsors and Media/Comm are also highly regarded and place very well.

Is media/comm a separate group from tech? I know with GS/JP you have a TMT group that captures all 3 of the sectors but wasn't sure if it is different for MS. As someone else mentioned, I'd heard that Tech is mainly based out west and the NY office isn't a great spot for it, but are media/comm strong in NY?

 
Goodman:
ricottacheese:
if you're into RE, MS RE as an analyst will give you exposure to both PE investing and traditional RE IBD, and is a regular feeder into top REPE shops such as blackstone, TPG, starwood, etc.

Top group far and away is M&A. Sponsors and Media/Comm are also highly regarded and place very well.

Is media/comm a separate group from tech? I know with GS/JP you have a TMT group that captures all 3 of the sectors but wasn't sure if it is different for MS. As someone else mentioned, I'd heard that Tech is mainly based out west and the NY office isn't a great spot for it, but are media/comm strong in NY?

They're separate. West coast Tech group is strong, NY isn't. NY Tech analyst PE/HF placement pales in comparison to top groups at MS.

 
KMoelis:
I'm surprised no one mentioned their tech group
Because the tech group in NYC is very small (it's based primarily out of the Menlo Park office), has a relatively noxious culture, and isn't nearly as well regarded as the West Coast group.

At MS, the strongest groups are: - M&A (literally one of the top groups on the street, the firm's golden goose egg is M&A; Morgan Stanley is M&A, and M&A is Morgan Stanley, so to speak) - Sponsors - Media & Comm - Nat Res / Industrials / GPUG (Global Power & Utilities is one of three industry groups to handle M&A in-house rather than farming it out to the dedicated team, they have fairly consistent and solid PE placement) - Real Estate (avoid if you don't want to be pigeon-holed, because they do excellent work and get great exposure and therefore their exits are exclusively RE-focused; premier group if you like RE, if you don't, then stay away)

I am permanently behind on PMs, it's not personal.
 
APAE:
- M&A (literally one of the top groups on the street, the firm's golden goose egg is M&A; Morgan Stanley is M&A, and M&A is Morgan Stanley, so to speak)

Should be noted that the "Morgan Stanley is M&A" thing is just the perception or just within IBD. In reality, it's more like Matt Levine described: "Morgan Stanley: basically a mutual fund!"

http://dealbreaker.com/2012/09/morgan-stanley-heeding-frenemies-advice-…-trading-less-better/

“Millionaires don't use astrology, billionaires do”
 
APAE:
KMoelis:
I'm surprised no one mentioned their tech group
Because the tech group in NYC is very small (it's based primarily out of the Menlo Park office), has a relatively noxious culture, and isn't nearly as well regarded as the West Coast group.

At MS, the strongest groups are: - M&A (literally one of the top groups on the street, the firm's golden goose egg is M&A; Morgan Stanley is M&A, and M&A is Morgan Stanley, so to speak) - Sponsors - Media & Comm - Nat Res / Industrials / GPUG (Global Power & Utilities is one of three industry groups to handle M&A in-house rather than farming it out to the dedicated team, they have fairly consistent and solid PE placement) - Real Estate (avoid if you don't want to be pigeon-holed, because they do excellent work and get great exposure and therefore their exits are exclusively RE-focused; premier group if you like RE, if you don't, then stay away)

Thanks! That is quite helpful.

Besides the obvious M&A/Sponsors, I am pretty interested in GPUG, Transpo, Healthcare, and Consumer/Retail- do you know anything more about these in terms of placement or anything else (I know you mentioned the in-house M&A in GPUG which is definitely helpful to know)

 
APAE:
KMoelis:
I'm surprised no one mentioned their tech group
Because the tech group in NYC is very small (it's based primarily out of the Menlo Park office), has a relatively noxious culture, and isn't nearly as well regarded as the West Coast group.

At MS, the strongest groups are: - M&A (literally one of the top groups on the street, the firm's golden goose egg is M&A; Morgan Stanley is M&A, and M&A is Morgan Stanley, so to speak) - Sponsors - Media & Comm - Nat Res / Industrials / GPUG (Global Power & Utilities is one of three industry groups to handle M&A in-house rather than farming it out to the dedicated team, they have fairly consistent and solid PE placement) - Real Estate (avoid if you don't want to be pigeon-holed, because they do excellent work and get great exposure and therefore their exits are exclusively RE-focused; premier group if you like RE, if you don't, then stay away)

Any information regarding MS's healthcare and consumer retail groups?

 
notthehospitalER:

Yes, consensus is that M&A is the best IB group there.

Thanks. Is it easier to come in as an Analyst, or will they hire non-MBAs as associates?

Also, any thoughts on FAA or other divisions?

 

I think he meant Financial Advisor, which is basically a PWM job.

Top divisions you should want to be in - IBD, GCM, IED, FID, ER and IM (investment mgmt)

Being an FA is like being in sales. While you can make a lot of money if you are good at building relationship, it's not really a finance job.

 
Best Response
Goodman:
Bump!
Stop bumping, bud.

Media/Comm is separate. Tech, as I said, is run mainly out of the Menlo Park office with a small group in New York. Michael Grimes is an absolute rainmaker, the experience on the West Coast in that group at all levels dominates that on the East Coast. MS is one of the only BB banks to split tech off from media/comm. The latter is one of the strongest, "sexier" groups in the NYC office with solid placement as well.

The firm has LAF, Leveraged and Acquisition Finance, but it is based out of GCM. The division as a whole takes far fewer interns than IBD, and getting a placement into LAF is fairly tough.

Show the love with SBs.

I am permanently behind on PMs, it's not personal.
 

Voluptate fuga doloribus ab accusamus cupiditate hic est. Aut cum enim harum sed quisquam. Ut id deserunt tenetur ut cum ut. Optio et quis nihil praesentium repellat nam voluptatem.

Et nesciunt natus deserunt dolorem necessitatibus voluptas cupiditate autem. Aut facere eligendi eum. Assumenda atque nesciunt et ipsa.

Id tenetur sunt qui harum. Et quisquam repudiandae autem enim voluptatum eum.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
numi's picture
numi
98.8
10
Kenny_Powers_CFA's picture
Kenny_Powers_CFA
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”