MS Top Groups

Goodman's picture
Rank: Senior Chimp | 27

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.

Comments (29)

Jan 27, 2013

M&A is the top group at MS for exit opps, no question. One of the top groups in all of banking for exits. Heard this straight from a partner at a megafund.

Jan 27, 2013

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.

Jan 28, 2013
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?

Jan 28, 2013
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.

Jan 27, 2013

I'm surprised no one mentioned their tech group

Jan 28, 2013
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)

Jan 28, 2013
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-heed...trading-less-better/

Jan 28, 2013
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)

Feb 4, 2013
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?

Jan 28, 2013

bump

Mar 17, 2017

I would say their M&A team. They're top notch.

Mar 17, 2017

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

Mar 17, 2017
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?

Mar 17, 2017

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.

Jan 28, 2013

Just out of ignorant curiosity; MS doesn't have a Lev Fin group (or something to that extent)?

Jan 28, 2013
streetwannabe:

Just out of ignorant curiosity; MS doesn't have a Lev Fin group (or something to that extent)?

LevFin at MS is part of their GCM division (with ECM and DCM) I've heard it is less modeling intensive, though still a good group to be a part of.

Jan 28, 2013

Bump!

Best Response
Jan 28, 2013
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.

    • 2
Jan 29, 2013

How does tech m&a in Menlo compare to groups in nyc? Excluding location preferences, would it be the second strongest group after m&a? If one wanted to do tech banking, would it be worth taking over m&a?

Array

Jan 29, 2013
Comment
Jan 29, 2013