SA offers: MS Fixed Income S&T or JPM S&T?

moneyforbananas's picture
Rank: Chimp | 15

So to be honest, I don't know much about the financial world, and was able to use some of my other experiences to land an internship over the summer. Feel free to message me if you want to learn my experiences of going through the process.

Does anyone here have any opinions on which firm (MS or JPM) has a better S&T program? And any ideas on what desks are good ones to join at each firm?

Comments (25)

Feb 23, 2010

You have offers from arguably two of the finest bulge brackets. Go with the one where you enjoyed the people most and do some research.

Feb 23, 2010

So I've been trying to do some research, just ordered the wsj, any suggestions on where I can find out more information on the specific desks at each firm?

Feb 23, 2010
Feb 23, 2010

JPM - I've read nothing but great things about them recently.

Feb 23, 2010

Thanks Brown_Bateman, that pdf was a really helpful read!

gorillaglue- Any articles in particular I should read? I'm trying to get as much information as I can about each firm, and I don't really know where to start besides vault and google news... as well as reading the posts here.

Feb 23, 2010

that pdf is indeed very useful. is there a similar one for equities S&T?

Apr 2, 2010

Brown_Bateman, tell me there's a report for equities!!!

Apr 10, 2010

For fixed income, JPMorgan hands down. These guys dominate pretty much everything and everyone when it comes to fixed income. MS, on the other hand, dropped the ball massively in fixed income during the crisis and are trying to rebuild their franchise.

Apr 10, 2010

JPM. Both are good though...

Jun 28, 2013

I know this is an old thread but one of the important things to think about (and one that people don't really mention on WSO) is that JPM is not a rotational program while MS is. IED gives you 4 rotations and FID gives you 2

Jun 28, 2013

Wow. Congrats. MS is a great opportunity, but if you don't like Equity Derivatives why not role the dice with JPM. Do you know people on the MS desk. When you have a choice between two MBB desks, fit is really the most important thing.

Jun 28, 2013

Thanks Gekko21. I do have two fraternity brothers in equity derivs at MS (one is an associate, the other is starting FT this summer). Can someone expound upon JPM's trading presence, in general? I typically hear their name associated with banking, not trading.

Jun 28, 2013

Don't know too much about trading at JPM but the guys at MS are cool as hell and I like the environment on their floor much more. Only thing that sucks is wading through seas of people at Times Square every day to get home

Jun 28, 2013

JPM might have an overall stronger S&T desk.

Jun 28, 2013
ambione:

JPM might have an overall stronger S&T desk.

how do you know/what is this based on?

Jun 28, 2013

I'd go with JPM, I think their S&T Division is in better shape than MS right now.

Jun 28, 2013

In terms of market share and overall performance, I also think JPM has the edge here (based on reports I have read and found posted on this site). I don't know much about equities, but I know JPM's fixed income is very strong and roughly on par with GS/DB in terms of market share

Jun 28, 2013

Then again, I think you need to more seriously consider the people at each bank. If having two fraternity brothers on the desk means a lot to you in terms of fit, then by all means go with MS. Go where you feel most comfortable and you can't go wrong.

Jun 28, 2013

Thanks everyone for the advice. I ended up accepting JPM today, mainly because I want to get more FICC experience.

Jun 28, 2013

Congrats. Either decision would have been great but your rationale makes perfect sense.

Jun 28, 2013

Congrats man, even though you couldnt have gone wrong with this, did the idea of working with frat brothers srsly not tempt you? cuz im guessing you would be taken care of better.

http://convertyourbond.com Free market commentary and trading insights to help with interviews

Jun 28, 2013

Good choice on JPM. It's not even close between JPM and MS.

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Jun 28, 2013
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