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?
| +186 | Ideal College/Recruiting Timeline | 38 | 2d | |
| +113 | Military Officer vs. IB analyst | 41 | 11h | |
| +75 | Lied on CV? | 56 | 15h | |
| Got fired after 1.5 years as an Analyst, want to stay in Banking but I am confused | 10 | 1d | ||
| +26 | Amazing offer but I’m drowning in debt | 13 | 2d | |
| +25 | Is there a point to networking if you have (nepo)? | 7 | 1d | |
| +23 | Are Single Managers Just Not Hiring? | 10 | 4d | |
| +23 | How do I go about explaining huge gaps in a CV for Spring & Summers? | 11 | 1d | |
| +21 | Job Switch Advice | 6 | 8h | |
| +21 | IB > PE, except burned out. What now? | 8 | 2s |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
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.
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?
http://www.zerohedge.com/sites/default/files/Citi%20Fixed%20Income.pdf http://www.zerohedge.com/sites/default/files/images/user5/imageroot/vol…
JPM - I've read nothing but great things about them recently.
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.
that pdf is indeed very useful. is there a similar one for equities S&T?
Brown_Bateman, tell me there's a report for equities!!!
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.
JPM. Both are good though...
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
SA Decision: JPM S&T vs. MS S&T (Originally Posted: 03/12/2010)
I'm having a hard time deciding between JPM S&T and MS S&T. I would be on an Equity Derivs desk at MS, and would be placed in the "matchmaker process" at JPM. Advice?
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.
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.
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
JPM might have an overall stronger S&T desk.
how do you know/what is this based on?
I'd go with JPM, I think their S&T Division is in better shape than MS right now.
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
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.
Thanks everyone for the advice. I ended up accepting JPM today, mainly because I want to get more FICC experience.
Congrats. Either decision would have been great but your rationale makes perfect sense.
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.
Good choice on JPM. It's not even close between JPM and MS.
Pariatur architecto qui excepturi ullam esse exercitationem adipisci dolorem. Ea architecto ut delectus velit in sed totam.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Quos quo aut facilis ab quis. Perferendis magni amet itaque dicta id. Vel quod nesciunt consequatur illo veritatis fugit et. Laudantium quisquam quos esse incidunt autem dicta ea molestiae.
Laboriosam blanditiis nemo est eos quis. Dolores dolores omnis accusantium atque. Aut minima illum ad voluptatem tempora inventore atque. Sint sit possimus facilis distinctio quod magnam. Error maxime repellendus voluptatum facilis. Esse enim porro voluptate rem totam libero veritatis.
Eligendi dicta culpa at odio nihil molestiae. Libero quos provident qui aut aut. Tenetur vitae repellendus minima tempore eius. Ex necessitatibus et aut rerum pariatur omnis veniam.