Morgan Stanley

Want the SparkNotes? We got "banker speak" for nothing. But you don't need a SparkNotes because it was only a whole 30 seconds or so on an hour-long call. Senior Leadership on Junior Banker CIB-wide call: "We saw the materials and saw the forum" - nice, I would hope so. "We're exploring resources and solutions" - as you said you have been for months on end now… and as you SHOULD be at all times… without a deck or forum or having to tell me lol. "We've set a net zero emissions target for 2050" - sick bro. So what value did any junior bankers at WF pick up from the call? Please chime in because

31 Mar 2021

hii I have never posted before and this is a bit scary but I think it is worth it to go the lengths to hear all the opinions I can. I know this is a very privileged problem to have,, and thank you in advance to everyone who helps out,, but I have received offers from both GS LA and MS SF. Both of them IBD and both of them are the healthcare groups. I really am struggling to figure out which one is the best to choose because honestly I don't think there is a bad decision here but I think there may be a better one. Here are some of my thoughts: Location: SF would be preferred--I go to school

11 May 2021

Got an offer from one of the first three banks. How do these firms compare in terms of exit ops and long-term prospects to GS/MS and Centerview, which recruit later?

05 May 2021

Hi guys/gals. Anyone who did the HireVue for Morgan Stanley 2021 SA S&T in either FI/IED S&T or PBCS yet? If so, would you mind sharing the questions? It almost seems eerie that I can easily find IB questions in the most 3 recent years - which appears to be unchanged - without even a single post even inquiring for S&T. I heard from an alum that apps are not even gonna be looked at until July but somehow my dumbass still do it early. Anyhow thank you for the help!!

14 May 2020

Which banks crushed it? Which flopped? My $0.02 below. Total global M&A deal value grew by 92.5% year-over-year for Q1 2021. Ergo a bank that grew M&A deal value by less than this LOST market share year-over-year and a bank that grew more than this GAINED market share y-o-y. Source: https://markets.ft.com/data/league-tables/tables-… Market Share Gainers Jefferies: Made the Top 10 for global M&A deal value and grew global M&A deal value by over 800% y-o-y. Hats off. Not sure if they had a bad Q12020 or amazing Q12021 - probably both. Barclays: After getting

31 Mar 2021

Did anyone get the 2019 SA MS HireVues yet? I just got it today. Could someone explain the process further, and give me some tips? (I am a rising sophomore so this is my first interview) Also, was getting the HireVue a selective process? I got it for more than one position so should I assume it was not selective, or at least related to the resume and not to the divisions?

09 Jun 2018

Hi guys, I am in a weird situation and would love to hear out some opinions. Two months ago, I started working as and IBD analyst at one of the top 3 IB banks in their NYC HQ. However, I managed to get (what I believe is) a better job opportunity for me in the meantime and now I am thinking about quitting the IB to join the other company. Honestly, the work I have now is not so bad, but I feel like it's not for me in the long term (the hours, culture, some parts of the work...), whether the other opportunity feels quite perfect. If I had it three months ago I would choose it over my current

25 Jul 2017

Hi all, This entertaining post is for the history and financial history monkeys out there. What is your favorite financier of the past and why? Most of us have read about the Weinbergs and Rohatyns of the past but I'd like to hear about the less known but equally inspiring figures of the 20th century and older. Cheers! Torero

03 Feb 2018

Could somebody please make a bulleted list of all of the bulge bracket banks and include the core competencies for each bank at what they're best at? This would be to everyone's benefit who wants to learn the "scoop" on each of the big players

30 Jul 2018

Hi all. Just wondered if anyone has applied to this program? It looks like a very exciting opportunity to enter the IB space for people new to finance or those early into their career in finance and for underrepresented minorities. I went through the info session for the program yesterday, and am sold on it being a great way to accelerate my career. I have six years in the finance industry(primarily customer service) and am a minority applicant. Has anyone else applied? Or if you've gone through another one of Morgan Stanley's Experienced Professionals Programs, how was that process?

24 Mar 2021

Has anyone heard back from this yet? The deadline was five days ago and I haven't gotten anything since.

17 Mar 2021

In the spirit of thanksgiving, I have decided to host a thread where you can ask all you ever wanted about banking or PE. Please feel free to ask away.

26 Nov 2010

Does anyone have any experience with this(applying/being interviewed/getting hired, etc)? As someone working in finance but albeit on a much less prestigious level, the program's appeal to me is immense, and that it's geared toward underrepresented groups(minorities/those out of work) is truly amazing. I know they have programs for Institutional Equities, Investment Banking, Risk Management, and Global Capital Markets, the last of which peaked my interest.

30 Mar 2021

Whenever I was asked this question, I never gave a bullshit answer. I said that obviously the hours aren't a pro of working in this industry, but its not something that i necessarily mind and it will help me learn a lot. I also brought up my student loan debt and that I really wanted to pay it off. Interested to hear other perspectives on this.

17 Sep 2019

Can anyone here confirm this? Dealbreaker is reporting that some Morgan Stanley analysts, upon learning that their bonuses were far "below street" walked out in anger. [quote]Morgan Stanley announced bonuses today. Associates on upward are satisfied. Analysts are universally furious, with total compensation in some cases being $20k below street. For 2nd years making $90k base, buckets were as follows: $58k (less than one per group) $48k (very few) $43k (average, probably 70%+ of analysts) $38k $10-15k (obvious worst performers) Considering that street seems to be $60k bonus for middle bucket

24 Jan 2016

I am fortunate enough to have a FT IBD offer from MS to start in July 2019, only two weeks after my university course ends. I have always had in the back of my mind that I would like to take a year off and travel the world and it seems that once the 'rat-race' starts, it's very difficult to step back from it and take some proper time off, at least until retirement ( minus a potential short period of gardening leave here and there and maybe a summer during an MBA) . I would really appreciate any advice or opinions on whether I should take a year off and in particular, will it affect my career

08 Nov 2018

Hi all, I have an interview with MS Power and Utilities and was wondering what material to prepare specifically for the group thanks in advance

06 Mar 2021

enuf said. if you don't know the story behind this clown, ask one of your banking friends. i'm sure his notorious email must've rounded all the banks by now. And, I know you frequent this forum, JC. goes to show you how small the Street is.

21 Oct 2009

I've got a second round as seen from the title. On the MS website for EMEA, it seems that pre-corona there was one first round interview by phone and then straight to final round. So is this "second round" phone the final round? It would seem weird for it to just be a 30 min phone but at the same time there is nothing mentioned on their website about intermediate rounds between first and final. Would really welcome anyone who has been successful this year to share their experience. Thanks.

28 Oct 2020

Anyone have experience with modeling tests for analyst/associate position here? They mentioned it would take 4-5 hours in total. Not sure what that would entail.

23 Feb 2018

I was wondering if it is harder to land an offer from an elite boutique (Lazard, Moelis, Perella Weinberg, etc) or from a Bulge Bracket (Morgan Stanley, Goldman Sachs, BofA Merrill Lynch, etc)?

21 Dec 2020

Wow, looks like MSIM will try to compete with Vanguard and BlackRock and they were willing to pay quite a premium to do so. This pushes AUM to over $1Tn. Thoughts on this deal? Where does this place MSIM in the AM space? Will this have any effect on new hires/internships?

08 Oct 2020

Does anyone know if Morgan Stanley drug tests college grads who start straight out of school? They mentioned they perform a pre-employment process consisting of a background check, but did not indicate anything else. If there is a test, does it occur close to the start date or could it happen even 6 months out from the start date (now)? Appreciate any answers that address the question without judgement. Thanks.

17 Jan 2021

Has anyone applied to or have any insight into the 2020 Morgan Stanley Early Insights Program in New York?

02 Feb 2020

I know this site obsesses over GS/JPM/MS a lot, but how much "better" are they compared to other BBs (C/CS/BARC/BAML/UBS/DB) on the street regarding (1) culture (2) workload (3) pay (4) structure? Is the difference just blown out of proportion on this site, or are the banks actually a lot more similar than people like to describe? I've heard mixed reviews, where some say it's night and day, others who say most banks give similar experiences. Minus prestige, are "lower-tier" banks really that different from "mid-tier" and "top" banks? Would love to hear from anyone who has experienced both

25 Oct 2020

I have read a few places that MS will not be doing or have already completed 2021 FT recruitment (For Spring 2021 Grads). Interested in applying to a position, but it is not open on their website, does anyone think it will open soon/at all? Thank You.

07 Sep 2020

I just recently finished my freshman year with just above a 3.7 GPA at a target school and I want to double major in either Math and Economics OR Math and Philosophy (and maybe add a minor if I have time). I'm also involved in 4 organizations on campus, and I'm on a committee for 3 of them. 3 of the orgs are also business related. As I'm going into my sophomore year, I'm curious what exactly I need to do to make myself stand out to most banks and have a shot at the top ones. I'm currently doing a financial services internship so I'm getting experience but I'm also debating if I should take a

24 Jun 2019

Can anyone on here speak to Morgan Stanley's Healthcare group in SF? Wondering about exit ops, comp, reputation, deal flow, etc. Any information would be greatly appreciated.

06 May 2021

What is the reputation of Morgan Stanley's M&A group? Obviously it's one of the best on the street but how is the culture in the group? Survivable/do-able? Exit opps? If you had an offer GS lev fin/ecm which one would you take between the two? Any advice/thoughts would be greatly appreciated.

05 Feb 2011

Hey, I recently verbally accepted an offer for the 2021 Summer analyst position at MS for investment management fixed income (I know this is IB but still) and was very happy since this is my dream job-going into the buy side was more preferable for me and I wanted to learn from a BB. I have also been interviewing for GS but probably will cancel interviews now that I verbally accepted, since I prefer their culture, people, etc. However I spoke to a professor at my school who's been in the industry for years and he said MS is good but only a quarter as good as GS which is in another league. He

12 Sep 2020

Has anybody applied to the application for this opportunity? Pretty interested in working in the UK (US student from target school)

30 Jul 2018

hi guys have you got any feedback or updates for Morgan Stanley Earlybird Program for any position??? Do you know when candidates will receive telephone interview AC invitations or HireVue interview invitations? Thanks!!!!!

26 Jul 2018

Hi y'all, I got less suited for SJT but easier for both numerical and inductive.. I literally feel so dumb rn.. does this mean that im getting filtered out? or do I still maybe possibly have a chance? I'm from a European target (think bocconi/esade/lse) and my school said that they will send the students' resumes out to the recruiters, will this help at all with my situation (maybe bypass the assessment tests somehow??) thank you for all ur inputs and good luck to everyone

20 Sep 2020

Hi all, So I'm currently in the process of preparing to go into IB (am a junior in college). I obviously know that your "story" is crucial for the interview process and can make you or break you. However, I've read conflicting suggestions on how long it should be. Some people have told me that it should be between 45 - 60 seconds. Others have said 2 - 3 minutes, and one person even said to go for a full 5 minutes. Can anyone tell me what's worked for them in interviews in terms of "story" length? I feel like 60 seconds is the sweet spot but I'm not sure... Thanks in advance!

15 Jan 2018

There was much wailing and gnashing of teeth at the close on Friday over the perceived lack of performance in the Facebook IPO. The stock priced at $38, opened at $42.50 (after a few hiccups at the NASDORK), and closed at exactly $38 after an effort by the syndicate members akin to the Spartans at Thermopylae to keep it from dropping below the offering price. The retail rubes screamed bloody murder, with the NY Post running the headline pictured here claiming that Facebook soaked Main Street for $20 billion. Where was the pop? Shouldn't Facebook have screamed up at least 50% on the open? Where was Johnny Lunchbucket's payoff for putting 2 and 2 together that Facebook is a popular social media site?

21 May 2012

Hello WSO, Not completely new here, but first post. Basically after a LOT of work and many ups and downs I managed to secure a position as an i banker at one of the top three after graduation (perhaps one day I'll write my "success story"). Before I start with them later this year, I am currently studying for the GMAT as I now consider that with a good score I actually have a shot at getting into one of the top 5, and the score is valid for 5 years. While researching I found that so many people want top MBAs to be able to have a shot at firms like the top 3 i banks. I can't find much about

14 Feb 2018

Has anyone done the HireVue for the early insights program yet? What were the questions about?

25 Feb 2021

It has been shocking and bewildering to watch the behavior and comments of some of the top banking CEOs (e.g., Jamie Dimon) in recent years. Some questions immediately pop into my mind. Do they follow the news? Have they no conscience? Do they not have public-relations people on retainer? The answer to all three is, apparently, no because it is clear that they are so far out of touch with reality. These are obviously intelligent and well-educated men, yet they are missing from their vocabularies what I consider to be three essential words that would make their involvement in the Great Recession and their subsequent reactions in its aftermath just a little bit more palatable.

10 Feb 2015

Hello All, Just for fun, I thought it would be interesting to get everyone's take on the top 10 groups in investment banking considering reputation, dealflow, senior leaders within group, overall prestige, etc. I totally recognize this is subjective and shouldn't be used as a way to make employment decisions. With that said, what are YOUR top 10 groups across BB, EB, MM, etc?

14 Oct 2016

I would like to ask some questions about the banking industry in canada, banking compensation, and the banking lifestyle. Here are some of my questions; What are the best firms to work for in Canada (Toronto specifically) ? What is the dealflow like? GoldmanSachs or RBC for a longterm career in TO? Salaries at different firms ? Do you get an office, if so when? And feel free to add as much of your personnal experience as possible!

03 Feb 2018

Self explanatory. I'm an incoming full time IBD analyst next summer and am wondering if I'll get a urine or hair test at training. We didn't as SAs and I believe I heard FTs don't either, but want to be sure. I figured asking here would be less awkward than emailing HR.

23 Dec 2014

The portal says: apply for up to 3 different programs in one recruitment year in each region (Asia Pacific, Europe, Middle East, and Africa, Americas); the programs can be in 3 different cities. That means I can apply 3 programs in total and each program should be in different locations? Or I can apply 9 programs in total (3 programs per each region)? Am I the only one that's being confused with that..?

19 Jun 2020

If you were given offers for these summer internships, which one would you choose and why? (With Citi converting around 80% of interns and Morgan Stanley converting 50% to grad offers).

16 Dec 2020

Just got an offer from MS for 2022 summer. Opinions on the best groups (based on culture, prestige/exit opps)? Also to get into the M&A group, are there tests before the internship or just networking?

20 May 2021

Hi guys, I'm currently making a choice between LSE A&F and HSG MBF. My goal is to eventually work in London for a tier-1 IB. Although LSE is definitely the bigger brand, particularly in London, I wouldn't have to do any extra internships. HSG would allow me to do a SA and an OC before applying to London in 2022. So ultimately the question is: LSE with current profile vs. HSG with 2 more internships in M&A. For context, this is my current profile: - Grew up in London, went to a German school with Abitur 1.8 - Non-target uni in Netherlands with 8.0 GPA (3.5 equivalent) - Exchange to Bocconi -

18 May 2021

Hey Folks, I was lucky enough to land an offer at MS IB. I'd like to place into a top group... the only problem is I don't know what the top groups are. There's a thread from 2013 that has some rankings, but that's literally 8 years old as of now. Let's fix that with this new thread. Questions for here: What are the top performing MS IB groups? What groups place the best into PE // have the best exit opps? What groups have the best MDs and leadership? (all in reference to NY office) Much appreciated!

15 May 2021

I've been in contact with someone in MS's transportation group recently. I was looking up info on the group and the most recent post on here is from a decade ago. Since it's recruiting season, was hoping that someone can speak a bit more to the group - culture, "rankings/prestige" whatever you wanna call it, dealflow (there's not a ton online about them)

21 May 2020

Did anyone else apply this year? Any idea on when we can expect to hear back? This was formerly known as Morgan Stanley's "Bridging the Gap." Also does anybody know of any similar URM programs that are still taking applications?

07 Feb 2015

Hi, Does anyone know the reputation of Morgan Stanley's biotech ER? Do they have any II-ranked analysts? Thanks!

27 Jul 2018

Hi All, Has anyone heard back about the superday for the Morgan Stanley Sophomore Investment Banking Summer Analyst Program??

24 Jan 2015