Investment Banking Summer Analyst Program
Houston, San Francisco, Menlo Park, Los Angeles
Morgan Stanley is a worldwide leader in Investment Banking. We are one of the top firms in mergers & acquisitions , underwriting of equity and debt transactions. With professionals in over 30 countries, we are consistently recognized for our performance in traditional and innovative financing techniques, helping clients around the world to make decisions about their business strategy and financial structure.
In the United States, we have opportunities in the following cities: New York, Houston, Los Angeles, Menlo Park and San Francisco. We are further organized by industry and product groups including Consumer Retail, Financial Institutions, Financial Sponsors, Power & Utilities, Healthcare, Industrials, Media & Communications, Mergers & Acquisitions, Oil & Gas, Real Estate, Transportation and Technology. When applying, you will be prompted to identify your preferred office location and banking groups.
Summer Analyst Training Program
Summer Analysts experience the culture and atmosphere of Morgan Stanley by taking on responsibilities of a Full Time Analyst, working on a variety of corporate transactions, and making meaningful contributions to the delivery of projects.
Responsibilities
The roles and responsibilities of a Summer Analyst vary but may include:
Qualifications, Skills & Requirements
Investment Banking applications are reviewed on a rolling basis. We encourage you to apply as soon as you are ready.
Our Opportunities
How Much Do Wall Street Summer Analysts Get Paid
Investment-banking interns are generally designated as “summer analysts.”
At banks like Goldman Sachs, Morgan Stanley, Bank of America, Citigroup, and Evercore, offer letters for some 2022 summer analyst positions were sent as early as May, Insider’s reporting showed.
At firms like Goldman and Citi, interns can earn a salary of $85,000 in base annual comp, which is prorated over the course of their 10-week internship.
Some firms also include special bonuses and other monetary perks.
For instance, Evercore offered interns who accepted their offers within one week of receiving them a bonus of $2,500. Plus, all interns will receive a special payment of $7,500, paid within their first 30 days on the job, according to a summer 2022 offer letter that Insider reviewed this spring.
Investment Banking Resume Tips
Before you apply, its essential that you prepare the perfect investment banking resume. Anish K. Mitra, ex-Head of IBD Learning & Development at Goldman Sachs, recommends the following:
Your resume should read like a menu and feel like a movie
Rather than reading like public company filings, your CV should help recruiters visualize who you are through specific examples. This means conveying what youre good at and what you stand for.
The winning formula
Once you have listed all of the values and experiences you want to include, you can use this formula to transform these into concise bullets that clearly state your achievements:
For example:
Once written out, this would read:
Created our first ever recruiting campaign for the parliamentary debate team, allowing us to double to 20 members. Led to twice as many award-winning finishes in 2020.
You May Like: Investing In Notes And Mortgages
Top 4 Tips For Bossing Your Internship From An Investment Banker
Once youve landed an internship position, youll be looking to secure a return offer to become a full-time analyst. We asked an M& A banker at a global US investment bank to share their top tips on excelling in an investment banking internship. Heres their advice:
1) Be Able to Learn Quickly & Ask Questions
It is likely that you will make a few mistakes along the way, were only human. However, investment bankers will be looking to see whether you are able to avoid making the same error twice. As soon as you suspect something is wrong, ask for help.
2) Be Diligent and Demonstrate Attention to Detail
It is essential that you take precautions to avoid making mistakes in the first place. Ask for a peer review from another intern or print out your work and check it before submission. This will show the full-timers that you care about delivering the best result.
3) Be Curious
The whole point of taking an internship is to learn as much as you can about the job role and all it entails. You must ensure you listen where necessary, and always possess a good attitude.
4) Demonstrate a Willingness to Work
You need to pull out all the stops if you want to differentiate yourself from other interns. Investment banks value self-starters so always seek out new work and exceed expectations.
Youll Find Opportunities To Innovate Every Day Including As A Technologist
Working in technology at a financial services firm offers many of the same exciting opportunities for innovation that big tech companies and startups do, while delivering the sort of variety, mobility, autonomy and resources other companies cant. As Rose-Gaelle, a software engineer featured in the Who We Are videos puts it, At first, I was confused when a Morgan Stanley recruiter called me about a summer internship. How could my skills transfer to a position within an investment bank? What she discovered once she was hired was that Morgan Stanley is the ideal place for motivated and talented people, especially technologists. In fact, we recently earned the distinction of being the only Financial Services firm named to Fast Companys inaugural list of 50 Best Workplaces for Innovators. The list recognized our Technology Innovation Office, which funds promising employee projects in key areas, including artificial intelligence, data analytics, and fintech, and offers an accelerator program to expedite the patent-filing process. We also have an Innovation Lab, which provides a sort of digital sandbox, allowing employees to experiment with code, software and other technologies.
Also Check: Can You Invest Without A Broker
Morgan Stanley: Investment Banking Internship Opportunity
Posted on :
Banking Jobs in South Africa, Internships in South Africa
Morgan Stanley is offering an Investment Banking Off-Cycle Internship opportunity. This is an entry-level graduate intern position based in their Johannesburg office. They are looking for an intern to start this 12 month opportunity as soon as possible, with a view to long-term career opportunities.
Morgan Stanley is a worldwide leader in investment banking and is one of the top firms in Mergers and Acquisitions , underwriting of equity and equity-related transactions, corporate debt issuance, and high-yield debt financing. With professionals in 30 countries, they are consistently recognised for their performance in both traditional and innovative financing techniques, helping a wide range of clients around the world to make and execute decisions about their business strategy and financial structure.
Interns will typically work on a variety of corporate transactions and take on significant responsibility for delivering specific elements. Responsibilities will cover a broad range of tasks, including valuation and financial analysis, preparation of presentation materials, business development, transaction execution and client interaction.
Interns will play an important role in teams which include senior professionals who will encourage them to go beyond the numbers and think creatively.
Salary is competitive with excellent benefits.
Skills Required
Suitable candidates will require the following skills:
What Is An Investment Banking Analyst
Many investment bankers start their careers as financial analysts. This is the entry-level position for graduates looking to break into investment banking and is a two-year long program, which begins in the late summer. If the analyst performs well this may extend to three years, and later to associate level.
Also Check: Why Is Esg Investing Important
Trying To Land Your Dream Job On Your Laptop Can Be Tricky Heres How To Make A Good Impression When You Take Part In A Remote Interview
If you havent yet interviewed for a job via video, whether live or in a recorded session, chances are you will soon. More roles, including those in Morgan Stanleys North America and Asia offices, now require you to use this tool as part of the application and screening process.
But video interviews don’t just benefit recruiters. They can also benefit you, the candidate. Not only do they let you answer questions in a familiar setting, which should put you at ease, but more importantly, Video lets you demonstrate your motivation and passion for the job, along with any soft skills that a resume cant convey, says Emilie Garvey, a Morgan Stanley campus recruiter in Hong Kong. Indeed, a successful video interview can help you rise to the top of a stack of similarly well-qualified candidates. The caliber of resumes we see is outstanding, says Garvey. But a good video interview can make an assessor say, Yeah, I want to meet that person.
Still, the process can feel a little unnatural and require a somewhat different approach from a face-to-face meeting or even a phone call. With that in mind, we asked Morgan Stanley recruiters and recruits for their top tips for acing a video interview.
Youll Be Encouraged To Give Back To Your Community
A common thread that unites our peopleacross divisions, levels and regionsis our commitment to giving back to the communities in which we live and work. Morgan Stanley employees create meaningful, lasting social impact, whether they are working at food banks during our Global Volunteer Month every June or offering expertise as part of our annual pro bono initiative. The Morgan Stanley Strategy Challenge matches nonprofits with rising talent within the firm to develop action plans that help address mission-critical issues. The Strategy Challenge has delivered 95,000 service hours valued at over $14.6M to 128 nonprofits since the program began in 2009. But you dont have to be picked to participate in the Strategy Challenge to give back at Morgan Stanley. Since 2006 our employees have contributed over 2.1 million hours of volunteer work during our annual Global Volunteer Monththat equates to 240 years of donated time and effort to help the communities we call home across the globe.
Its just one more reason why Morgan Stanley is such a special place to work. But dont take my word for it. Hear what these associates have to say about what they find rewarding about working at Morgan Stanley. I hope youll be encouraged to join them.
Don’t Miss: Mortgage Rates Second Home Investment Property
Morgan Stanley Investment Banking Summer Analyst Reviews
- – New York City, NY Area
- – Albany, NY Area
- – San Luis Obispo, CA Area
- – Santa Barbara, CA Area
- – Port St. Lucie, FL Area
- – Sarasota, FL Area
- – Salt Lake City, UT Area
- – Vermont
- – Tsuen Wan, Hong Kong Area
- – Yung Shue Wan, Hong Kong Area
- – Kowloon City
- Papua New Guinea – All Cities
- – West Sepik
- – Hemel Hempstead, United Kingdom Area
- – Leicester, United Kingdom Area
Do An Investment Banking Internship
Many of the top banking institutions, including Barclays, Goldman Sachs, J.P. Morgan, Morgan Stanley and the RBS Group, offer summer internships in investment banking.
For instance, J.P. Morgan offers a nine-week investment banking analyst programme for penultimate-year university students, where you’ll learn key technical skills by working on deals and transactions for the company’s clients.
On-the-job-experience and practical skills training give you the perfect grounding in investment banking. The best-performing students may receive full-time job offers upon completion.
However, it’s important to get the facts you need before you apply so you can make an informed decision. To do this, first learn about the different work experience opportunities and choose one that best suits your interests. By watching short videos of employees sharing their career stories, you’ll get an idea as to whether investment banking is for you.
When preparing your application, it’s worth finding out what’s required in the selection process. In addition to ensuring your CV stands out and is a true reflection of your skills and abilities , you may also have to write an essay. Make sure that your CV is tailored to the job description and specific internship you’re applying for, and show there’s a clear match.
This advice is also applicable to those looking at finance graduate schemes while still at university, as you’ll be prepared for making applications once you’re about to graduate.
Read Also: How To Invest 1 Dollar
Be The Stand Out Candidate With Wall Street Recognized Certification
Demonstrate to recruiters that you have what it takes to succeed as a summer analyst with The Investment Banker micro-degree. Designed by 5 expert instructors with over 100 years of combined experience, this course reflects the same training given to new hires at the top 4 investment banks. Learn the core financial accounting, modeling, valuation and dealmaking skills needed to excel in any technical interview. On completion, you will also be able to join our prestigious alumni network alongside the worlds top analysts.
Discover more career resources and tips below:
Be Sure This Is The Right Job For You
Unlike many other finance careers, investment bankers often come from a range of backgrounds, and may use their transferable skills to join other related professions further down the line, possibly moving into a research, trading or structuring post.
However, those interested in investment banking and investment as a career often fit a certain person profile – particularly graduates on the lookout for a demanding, and potentially stressful, job.
Although working for one of the top investment banks can be challenging, the financial rewards are worth it for many. For example, you can earn around £30,000 to £40,000 starting out as a corporate investment banker, and £25,000 to £50,000 as an operational investment banker, with rapid salary progression the norm in this industry.
Understanding what’s expected from the outset can help you to remain focused on taking advantage of any investment banking work experience or job opportunities that come your way.
Get personalised alerts and shortlist your favourite jobs and courses for easy decision-making
Read Also: How To Invest In Ecommerce Business
Choose Your Investment Banking Career
As well as different career options, there are also various roles for those working in investment banking – and while there are similarities, they require different skillsets and personal attributes.
If you’re working on the operational side, your team will be responsible for the processing and settlement of transactions. You’ll need to be hard-working, with excellent numerical and analytical skills.
Corporate investment bankers provide financial services to other companies and organisations. You could be working on mergers and acquisitions, lending or bonds and shares. As you’ll be providing strategic advice to your clients and working under extreme pressure, you’ll need to be good at negotiation and have strong interpersonal skills.
Working as an investment analyst is a common entry-level graduate role.
Interning At Morgan Stanley
Morgan Stanley offers a 10-week summer internship available to both undergraduate and graduate students in various fields including equity research, global operations, information technology, investment banking, investment management, and institutional equity.The investment banking division also offers the Sophomore Rotational Program which bestows a first year analyst to rising college students to guide them as they rotate every few weeks to a different aspect of the investment banking business. Those who prove themselves capable of the tasks are offered returning positions as an analyst after their junior year. While this is a paid internship, salaries are competitive and vary.
How to apply:
The position of summer analyst is open to rising college seniors. The SRP program is available to rising juniors, and the summer associate position is open to MBA students. This company looks for applicants in all majors who have a strong interest in business or finance. For the summer internship, it is imperative to apply by February 1st. It is possible to apply online.
To learn more about internships with Morgan Stanley visit: www.morganstanley.com/people/
You May Like: Do Banks Invest In Life Insurance
Youll Have The Chance To Work At A Company Where Diversity Is Highly Valued
At Morgan Stanley, diversity isnt just a buzzword, its something we embrace every day. Our employees represent a wealth of different backgrounds and bring their unique perspectives, ideas and experiences to whatever role they take on, helping cultivate a workplace that is resilient, results-driven and effective. And we look to promote diversity in other ways, too. Our Multicultural Innovation Lab is an in-house accelerator supporting early-stage tech and tech-enabled startups led by multicultural and women entrepreneurs, a segment who receive only a fraction of the venture capital money that other entrepreneurs do. The Lab is designed not only to help close this trillion-dollar funding gap, but to give women and multicultural founders the tools, access and opportunity they need to succeed.
Preparing For Your Investment Banking Interview
Make sure you prepare well in advance and turn up to your investment banking interview armed with answers to possible questions.
Introductory Questions
Introductory questions are used to evaluate your understanding of the industry and the role you are applying for. Examples include:
- Why are you interested in banking and which part?
- Tell me why you want to join us?
- Tell me what an investment bank does.
- Walk me through your resume.
To answer these successfully, you must discuss your academic achievements, what piqued your interest in investment banking, what you have done to develop a foothold in the industry and where youd like to see yourself in the future.
Professional Questions
These are designed to quiz you on your strengths and weaknesses, so the interviewee can decide whether you are an ideal fit for that company. Examples of these questions are below:
- Tell me about a team activity you helped to lead.
- Take me through an experience which was particularly challenging.
Investment banking and teamwork go hand in hand, and with long hours working on deals together, its important you come across as likable and hard-working.
Prepare yourself to be grilled on any pitfalls which are apparent in your resume. Make sure you are aware of your shortcomings and demonstrate why the interviewee should overlook these.
Technical Questions
Valuation Sample Questions
Financing Sample Questions
M& A sample questions
Tips for Brain Teaser Questions
Recommended Reading: Hard Money Loans For Investment Property
How To Get An Internship At Morgan Stanley
Morgan Stanley, an investment banking giant established in 1935, deals primarily in institutional securities, wealth management, and investment management. Essentially, Morgan Stanley advises, originates, trades, manages, and distributes capital for governments, institutions, and individuals.
What are the types of internships at Morgan Stanley and who is eligible?Morgan Stanley offers internships to students pursuing bachelors, masters, or Ph.D. in computer science and related engineering disciplines and MBA across their offices in Mumbai and Bengaluru. The internships are categorized as the summer analyst and off-cycle internships. The former invites applications for summer internships at Morgan Stanley while one can apply to the latter throughout the year.
Engineering students can apply to Morgan Stanley internships in profiles such as technology and data analysis. The technical internships last 6 months commencing in January and July. Another set of hiring takes place in May when the company hires interns for a duration of two months. Management students can find internships in profiles such as operations, investment banking, human resources, finance, merchant banking & real estate, etc. Management internships typically last 10 weeks. Morgan Stanley offers a monthly stipend of 25K 35K.
For more insights into Morgan Stanley recruitment, you can read Shivanshus experience of Morgan Stanley interviews.
