Morgan Stanley - Institutional Shitshow Group (IB,GCM,S&T): A summers perspective

Let me give you a rundown of Morgan Stanley from a interns perspective. This is the ~premier MS survival guide~

If you're here, you definitely seen the IB return rates…

Me: Incoming full time (interned for 2 banking summers #diversityandinclusion). Why? Money's good.

Id you're not motivated by money, don't come here, there's nothing else available.

The conservative firm, the firm that cares, oh the people! This is what they sell to you, don't fall for it….

The thing that MS claims to have the best on the street is culture, but if you like a culture that is faking it till you make it, constant internal political bs overshadowing the job, and just terrible personalities in exchange for profit, then MS is the place to be! At least at GS they keep it real, at MS they won't tell you how bad you're doing, just will ignore you and lie to your face about not staffing you on deals, then delegate the work to others.

From my experience in banking:

1. Prententious as hell, no one here is real

2. They originally gave summers offers saying that people would work in NYC, but then told them in week 8 they would have to relocate (auto neg from everyone)

3. GS is definitely the better bank, MS has missed out on most huge transactions this year and caps their ass off about the success of very few. Call themselves the best and heavily manipulates issuance/ deal flow data to look good for companies. If you love to cap, this is the place for you!

4. No joking around, people here are generally snowflakes and take everything personally

5. There are a few gems here and there, but the team dynamics are fucking awful especially in GCM. Most interns/analysts dont feel welcome and it was very apparent that a MASSIVE front was being put on to masquerade the mess of what the group is. They don't actually care about you I promise.

6. Waste money on ineffective D&I efforts but like the rest of the world, most employees just shrug it off.

7. Bankers earn too much to care about service and giving back. Ask them to bring up participation numbers next earnings call ;)

8. When they say, "Don't take things personally," they mean, "it's personal but we don't want you running off talking about how we mistreated you!" Hi HR

For S&T returns

They botched headcount last year and gave hella heads returns. Rotational program.

Soph interns had to have 2 desk choose them in order to come back, if not they were out.

Junior interns only needed 1.

But like I said before this firm is good at lying. Some summers had both these parameters but still got denied an offer (classic MS).

If this gets enough traction I'll make a part 2 regarding negligence and what makes MS so inefficient!