Your Opportunity as an Associate in Private Equity
An overview of this program’s objectives and how you can benefit

As an Associate in Private Equity, you will work closely with other Private Equity professionals to evaluate and execute investment opportunities and to monitor portfolio companies. This includes performing valuation analyses, building financial models, and conducting industry, business, and financial due diligence in various countries and across differing sectors. You may also have opportunities to identify potential investments, lead the structuring and execution of complex transactions, and help guide strategic initiatives for your portfolio. Associates in Asia take on significant responsibilities, often working directly with senior investment professionals and interacting extensively with senior management of potential investee companies.

	The Associate Program in Private Equity

As an Associate in Private Equity, you will work closely with experienced Private Equity professionals to identify, evaluate, and execute investment opportunities throughout the Asia Pacific region. You may also help manage the companies acquired by Private Equity to implement value-creating strategies, monitor performance, and provide strategic and financial advice. Your activities may include:

• Performing and overseeing execution and valuation analyses
• Conducting industry, business, and financial due diligence for transactions
• Identifying potential investment and exit opportunities
• Leading the structuring and execution of complex transactions
• Helping guide strategic initiatives for portfolio companies

Associates in Asia Pacific Private Equity generally work directly with senior investment professionals and may enjoy significant exposure to the region’s leading entrepreneurs and the senior management of potential portfolio companies. Associates must combine rigorous quantitative analysis with the qualitative factors involved in making private equity investments.

Launching Your Career
The initial training that you receive on starting the program

The Private Equity Associate Program begins with an intensive four-week training program in New York, featuring presentations from senior internal speakers and industry experts covering subjects such as:

• Valuation interpretation and application
• Financial statement analysis
• Capital structure
• Financing solutions
• M&A process
• Merger analysis

In addition to the rigorous quantitative training, Morgan Stanley also believes in giving you the necessary tools to grow and develop your role at the firm. Our deal-team structure affords Associates the opportunity to work closely with senior investment professionals. Informal networking events allow you to build a network of contacts amongst your colleagues and throughout the firm. We will also make every effort to support you in gaining additional financial or business qualifications that are relevant to your goals. 

Developing Your Career
What you can anticipate as you make progress and after completing the program

The first year is designed to give Associates an understanding of how our Private Equity professionals determine a client’s needs and how they meet their strategic objectives. Associates are then well-positioned to build on their broadening skills base.

The firm may provide ongoing training and mentoring to support Associates as they work to advance their career to the next level. At the end of the program, Associates may be considered for promotion to Vice President. If they continue to excel, they can potentially move on to become an Executive Director and, ultimately, a Managing Director.

Is Private Equity Right for You?
A checklist to help you decide if you have the skills and temperament for this area

• You have a strong interest in finance and private equity.
• You have superior analytical and quantitative skills.
• You have excellent oral and written communication skills combined with strong interpersonal skills.
• You are a team player with a strong work ethic and attention to detail.
• You have the enthusiasm and motivation to pursue your assignments with excellence.
• You have the ability to multitask, prioritize and take initiative.
• You are fluent in either Mandarin or Korean in addition to English.

Requirements
Candidates considering a position in Private Equity must have an MBA from a reputable institution and possess superior analytical and quantitative skills. Fluency in either Mandarin or Korean in addition to English is also essential.

Selection Process
We typically have at least two rounds of interviews for our graduate programs. Interviews will be arranged either on campus or via phone for the first round. Each candidate can expect to have approximately two to four 30-minute interviews. The final stage of our process is usually a full-day interview session held at Morgan Stanley’s offices in New York, London, Beijing, Hong Kong, or Singapore. Typical areas that are explored in our interviews include problem-solving, analysis, intelligence, decision-making, leadership, interpersonal skills, motivation, beliefs and values, career aspirations, product knowledge, and technical capability. 

How to Apply
To apply for Private Equity in Asia, please visit our website at http://www.morganstanley.com/about/careers/recruiting/apply.html or contact your career center.

Deadlines
The deadline for the Private Equity Associate Program in Asia is January 2, 2008.

	The Summer Associate Program in Private Equity

Our Summer Associate program is 10 weeks in length and is designed to provide a realistic view of a career in Private Equity by having Summer Associates assume the functions of full-time Associates. Summer Associates work closely with other Private Equity professionals to identify, evaluate, and execute investment opportunities, monitor the operations of portfolio companies, and provide them with strategic advice. This includes performing and overseeing execution and valuation analyses, and conducting industry, business, and financial due diligence for transactions in countries across Asia. You may also have opportunities to identify potential investments, lead the structuring and execution of complex transactions, and help guide the strategic initiatives for portfolio companies.

Is Private Equity Right for You?
A checklist to help you decide if you have the skills and temperament for this area

• You have a strong interest in finance and private equity.
• You have superior analytical and quantitative skills.
• You have excellent oral and written communication skills combined with strong interpersonal skills.
• You are a team player with a strong work ethic and attention to detail.
• You have the enthusiasm and motivation to pursue your assignments with excellence.
• You have the ability to multitask, prioritize, and take initiative.
• You are fluent in either Mandarin or Korean in addition to English.

Requirements
We are looking for high-caliber Graduate Level candidates who possess:

• Approximately 2-5 years work experience in investment banking or private equity
• Both oral and written fluency in English and Mandarin
• Strong interest in finance/private equity
• Strong teamwork mentality, initiative, enthusiasm, and motivation
• Commitment and strong work ethic
• The ability to multi-task and prioritize

Selection Process
We typically have at least two rounds of interviews for our graduate programs. Interviews will be arranged either on campus or via phone for the first round. Each candidate can expect to have approximately two to four 30-minute interviews. Typical areas that are explored in our interviews include problem-solving, analysis, intelligence, decision-making, leadership, interpersonal skills, motivation, beliefs and values, career aspirations, product knowledge, and/or technical capability. 

How to Apply
To apply for Private Equity in Asia, please visit our website at http://www.morganstanley.com/about/careers/recruiting/apply.html or contact your career center.

Deadlines
The deadline for the Private Equity Summer Associate Program in Asia is January 2, 2008.