Your Opportunity as an Associate in Investment Banking

Associates often start in our generalist Associate “pool” where you gain exposure to a variety of products, services and clients.   If you have experience or interest in a particular sector, we would try to accommodate your preference in making project assignments.   Additionally, we hire directly into some areas including   Real Estate, Global Capital Markets, the Financial Institutions Group and branch offices.

The roles and responsibilities vary by department, but typically include:

• Managing and assisting in the execution of corporate finance transactions
• Performing financial analysis, strategic business analysis and detailed industry research
• Contributing to team discussions and client meetings
• Providing rapid and accurate market judgments to colleagues and clients
• Preparing and delivering client presentations in a clear and compelling manner
• Acting as a mentor and role model to Analysts

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

The IBD Associate Program begins with an intensive four-week training program in New York featuring presentations from senior internal speakers , industry experts and professional trainers. They will cover such subjects as:

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

At the end of the training program, we would expect you to take your regulatory (Series 7) examination, which is mandatory. We would help you prepare for this testing.

In addition to quantitative training, Morgan Stanley realizes the importance of its people and believes in giving them the necessary tools to grow and develop in their role at the firm. Lean deal teams afford you the opportunity to work closely with senior officers, and informal networking events allow you to build a network of contacts among their colleagues and throughout the organization.   The firm encourages open lines of communication between professionals at all levels. We will also support you in gaining additional financial/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 you an understanding of how our bankers determine a client’s needs and how they meet their strategic objectives. This will enable you to build upon their broadened skill base.

The firm provides ongoing training and mentoring that supports you as you work to advance your career to the next level. At the end of your Associate tenure, you could be considered for promotion to Vice President. If you continue to excel you can potentially move on to become an Executive Director and ultimately a Managing Director.

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

• You’re a team player with a strong work ethic and attention to detail.
• You have strong analytical skills and the ability to quickly grasp complex data.
• You have outstanding communication and interpersonal skills, with the ability to form effective working relationships.
• You’re ambitious and motivated to become an industry, product or regional expert.
• You must be able to manage multiple projects, provide complicated financial analysis, and develop appropriate corporate finance solutions.
• You pursue your assignments with excellence, a collaborative spirit, and the highest ethical standards.

Requirements

You must have an MBA and a top-class degree and/or a minimum of 2-3 years of professional experience.

	Your Opportunity as a Summer Associate in Investment Banking

The 10-week Morgan Stanley IBD Summer Associate Program is an opportunity for MBA and JD candidates to experience the culture and atmosphere of Morgan Stanley and take on the roles of full-time Associates.

The majority of the Summer Associate class joins the Associate “pool” alongside full-time Associates. However, if you have experience or interest in a particular sector, we would try to accommodate your preference in making project assignments. You may have the opportunity, for example, to move directly into Real Estate, Global Capital Markets or the Financial Institutions Group. All assignments are executed by teams that typically consist of three or four people including senior bankers. All professionals are on several teams concurrently. Team assignments may last from a few days to several months.

The program will give you a realistic view of investment banking as you spend your summer working on a variety of transactions and business development initiatives. You will build a strong foundation in the basic skills of financial problem solving, negotiation and execution, and gain experience in marketing the firm’s products and services effectively.

The program features a number of social events to facilitate networking and to discuss career opportunities. You will also hear weekly speakers and attend networking lunches.  All Summer Associates are assigned a senior and junior mentor. Those who are in the “pool” are also assigned a pool mentor.

Requirements

Candidates should be working toward completion of an M.B.A. or J.D. degree.

Selection Process

Selected applicants will have the opportunity to meet with Morgan Stanley bankers both on campus and in our offices. Candidates are evaluated on their commitment to a career in investment banking and their ability to succeed at both the Associate and officer level.

How to Apply

Please visit our website at: http://www.morganstanley.com/about/careers/recruiting/apply.html. You should also check with your career center for specific campus application guidelines.

Deadlines

For deadline information regarding the IBD Summer Associate Program, please consult with your school’s career center.