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Merchant Banking - North America
An overview of this program’s objectives and how you can benefit Morgan Stanley Investment Management (MSIM) seeks to attract and retain the most talented and innovative individuals from across our industry. We take pride in placing Associates in key business areas and allowing them to become fully integrated into their groups. Our Associate Program is unique: we make a commitment to retain top talent and promote their career development, enabling qualified individuals to grow within our organization. MSIM’s workforce is diverse in experience and background, but uniform in reflecting our standards of integrity and excellence. Investment Management is a key business for Morgan Stanley. The firm has made a strong commitment to attracting and retaining the best talent in the business. This makes it an especially exciting time to be a part of MSIM and to experience our entrepreneurial environment. The Associate Program in Merchant Banking How the program works and the day-to-day experience you can expect The Associate Program begins in July with five weeks of intensive classroom-based training typically covering an introduction to the firm, the essentials of finance, accounting and computing software or quantitative analysis. The classroom provides an environment where Associates can exchange ideas and learn from their peers. Associates also benefit from practical sessions covering topics such as valuation techniques, modeling methodologies and real-life case studies. During the training, Associates work in smaller teams to put valuation and modeling skills to practice and develop a “pitch book,” which is presented to senior bankers, as if they were clients, at the end of the initial training. The training program also hosts a series of guest speakers who talk to Associates throughout the five weeks about a range of subjects including the importance of networking, community involvement and stress management. Associates also attend a number of social events throughout this five-week period. At the end of training, we hope that Associates will have built a strong network among their peers and be able to understand financial concepts, build a dynamic model from scratch and have a strong understanding of the Morgan Stanley culture. Merchant Banking The Merchant Banking Division leverages the Morgan Stanley network and brand to generate ideas, harness relationships, create investment opportunities, and deliver superior returns for our investors. Merchant Banking sponsors traditional private equity funds, infrastructure-focused funds, and one of the industry-leading real estate investing platforms globally. Infrastructure As part of Morgan Stanley’s Merchant Banking franchise, Morgan Stanley Infrastructure (“MSI”) target investments in infrastructure on a global basis. Infrastructure is emerging as a distinct alternative asset class that serves as a complement to real estate and traditional private equity investments. Infrastructure assets are long-term investments associated with providing essential public goods and services to societies across the globe. MSI believes that underlying trends in infrastructure-related sectors, including fundamental global supply and demand dynamics, provide a significant opportunity for generating attractive risk-adjusted returns with low volatility and low correlation to other asset classes. Most of MSI’s investments are large, direct equity stakes in portfolio companies, with the Asset Manager and other senior MSI professionals working together with the management teams of these companies to support their business. Private Equity Morgan Stanley Private Equity (“MSPE”) is the firm’s primary business for investing in large and middle-market private equity transactions globally on behalf of its clients. MSPE’s team of investment professionals brings significant expertise in structuring complex financial transactions and a dedication to partnering with entrepreneurial management teams. Real Estate Morgan Stanley Real Estate is comprised of three major global businesses: Investing, Banking and Lending. Since 1991, Morgan Stanley Real Estate has acquired $171.0 billion of real estate assets worldwide and currently manages $99.6 billion in real estate assets on behalf of its clients. A complete range of market-leading investment banking services for real estate clients include advice on strategy, mergers, acquisitions and restructurings, as well as underwriting public and private debt and equity financings. As a global leader in real estate lending, Morgan Stanley has offered approximately $210.9 billion of CMBS through the capital markets since 1997, including $44.9 billion in 2007. The Real Estate Associate Program is a joint program with Investing and Banking. For more information, please follow the link to the IBD page. Developing Your Career We view career development as an ongoing process, and we offer our employees a broad array of challenging opportunities, both on the job and in a training environment. If you are successful in your role, at the conclusion of the two-year Associate training program you may be extended an offer to continue as a member of one of the MSIM teams. Other Associates seek full-time positions in other parts of MSIM or the firm. Some Associates move on to business school, as some business areas may require an MBA degree to further advance on a particular career track. Is Merchant Banking Right for You?
Requirements Selection Process How to Apply Deadlines
An overview of this program’s objectives and how you can benefit Morgan Stanley Merchant Banking’s Summer Associate Program offers undergraduates 10 weeks of extensive training, networking and various hands-on opportunities. Students are exposed to career possibilities within functional areas of Merchant Banking and the firm broadly. Through business interactions, job assignments and our speaker series, Summer Associates gain both business and organizational knowledge, facilitating the successful completion of meaningful projects and providing an invaluable learning experience. Summer Associates attend a number of social and professional events that provide the opportunity to network and learn about the various products and roles within the Merchant Banking division. Each Summer Associate is placed within a business unit and assigned a manager who provides guidance and mentoring through the summer. Launching Your Career The Merchant Banking Summer Program begins with classroom training and orientation in As a Summer Associate, you would be assigned to one of the following areas: Infrastructure As part of Morgan Stanley’s Merchant Banking franchise, Morgan Stanley Infrastructure (“MSI”) target investments in infrastructure on a global basis. Infrastructure is emerging as a distinct alternative asset class that serves as a complement to real estate and traditional private equity investments. Infrastructure assets are long-term investments associated with providing essential public goods and services to societies across the globe. MSI believes that underlying trends in infrastructure-related sectors, including fundamental global supply and demand dynamics, provide a significant opportunity for generating attractive risk-adjusted returns with low volatility and low correlation to other asset classes. Most of MSI’s investments are large, direct equity stakes in portfolio companies, with the Asset Manager and other senior MSI professionals working together with the management teams of these companies to support their business. Private Equity Morgan Stanley Private Equity (“MSPE”) is the firm’s primary business for investing in large and middle-market private equity transactions globally on behalf of its clients. MSPE’s team of investment professionals brings significant expertise in structuring complex financial transactions and a dedication to partnering with entrepreneurial management teams. Real Estate Morgan Stanley Real Estate is comprised of three major global businesses: Investing, Banking and Lending. Since 1991, Morgan Stanley Real Estate has acquired $171.0 billion of real estate assets worldwide and currently manages $99.6 billion in real estate assets on behalf of its clients. A complete range of market-leading investment banking services for real estate clients include advice on strategy, mergers, acquisitions and restructurings, as well as underwriting public and private debt and equity financings. As a global leader in real estate lending, Morgan Stanley has offered approximately $210.9 billion of CMBS through the capital markets since 1997, including $44.9 billion in 2007. The Real Estate Associate Program is a joint program with Investing and Banking. For more information, please follow the link to the IBD page. Developing Your Career At the end of the summer, every exceptional Summer Associate has the opportunity to receive a full-time offer. Each Summer Associate receives a mid-summer and end of summer evaluation from both his/her manager and Human Resources. The structure of the Summer Program allows Summer Associates to gain an in-depth understanding of the business and the role of an Associate. Is Merchant Banking Right for You?
Requirements Selection Process How to Apply Deadlines |
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