https://www.morganstanley.com/

Morgan Stanley

Private Wealth Management Intern

July - August 2019 • Florham Park, NJ

What I liked

I like how the staff were very welcoming of me to the firm. They were very helpful, always willing to help me out and teach me. I liked this internship because of the immense growth that came out of it. The work environment made my experience enjoyable as well. I liked how I was able to foster genuine relationships with other coworkers and be able to learn new things everyday.

What I wish was different

I wish I had connected and conversed with the other interns more to discuss our individual experiences. I wish I had come in better prepared, such as being more proficient in excel and understanding the financial landscape more as a whole.

Advice

Any internship or experience is what you make it. If you approach it with an eager to learn and perform attitude you will receive and get the most out of the opportunity. I was able to learn so much from this internship because of this. On the other hand if you come there will a lackadaisical and mediocre work ethic/mindset then the result of the experience will be nothing except subpar.
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Wealth Management Intern

May - July 2018 • Middleton, MA

What I liked

Acquiring a deeper understanding of the inner workings in managing both corporate and private clients.

What I wish was different

Advice

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Summer Analyst

May - August 2018 • New York City, NY

What I liked

Morgan Stanley was a great way to learn fundamental knowledge within the financial services industry and network with experienced professionals with a desire to mentor. The program was a good way to learn about what I was interested in and discover a new style of work experience.

What I wish was different

I wish the program might have spent more time dedicating time for mentors and interns to interact outside of the on-desk time.

Advice

Be a student of the culture and process, take feedback as an opportunity to improve, be yourself and work hard to help your managers with their work in the ways you can.
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Global Capital Markets Summer Analyst

June - August 2018 • New York City, NY

What I liked

Welcoming team and real world experience. Felt like an integral part of the Fixed Income Derivatives team early in the summer.

What I wish was different

Start date conflicted with final exams, I wish there was some flexibility either by the employer or Stanford to make the transition easier.

Advice

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Summer Analyst

May - July 2018 • West Chicago, IL

What I liked

I enjoyed the responsibility and education provided. Each project was directly involving clients' funds---whether I was actively creating a financial plan for a family or analyzing various investment instruments to reduce taxes and risk for specific clients. Additionally, my superiors offered one-on-one sessions to teach me the ins-and-outs of the business.

What I wish was different

This isn't really anything that can be changed about the experience, but I wish it were a faster paced environment.

Advice

Take advantage of people's expertise and know that you can contribute valuably to the firm. Always ask clarifying questions and communicate that you're willing and eager to do more, if you want more of a challenge.
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Technology Summer Analyst

June - August 2018 • New York City, NY

What I liked

-Being able to contribute to the team's work & being recognized for the work I did -Learning new technologies & tools -The team I was working with & getting a glimpse into their work

What I wish was different

-Matching process with teams is largely done behind the scenes, ie no option to "interview" the team you'd be working with, but this changes for full-time opportunities -Onboarding/set up logistics wise & understanding structure of your team/role within the organization is slow and a bit difficult to access

Advice

-Be open to asking for help. Figuring out the balance between getting things done independently and knowing when to ask for help was one of my bigger struggles, but I felt that I improved here as I went on further in the program. -Get to know other people in the company aside from just your immediate team & managers. This applies for almost every company out there (including startups). Really take the opportunity to learn about the work other people are doing & how it fits into the organization.
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Summer Analyst

June - August 2018 • New York City, NY

What I liked

I loved the people I met this summer, as well as the opportunities I had to learn develop and grow at such a big firm. It was an incredible experience to constantly network and meet new people and develop relationships but also be challenged at work in a new manner. I was constantly thrown more projects to see how I can perform in them and I enjoyed working on them as I grew my skill-set and worked on them diligently.

What I wish was different

Something I wish that would be different is the opportunity to get more experiences under my belt. Being that I didn't rotate across different desks and was on the same team the entire summer, I wasn't able to learn a variety of different topics and areas as I would have in a rotational program. However, the bright side to this was that I was able to become a master of the policies and calculations done in my team and I was able to take on more responsibility since I had worked on the same concepts all summer.

Advice

A piece of advice that I would share to others is don't be afraid to ask questions/ don't be afraid to ask for more work. Always set goals for yourself as you progress through your work but also ask for more work before you finish your current assignment. It shows you have the drive and capacity to handle it.
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Private Wealth Management Intern

June - August 2018 • New York City, NY

What I liked

The culture of the company cannot be described other than open minded, charismatic and striving for success. Having the honor of being surrounded by like minded individuals that push you to better yourself the moment you walk into the office is truly beneficial. They give you a mentor to look up to and always guide you towards the right things to do with the work your assigned. At the end of the work day, they also ask if you want to go to happy hour to meet others in the office and really absorb the company culture. You also never truly learn the craft until you get to work in a big office and are assigned work. Applying the school knowledge to the actual craft was astonishing but also very difficult because it only covered about 20% of the material you needed to know.

What I wish was different

Nothing

Advice

Never stop learning and developing yourself. In your free time always try and read articles, network with professionals, observe your superiors and how they conduct themselves in the work and with clients. If you're ever on your phone and not utilizing all the assets that are presented in-front of you, you're only doing yourself a disservice.
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Private Wealth Management Intern

June - August 2018 • Beverly Hills, CA

What I liked

I loved the team I was working with and the trust that was put in me to do important research for clients.

What I wish was different

Advice

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Portfolio Management Intern

June 2018 • Dayton, OH

What I liked

What I wish was different

Nothing, my job rocks

Advice

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Summer Analyst

May - August 2018 • Columbus, OH

What I liked

I had the opportunity to work as a Summer Analyst for an institutional consulting firm. I enjoyed being able to accept responsibility while using the information I learned in classes in a meaningful work enviroment.

What I wish was different

I wish that I could interact with more of our clients. The consulting firm that I worked for controls the endowment funds of many non-profit organizations and higher level education. Being able to see how the return on their investments is making an impact for their organizations/schools would have been very enjoyable.

Advice

Many students believe that they need to have a picture perfect job when they intern. Try somehting different because you may learn a whole new persepctive on careers.
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Private Wealth Management Intern

May - August 2018 • Columbus, OH

What I liked

Very interactive and learned a lot. Advisors I worked under were extremely helpful and allowed me to really grow into my role and know what I want to do upon graduation.

What I wish was different

No complaints

Advice

Learn as much as you can and ask a lot of questions!
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Summer Analyst

May - August 2018 • New York City, NY

What I liked

I liked the rotational aspect because it allowed me to get a broad understanding of the business across both equities and fixed income. The people on the team were really great and supportive.

What I wish was different

I wish the communication had been better and that the expectations had been more clear up front.

Advice

The opportunity was great in terms of learning about the business but also to meet a variety of people across the firm, not just in my division. I would advise leveraging your network and taking advantage of every opportunity.
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Investment Banking Analyst Intern

June - August 2018 • New York City, NY

What I liked

Was given lots of responsibility early on, was explicitly expected to learn as much as I could from the summer. High return offer rate (they make very clear that they have a full-time slot available for every intern if they do well) means interns aren't competitive with each other and help each other out. Paid pretty well

What I wish was different

Long hours, but that's par for the course.

Advice

do your research first. If you go in without fully understanding just how hard it's going to be , I doubt you'll be happy with it. Penn is one of the few places where tons of upperclassmen will have done something like this before them, so talk to them about it and learn if it really is something that's right for you before pulling the trigger
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Strategy Intern

June - July 2018 • New York City, NY

What I liked

The impactful role I played in developing cutting edge strategic programs for a renowned company.

What I wish was different

The commute was over 2 hours door to door which took its toll on me.

Advice

At banking internships, they work you very hard. You have to put your head down, be thorough and efficient in every project and get that return offer.
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Technology Summer Analyst

June - August 2018 • New York City, NY

What I liked

Pretty chill environment, lots of other interns to spend time with, people are nice, some fun intern events.

What I wish was different

For technology/software development, the development life cycle can be a bit slow since you have to wait for manager approvals, etc. Would be better if that could somehow be sped up for interns, if possible.

Advice

try to proactively find more work to do and remember there are lots of teams, so everyone's experience will be different.
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Wealth Management Intern

May - August 2018 • Houston, TX

What I liked

Learning is not limited to technical knowledge. One also learns non-technical skills such as communication skills by conversing with clients on the phone. The blend of technical and non-technical skills led to accelerated individual growth.

What I wish was different

Morgan Stanley is a big firm with smaller groups, each with their clientele. Due to the structure of the firm, I wish I was able to interact with other groups within the firm.

Advice

Don't hesitate to ask questions and ask for more challenging work.
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Summer Analyst

June - August 2018 • New York City, NY

What I liked

Community

What I wish was different

Timing of Internship

Advice

Be ready to work hard!
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Organizational Intern

June - August 2018 • Portland, OR

What I liked

I enjoyed the freedom I was given regarding the reworking of databases and documents as well as the opportunity to practice professionalism in the workplace.

What I wish was different

Advice

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Technology Summer Analyst

June - August 2018 • New York City, NY

What I liked

The people at Morgan Stanley were very helpful, kind and intelligent. I worked on a meaningful project, and I got to see how it would be used by the firm. Living in NYC was also a great time, and the pay was very nice.

What I wish was different

I wish I had more opportunities to meet people outside of technology.

Advice

It seemed overwhelming at first - I didn't think I could do it. You just have to stick with it, and with time things will become more familiar and you will get a hang of the job.
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