Morgan Stanley

Morgan Stanley Graduate Schemes

There are a variety of graduate jobs and graduate programmes available at Morgan Stanley, such as:

• Investment Banking
• Treasury
• Private Equity
• Investment management
• Sales and Trading
• Private wealth management
• Credit
• Fixed Income
• Equity Research
• Institutional Equity
• Institutional Finance and Operations,
• Technology (see technology specific interview process)

Approximately 47% of new recruits are hired for Investment Banking, 22% for IT, 14% for Finance & Operations and the remaining 17% go in to Sales, Trading and Research including Fixed Income, Equity and Equity Research.

Training

This varies according to the division. Some divisions have structured graduate programmes, whereas others have a less formalised structure. Most divisions run a two-year graduate training programme, however the Investment Banking division runs a three-year programme.

Information Technology holds training twice a year, in February and August; the training programme lasts 18 weeks and is global. IT Analysts are recruited for a particular office - London, New York, Hong Kong or Tokyo - but all new hires train together in New York. After the programme, analysts return to their home offices, often as part of global development or support teams.

• The Institutional Securities cross-divisional training lasts for three weeks and takes place in London. This will include the Investment Banking, Equity Research, Institutional Equity and Fixed Income divisions. The Institutional Finance and Operations Division run four weeks of training which is based in London. Thereafter 'training' is on the job, either as placement in specific roles or a series of rotations.

Departmental Specialist Training

• Information Technology: All IT Analysts participate in a core curriculum, which includes technology training, orientation to the firm, overview of the securities industry, senior manager presentations and professional skills workshops. Analysts receive formal evaluations and informal feedback at several points during training.

• Institutional Securities Cross-Divisional Training Programme: Focuses specifically on capital markets, finance and accounting, company analysis and modelling.

• Institutional Finance and Operations (IFO): Training is predominantly classroom-based and interactive and includes industry, financial and product knowledge, along with technical and systems skills. There is a project-based theme running through the training to consolidate the learning in the programme, based on the life of a trade. Part of the training includes the first module of the Investment Management Qualification of the Securities Institute.

Benefits

Graduates are hired as analysts and receive full pay throughout their training. In addition to their salary, graduates receive a sign-on bonus, a relocation allowance depending on personal situation, a year-end bonus, and other benefits such as medical cover and pension schemes.

Career Path

For those divisions that have structured programmes, graduates will often follow a typical career path and study for an MBA after completion of the graduate programme.