Motivationals & Competency Flashcards
Why MS?
My first experience with Morgan Stanley was participating in the Morgan Stanley Summer Academy. Everone I heard from during the programme spoke glowingly of the firm, which really inspired me to pursue a career at Morgan Stanley. The spring week reaffirmed these goals.
Firstly, I think the M&A success of the firm makes it a brilliant place to start off a career, with $464bn deals in EMEA 2021, the deal flow means can gain huge experience as a junior, working on the largest deals on the planet.
Also have access to the brightest minds of finance which means I can gain mentorship and learn from those who have been hugely successful.
Why Investment banking
Various reasons but I’ll boil it down to 2-3
Firstly and what stands out to me most is the experience you can egt at such an early stage in career, largest transactions, essentially fast tracks experience and competency through the steep learning curve
Secondly, Meritoacatic in nature. Want to work in a firm in which I am judged purely on my achievements and ability which I think banking allows for.
A deal MS has worked on
Amazon’s $3.9b acquisition of OneMedical at $18 dollars per share, MS served as advisory to OneMedical
Motivation - AMAZON VENTURING INTO HEALTHCARE WITH LAUNCH OF THEIR ONLINE PHARMACY IN 2020
Amazon statement stated that the acquisition is part of their plan to ‘reinvent healthcare’, attempting to make appointments and clinic visits far more efficient. Amazon believe OneMedical’s ‘technology driven’ approach to healthcare will work well when combined with Amazon’s customer obsession and willingness to invest.
Interesting financial news
Norwegian oil fund, the worlds largest sovereign wealth fund with $1.3tn under management, said that it will vote against investing in firms without net zero targets. Nicolai Tangen, head of the fund, also vocally spoke out on corporate greed and the unneccesarily high pay of the averague US CEO.
Interesting as illustrating the shift in mindset of some of the worlds largest funds and investors, as we have seen in recent years with shifts to ESG funds. Focus on climate is expanding and this may force firms to act in a more ‘green’ manner.
2 Strengths 2 Weaknesses
Strengths - Intrinsically motivated, Team player
Weaknesses - Asking for help - rectifying as recently asked president of M&A Soc for help on market update newsletter after formatting issues,
- Focusing too much on details - correcting as am aware and recently during Accounting coursework I took a step back and assessed the wider task at hand, setting out plans of what needs to be completed and ordering by priority,
MS 5 Values
Do the right thing
Put clients first
Lead with exceptional ideas
Diversity & Inclusion
Give back - Felix Project
MS Q1 Earnings Released yesterday
Net revenues $14.5b, last year was 14.8
Institutional Securities Revenues $6.8b, down from $7.7b last year, with IB revenues down 24% on last years Q1
Due to:
- Much lower M&A volume
- EC markets very little activity
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Big deals this year
Johnson & Johnson $18bn acquisition of Abiomed, leader in heart, kidney & lung support medicines
Broadcom acquiring VMWare for $61bn, cloud based transaction
Big deals this year
Johnson & Johnson $18bn acquisition of Abiomed, leader in heart, kidney & lung support medicines
Broadcom acquiring VMWare for $61bn, cloud based transaction
Big deals this year
Johnson & Johnson $18bn acquisition of Abiomed, leader in heart, kidney & lung support medicines
Broadcom acquiring VMWare for $61bn, cloud based transaction
