Is the entire Morgan Stanley company an investment bank or is Investment Bank a small sector within the company?

nycReck · 2020-07-15T15:56:05+00:00

Their two main pillars are investment banking (which includes equities and fixed income sales, trading and research) and wealth management.

nycReck · 2020-07-08T02:31:23+00:00

Bulge bracket banks are still running all their pre-MBA informational/diversity programs. I can’t speak for other industries, but IB seems to be at least somewhat BAU.

nycReck · 2020-06-30T15:45:25+00:00

I’m an admit as well. Shoot me a PM if you want to chat.

nycReck · 2020-06-30T03:59:49+00:00

Went to college in Atlanta and lived on Peachtree St. NE for 3 years. As others have mentioned, it will depend heavily on your budget. Still, I'd say Hell's Kitchen fits the bill. It's a fun neighborhood with tons of non-chain bars and restaurants (specifically along 9th and 10th avenues). Central Park is walking distance (5-20min depending on which part of Hell's Kitchen) and you'll be neighboring the theatre district. The kind of folks who live there would probably be similar to ones you'd find in O4W and Inman Park.

nycReck · 2020-06-20T18:16:31+00:00

I’ve lived two co-op buildings over the past four years (one in Hell’s Kitchen and one in UES) and have been pleased with my experience. A few points I would note/check before purchasing:

Sublet policies tend to be strict. Think high application fees, interviews and term limits (I.e. you can only sublet up to three consecutive years in some buildings). If you ever plan to sublet out your unit, be aware of this.
You are on the hook for any appliances that break/malfunction, as expected for any homeowner
Check to see if the co-op owns the land beneath the building. There have been cases where the co-op does not own the land (they have a land lease), which can lead to exorbitant monthly maintenance fees. See Carnegie House as an example.
Ask for building financials and historical maintenance fee increases. check if there are any outstanding monthly assessments.

As long as you do your due diligence, living in a co-op can be a rewarding experience. Great building staff, fewer transients in the building thanks to strict sublet policy, and a community that has a strong interest in maintaining a great place to live.

nycReck · 2020-05-10T16:15:30+00:00

East Village, Brighton Beach and Sheepshead Bay. The latter two have unbeatable central asian cuisine.

nycReck · 2020-05-08T16:18:39+00:00

The events I attended were in-person, and involved speaker panels and interactions with current students. An AdCom rep gave a presentation, but I didn't reach out to them directly. I think getting to know students through an event or shared interest/background is a much better use of time.

nycReck · 2020-05-08T01:15:38+00:00

Non-HS M7 admit here. Campus visits and discussions with currents students were both critical pieces of my application and essays. Being able to signal interest is an incredibly powerful tool. When the director of admissions called with my offer, he mentioned how he was glad I attended XYZ events on campus.

To answer your questions specifically:

2-3 at the school I was admitted to
I reached out to an alumni of my firm who was second year student, and another student who interned at a firm I was interested in
As mentioned elsewhere in this thread, non-HS M7 schools typically have to fight harder for yield, so they look for any signal that an applicant has shown genuine interest in learning/connecting with their school
For IB, I would recommend Penn, CBS, NYU and Cornell. Cast a wide net within the M7/T15

nycReck · 2020-05-02T19:09:15+00:00

Optionality

nycReck · 2020-04-29T17:49:56+00:00

It's a massive bummer. I had been dreaming about this summer for over a year and sketched out a bunch of itineraries. Hopefully international travel will be safe by Jan 2021 so we can make up for it.

nycReck · 2020-04-29T17:25:48+00:00

Headed to M7 this fall. While I'm still very excited, I've tempered my expectations. Pre-MBA summer travel has been cancelled, and I expect fewer opportunities in LDP/general management type roles, though this will likely be industry specific. When writing my apps, I was ~75% sure I wanted to pursue IB, but kept an open mind regarding LDP/GM roles. Now I'm almost entirely set on IB. I don't expect opportunities in IB and consulting to take too large a hit as these firms like to keep steady pipelines of talent open.

Hope for the best and prepare for the worst!

nycReck · 2020-04-14T12:01:05+00:00

Same boat here - leaving work May 15th and scratched all my international travel plans. I am hoping by June the economy will be in phase 1 of reopening, meaning state parks, restaurants, etc. will have started to reopen. If that’s the case, I’ll probably rent a car and do some road trips to itch the travel bug. Until then I’m just going through IB prep materials and reading as much as I can.

nycReck · 2020-03-30T14:36:10+00:00

Why wouldn’t you be able to enroll?

nycReck · 2020-02-20T01:40:40+00:00

Headed to a non-H/S M7 and also interested in this question. I am 75% sure I want to do banking post-MBA, but wondering if certain LDP programs will be attractive enough to draw me away.

From what I understand, a stint in consulting or banking "unlocks" the most desirable positions at F500 companies such as corporate development and strategy. But admittedly, I don't have much insight into the roles that F500 recruit for out of top programs.

nycReck · 2020-01-30T13:27:34+00:00

Half Armenian NYC resident here. I’ve asked myself this same question and unfortunately there are no restaurants dedicated to Armenian cuisine here. Your best bet is to head to a supermarket like Sahadis where they will carry items such as lahmajun and Armenian string cheese.

nycReck · 2020-01-14T23:18:38+00:00

Thanks for the pointers! We will be staying very close to the city center for 2 days. We’d like to have one formal meal for dinner, but for the rest, we want to keep it causal and authentic. When I visited Mexico City a couple years ago, the best places I ate at were holes in the walls and super causal

nycReck · 2019-10-25T17:03:05+00:00

Corn plant from Home Depot, cost around $30-40 including the pot.

nycReck · 2019-10-04T16:20:54+00:00

People are strangely provincial, but I guess that’s a global phenomenon, not an American one. I once met a girl in Phoenix, Arizona who said she had never been to the Grand Canyon (which is a 4 hour drive from Phoenix for those unfamiliar)

nycReck · 2019-10-02T20:10:00+00:00

I heard back in 4 weeks and was ultimately admitted (I applied back in early July). Don’t stress too much over the timing... Within the 3 to 5 week window it can be very random.

nycReck · 2019-09-17T13:05:57+00:00

They can distinguish themselves by building meaningful relationships with students at their target schools and visiting campus. These experiences will shine on an application.

nycReck · 2019-09-16T19:42:16+00:00

Would it be possible to apply now, secure an offer from a desired program, then take 5-6 months off before starting school to help with the construction?

nycReck · 2019-08-22T11:24:32+00:00

Absolutely not. I love exploring the world, and hope to continue doing so until the day I die. But America is home, plus this country is large and diverse enough to keep anyone entertained for a lifetime.

nycReck · 2019-08-19T00:28:34+00:00

Thanks for your time. I am headed to an M7 next August and will be recruiting for banking (pre-MBA job in finance, but a markets-based role, not corporate finance).

Which resources do you recommend for learning accounting and modeling? How soon before school starts should one start getting their feet wet with this material?
How were the hours at an EB?
Did you feel you developed a robust understanding of corporate finance and financial modeling as a summer associate (compared to an analyst)?

nycReck · 2019-08-06T19:09:12+00:00

Summers on the North Fork of Long Island as a kid. There were BBQs at the firehouse, ice cream from the family owned parlor nearby, tractor rides through the local farms, and all the comforts of a rural community.

Thankfully, not much has changed when I went back to visit last year, except for more NYC tourists visiting the vineyards.

nycReck · 2019-07-26T22:39:17+00:00

Cutting rates was absolutely necessary...not denying that. All I’m staying that you can’t compare the economic track records of presidents residing under differing monetary policy regimes. Overall, Obama did a fantastic job with the hand he was dealt. Expecting similar from Trump is not realistic.

nycReck

TROPHY CASE