Morgan Stanley

Founded in New York in 1935 by Henry S. Morgan and Harold Stanley, Morgan Stanley began as an investment-banking partnership and opened with 13 employees. It is headquartered in New York and now operates across more than 40 countries.

The firm has three main business segments: Institutional Securities, Wealth Management, and Investment Management. Institutional Securities advises companies, financial sponsors, governments, and institutions on mergers and acquisitions, equity and debt financing, restructuring, sales and trading, and research. Wealth Management serves individuals, businesses, and institutions, including through its E*TRADE platform, while Investment Management manages assets for institutional and intermediary clients.

For students, Morgan Stanley is particularly relevant for its breadth across advisory, capital markets, markets, wealth management, asset management, technology, and operations. Its scale gives interns exposure to a broad client base and multiple financial-services businesses, although the day-to-day work varies substantially by division and office.