As one of the most prestigious investment banks in the world, Morgan Stanley is famous for its sky-high salaries. However, the intense workload of 80+ hours per week also comes with the lucrative salary. Interns can expect to earn around $10,000 per month, adding up to $30,000 – $40,000 for a 10-12 week summer internship. Compensation is even higher for full-time analysts, ranging from $150,000 to $200,000 in the first year. But the pressure is enormous with frequent overnight work and tight deadlines. Interns should be prepared to dedicate themselves fully and network aggressively to secure a return offer.
Base salary of $10,000 per month with potential bonus
The base salary for Morgan Stanley investment banking summer interns is around $10,000 per month. Interns may also receive a discretionary bonus at the end of the internship, adding $5,000 – $10,000 extra to total compensation. The bonus amount depends on individual performance and contribution to deals completed during the summer.
Total internship earnings from $30,000 – $40,000
Taking into account the 2-3 month duration of most summer internships, total earnings range from $30,000 – $40,000. This already rivals the annual salary of some entry-level positions in other industries. The lucrative pay demonstrates Morgan Stanley’s willingness to compensate interns comparably to first-year analysts.
Full-time analyst salary starts at $150,000
The compensation for first-year analysts is even more attractive, starting at around $150,000. Experienced analysts can make over $200,000 in base salary, not counting year-end bonuses which can reach 50-100% of base pay. However, analysts work demanding 80-100 hour weeks and face immense pressure to perform.
Networking is key to getting a full-time offer
With the prestigious name of Morgan Stanley on one’s resume, banking interns are poised for career success. However, the return offer rate hovers around 50%, so interns must demonstrate excellence and develop relationships with senior bankers to maximize their chances. Maintaining energy and stamina under pressure is also vital.
In summary, Morgan Stanley offers very competitive salaries for investment banking interns, ranging from $10,000 monthly base pay to $30,000 – $40,000 total including bonus. Full-time analyst salaries start at $150,000 but require 80+ hour workweeks. Networking aggressively is crucial to getting a full-time offer.