The Big Picture

a quick guide to investment banking

Sales professionals, research experts, traders,

brokers, IT experts, lawyers, marketers, risk
managers, communications gurus, accountants,
corporate social responsibility experts, strategists,
operations leaders, wealth managers, investors
and bankers of all sorts coming together to
provide the very best advice to companies,
governments and investors around the world.

Here’s how we do it..

© 2015 Morgan Stanley CS 8319326 08/15

6 2
There are facilitated by

Big
Departments
key
AREAs
Global Capital Markets. Investment Banking. Operations. Technology & Data. They work together
Investment Management. Research. Sales & Trading. to make sure that deals are executed to the point
Wealth Management. These departments help our of completion and that money transfers happen as
clients raise and invest money, buy other companies, securely and quickly as possible.
buy and sell assets, find out about investment
Project managers and analysts of every sort work
opportunities, understand the global economy, and
on huge deals, with global scope, to deliver the best
decide what to do with their profits and savings.
results. And as everything we do results in a digital
All kinds of graduates work in these departments — transaction, we have every type of technologist
not just those with finance, business and economics here too, working on cutting-edge projects with
degrees. We have arts graduates here. Science the latest technology.
graduates too. People with an interest in finance
Together, their work is right at the heart of
and passion to work in investment banking.
our business.

13
supported by That’s a lot of opportunities for someone like you.
Many career paths to choose from. A lot of ways to
develop and grow. A lot of ways you could play an
important role in one of the biggest investment banking
firms in the world.
To find out more about us and what our undergraduate

vital
and graduate programmes could do for you in the future,
visit morganstanley.com/campus.

Big
And if you have any lingering questions about what
exactly investment banking is, check out the following
teams page to get the

It’s not all about the bankers and the traders. We have
teams who focus on marketing, community affairs,
government policy, risk, legal and compliance.
These teams make up Company Management.
As the name suggests, their focus is on helping
Morgan Stanley find the best people, run more
efficiently, be front of mind for the right audiences,
stay on top of legislation and connect with and
invest time in our communities. It’s their ideas that
will shape the future of our business. Maybe you
could join them.

Picture
 Investment Banks
Can Do Three Things For Their Clients

Raise, Invest
1
W E A DVI S E O UR CLIE N T S O N H OW T O
2
W E H EL P O UR CLIE N T S W IT H

Bonds
3
W E A DVI S E O UR CLIE N T S O N H OW T O

Buy or Join Up with

and Manage Money and Shares Other Big Organisations
If an investment banker Maybe to
Build
Maybe to
Grow
Maybe to
Make
Maybe to
To Award
SHARES & BONDS THEY ARE BOUGHT The clients of Investment Banks
has a client who NEEDS ARE COLLECTIVELY CALLED AND SOLD ON THE
ALWAYS WANT TO
Roads Business Loans Scholarships STOCK
SECURITIES GROW
MONEY, then they
try to find another big
organisation who HAS
(if they’re
a government)
(if they’re a
multinational
(if they’re a
high street
(if they’re
a trust or MARKET AND become more profitable
MONEY to invest. The company) bank — yes, individual)
banks can

£
client might need money be clients of

€$
for all kinds of reasons: investment
banks too)
They might do that by joining
The Investment Banker Will Advise But issuing SECURITIES and Once the client has decided which
up with another big organisation
buying and selling them is very type of security they want to issue,
Their Client to Do One of Two Things complicated and clients often the investment banker and the rest
so they can share customers
and money. This is called a
need help with thinking about of the team get together to create a
Borrow money from the
BIG organisation that
Or, they might advise
them to sell some of
additional things such as: big brochure so potential investors
MERGER
%
know why it would be a good idea to
they have tracked down, their business INTEREST buy them. This brochure is called a
and pay it back with interest
RATES PROSPECTUS
THIS IS CALLED THIS IS CALLED

= ISSUING = ISSUING £ EXCHANGE

DEBT SELL EQUITY $ RATES Once everyone is happy with Or, they might buy a smaller
the plan for the client, including organisation. This is called an Doing either requires

REGULATORS ACQUISITION
experts at every level. So the
Each small piece they sell is called a investment bank works with
SHARE. Again, lots of investors can a BIG team to make sure
buy shares. When the investment everything goes smoothly.
The portion of debt is called a
banker’s customer uses the money
they raised to improve their business,
THE SALES TEAM
BOND. Lots of organisations can gets to work and starts selling
the value of each share goes up. Once an investor News of MERGERS and So everything has to be kept
buy bonds — it doesn’t have to the SECURITIES
TOP SECRET
has bought a ACQUISITIONS might change
be just one. When they do so, THIS IS security, they how investors in either
GOOD NEWS
they’re called
can sell it on the organisation feel about
until everything
INVESTORS FOR INVESTORS
STOCK MARKETS. Traders at the
investment bank can help with this.
owning their SECURITIES.
is finalised