Morgan Stanley received 90,000 applications for its summer jobs
Wed, 25 Jun 2014
Global financial services firm Morgan Stanley has received roughly 90,000 applications for its summer programme for analysts and associates, according to Bloomberg News.
More than 1,000 people (around 80%) who received offers accepted a position and have started working over the past few weeks, chief executive James Gorman said in a memo to employees yesterday (25 June).
Wall Street firms have been touting the selectivity of their programmes for recruiting junior talent to combat fears that they’re less attractive employers in the wake of the financial crisis, says Bloomberg’s report.
The title of analyst typically is used for undergraduate students who intern for the summer and doesn’t refer to research analysts who recommend stocks to investors. Associates are usually graduate school students.