Quick Guide to Investment Banking

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 There are facilitated by Big key 6 Departments 2 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.

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 and graduate programmes could do for you in the future, visit morganstanley.com/campus. And if you have any lingering questions about what vital exactly investment banking is, check out the following 13 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. Big Picture Investment Banks Can Do Three Things For Their Clients

WE ADVISE O1UR CLIENTS ON HOW TO WE HELP2 OUR CLIENTS WITH WE ADVISE O3UR CLIENTS ON HOW TO Raise, Invest Bonds Buy or Join Up with and Manage Money and Shares Other Big Organisations

If an investment banker Maybe to Maybe to Maybe to Maybe to SHARES & BONDS THEY ARE BOUGHT The clients of Investment Banks has a client who NEEDS Build Grow Make To Award ARE COLLECTIVELY CALLED AND SOLD ON THE ALWAYS WANT TO MONEY, then they Roads Business Loans Scholarships STOCK try to find another big (if they’re (if they’re a (if they’re a (if they’re SECURITIES GROW organisation who HAS a government) multinational high street 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 € But issuing SECURITIES and Once the client has decided which The Investment Banker Will Advise up with another big organisation buying and selling them is very type of security they want to issue, so they can share customers Their Client to Do One of Two Things complicated and clients often the investment banker and the rest and money. This is called a need help with thinking about of the team get together to create a Borrow money from the Or, they might advise additional things such as: big brochure so potential investors BIG organisation that them to sell some of know why it would be a good idea to MERGER they have tracked down, their business INTEREST buy them. This brochure is called a and pay it back with interest % RATES THIS IS CALLED THIS IS CALLED PROSPECTUS = 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 experts at every level. So the Each small piece they sell is called a REGULATORS ACQUISITION investment bank works with SHARE. Again, lots of investors can a BIG team to make sure buy shares. When the investment everything goes smoothly. banker s customer uses the money The portion of debt is called a ’ 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 has bought a be just one. When they do so, ACQUISITIONS might change THIS IS security, they they’re called how investors in either TOP SECRET can sell it on the organisation feel about GOOD NEWS STOCK MARKETS. Traders at the owning their SECURITIES. until everything INVESTORS FOR INVESTORS investment bank can help with this. is finalised