I fortunately have internship offers from both these firms from their respective flagship locations. I am treating this decision to be as imp as the FT since most of the ppl from my program convert and go back to join their summer employer.From what I have heard and understand so far, Morgan is a great name on your resume next only to Goldman. DB it seems is an equally good name moreso in Europe/ Asia than US. The internship structure for both the firms is pretty much the same (2-3 rotations across FI/ Equities). The difference is in the FT offer - whereas the DB offer is general (you have 4 more FT rotations), the Morgan offer is desk-specific (one of the two summer desks). So while you hit the ground running straight away in Morgan, you run the risk of getting stuck in a desk you don't like.As someone with no work experience in Sales & Trading, the option of being able to rotate sounds quite good. However, it is difficult to ignore simply the power of the Morgan name on your resume. I also hear the sheer quality of people I will get to work with at Morgan is incomparable.I want to get into derivatives trading (more on structured rather than flow side) and am looking for suggestions/ advices.Many thanks for your input.

Hi darkforce,Congrats on the offers. I know I've responded before but let me hit the major points again. Both sound like great opportunities and you've pretty much hit on some of the pros and cons of each. Let me just add a couple of things.Both DB and Morgan are world class institutions and at the top of the "rankings" in the respective countries/cities listed above. However, despite what people have been known to say, I doubt you will see much difference in the type of people employed in either. Morgan has a great name in the US and it will certainly attract attention when submitting your resume for that next job. Understand, however, that the important thing is what you will be able to learn at a company and how you will be able to apply it to future endeavors. If we assume for a moment that the drivel you've heard on these forums is correct, and the people at Morgan are five notches above those at CSFB or where ever else, will it help you much if they act like complete wankers and don't teach you a thing? Couple this with the fact that most people generally overreact (both to things of this nature and in financial markets) and/or have hidden motives for claiming the superiority of their previous firm, you'll begin to realize that a lot of what your hear is complete and utter horseshit. Once you get some experience under your belt and have worked in the industry for a while, I think you will begin to see what I mean.That being said, Morgan is a great place and many of their businesses are best in class. However, your ultimate decision should be based on whether you are getting into a good business unit, what you will be able to take from the experience and whether or not it will turn into a full time opportunity. Also consider even if you do get a full time position on a desk, you can always "shop around" after returning from your internship (having an offer in the pocket is a great bargaining chip!). You seem to have a pretty good decision to make, one where if you make the wrong decision, you won't be too far off from where you would be if you had made the right one. Good luck.

As jd1123 says, they are both great banks with great opportunities if you work there. Sure, there are cultural differences - American vs European, but each has its benefits.But I'd be inclined to choose which city you'd rather live in - there is far more difference between London and New York than the banks.

QuoteOriginally posted by: jd1123If we assume for a moment that the drivel you've heard on these forums is correct, and the people at Morgan are five notches above those at CSFB or where ever else, will it help you much if they act like complete wankers and don't teach you a thing? obvious to me that you've never worked at a half decent firm. from my experience, the culture at a morgan stanley or GS is very different from most other firms. a huge emphasis is placed on succeeding as a team unit rather than as individuals and the mentoring and training is geared towards that. you really won't find many egotistic jerks at a top firm, acting like the stereotypical "big shot" just isn't necessary and in any case would be frowned a upon. in this industry, you'll find that the people at the top of the food chain tend to be the most humble, it's those who are only successful in their own minds who tend to act like dicks.

QuoteOriginally posted by: mwamQuoteOriginally posted by: jd1123If we assume for a moment that the drivel you've heard on these forums is correct, and the people at Morgan are five notches above those at CSFB or where ever else, will it help you much if they act like complete wankers and don't teach you a thing? obvious to me that you've never worked at a half decent firm. from my experience, the culture at a morgan stanley or GS is very different from most other firms. a huge emphasis is placed on succeeding as a team unit rather than as individuals and the mentoring and training is geared towards that. you really won't find many egotistic jerks at a top firm, acting like the stereotypical "big shot" just isn't necessary and in any case would be frowned a upon. in this industry, you'll find that the people at the top of the food chain tend to be the most humble, it's those who are only successful in their own minds who tend to act like dicks.mwam,Perhaps you should refrain from personal attacks and try to constructively contribute to these forums as you have obviously done extensively in the past. You have no idea about my previous experience, I assure you that. I've worked with an array of people ranging who those who have been at the very best to those who have been at very worst, and in all cases, I have never seen the stark difference everyone seems to touting. However, like I always say, people should take my advice with a grain of salt as it is only one opinion in a sea of many. But I will say that it is usually the marginal people at very top tier firms who tout the "incredible work experience and colleague" drivel with which I obviously disagree. Perhaps the unit or units in which you worked at Morgan or GS or whatever other super-hero super center were extremely team oriented and had little interest in individual development, but is every business unit the same way? I'm sure you think so, but I'll tell you from MY experience, I do not agree.Also, let me make clear I am not trying to slight the brand names of Morgan or GS, as both are incredibly well respected and usually people are very impressed by work experience at either. Just keep in mind that it is like any other brand, and there's lots of hype that goes along with it. However, branding is very important in this industry, so it is an obvious strength to have worked at either of these places. So many things on these forums, and in this industry are hyped, distorted and difficult to understand for a variety of reasons. I just happen to feel that the magnitude of how much better the people are at GS or Morgan (whatever the hell that even means) is so hyped that people cannot even begin to make educated decisions. I am quite sure that your average employee at GS is "better than" (again, what does this even mean?) your average employee at a second tier banks, but the differences are not nearly as great as you seem to be claiming. You know mwam, when I was younger, more nieve and had no experience in finance, I would have agreed with you completely.

Calm down, guys. It is not worth it

I agree with Stephen. I would rather appreciate any points that will be worth considering while I make this decision.Thanks much jd and gjlipman for your comments

Both are so good that it is pretty much impossible to rank jobs in them. It really does depend on the desk.I'd say that you shoudl ask to meet the people with whom you will be working. You may well develop a feel for which one you are more at home in.I spent many years at DB, and it was truly an excellent place to be. MS is great too, though. As others have said, think about the city you will be in, too.On that point, I think career prospects are better in london, in general, but not by much.

Hello Darkforce,A suggestion: You have two written offers, so why not tell both MS and DB you are undecided and ask to speak with more people at each firm, past interns for example ? Away from the interview environment you'll probably get a better picture of each is really like.On a forum like this, everyone has their own agenda and judging by some of the responses you've got, there are some pretty big chips sitting on some shoulders!!!! Remember, the so called "ranked" firms reject (and fire) a lot of people every year so you will find many all too willing to shout "firm XYZ' is all hype at every opportunity. Similarly, you'll get those who work at these firms and think they are light years ahead of the rest. The truth, as always, sits somewhere in between but is something you should determine through first hand investigation.Good luck with your decision making.ST