Hi all,

This summer I interned at Morgan Stanley in Global Capital Markets. For those of you who don’t know GCM is like the connection between investment banking and sales and trading. GCM sits on the private side of the “Chinese wall” but is more in tune with the markets than investment banking. I was working in the structured products group. My desk securitized airplanes and intellectual property. My desk also worked with the New York fed to restructure the debt of AIG. I personally worked a lot with excel, modeling the structure of the deals and putting together powerpoint presentations. I also listened in on phone calls with the CFO’s of some pretty well known companies.  All in all it was a good experience. The people were really nice and helpful and willing to teach me about anything I wanted know. But during the summer I realized I really do want a PhD and the banking/ New York lifestyle isn’t for me. So I am going to apply to Grad Schools. I am trying to limit myself to five or six so I don’t squander an unnecessary amount of money and time, and I am also going to apply to some Fed banks and think tanks.

Best,

Daryl

Course 14

Class of 2010

UEA Secretary