Accounting 101
Name the three financial statements.
1. Income Statement
2. Balance Sheet
3. Cash Flow Statement
Students often network using short casual conversations known as these.
What does the acronym EBITDA stand for?
Earnings Before Interest, Taxes, Depreciation, and Amortization
Who is the CEO of Morgan Stanley?
Ted Pick
What is the drive-thru coffee chain that raised over $338 million in its 2025 IPO, with Morgan Stanley serving as one of the leads on the IPO.
Black Rock Coffee Bar
What is referred to as the “top line” on a company’s Income Statement?
Revenue (Gross Sales)
When does the 2027 Investment Banking Summer Analyst Program application go live?
January 1, 2026
This four-letter acronym represents the rate that a company would pay to finance its assets and can be used to assess the value of an investment opportunity.
WACC (Weighted Average Cost of Capital)
What anniversary did Morgan Stanley recently celebrate?
90th!
What doughnut chain returned to the public markets in July 2021 via a Morgan Stanley - led IPO, selling 29.4 million shares at $17 each.
Krispy Kreme
What two items does Operating Working Capital exclude?
Cash & Debt
(Cash & Short-Term Debt)
How long is the Investment Banking Summer Analyst Program?
10 weeks or 9 weeks with 1 week of training
Name the three of the major valuation methodologies.
1. Discounted Cash Flow (DCF) Analysis
2. Comparable Company Analysis
3. Precedent Transactions
What are the firm's three core business segments?
1. Wealth Management
2. Investment Management
3. Institutional Securities Group
E*Trade
Why does Depreciation (a non-cash expense) affect the cash balance?
Depreciation is tax-deductible; since taxes are a cash expense, depreciation reduces the amount in taxes you pay.
What is the specific inbox for Investment Banking Analyst campus recruitment?
ibdanalystcampus@morganstanley.com
What is the most important factor when selecting a comparable company or precedent transaction to analyze?
Industry
What are 4 offices in North America that Investment Banking sits in.
1. New York
2. Houston
3. Menlo Park
4. San Francisco
5. Los Angeles
6. Chicago
7. Toronto
In its 2025 IPO, what mobile banking company raised $864 million, pricing its shares at $27, with Morgan Stanley leading this transaction?
Chime
Which depreciation model does tax accounting use?
Accelerated Depreciation
How many programs are you able to apply to for summer 2027?
Maximum 3!
What item is missing in the below formula to calculate Enterprise Value (EV)?
EV = Equity Value + Debt + Preferred Stock + ____________ - Cash
EV = Equity Value + Debt + Preferred Stock + Noncontrolling Interest* - Cash
*Also called Minority Interest
Name the five core values of Morgan Stanley.
1. Do the right thing
2. Put clients first
3. Lead with exceptional ideas
4. Commit to diversity and inclusion
5. Give back
How much was Reddit valued at when Morgan Stanley led the IPO?
$6.4 Billion