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Internship with Morgan Stanley
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Rachel Patchen

Paterno Fellow
Majors: Psychology and Economics
Minor: French
Hometown: Lafayette Hill, PA

How did you learn about this opportunity?

I learned about the opportunity through a family member who worked in Operations at Morgan Stanley. I then applied online. I first participated in a phone interview, then a second round interview at their office in New York City.

Tell us a little bit about your experience.

I interned in Operations at Morgan Stanley. Operations is a division of the firm that strives to improve processes and make the firm more efficient. Specifically, my team was a Credit Derivative Trade Support team. We dealt with Credit Default Swaps, which is a financial product traded at Morgan Stanley. I lived in New York City. This was a paid internship, and Morgan Stanley gave a partial stipend for housing. Along with several other interns, I lived in NYU dorms in TriBeCa. I became very close with my Summer Analyst class through many exciting outings, such as going to Six Flags and a Mets game. It was an excellent experience to learn more about Operations and financial services.

"I sat with and shadowed a myriad of groups, which helped me to broaden my network and gain overall knowledge of the financial marketplace."

How did this experience impact you academically?

The internship program offered many different events throughout the summer. This included listening to senior members of the firm speak about their careers, professional development seminars such as 'Presentation Skills', a tour of the New York Stock Exchange, and networking events that allowed us to meet employees across Operations. I now understand the remit of Credit Derivative Trade Support and where my group sits between the client and the general ledger. I sat with and shadowed a myriad of groups, which helped me to broaden my network and gain overall knowledge of the financial marketplace. I am not a finance major, so it was an incredible opportunity to learn more about how financial services function.

Would you recommend this experience to other liberal arts students? If yes, why?

Yes. This internship was an excellent experience. There are many professional and networking events available for interns. There are opportunities to meet senior management and learn more about several different components of a successful financial servicing company.

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