Internship Report : Morgan Stanley

Charles Dabney and Morgan started their own company named Dabney, Morgan & Co. Morgan's business continued to grow as he intensively involves his company in more trade and commerce transactions. In 1871 Dabney retired and Anthony J. Drexel became Morgan's new senior partner. Drexel was already the head of the Philadelphia investment bank Drexel & and Company. The new company Drexel Morgan & Co. became one of the largest and most

Like any other “Robber Baron” during the late 1800’s, J.P. Morgan was no different. He controlled finance and industrial consolidation and was well-known for being a banker. Credited for being one of the few to shape the U.S., Morgan did have a lust of power and greed, but that doesn’t stop him from being America’s leading businessman. His impact goes as far as the present with the many companies he created.

     A significant bill in congress was the Banking Act of 1933, a.k.a. Glass-Steagall. It was this act, which separated commercial and investment banking, that also divided the House of Morgan. As a result, Harry Morgan, one of Jack Morgan’s sons, along with two Morgan partners and about 25 employees left to form the investment bank Morgan Stanley.

After conducting researches on both Principal Financial Group and New York Life Insurance Company, I would be more likely to choose to work at Principal Financial Group. Both companies have strong background. Also, the products (insurance, investment, retirement solution) and services they provide for their customer are almost similar. Two companies, Principal and New York Life help individuals to create a plan that is the best fit for each person and design to be achievable and effective. In addition, it is appeal to me that both companies value and respect their employees. New York Life have a diversity environment and provide training programs for their agents. On the other hand, Principal not only value their employees, but

I was so excited to get a call back from Jackson Hewitt about starting my part-time internship in the Spring with them. In order to graduate in December, I had to continue to take a full course load of classes this semester. Therefore, I was happy I could find something locally in Tuscaloosa so that I could take classes at the same time while working part-time. It was tough at first managing my five classes, work-study, and internship all in one semester but I managed to pull through it successfully. With that being said, my internship at Jackson Hewitt was a success and I learned many wonderful things that could potentially benefit my future career.

I did internship with Novogradac & Company LLP is a national certified public accounting and consulting firm with a major emphasis in the real estate sector. During my internship, I mainly audited property management company regrading cash account, accounts receivable, accounts payable, fixed assets, long term debts, revenue and expense account. Because Financial Report & Analysis I and II courses covered the accounting terms and journal entries in the last summer, I could complete assignments related to audits and journal entries. In addition, I prepared for balance sheets, income statements, statement of partners’ equity for partnership, direct and indirect cash flow statements for each rental property. I delivered required financial statements

J.P. Morgan started his banking career in 1856 in his father's bank in London, but moved a year later to New York City to work at the banking house of Duncan, Sherman & Company. From 1864-1871 Morgan was a member of Dabney, Morgan & Company. In 1871, he partnered up with Anthony Drexel a Philadelphia banker to form a private merchant banking partnership in New York, called Drexel, Morgan & Co that would later become the most powerful investment bank in the world with access to the world's principal money centers. In 1895, it became J.P. Morgan & Co., and had close ties with Drexel & Co. of Philadelphia, Morgan, Harjes & Co. of Paris, and J.S. Morgan & Co. (after 1910 Morgan, Grenfell & Co.), of London. (J.P. Morgan Chase, 2007).

After graduating from the University of Gottingen in 1857, Morgan starting his work in banking along side his father. In 1871 he began a partnership of his own banking firm which was Drexel Morgan and Co,. After conjoining his bank with his father’s after the death of his father the new bank was called J.P. Morgan and Company. It became one of the great and most flourished bank in the world. It had success in America as well as in Europe ("J. P. Morgan."). Morgan’s success helped railroads in efficiency and cooperation and saved the United States economy twice from devastation. His efforts also helped with public finance by organizing a $65 million loan financing that greatly helped investors (“J.P.

In 1871, the banking house of Drexel, Morgan & Co. was established by John Pierpont Morgan. "Twenty four years later it was renamed J.P. Morgan & Co., which it was to remain until the firm's purchase by Chase Manhattan in 2000. (Hughes 23) At this point, Chase Manhattan was the largest banking company in the United States. This was a far cry from the 1980's when Morgan "boasted the largest market capitalization of any American bank and was more expensive to buy than Citicorp. (Hughes 11)" While J.P. Morgan could not imagine the path banking would take in the U.S. with his passing in 1913; his banking house would have a strong hold on American banking for much of the 20th century. The introduction of bank holding companies and certain laws

He co-founded the banking firm that became J.P. Morgan & Co. in 1871, and in the 1880s he established himself as a power player in the

Morgan Stanley is a global financial business firm serving a diversified group of corporations, governments, financial institutions, and individuals in 36 countries around the world, and sets its headquarter in New York City. The main areas of business for the firm today are Global Wealth Management, Institutional Securities and Investment Management. Morgan Stanley settled its Asia Pacific headquarters in Hong Kong in 1987 and its main business helps shape global views on China and the Asia Pacific region. The Morgan Stanley of Hong Kong provides services to clients in investment banking, real estate, private equity, equity and securities trading, derivatives, prime brokerage, private wealth management and investment

Morgan Stanley has earned a worldwide reputation for excellence in financial advice and market execution. Today, Morgan Stanley is employing over 51,000 members in about 27 countries connect people, ideas and capital to help their clients reach their financial needs and future goals. (http://www.morganstanley.com). Ever since the year 1997, Morgan Stanley has joined forces with two respected organizations. Morgan Stanley, which was established in New York in 1935 combined with Dean Witter, which was as big and well-known as Morgan Stanley. Dean Witter was established in 1924 in San Francisco. Due to the fact that they have become more powerful by combining each other’s advantages in the

All managers need to understand where value comes from in their firm. The purpose of this analysis is to identify the financial strategy and performance of this particular publicly traded company. The process of understanding the risk and profitability of a company by analyzing reported financial info, especially annual and quarterly reports are vital to identifying the company’s overall financial performance. I wanted to analyze Coca Cola because the company has so much history and is one of the most recognizable brands in the world. I have always enjoyed researching food and beverage companies

Ameritrade provides online brokerage services and operates an Internet-based financial management services business. 90% of the company’s revenues are from the provision of discount brokerage services.

During my time at Accounting Firm X I learned many lessons that apply not only to accounting and the principles and practices associated with that subject, but also to life as a professional in a real world work setting. The purpose of this essay is to highlight my experiences at Accounting Firm X to shed light upon key learning experiences that can contribute to a holistic educational experience. In this essay I will first describe my goals and expectations. Next, I will go in to detail about my daily routine and how these exercises contributed toward the overall experience. I will then explore the overall lessons learned from my time spent at the firm.