Graduation Season| Qing WANG: What Made Me Choose Morgan Stanley

毕业季 | MF王青：我为什么进了摩根士丹利？

Q: Why do you think Morgan Stanley retained you and provided you a full-time offer after your internship?

A: Probably because I’m hard-working, as I used to be at SAIF.

Though out of our expectation, Wang Qing’s response explained something.

Q：你是凭藉什么最后会被实习单位摩根士丹利留用，拿到正式的OFFER？

A：我觉得最可能是比较能吃苦，因为在高金苦出来了。

Qing WANG, SAIF MF Graduation Class of 2017

王青 SAIF MF 金融硕士2017届

As a graduate of SAIF MF 2017, Wang QING successfully joined Morgan Stanley with two of her classmates thanks to her outstanding performance, in addition to a summer offer as early as in the year of her enrollment. Today, we will listen to her story. 

王青，上海交通大学上海高级金融学院(SAIF/高金)2017届金融硕士(MF)毕业生，她于入学当年申请到摩根士丹利的Summer Offer,并因为出色的表现，与其他两位SAIF MF同学顺利入职“大摩”。今天我们来听听她的经历。

Prior to SAIF, Wang QING graduated from The School of Economics of Shanghai University of Finance and Economics, with double degrees major in Quantitative Economics and Mathematics.

王青本科毕业于上海财经大学经济学院，主修数量经济专业，辅修数学双专。

Since Wang QING preferred professional applications to academic research, she applied for SAIF’s Summer Recruitment Camp in her junior year. “All the participants were outstanding. The overall atmosphere of learning, innovative curriculum design and alumni activities were appealing.” Thus, Wang QING “fell in love” with SAIF at her first sight, who abandoned the opportunities from other schools and focused on SAIF. 

鉴于本科学的课程偏学术研究，而王青自己更喜欢专业应用类，因此她在大三时申请参加高金举办的招生夏令营。“参加的同学都非常优秀，中间穿插的活动还有整个课程的设计，都很吸引我，再有就是校友发展什么的都很不错。”王青因此对高金“一见钟情”，直接放弃了参加其他学校夏令营的机会，等着早日迈进高金的大门。

 Qing WANG at  SAIF MF Summer Camp

 (first from the right)

参加高金夏令营（右一）

“Studying at SAIF is everything but relaxation.” Mathematics and quantification weighed heavily in SAIF MF Program. In spite of her four-year foundation of quantitative economics during her undergraduate program, Qing was still somewhat overwhelmed by the fast-moving and intensive schedule in SAIF MF. In addition, the online applications and interviews for summer internship concentrated on the period from October to December of the first semester, which made her feel overloaded to prepare over 10 interview packages. 

“一入高金深似海，从此轻松是路人。”高金MF课程数理、量化方面的占了相当比例，虽然有本科四年数量经济的基础，但是面对高金MF密集快节奏的教学，王青感觉还是有些吃力，再加上第一学期的10-12月正是申请暑期实习集中的网申及面试时间，同时要准备十几份面试材料，王青当时真有超负荷的感觉。

“During that period, I slept 5 hours a day and it was extremely stressful. Fortunately, I have some academic background in mathematics, not to mention other classmates major in disciplines other than economics,” Qing WANG marveled when looking back, “I think most of the participants who joined SAIF are highly resistant to pressure and self-disciplined.” 

“那段时间每天只能睡五个小时，压力真的很大。我还有一些数理的底子在，那些本科是非经济类的同学学起来就更吃力了。”回忆那一段经历，王青现在仍感慨万分。“我感觉能进高金的人，大部分都是能抗压耐挫且严于律己的人。”

In the intensive curriculum, the courses taught by three female professors, namely “Corporate Finance” and “Merger & Acquisition” by Prof. Zhan JIANG, “Accounting” by Prof. Lei ZHU and “Principles of Finance” by Prof. Xiaomeng LU, impressed Qing the most. “No matter you deal with primary or secondary markets, the fundamentals of a company are all explained by three statements, that is, balance sheet, cash flow statement and income statement. Prof. Lei ZHU’s Accounting is intelligible and practical.”

在密集的课程教学中，三大女神的课程——蒋展的公司财务以及并购课程，朱蕾的会计学，鲁小萌的金融学原理，让王青印象尤为深刻，收获也最大。

“不管做一级市场还是二级市场，如果需要看公司的基本面，就必然要学会看三张表：资产负债表、现金流量表、利润表。朱蕾老师教的会计学非常通俗易懂，很容易就明白，而且很实用。”

Prof. ZHU and MF students in class

朱蕾教授给MF学生上课

According to Qing, there are a lot of items and rules in accounting, which are hard to memorize purely in class. However, after theoretical lectures, Prof. ZHU often left half a session for exercises and hands-on practices. “These exercises helped us better review reports and statements during our internship. I hope that SAIF would introduce more pragmatism-oriented courses in the future, completed by in-depth expertise and insights,” suggested Qing. 

王青描述说，会计科目非常细，条条框框很多，光是上课很难马上记住。朱蕾教授通常在上完理论内容后会留出半节课时间当场给学生做实战操练。 “经过灵活演练后，我们在实习中看报表时就能够应用自如。希望这样实用的课程今后高金可以多开些，甚至可以教得更深些。”王青建议说。

Of course, she also believes theories are necessary. Though practices may change from time to time, theories provide a basic framework and scope

当然，王青认为理论方面的课程教育也是必须的，虽然工作会根据实际作些调整，但理论提供了规范性的基础框架和范围。 

Rare leisure time

难得的休闲时光

In the summer before SAIF, Qing WANG worked as an intern at Rothschild, which introduced her to the role and business model of an investment bank. Again, she beat the keen competition of interview and joined Morgan Stanley’s IBD along with two other SAIF graduates.

进入高金前的暑假，王青曾进入Rothschild实习，对投行的工作内容和模式有了一定了解。通过激烈竞争，王青顺利通过面试，和另外两名SAIF同学一起来到摩根士丹利的投行部做IBD。

Though somewhat prepared to the busy schedule in the business of investment banking, Qing was surprised by the fanatical pace at the very beginning. As her team focuses on the Chinese market, her internship coincided with the critical stage of a Chinese company seeking for IPO in Hong Kong. Therefore, after the first week of orientation, she followed the project over the next 9 weeks, compiling and preparing a variety of IPO documentations, working on due diligence, traveling to different cities, and communicating with legal, audit and accounting teams. Under the circumstance of tight schedule and extensive workload, every day was a battle to her. She slept 5-6 hours a day and never took a two-day weekend, which made her lose 5 kilograms after the internship. 

即便对投行的工作状态已经有一定的心理准备，王青刚开始还是被这种陀螺般连轴转的节奏搞得有些“懵圈”。她所在的项目组主要面向中国市场，实习时正好碰上一个中国企业赴港交所申请IPO的关键时段。于是第一周专业培训后，后面九周马上跟具体项目，集中帮助整理各种申报的文件材料，做DD，赴各地出差，与法务、审计、会计等各个团队作沟通……时间紧、工作量大，她每天就像打仗一样，只有五六个小时的睡眠，没有双休。实习期结束，王青瘦了10斤。

Good friendship

美好的同学情谊

In addition to diligence, Qing WANG described herself as good at learning, detail oriented and proactive in communicating with team leaders and members. Once she submitted a presentation to her boss at 2AM, which was a version after numerous rounds of review and revision at different levels. However, her boss pointed out that the borders of a table wasn’t consistent with the background of the template. Though it was barely invisible, he still asked her to eliminate the concern. Eventually, the result of the printout convinced her that it deserved the effort. “It may be regarded as the obsession of investment bankers, who seek for precision and perfection, free of defect.”

除了能吃苦，王青觉得自己还比较善于学习，注重细节，积极主动地向同事和老板沟通。 有一次凌晨两点，王青改了个PPT交给老板，这已经是经过多个层级审阅并修改过的N版了，Boss说有一个表格的线条和模板的背景颜色不是特别一致，虽然不仔细看基本看不出，但他还是要求把所有页面全部调成一模一样，后来打印出来的效果让她叹服Boss的严苛确有道理。“这可能就是一种投行强迫症，精益求精，完美到极致，容不得一点点瑕疵。”

The involvement in this project also benefitted Qing a lot, “It was the first time I dealt with an IPO project, which revealed all related processes and steps. For an investment banking professional, from documentation to filing, every detail calls for attention.”

参与这个项目的经历也让王青受益良多，“这是我第一次做IPO，明白了中间会有哪些流程环节。做投行业务包括做项目、准备各方面的材料、做申报等等，哪一环节都不能掉以轻心。”

Given their professionalism, diligence and efforts, Qing and other SAIF graduates are highly recognized by both team members and leaders, who complimented their distinctive adaptability compared to other recent interns. Such remarkable results also led to high retention rate. For example, three of four SAIF MF graduates of 2017 received the final offers from Morgan Stanley.

也许因为王青这些高金出来的学生不仅专业素质高，又能吃苦，有拼劲，所在team的同事还有Boss对他们都非常满意,认为这批实习生是大摩近几年实习生中适应性较强表现较好的，最后留用比例也很高。同去实习的四名高金MF学生，有三名被最终录用。

Yoga time

瑜珈时间

Though Qing WANG doesn’t have a clear idea about her future yet, she understands that the opportunity to enter a leading international investment bank at the very beginning of her career path will significantly expand and improve her vision, experience and capabilities. She expressed her appreciation for this “tough” journey, which raised the curtain for a valuable starting point and a promising future.

关于未来，王青目前还没有明确规划，但她清楚踏入职场的第一步即能进入国际大投行，对自己的视野格局、职场阅历和能力都会是一个很大的拓展和提升。她感谢这段“苦难历程”，让自己的职业生涯有了不错的开端，未来也就多了无限可能。