If you're thinking of getting a summer internship in an investment bank, and you're older than 24, you might want to watch yourself.
Morgan Stanley has released the results to a survey of 461 of its summer interns (341 in North America, just 120 in Europe). Most of them are aged 24 or less.
The graphic below shows Morgan Stanley's intern breakdown by age and continent. Notably, if you're over 24 years old your chances of getting an internship at Morgan Stanley in Europe are pretty slender, even though European interns are more likely to study masters courses and to be older by the time they apply. Your chances of getting a post-24 internship at Morgan Stanley in America are slightly higher, but still not exactly high.
Morgan Stanley's breakdown also reflects the ongoing popularity of British interns in Europe (despite Brexit) and the fact that most U.S. interns are American nationals. Women account for slightly more than half this year's interns in Europe.
The survey also revealed that most interns don't really want to work in the office (even though Morgan Stanley CEO James Gorman is pushing heavily for a comeback) - just 22% said they wanted to work in the office full time, and that Morgan Stanley's interns were more likely to hold bitcoin than other crypto currencies (only 39% said they held crypto, but 69% of those hold bitcoin). They also want to drive a Tesla, and 44% said they were "very interested" in working on sustainable investing projects during the internship.
The interns are still busy with their internships, which don't end until August 27th.
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Photo by Joshua Hoehne on Unsplash