Investment Management Summer Analyst

Job Description

About Morgan Stanley Investment Management

Morgan Stanley Investment Management (“MSIM”), along with its investment advisory affiliates, boasts over 3,200 investment professionals worldwide and manages or supervises $1.4 trillion in assets as of September 30, 2023. Their commitment lies in delivering robust long-term investment performance, exceptional service, and a comprehensive suite of investment management solutions to a diverse client base, encompassing governments, institutions, corporations, and individuals globally.

Job Description: Investment Management Summer Analyst Program – Fixed Income High Yield (Boston)

This 10-week program offers a unique blend of training and hands-on experience within a specific Investment Management (IM) team. It’s designed to equip Summer Analysts with the fundamental skills essential for success in IM. Throughout the program, participants immerse themselves in Morgan Stanley’s culture and atmosphere by taking on responsibilities similar to a full-time analyst.

High Yield Internship Focus:

This program caters to talented individuals pursuing undergraduate degrees in related fields who possess a keen interest in financial markets, economics, and/or international affairs. High Yield interns directly support the department by collaborating with portfolio managers, analysts, and operations associates. The High Yield department, managing $21 billion, relies on its research team to contribute to idea generation through meticulous fundamental research and relative value analysis. Research is organized by industry specialization, with each Senior Analyst focusing on high-yield companies within two to four industries. Furthermore, the High Yield Group often collaborates with analysts from MSIM’s equity, leveraged loan, global income, and investment grade teams.

Primary Responsibilities:

• Assist portfolio managers, high yield analysts, and research associates in their daily operations, encompassing:
• Analysis of industry fundamentals and outlooks
• In-depth fundamental research on individual company business models, operating strategies, and outlooks
• Actively participate in daily investment team meetings and company reviews triggered by primary issuance or secondary market opportunities.
• Construct and maintain proprietary financial models utilizing data from company filings (10-Ks, 10-Qs) and other sources (Bloomberg, S&P CapitalIQ, industry-specific providers).
• Develop spreadsheets and macros to aggregate information from various spreadsheets and databases into consolidated reports.
• Contribute to special projects within the High Yield Department, such as:
• Optimizing and screening investment opportunities
• Assessing portfolio risk exposure
• Compiling regulatory information
• Fulfill additional assignments as required.

Job Requirements:

• Currently pursuing a Bachelor’s degree with an expected graduation date between December 2025 and June 2026.
• Demonstrated strong academic record and extracurricular achievements.
• Excellent oral and written communication skills.
• Proficiency in Excel.
• Experience modeling corporate financial statements (income statements, balance sheets, and cash flow statements), preferably from a credit perspective.
• Ability to function reliably and independently with a high degree of accuracy and attention to detail.
• Understanding of the corporate bond and equity markets.

Application Process and Deadline:

Applicants must submit their resume through the Morgan Stanley website and complete the HireVue digital questionnaire. Resumes are reviewed on a rolling basis until the role is filled or the application deadline is reached, whichever comes first. To be considered, applications must be submitted by Friday, July 12, 2024, at 11:55 PM EST, and HireVues completed by Sunday, July 14, 2024, at 11:55 PM EST.

Compensation:

The expected base pay rate for this role is $52.89 per hour at the commencement of employment. However, base pay constitutes only a portion of the total compensation package, which may also include discretionary bonuses and other Morgan Stanley-sponsored benefit programs, depending on the specific position.