Sophomore Summer Analyst

Job Description

About Morgan Stanley

Morgan Stanley is a global financial services firm that provides a wide range of investment banking, securities, investment management and wealth management services. It is a world leader in the origination, distribution, and trading of equity, equity-linked and equity-derivative securities. The Institutional Equity Division (IED) services a global Institutional client base, providing clients with innovative product solutions that help to generate alpha within their portfolios.

Institutional Equity Sophomore Summer Analyst Program (New York)

This 10-week program offers a comprehensive introduction to the world of Institutional Equity at Morgan Stanley. It consists of one week of classroom training followed by multiple rotations across the Equity division through our Trading, Distribution, and Prime Brokerage desks.

Here’s what you can expect:

• On-the-Job Training: Gain practical experience working alongside experienced professionals on meaningful projects.
• Skill Building: Develop your skillset in a dynamic and evolving environment, encompassing a variety of areas in the world of Institutional Equity.
• Mentorship Program: Benefit from the guidance and support of dedicated mentors throughout your program.
• Networking Opportunities: Build connections with fellow Summer Analysts and professionals across the firm through events and workshops.

The Program also features:

• Senior Management Speaker Series: Gain valuable insights from top leaders at Morgan Stanley.
• Desk Teach-ins: Learn about specific roles and areas within the Institutional Equity division.
• Community Service: Give back to the community through various volunteer initiatives.
• Performance Reviews: Receive regular feedback on your progress and development.

Please note:

• Sales, Prime Brokerage, or Sales-Trading Roles: This program is designed for those interested in these roles within the Equities division.
• Derivatives Trading & Structuring Roles: If you’re interested in more quantitative, trading, or structuring/content roles within Equities, apply for the 2025 Institutional Equity Derivatives Trading & Structuring Sophomore Summer Analyst Program (New York).

Training Program:

Summer Analysts begin with a one-day orientation that introduces them to the Firm’s businesses, explains what it’s like to be an employee at Morgan Stanley, and fosters networking with other Summer Analysts. The remainder of the training focuses on divisional-specific skills essential to a successful summer. This curriculum covers daily market updates, business-specific overviews, and basic product and technical training.

Roles & Responsibilities:

The program provides exposure to various areas within Institutional Equity, including:

• Cash Equities: Gain experience in executing transactions in cash equity and equity-related products (common stocks, global depository receipts, exchange-traded funds) for institutional clients worldwide.
• Sales: Work closely with Chief Investment Officers, Portfolio Managers, and Traders to deliver meaningful market insights and expertise. You will facilitate introductions to product experts across the Division and Firm to help clients achieve their investment objectives.
• Equity Derivatives: Explore the world of global equity derivatives markets, where you’ll learn about execution services and solutions, including equity options, equity swaps, warrants, structured notes, and futures on individual securities, indices, and baskets of securities.
• Sales Trading: Learn how to help Institutional clients identify and implement cost-efficient, suitable trading solutions, providing pricing and liquidity while managing firm risk.
• Prime Brokerage: Immerse yourself in the Prime Brokerage space, where you will gain insights into financing, market access, and portfolio management for hedge funds.
• Capital Introductions, Business Consulting, and Risk: Learn how these teams play critical roles in the day-to-day management of hedge fund operations, helping clients raise new capital and effectively run their businesses.

Qualifications/Skills/Requirements:

• Pursuing an undergraduate degree with a graduation date of December 2026 or Spring 2027.
• Minimum 3.0 GPA.
• A keen interest in finance and markets, while no prior knowledge is required.
• Collaborative, a quick learner, adaptable, versatile, a multi-tasker, enjoys problem-solving, and possesses a strong work ethic.
• Strong interpersonal, verbal, and written communication skills.

Program Focus:

Morgan Stanley is committed to fostering an environment that promotes diverse talents and perspectives. The Sophomore Summer Program specifically emphasizes attracting individuals from populations who have experienced barriers to entry in the finance industry, including:

• Women
• Hispanic
• Black
• Veteran
• Disabled
• LGBTQ+
• First-generation college students
• Those from economically disadvantaged backgrounds

Application Process and Deadline:

• Apply by September 6, 2024, at 11:55 PM EST.
• Complete a Hirevue video within 48 hours of completing the rest of your application and by the September 6th deadline.

Compensation:

Expected base pay rate(s) for the role will be $36.06 per hour at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which may include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

Equal Employment Opportunity:

Morgan Stanley’s goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting its standards of integrity and excellence. It is committed to equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law. Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).