Summer Analyst

Job Description

About Morgan Stanley

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Institutional Equity Division (IED) is a key part of this, specializing in the origination, distribution and trading of equity, equity-linked and equity-derivative securities for a global client base.

About the Summer Analyst Program

The Institutional Equity Division’s Summer Analyst Program offers a 10-week experience designed to immerse participants in the world of equity and equity derivative markets. The program is divided into two tracks:

• Institutional Equity: Focuses on Sales, Prime Brokerage or Sales-Trading roles within Equities.
• Institutional Equity Derivatives Trading & Structuring: Focuses on more quantitative, trading, or structuring/content roles within Equities.

This particular posting is for the Institutional Equity Derivatives Trading & Structuring track.

Program Highlights

• Classroom Training: The program starts with a week of intensive classroom training, introducing you to core skills and concepts in the financial industry.
• Rotations: You’ll experience at least three rotations across different desks within the division, gaining exposure to a variety of roles, products, and services.
• Mentorship: You’ll be paired with an experienced mentor who will provide guidance and support throughout the program.
• Networking: You’ll have the opportunity to connect with other Summer Analysts, Senior Management, and professionals across different areas of Morgan Stanley.
• Projects and Initiatives: You’ll work on meaningful projects and initiatives, contributing to the team and expanding your skillset.

Derivatives Trading & Structuring

This track focuses on the generation and facilitation of liquidity, as well as the creation of innovative trading solutions across a range of derivative products:

• Equity Options: Both exchange-listed and over-the-counter options.
• Securitized Derivatives: Derivatives based on underlying assets like mortgages or loans.
• Convertible Bonds: Bonds that can be converted into equity shares.

Qualifications

• Education: Pursuing an undergraduate degree with a technical focus (Mathematics, Statistics, Physics, Computer Science, Engineering). Graduation date should be December 2025 or Spring 2026.
• GPA: Minimum 3.0 GPA
• Analytical Skills: Comfortable applying statistical analysis and deriving value from data.
• Problem-solving: Enjoy solving complex problems that require analytical reasoning and quantitative analysis.
• Technical Proficiency: Familiar with coding languages such as Python, Q, R, SQL, or VBA.
• Communication: Strong verbal and written communication skills.
• Personal Attributes: Collaborative, quick learner, adaptable, versatile, multi-tasker, strong work ethic.

Note: While no prior finance or trading experience is required, a keen interest in finance and markets is essential.

Application Process and Deadline

• Apply by: August 16, 2024 at 11:55 PM EST.
• Hirevue Video: Complete a Hirevue video within 48 hours of submitting your application and by the August 16th deadline.
• Compensation: Expected base pay rate is $52.89 per hour at the start of the program. However, final compensation will be determined individually and may include commission earnings, incentive compensation, bonuses, and other benefits.

Morgan Stanley’s Commitment to Diversity

Morgan Stanley is dedicated to building a diverse workforce, valuing a wide range of experiences and backgrounds while adhering to high standards of integrity and excellence.