The 10-week Fixed Income Research Summer Analyst Program is an opportunity to experience the culture and atmosphere of Morgan Stanley, beginning with one week of classroom training, followed by a rotational program on various Fixed Income Research strategy desks. The rotational program gives exposure to markets across foreign exchange, government bonds, corporate debt and emerging markets. Program features include a management speaker series, product area training, networking events, a charity event and a mentorship program. Throughout the summer, interns will receive regular evaluation and feedback to support with their continued development. The program partners closely with Sales & Trading, providing an opportunity for interns to develop their network with desks that are closely aligned to Fixed Income Research. By the end of the program Summer Analysts will have acquired an in-depth understanding of the role a full-time Analyst can play.
Training Program
The Program begins in June with a Firmwide induction and one week of intensive classroom training. This includes Research and Sales & Trading division-specific training where they learn core skills essential for success. The curriculum includes daily market updates, business-specific overviews, and basic product and technical training. Throughout the program interns will be assessed through individual and group project assignments. All Summer Analysts will be assigned a dean and a buddy by way of support.
Responsibilities
Analysts will be given a specific project during each rotation focusing on anything from developing and pitching a trade idea to creating new valuation and trading models. The project will be presented to the research team at the end of each rotation. These projects would typically involve a combination of the elements below:
• Develop investment recommendations on Fixed Income Securities through the study of market fundamentals and technical research
• Help develop models to identify short term asset dislocations in real time
• Investigate solutions for clients longer-term asset allocation challenges (e.g. the optimal way to generate a 3% return over inflation)
• Assist with the day-to-day production of our research content
• Build a dialogue with our colleagues in Sales & Trading discussing market colour and the impact of incoming data on our published view
Qualifications, Skills and Requirements
You are a penultimate or final year (including Masters) student with outstanding academic achievements, and on track to achieve a minimum of 2.1 honours degree or equivalent in any degree discipline.
• You possess intellectual curiosity, focus and creativity, and have a keen research instinct with creative problem-solving abilities
• You show initiative and are also able to work collaboratively and effectively in a dynamic team environment
• You have an analytical approach to tasks, understand basic econometrics and are willing to learn use of statistical packages: e.g. Eviews, Matlab, R, Stata
• You are open to learning programming languages
• You are fluent in English and have excellent verbal and written communication skills
• You have an entrepreneurial spirit, and are driven to deliver results
• You are committed to maintaining high professional and ethical standards
It is essential to provide accurate details in the application forms, including an up-to-date CV and cover letter as we cannot guarantee you will be able to edit this after submitting your application. In the case that you are permitted to edit your application, it will cause significant delays to your candidacy.
Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in 42 countries, our firm’s employees serve clients worldwide including corporations, governments, institutions and individuals.
We are committed to maintaining the first-class service and high standard of excellence that have always defined the firm and everything we do is guided by our five core values: Do the right thing, put clients first, lead with exceptional ideas, commit to diversity and inclusion, and give back.
