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THΞ ЯΞCЯUIT are a boutique Talent Acquisition Agency, matching employers with prominent talent.

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About Us

Morgan Stanley mobilizes capital to help governments, corporations, institutions and individuals around the world achieve their financial goals. For over 85 years, the firm’s reputation for using innovative thinking to solve complex problems has been well earned and rarely matched. A consistent industry leader throughout decades of dramatic change in modern finance, Morgan Stanley will continue to break new ground in advising, serving and providing new opportunities for its clients.

Morgan Stanley is committed to maintaining the first-class service and high standard of excellence that have always defined the firm. At its foundation are five core values — putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back — that guide its more than 60,000 employees in 1,200 offices across 42 countries.

 

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PLACEMENT AND DURATION

Global Capital Markets at Morgan Stanley is divided into three sub-divisions, comprising of Equity Capital Markets (ECM), Fixed Income Capital Markets (FICM) and Leveraged Finance (LAF). GCM is a private-side division which offers the best of both worlds: thinking “markets” and acting “strategy”.

Your placement in any of these teams would be determined through an allocation process following an offer.

The Global Capital Markets Off-Cycle Internship is an opportunity to experience the culture and atmosphere of Morgan Stanley’s GCM division by taking on the responsibilities and functions of a Full-time Analyst. The internship typically lasts up to six months, but can vary in length depending on business needs and candidate availability. You will spend your internship assigned to a specific group and/or region, building your product knowledge, market judgement, while working on a wide range of domestic and international transactions.

 

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Equity Capital Markets (ECM):

  • Execution-focused product team that advises clients on equity, equity-linked and equity derivative products, including IPOs, follow-on offerings, convertible bonds and derivatives
  • Provide judgement and advise on optimal transaction structures, timing, sizing, amongst other key execution considerations
  • Work closely with public, private, government and private equity clients, acting as a bridge between them and the global equity investor base

Fixed Income Capital Markets (FICM):

  • Support Senior Bankers in the coverage and origination of business for FIG, Corporate and SSA clients in relation to debt financing; this includes regular pitching through meetings, broader capital and issuance strategy planning, weekly updates on markets and debt pricing across the capital structure and currencies for the clients
  • Work closely with internal teams across IBD, GCM and Sales & Trading on regular market analysis for clients to outline solutions to their financing needs and broader strategy; these might include M&A financing, capital planning, roadshows and swap executions
  • Execute live transactions collaborating with clients, investors, syndicate desk and traders, as well as other banks

Leveraged & Acquisition Finance (LAF):

  • Generate ideas / act on debt origination opportunities for sub-investment grade rated corporate and sponsor-owned clients (debt origination opportunities broadly consist of (1) general corporate purpose financing, (2) refinancing of existing debt, (3) dividend recapitalisation, (4) leveraged buyout financing. These opportunities can be executed via two types of facilities: high yield bonds and leveraged loans)
  • Once mandated, work closely with internal teams across IBD and GCM to bring clients to the rating agencies where they will receive either a debut rating, or in the case that the client is already rated, a ratings update (which will take into account the latest financial performance of the client, the forecast business plan, the proposed transaction, and other details)
  • After the client receives an updated rating, enter the live execution phase, in which we work closely with internal teams across IBD, GCM and Sales & Trading, to conduct marketing exercises with investors / lenders, until the proposed facilities are priced and allocated

 

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TRAINING PROGRAMME

You will receive on-the-job training and benefit from working alongside experienced professionals on a variety of projects. [at least this year the off-cycle interns had 2 days of training before they started, so if intention is to keep that (was massive help for team!) then could reference here]

ROLES AND RESPONSIBILITIES

  • Providing support on marketing and execution of various types of offerings and products such as IPOs, capital increases, derivatives and securitisations
  • Analysing and advising clients on the most effective transaction structures to meet their objectives
  • Gathering data and analysing trends, investor sentiment and market outlook
  • Preparing analyses of transaction precedents, shareholding structures, stocks metrics and performances
  • Creating financial models
  • Attending team discussions and client meetings, where you may be asked to deliver parts of a presentation

 

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QUALIFICATIONS AND SKILLS

  • You are in your penultimate or final year of university studies
  • You have strong analytical and numerical skills that put you at ease with financial data
  • You articulate complex ideas simply and summarise them effectively
  • You are results-driven, perform well under pressure and against tight deadlines
  • You are a proven team player with a positive attitude and the ability to manage a wide range of responsibilities
  • You have a creative mind-set and “think outside of the box”
  • You are fluent in English. Ability to communicate effectively in another language is an advantage
  • You are committed to excellence in your work and maintain high professional and ethical standard

*salary is competitive with excellent benefits

Job Level: Intern

Program: Off-Cycle Internship

 

 

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London

07506 563 885

info@ther3cruit.co.uk