Analyst Programs For Undergraduates

Your Opportunity as a Morgan Stanley Analyst

Morgan Stanley's Analyst programs will launch your career more quickly than you ever thought possible. Whatever part of the firm you join, you will be building on Morgan Stanley's global presence and longstanding reputation as a financial industry leader. You will also learn to establish and develop a personal network of colleagues who may well become lifelong friends.

Institutional Securities

Bank Resource Management

This department is responsible for working closely with our Prime Brokerage, Equities, Fixed Income and Treasury divisions to help investors and the firm finance trading activities. Our trading desks use repos and reverse repos, and lend and borrow securities to help large investors execute their investment strategies while managing our risk and exposure to each firm. Our clients include many of the world's leading hedge fund and mutual fund managers, banks and institutional investors. We transact in stocks, options and bonds on a daily basis to help finance our clients and the firm, as well as provide highly valued, analytical insight into the global markets.

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Commodities

This department is responsible for providing risk management, investor products, financing solutions and liquidity across commodities markets including oil, metals and power & gas. We service a wide variety of clients including producers and consumers; refiners and utilities; central, private and retail banks and sovereign wealth funds worldwide. With knowledge of both the financial and physical aspects of commodities, we are execution specialists, salespeople, market analysts and originators. Working closely with our colleagues across Morgan Stanley, including Investment Banking and Wealth Management, we offer efficient access to capital to help clients protect and grow their business and to take advantage of market opportunities.

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Equity Research

This department is responsible for researching macroeconomic and microeconomic conditions along with company fundamentals, and for collecting and analyzing financial information to make specific investment recommendations. Research Analysts use Morgan Stanley's proprietary framework for Risk-Reward analysis to identify investment opportunities for clients. They use their interactions with leading investors to identify the key debates driving asset prices, they build financial models to explore alternative scenarios and they make recommendations based on relevant evidence that is not yet reflected in current prices. They regularly publish research notes to discuss their conclusions and thinking.

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Fixed Income

This department is responsible for assessing and actively managing risk, trading securities and structuring, as well as executing innovative transactions in the fast-paced and constantly changing global markets. The team comprises four groups: Macro Trading, which includes interest rate and currency products; Credit Trading, which covers a variety of credit-related securities, derivatives and loans; Securitized Products, which is involved in trading and structuring of asset-backed securities and derivatives; and Distribution, whose salespeople help institutional clients achieve their investment objectives and provide access to the rest of the firm. Fixed Income Research also works closely with our traders and salespeople to analyze trends and strategies for clients to use.

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Fund Services

This department is responsible for providing administration services to Hedge Funds. Using Morgan Stanley's proprietary, globally accessible technology platform, we provide a full range of fund administration services. These include daily accounting and financial reporting; transfer agency and investor services; middle and back-office support; and integrated portfolio analytics. Morgan Stanley Fund Services is supported by more than 600 dedicated professionals based in New York, London, Dublin, Glasgow, Mumbai, and Bangalore.

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Global Capital Markets

This department is responsible for helping clients raise capital, whether as stock, bonds or related products. GCM combines the firm’s investment banking skills with its sales and trading expertise, so we can offer clients fresh ideas and worldwide distribution in the capital markets. We work to help clients get the most value from each stage of a transaction, while managing risk.

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Institutional Equity & Prime Brokerage

This department is responsible for originating, distributing and trading equity, equity-linked and equity-derivative securities, and is a global leader in this business, operating in more than 25 countries. Equity Sales & Trading distributes content, provides liquidity and financing, and develops client solutions. The department helps the firm's clients frame the investment debate and provide liquidity or market access via cash, derivative and financing products. It offers exchange-traded funds/notes linked to a variety of strategies and markets; helps fund managers to increase their efficiency and performance through commission management; provides a complete spectrum of electronic trading services; assists hedge funds and others with prime brokerage services; and conceives quantitative and derivative strategies for the firm's clients.

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Investment Banking

This department is responsible for helping a wide variety of clients around the world to make and execute decisions about their business strategy and financial structure. Morgan Stanley is one of the top firms in M&A (mergers and acquisitions), in underwriting equity and related issues, in corporate debt and in high-yield debt financing.

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Public Finance

This department is responsible for raising capital to fund projects for public sector and not-for-profit institutions. The department structures tax-exempt and taxable offerings and derivative solutions to meet the needs of state and local governments, hospitals and health care organizations, higher education and cultural institutions, housing authorities, transportation agencies, water and sewer systems, power utility systems and student loan agencies. They need to fund vital projects with the least burden on public resources.

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Strats & Modeling

This department is responsible for revenue-generating activities that are centered on analytics and technology. Embedded Strat teams work inside the firm's Global Capital Markets, Banking, Commodities, Equity and Fixed Income businesses. Other teams focus on practice areas like Market Modeling, Core Analytics, and Model Standards and Enforcement.

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Investment Management

Investment Management

This department is responsible for managing investments on behalf of both institutional and individual investors. Morgan Stanley Investment Management's (MSIM’s) institutional clients include pension funds, foundations and endowment companies. Our objective is to help our clients achieve outstanding long-term investment performance by offering them a wide array of equity, fixed income and alternative investments, such as real estate, private equity and hedge funds.

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Wealth Management

Wealth Management

Branch Analyst
This department is responsible for enabling our Financial Advisors and Wealth Advisors to meet the investment and financial needs of individuals, families, businesses and institutions. Morgan Stanley Wealth Management is a global leader in wealth management with a network of approximately 800 offices and 16,000 Financial Advisors. Our wide-ranging services include brokerage and investment advice, financial and wealth planning, banking and lending, cash management, annuities and insurance, retirement and trust services.

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Wealth Management

This department is responsible for enabling the firm's financial advisors and wealth advisors to meet the investment and financial needs of individuals, families, businesses and institutions. Morgan Stanley is a global leader in wealth management, with a network of approximately 800 offices and 16,000 financial advisors. Its wide-ranging services include brokerage and investment advice, financial and wealth planning, banking and lending, cash management, annuities and insurance, retirement and trust services.

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Company Management

Corporate Treasury

This department is responsible for accessing long and short-term financing, analyzing the liquidity position of the firm and optimizing its global capital base. Corporate Treasury acts as a partner to senior management and business units by providing forecasted business unit cash capital and liquidity needs. The department maintains relationships with regulators and creditors, and manages the firm's foreign exchange and interest rate exposure.

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Credit Risk

This department is responsible for managing and overseeing the firm's credit risk— the risk that Morgan Stanley might face if a borrower didn't meet its obligations. Credit Risk Management (CRM) reviews transactions that may pose this kind of risk to the firm. The Credit Risk Department keeps track of internal risk limits, works with the business units and reports to management on credit risk issues.

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Finance

This department is responsible for protecting Morgan Stanley’s business by acting as keeper of the Firm’s books and records, and by serving as trusted advisor to Morgan Stanley’s businesses and its Senior Management team. The 3,000 employees of Finance worldwide maintain relations with Morgan Stanley’s various industry and government regulators, as well as with the outside investment community. Finance provides financial planning and timely, accurate and clear financial information, analysis and advice to support business decisions and manage Firmwide risk.

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Human Resources

This department is responsible for providing HR support and strategy to all of Morgan Stanley's businesses worldwide. The division consists of Coverage, Product, and Operations teams. HR Coverage consists of teams of HR generalists who provide support to the firm's business units. Product teams are centralized groups that focus on specific HR functions, such as Benefits, Learning and Development, Recruiting and Data Analysis. Our HR Operations team focuses on optimizing the department's business processes, improving technology and developing strategic recommendations.

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Internal Audit

This department is responsible for validating whether the Firm operates with appropriate controls and risk-management processes. Auditors evaluate the adequacy and effectiveness of the Firm’s internal controls using a risk-based methodology developed from professional auditing standards. Internal Audit helps ensure Morgan Stanley complies with its own guidelines for risk management and monitoring as well as industry rules and regulations. Internal Audit reports directly to the Board Audit Committee and helps verify whether the Firm meets its fiduciary responsibilities to shareholders, adheres to corporate-governance standards and legal and regulatory requirements.

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Market Risk

This department is responsible for managing all market risk exposures arising from Morgan Stanley's business activities. Each group in Market Risk serves a well-defined role: Risk Managers, Researchers (encompassing Risk Capital, Analytics and Model Review), Portfolio Analysts, Risk Reporters and Information Technologists (IT) all do their part.

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Operational Risk

This department is responsible for preventing financial loss or other potential damage to the firm's reputation due to inadequate or failed internal processes, people, systems or external events. Operational Risk Management works with the business units and control groups to help ensure Morgan Stanley has a transparent, consistent and complete program for managing operational risk, both within each area and across the firm globally.

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Firm Strategy & Execution

This department is responsible for supporting Morgan Stanley’s senior-level decision makers, including the CEO, CFO, business unit heads and other members of the Management Committee, as they find new ways to strengthen the Firm’s leadership in global financial services. The group, based in New York, advises them on strategic alternatives by analyzing industry dynamics across lines of business. It also provides execution services related to principal (internal) mergers and acquisitions.

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Operations

Operations

This department is responsible for preventing financial loss or other potential damage to the firm's reputation due to inadequate or failed internal processes, people, systems or external events. Operational Risk Management works with the business units and control groups to help ensure Morgan Stanley has a transparent, consistent and complete program for managing operational risk, both within each area and across the firm globally.

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Technology

Technology

This department is responsible for working as a strategic partner with the firm's business units and the world's leading technology companies to redefine how the firm does business in global financial markets that are evermore fast-moving and complex. Morgan Stanley's major investment in technology results in quantitative trading systems, cutting-edge modeling and simulation software, comprehensive risk and security systems, and robust client-relationship capabilities, plus the world-class infrastructure that forms the backbone of these systems and tools. Our clients value Morgan Stanley insights, applications and infrastructure, which add competitive advantage to their businesses, and to ours.

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