Associate Programs for Graduates

Your Opportunity as a Morgan Stanley Associate

Morgan Stanley offers you an unsurpassed platform for building your career. Our global reputation, broad presence and deep understanding of the financial world will keep you intellectually challenged. You will find that the quality of our people makes our firm personally and professionally rewarding.

Institutional Securities

Equity Research

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

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Fixed Income & Commodities

My 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 five groups: Commodities, such as energy and metals trading worldwide; Macro Trading that includes interest rate and currency products; Credit Trading, which covers a variety of credit-related securities, derivatives and loans; Securitized Products Group involved in trading and structuring of asset-backed securities and derivatives; and Distribution, whose sales people help institutional clients to achieve their investment objectives and access to the rest of the Firm. Fixed Income Research also works closely with our traders and sales people to analyze trends and strategies for clients to use.

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Global Capital Markets

My department is responsible for helping clients to 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 & Equity Financing Products

My 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. We help our clients frame the investment debate and provide liquidity or market access via cash, derivative and financing products. We offer Exchange Traded Funds/Notes linked to a variety of strategies and markets; help fund managers to increase their efficiency and performance through commission management; provide a complete spectrum of electronic trading services; assist hedge funds and others with equity financing services and prime brokerage; and conceive quantitative and derivative strategies for our clients.

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Investment Banking

My 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

My department is responsible for raising capital to fund projects for public sector and not-for-profit institutions. We plan financial strategies and structure tax-exempt and taxable offerings and derivative solutions to meet the needs of state and local governments, hospitals and healthcare 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

My 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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