Your Opportunity as an Analyst in Investment Management

An overview of this program’s objectives and how you can benefit

Morgan Stanley Investment Management (MSIM) seeks to attract and retain the most talented and innovative individuals from across our industry.  We take pride in placing Analysts in key business areas and allowing them to become fully integrated into their groups. Our Analyst Program is unique: we make a commitment to retain top talent and promote their career development, enabling qualified individuals to grow within our organization.  MSIM’s workforce is diverse in experience and background, but uniform in reflecting our standards of integrity and excellence.

Investment Management is a key business for Morgan Stanley. The firm has made a strong commitment to attracting and retaining the best talent in the business. This makes it an especially exciting time to be a part of MSIM and to experience our entrepreneurial environment.

The MSIM Analyst Program is a minimum two-year commitment that allows individuals to be placed on a range of teams across our business.  Analysts may assume significant responsibilities, have the potential to contribute directly to business objectives, and regularly interact with key business leaders. 

Asset Management

Investments
MSIM’s investment teams offer our clients global investment experience across a comprehensive suite of investment strategies – including traditional financial assets, such as fixed income and equities—and alternative investments, including hedge funds, fund of funds, real estate, senior loans and structured products. The investment team members include portfolio managers, portfolio specialists, research analysts (fundamental and quantitative) and strategy specialists.  Analysts will work closely with members of the investment teams to learn about their approaches to research and portfolio construction. 

Sales, Marketing and Product Development
MSIM’s Sales, Marketing and Product Development teams work in partnership with the investment teams to offer products and services that are tailored for distinct client segments, including the institutional and intermediary markets.  The Sales teams cultivate relationships with both current and prospective clients; the Marketing team is responsible for providing tools and services that promote our investment capabilities to prospective clients, educating our clients about our diverse strategies and empowering the sales force to win business and market share. The Product Development team analyzes and reviews product opportunities, leads projects to modify the existing product line and conducts industry research on competitor products and platforms to assess competitive positioning and pricing.  Analysts will support strategic initiatives, conduct research and analysis of products and clients, and provide recommendations to build sales and revenue.

Merchant Banking

The Merchant Banking Division leverages the Morgan Stanley network and brand to generate ideas, harness relationships, create investment opportunities, and deliver superior returns for our investors. Merchant Banking sponsors traditional private equity funds, infrastructure-focused funds, and one of the industry-leading real estate investing platforms globally.

Infrastructure

As part of Morgan Stanley’s Merchant Banking franchise, Morgan Stanley Infrastructure (“MSI”) target investments in infrastructure on a global basis. Infrastructure is emerging as a distinct alternative asset class that serves as a complement to real estate and traditional private equity investments. Infrastructure assets are long-term investments associated with providing essential public goods and services to societies across the globe. MSI believes that underlying trends in infrastructure-related sectors, including fundamental global supply and demand dynamics, provide a significant opportunity for generating attractive risk-adjusted returns with low volatility and low correlation to other asset classes. Most of MSI’s investments are large, direct equity stakes in  portfolio companies, with the Asset Manager and other senior MSI professionals working together with the management teams of these companies to support their business.  

Private Equity

Morgan Stanley Private Equity (“MSPE”) is the firm’s primary business for investing in large and middle-market private equity transactions globally on behalf of its clients. MSPE’s team of investment professionals brings significant expertise in structuring complex financial transactions and a dedication to partnering with entrepreneurial management teams.

Morgan Stanley has a long and successful history of private equity investing. Since 1985, the Firm has invested over $6 billion in private equity transactions on a global basis.

With offices in New York, London, Hong Kong, Seoul, and Tokyo, MSPE seek out the most attractive investment opportunities around the world and combine a global approach with in-depth local market and industry knowledge. Morgan Stanley’s extensive business relationships and global network of resources afford both our private equity team and our portfolio companies unparalleled access to leading corporations and management teams.

Real Estate

Morgan Stanley Real Estate is comprised of three major global businesses: Investing, Banking and Lending. Since 1991, Morgan Stanley Real Estate has acquired $171.0 billion of real estate assets worldwide and currently manages $99.6 billion in real estate assets on behalf of its clients. A complete range of market-leading investment banking services for real estate clients include advice on strategy, mergers, acquisitions and restructurings, as well as underwriting public and private debt and equity financings. As a global leader in real estate lending, Morgan Stanley has offered approximately $210.9 billion of CMBS through the capital markets since 1997, including $44.9 billion in 2007. 

The Real Estate Analyst Program is a joint program with Investing and Banking.  For more information, please follow the link to the IBD page.

Launching Your Career
The initial training that you receive on starting the program

The Analyst Program begins with a structured curriculum of training, covering the essentials of accounting, Excel modeling, and computer software for quantitative analysis. In addition, there is specific Investment Management financial training, which may include Introduction to Equity, Fixed Income and Alternatives; Thinking on a Portfolio Basis; Conventional Assets and Investment Styles; and Alternative Assets and Derivatives. The Analyst Program incorporates case studies, simulations and opportunities to meet with senior management to offer a complete perspective on Morgan Stanley’s culture.

In addition to classroom training, our program offers Analysts the unique opportunity to develop relationships with their peers, as well as to build a strong network with professionals throughout the division. 

Analysts are encouraged to pursue ongoing educational opportunities, in particular, the Chartered Financial Analyst (CFA) and Chartered Alternative Investment Analyst (CAIA) designations.

• The CFA designation is a globally recognized standard for measuring the competencies and integrity of investment professionals
• The CAIA charter is the global mark of distinction for alternative investment practitioners, focused on analysis, application and standards of practice 

Developing Your Career
What you can anticipate as you make progress and after completing the program

We view career development as an ongoing process, and we offer our employees a broad array of challenging opportunities, both on the job and in a training environment. 

If you are successful in your role, at the conclusion of the two-year training program you may be extended an offer to continue as a member of one of the MSIM teams. Other Analysts seek full-time positions in other parts of MSIM or the firm. Some Analysts move on to business school, as some business areas may require an MBA degree to further advance on a particular career track.

Is Investment Management Right for You?
A checklist to help you decide if you have the skills and temperament for this area

• You are knowledgeable about the financial markets
• You are skilled in financial analysis, with strong quantitative and analytical skills
• You have excellent verbal and written communication skills
• You have a strong aptitude for detail and good organizational skills
• You are highly proactive and energetic
• You are focused on client service
• You are able to conduct research independently, as well as work in a team
• You have excellent project management skills
• You have the ability to adapt to changing priorities and events
• You continually strive for excellence

Requirements
We seek candidates with a strong academic background. A finance/economics degree is preferred, but not required. Prior relevant internship or work experience and a demonstrated commitment to a diverse array of extracurricular activities is desirable.    

Selection Process
MSIM has organized recruiting teams, which review resumes, interview candidates, and provide insight throughout the selection process. After initial first round interviews, over either the phone or on-campus, selected candidates are brought back to the Morgan Stanley office for “Super-Days” for second round interviews. 

How to Apply
Please visit our website at: http://www.morganstanley.com/about/careers/recruiting/apply.html

Deadlines
Varies by region

	The Summer Analyst Program in Investment Management

Morgan Stanley Investment Management’s Summer Analyst Program offers undergraduates 10 weeks of extensive training, networking and various hands-on opportunities.  Students are exposed to career possibilities within functional areas of MSIM and the firm broadly. 

Through business interactions, job assignments and our speaker series, Summer Analysts gain both business and organizational knowledge, facilitating the successful completion of meaningful projects and providing an invaluable learning experience.  Summer Analysts attend a number of social and professional events that provide the opportunity to network and learn about the various products and roles within the Investment Management division.  Each Summer Analyst is placed within a business unit and assigned a manager who provides guidance and mentoring through the summer.  An integral part of the experience entails each analyst delivering a presentation that highlights his/her experience within Investment Management. 

Launching Your Career
The initial training that you receive on starting the program

The Investment Management Summer Program begins with classroom training and orientation in New York City. These days include introductions to Morgan Stanley and Investment Management and technical training to ensure that the Summer Analysts are acclimated with the Morgan Stanley systems before starting on the desk.

As a Summer Analyst, you would be assigned to one of the following areas:

• Investments The primary objective of an Analyst on an investment team is to present differentiated research analysis that adds value to the investment team’s portfolio construction; Analysts may also work in the risk group and conduct attribution and peer group analysis, investment style evaluations and data integrity analysis
• Sales & Advisory Analysts will support strategic initiatives, conduct research and analysis of products and clients, and provide recommendations to build sales and revenue

Developing Your Career
What you can anticipate as you make progress and after completing the program

At the end of the summer, every exceptional Summer Analyst has the opportunity to receive a full-time offer. Each Summer Analyst receives a mid-summer and end of summer evaluation from both his/her manager and Human Resources. The structure of the Summer Program allows Summer Analysts to gain an in-depth understanding of the business and the role of an Analyst.

Is Investment Management Right for You?
A checklist to help you decide if you have the skills and temperament for this area

• You are knowledgeable about the financial markets.
• You are skilled in financial analysis, with strong quantitative and analytical skills.
• You have excellent verbal and written communication skills.
• You have a strong aptitude for detail and good organizational skills.
• You are highly proactive and energetic.
• You are focused on client service.
• You are able to conduct research independently, as well as work in a team.
• You have excellent project management skills.
• You have the ability to adapt to changing priorities and events.
• You continually strive for excellence.

Requirements
Investment Management Summer Analysts candidates need to have a strong academic background. A finance/economics degree is preferred, but not required. Prior relevant internship/work experience and a demonstrated commitment to a diverse array of extracurricular activities is desirable.

Selection Process
Candidates are encouraged to attend various Morgan Stanley Investment Management pre-interview events, career fairs and/or presentations. Selected applicants will be invited to interview both on campus and in our offices.

How to Apply
Please visit our website at: http://www.morganstanley.com/about/careers/recruiting/apply.html

Deadlines
For application deadline information, please consult with your school’s career center.