Your Opportunity as a Summer Analyst in Prime Brokerage

The Prime Brokerage Summer Analyst Program is 10 weeks long and offers a unique insight into a Wall Street firm. The Prime Brokerage Program offers excellent networking opportunities. Summer Analysts are assigned a mentor to help them acclimate to the firm, and have daily exposure to senior management during information sessions, one-on-one meetings and learning lunches.  Summer Analysts also attend numerous events, including outings with the various areas of Prime Brokerage, to help them get to know the Morgan Stanley professionals. Please note that the summer analyst program is the main opportunity for college graduates to receive an offer as a full-time analyst within Prime Brokerage, as the division does not actively participate on campus for full-time analyst recruiting.

The Summer Analyst Program in Prime Brokerage
How the program works and the day-to-day experience you can expect

Prime Brokerage provides a range of core and specialized services that offers talented graduates the opportunity to build a rewarding career at the leading edge of financial innovation.  You will have the opportunity to operate as a strategic partner with our hedge fund clients.

The Prime Brokerage Summer Analyst Program consists of classroom training, a desk placement, rotations, senior management speaker series, networking events and a mid-summer review. Summer Analysts are placed in a specific role in a functional area for the majority of the summer, allowing them to gain an in-depth understanding of the role that an Analyst can play within the Division. To provide them with broad exposure to the diverse products and functions throughout Prime Brokerage, Analysts rotate to various areas within the Prime Brokerage Division.

Within the different business functions of Prime Brokerage the following roles exist for Summer Analysts joining the program:

• Client Service Provide operations support for hedge fund managers by reviewing the daily reconciliation exceptions, ensuring clearance and settlement of trades, analyzing corporate events, and servicing ad hoc inquiries and requests from clients
• Sales Create pitch books and perform analysis of business opportunities, learn how hedge funds generate returns, and how the financial community services hedge funds
• Client Consulting Services Help new funds launch with a range of go-live services and best practices consulting, including finding office space, vendor systems, and project management for the fund launch process
• Marketing Conduct data analysis, produce industry research presentations, and create sales materials
• Technology Help draft project plans, specifications, testing plans, and implementation schedules for the planning and execution of internal workflow tools, Prime Brokerage websites, and other client technology
• Risk Review client portfolio risk reports and contribute to projects reviewing operational best practices, policies and procedures, and regulatory initiatives
• Capital Introductions Provide analytical support for the team as it plans and executes marketing plans to connect clients with potential investors, gather news and market intelligence, and update and maintain the databases that support these activities
• Finance Help to analyze trends in client profitability, including fees charged to clients, costs of internal and external financing, and direct and allocated costs

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

The Prime Brokerage Summer Analyst Program lasts 10 weeks, with an initial week of training and seven weeks of focused exposure to one of the following groups: Client Service, Sales, Client Consulting Services, Marketing, Technology, Risk, Capital Introductions, or Finance. The remaining two weeks of the program include one week for rotation to other groups of Prime Brokerage, and one week of departmental project work. All internships will have the opportunity for client interaction. The program also includes lunches with senior managers and social events with Equity Finance professionals and colleagues/peers across the firm.  Besides giving you the opportunity to have a crash course in the hedge fund industry, the program will give you many opportunities to network with senior managers, professionals, and colleagues/peers across the firm.

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 their 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 Prime Brokerage Right for You?
A checklist to help you decide if you have the skills and temperament for this area

• Must be highly focused and goal-oriented
• Have a compelling interest in hedge funds and the overall financial markets
• Possess excellent written and oral communication skills
• Be insightful, creative, quantitative thinkers, who have a desire to work in an exciting environment
• Be very detail oriented and have the ability to react quickly to ever-changing events and market conditions

Requirements
Analysts need to be in their final year of their undergraduate degree with an outstanding academic record and have an interest in hedge funds and the financial markets.

Selection Process
Candidates are encouraged to attend various Morgan Stanley Sales & Trading/Prime Brokerage 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.