Your Opportunity as an Associate in Research

As a Research Associate (RA), you will be given all of the tools and training necessary to become an industry expert, follow the markets, and create assumptions on stock performance. You will be guided on the analytical and qualitative skills necessary to do the job well. Additionally, you will be coached on higher level skills, such as developing clients, communicating with Sales & Trading and developing a franchise. You will be assigned a mentor to accelerate your integration into the division and the firm. Mentors may provide career advice and guidance for recent graduates and education about the research business, clients, and products.

The Associate Program in Research
How the program works and the day-to-day experience you can expect

Associates play an essential role in assisting the Morgan Stanley Research team in maintaining and enhancing our global research reputation. Individuals are typically assigned to a dedicated industry team and are constantly analyzing the industry and the companies that they cover.

Typical roles and responsibilities include:

• Gathering and analyzing industry data to develop an industry vision
• Analyzing emerging trends in an industry or macro-economy
• Preparing comprehensive company reports
• Assessing relative stock valuations and reviewing findings with senior team members and, ultimately, with internal and external clients

The Associate Program begins with a four-to-six week training and development curriculum to equip you with the fundamental skills and professional awareness you will need to be successful in the position and the firm.

Training will focus on in-depth accounting, financial modeling (including case studies) and overviews on Morgan Stanley as a business. Additionally, you may also be trained on ModelWare, which is our proprietary model-building system. You may also participate in training and study sessions to prepare you for the Series 7 and Series 63 exams.

Along with formal training, you may be assigned a mentor upon arrival at the firm. The mentor is generally a senior-level person in the division, but not someone with whom you will be working directly. This person may help guide your career, prepare you for what’s ahead and assist you with career planning. Traditionally, mentoring relationships last years and can make all the difference in your career.

As an Associate, you will be heavily involved in the analysis of companies under coverage. If your team is growing their coverage universe, you may be in charge of initiation reports and building models from scratch. Additionally, you will receive ongoing training to help bring you to the next level. Training on high-level writing, stock pitching and marketing would all be part of your development.

• You have strong quantitative and analytical skills.
• You are an excellent communicator and are comfortable dealing with clients.
• You have intellectual curiosity, focus and creativity.
• You have a keen research instinct and creative problem-solving abilities.
• You have a strong interest in the financial markets.
• You have an entrepreneurial spirit.
• You are a team player.

Requirements

You must have an MBA.

Selection Process

Initial interviews will happen on campus and later rounds may allow you the opportunity to experience a visit to our New York office. The interviews are hosted by both senior-level Lead Analysts as well as Associates and Junior Associates. Our culture is very collaborative and we would want you to meet those who will guide your career, as well as those who will be working with you on a day-to-day basis.

How to Apply

Please visit our website at http://www.morganstanley.com/about/careers/recruiting/apply.html. You should also check with your school’s career center for specific campus application guidelines.

Deadlines

For application deadline information for the North American Research Associate Program, please consult with your school’s career center.

	Your Opportunity as a Summer Associate in Research

As a Summer Research Associate (RA), you will be given all of the tools and training necessary to become an industry expert, follow the markets and create assumptions on stock performance. You will be guided on the analytical and qualitative skills necessary to do the job well. Additionally, you will be coached on higher level skills, such as developing clients, communicating with Sales & Trading and developing a franchise. Summer RAs gain exposure to Research by working in two specific sectors or industries on a variety of projects. You will be assigned a mentor to accelerate your integration into the division and the firm. Mentors may provide career advice and guidance for recent graduates and education about the research business, clients, and products.

The Summer Research Associate Program is 10 weeks long. Summer RAs gain exposure to Research by working in two specific sectors or industries on a variety of projects. Past projects have included industry, company, and market research and analysis, as well as participation in the publication of research reports and presentations. The program also includes an initial period of training and orientation to the firm.

Typical Roles and Responsibilities Include:

• Gathering and analyzing industry data to develop an industry vision
• Analyzing emerging trends in an industry or macro-economy
• Preparing comprehensive company reports
• Assessing relative stock valuations and reviewing findings with senior team members and, ultimately, with internal and external clients

The Summer Associate Program begins with a training and development curriculum to equip you with the fundamental skills and professional awareness you will need to be successful in the position and the firm.

Training will focus on in-depth accounting, financial modeling (including case studies) and overviews on Morgan Stanley as a business. Additionally, you may also be trained on ModelWare, which is our proprietary model-building system.

Along with formal training, you may be assigned a mentor upon arrival at the firm. The mentor is generally a senior-level person in the division, but not someone with whom you will be working directly. This person may help guide your career, prepare you for what’s ahead and assist you with career planning. Traditionally, mentoring relationships last years and can make all the difference in your career.

Throughout the summer, there will be many opportunities to network with senior management, other representatives from Research, and peers and colleagues from other business units through lunches, seminars and social activities. Summer RAs may also receive significant support from Program Managers and mentors and have mid-summer reviews to assess their performance. The program is kept small in number to ensure each Summer Research Associate receives substantial one-on-one attention. If you enroll in our summer program, you may be considered for a full-time position at the firm.

• You have strong quantitative and analytical skills.
• You are an excellent communicator and are comfortable dealing with clients.
• You have intellectual curiosity, focus and creativity.
• You have a keen research instinct and creative problem-solving abilities.
• You have a strong interest in the financial markets.
• You have an entrepreneurial spirit.
• You are a team player.

Requirements

You must have completed the first year of an MBA program.

Selection Process

You can expect two to three rounds of in-person interviews. The interviews are hosted by both senior-level Lead Analysts as well as Associates and Junior Associates. Our culture is very collaborative and we would want you to meet those who will guide your career, as well as those who will be working with you on a day-to-day basis.

How to Apply

Please visit our website at http://www.morganstanley.com/about/careers/recruiting/apply.html. You should also check with your school’s career center for specific campus application guidelines.

Deadlines

For application deadline information for the North American Research Summer Associate Program, please consult with your school’s career center.