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Global Capital Markets - EMEA
As the nexus between Investment Banking and Sales & Trading, Global Capital Markets (GCM) comprises traditional market coverage and underwriting groups as well as a number of product groups focused on providing customised capital structure solutions for our clients. You will be working with our clients on complex, innovative financing and risk management solutions in the fast-paced environment of a trading floor with immediate access to market information. Our objective is to teach you how to structure and execute capital-raising transactions for the firm’s clients. The environment is market-driven and reflects that of a trading “desk” where you would potentially sit right next to your Managing Director. The GCM experience and our structure will provide you with a high level of responsibility early in your career. We hire candidates for positions throughout the EMEA region. Although the majority of our opportunities are in The Analyst Programme in Global Capital Markets (GCM) During your career as an analyst in GCM, you will work in one of our main departments: Equity Capital Markets, Fixed Income Capital Markets, or Leveraged & Acquisition Finance. The roles and responsibility vary by group. If you work in Equity Capital Markets, you will learn how to read complex financial models. You will become extremely proficient in understanding basic multiples such as P/E and Aggregate Value/EBITDA, which are important to understanding how to value companies. Together, all of this will help you understand how equity deals are priced and allow you to play an active role in the origination and execution of transactions. You will work closely with your Corporate Finance counterparts in IBD. In Fixed Income Capital Markets, you have the opportunity to provide clients with valuable updates on market news and trends and how these affect their access to the debt capital markets. Other responsibilities include weekly market updates, working with our trading and syndicate desks on rate views, product management, and assisting in deal execution. Within the FICM product groups you will also build and run complex financial models. A well-trained analyst is an important asset in winning new mandates, executing derivative trades, and structuring transactions. In Leveraged & Acquisition Finance you will provide clients, both corporate and financial sponsors, with various financing alternatives in the context of debt and/or loan financing, leveraged buyouts, and acquisition financings. As part of the team you will build complex financial models and work closely with Investment Banking professionals to develop thoughts on projections, valuation and merger analysis as it relates to evaluation of capital structure alternatives, as well as gather information and prepare client presentations. At the end of training, we hope that Analysts would have built a strong network amongst their peers and be able to understand financial concepts, build a dynamic model from scratch and have a strong understanding of the Morgan Stanley culture. Once your initial training is complete, you will take up your first placement in the business. Launching Your Career The Analyst Programme begins in July with five weeks of intensive classroom training. This includes business presentations, practical sessions, and the chance to exchange ideas and learn from your peers. You will join analysts from Sales & Trading and Private Wealth Management in the combined Institutional Securities Training Programme, which covers accounting, financial modeling and capital markets. This is followed by specific investment-banking training which covers advanced modeling; Morgan Stanley’s proprietary analytical tools; information technology; financial products and leadership skills. At the end of training, we hope that Analysts would have built a strong network amongst their peers and be able to understand financial concepts, build a dynamic model from scratch and have a strong understanding of the Morgan Stanley culture. Developing Your Career After completing the formal training programme, your training will continue on the job. Senior management takes a keen interest in your progress as an analyst and will look to you for fresh perspectives and new ideas. You will be encouraged to take on responsibility quickly with a view to developing your knowledge tool kit. Senior bankers regularly host training sessions on various topics including new trends in the marketplace, group overviews, and how to better partner within the firm to serve our clients. As an Analyst, you will have a mentor to guide you. To further develop your careers, senior managers will evaluate you and provide you with feedback. Mobility is an important part of building a Morgan Stanley career, and Analysts are encouraged to rotate within the Investment Banking Division and Global Capital Markets, and across country, product and industry groups. Throughout the three year analyst programme you will be encouraged to rotate through various Industry, Product and Regional Groups. Whether you pursue investment banking or a related financial field, the skills and experience you develop as an Analyst will give you a strong foundation for your career. Additional training throughout the year may take the form of market and strategic updates, group overviews and case studies. We also support you in taking language classes and financial examinations, such as Chartered Financial Analyst (CFA) and Financial Services Authority (FSA) qualifications, where necessary. At the end of your three-year programme, successful Analysts will have the opportunity to apply for the accelerated career path programme. This directly promotes you to Associate level positions, further expanding your investment banking expertise and career potential within the firm. Is Global Capital Markets (GCM) Right for You? Are you interested in the financial markets, and do you have a desire to learn about how to successfully operate in the context of the global capital markets? If so, GCM is the place for you. As you are thinking about where to launch your career and how you can make the most impact, you should also consider the following:
Requirements A minimum 2.1 honours degree is required for students in the Selection Process Selected applicants will meet with Investment Banking and Capital Markets professionals through a series of interviews, followed by a full day of assessment at our How to Apply The GCM EMEA hiring process is centralised out of our Deadlines Hiring for our Full Time positions is primarily completed through our Summer Intern Programme. However, further opportunities may arise, so we strongly advise visiting our website on a regular basis, to verify the Full Time opportunities available.
An overview of this programme’s objectives and how you can benefit Our Summer Analyst Programme lasts ten weeks starting in late June. You will be placed on a GCM desk in our Launching Your Career The Summer Analyst Programme begins in June with one week of intensive classroom training. This will include an introduction to Morgan Stanley followed by division specific training. Once you have completed your first week you will take up your placement in the business. Throughout the internship, you will be exposed to business speakers, practical sessions, and the chance to exchange ideas and learn from your peers through various social activities and events. Developing Your Career Management takes a keen interest in your progress as a Summer Analyst, and you will be encouraged to take on responsibility quickly with a view to developing your experience. To help in this process, you will typically be assigned both a “buddy” and a mentor who will act as your confidants and provide you with day-to-day advice. At the end of the internship, you will have had the opportunity to gain first hand knowledge of what the role of an Analyst in Global Capital Markets is all about. In addition, you will have have the opportunity to build a strong network amongst your peers and professionals within the business and have a strong understanding of the Morgan Stanley culture. The other key element of the Summer Analyst programme is that our most successful interns receive a job offer for the Full-Time programme at the end of the Internship. Requirements You must be a high-calibre undergraduate student in your penultimate year of study with the ability to communicate effectively in both written and verbal English and a keen interest in the financial markets. In addition, the ability to communicate in a second language would be beneficial. Selection Process For selected applicants we typically conduct at least two rounds of interviews followed by a full-day assessment centre held at our How to Apply The GCM EMEA hiring process is centralised out of our Deadlines The deadline for applying to the Summer Analyst Programme in Regional Office Internships
For further information, please email rec_rh@morganstanley.com Frankfurt |
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