Placement and duration

The Sales & Trading Fixed Income Summer Analyst Program is 10 weeks, beginning with one week of classroom training, followed by three 3-week rotations on various Fixed Income desks in Global Credit & Municipals, Securitized Products, Foreign Exchange/Emerging Markets, Interest Rates, and Commodities. Most Summer Analysts are based in New York City. The Program typically features a management speaker series, product area training, networking events, community service, a performance review and a mentorship program. Summer Analysts receive continued on-the-job training throughout the Program, allowing them to acquire an in-depth understanding of the role a Full-time Analyst can play.

Training program

Summer Analysts begin with a one-day orientation where they are introduced to the Firm’s businesses and learn what it’s like to be an employee at Morgan Stanley. Fixed Income Summer Analysts then attend Sales & Trading division-specific training where they learn core skills essential for success. The curriculum includes daily market updates, business-specific overviews, and basic product and technical training.

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Responsibilities

  • Sales: Develop client base by forming long-term relationships; create investment ideas; sell and cross-sell the Firm’s products; represent the Firm when interfacing with clients on important business issues.
  • Trading: Generate trade ideas and analysis; support all aspects of the market-making and trade execution process, from providing research analytics on trades to relative value analysis.
  • Strategy: Develop investment recommendations on Fixed Income Securities through the study and analysis of market fundamentals and technical research. Utilize existing firm model database and develop new models.
  • Structuring: Build valuation models to help issuers and investors optimize a transaction’s economics, and quantify sources of value and risk. Develop bespoke solutions for clients.

Qualifications/ Skills/ Requirements

  • You are pursuing an undergraduate or Master’s degree, generally as a junior or sophomore, with a minimum 3.0 GPA.
  • Morgan Stanley is a diverse and inclusive workplace, comprised of professionals with any talents and perspectives. One way we demonstrate our commitment to diversity is through the Sophomore Summer Program. This program is an integral part of our diversity recruiting efforts helping to attract Black, Hispanic, Native American, Female and/or LGBT college sophomores.
  • You have advanced knowledge of Excel (preferred).
  • You have basic knowledge of, and a keen interest in finance.
  • You are analytical, adaptive, a leader who is also a team player, and a multi-tasker.
  • You possess strong oral and written communication skills.