Morgan Stanley
Global Capital Markets

Full Time Analyst

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Placement and duration

Analysts are placed into one of our groups: Equity Capital Markets, Fixed Income Capital Markets, Leveraged Finance or Client Solutions. During the two-year program, you will work with our clients on complex, innovative financing and risk management solutions. The environment is market-driven and reflects that of an open trading floor where you are closely integrated with your team. The GCM experience and its flat structure will provide you with a high level of responsibility early in your career.

Training program

Your Analyst career begins in July with a thorough training program at our headquarters in New York City. The program consists of a variety of presentations and exercises led by experts ranging from professors and industry leaders to current Analysts and senior bankers. It includes course work in accounting, industry and product-specific training, an introduction to Morgan Stanley proprietary analytical tools, as well as an overall education about the Firm. Throughout the program, you will work in small groups with your classmates. Numerous social events are also hosted to give you an opportunity to meet other first-year Analysts across the Firm.

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Lyndal Associate, Global Capital Markets


  • Full Time Analysts in GCM work in one of our main departments Equity Capital Markets, Fixed Income Capital Markets, Leveraged Finance or Client Solutions. The roles and responsibilities can vary by group and may include:
  • Equity Capital Markets: Learn how to read complex financial models and understand basic multiples such as P/E and Aggregate Value/EBITDA, in order to value companies; learn how equity deals are priced and play an active role in the origination and execution of transactions while working closely with your Corporate Finance counterparts in Investment Banking.
  • Fixed Income Capital Markets: Provide clients with valuable updates on market news and trends and how these affect their access to the debt capital markets; work with our trading and syndicate desks on rate views, product management and deal execution; build and run complex financial models.
  • Leveraged Finance: Analyze and create—for both corporate and financial sponsors—various financing alternatives in the context of debt and/or loan financing, leveraged buyouts and acquisition financings; create complex financial models and work closely with Investment Banking professionals to develop projections and valuation and merger analyses as it relates to evaluation of capital structure alternatives; develop client presentations.
  • Client Solutions: Provide clients with holistic solutions to various issues, from asset monetization and relationship lending to pension and risk across all sectors, including financial institutions and corporate clients; supply valuable analysis on market news and trends and the subsequent effect on clients’ access to capital markets; collaborate with trading and syndicate desks on rate and market views, product management and deal execution; structure complex financial transactions and develop, in conjunction with Investment Banking, valuation analysis as it relates to merger and acquisition activity.

Qualifications/ Skills/ Requirements

•You are pursuing an undergraduate degree (senior) with a graduation date between December 2020 and June 2021

•Minimum 3.0 GPA

•You have basic knowledge of and a keen interest in finance

•You are analytical, quantitative, adaptive, hungry, a self-starter, a leader, a team player, a multitasker, ad results-oriented

• You possess strong oral and written communication skills and a positive attitude

• You have excellent decision making abilities