Morgan Stanley

Placement and duration

The Public Finance Summer Analyst Program a 10-week program, including one week of classroom training. The program provides undergraduate students an opportunity to master the analytical, quantitative and interpersonal skills necessary to develop an exciting and rewarding career on Wall Street. Summer Analysts assume the functions of Full Time Analysts, servicing the Firm’s investment banking clients in the public sector and not-for-profit sector across the United States. Over the course of the summer, Summer Analysts are given an opportunity to explore multiple product areas, including Infrastructure (States, Cities and Local Governments), Higher Education and Not-for-Profit Institutions, Healthcare, Affordable Housing, Public Power and Utilities and Syndicate.

Training program

The Summer Analyst training program begins with a one-day orientation where Summer Analysts are introduced to the Firm’s businesses and have the opportunity to meet one another during a Firmwide networking event. Throughout the rest of the Program, summer Analysts will attend core curriculum sessions on financial markets, products, and technical training, as well as divisional-specific events, designed to develop the core skills required for a successful summer. In addition to the Summer Analyst training program, Public Finance Summer Analysts will receive additional divisional-specific training on the fundamentals of tax-exempt municipal bonds and credit risk analysis. 

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Responsibilities

Summer Analysts in Public Finance will collaborate with Full-time employees to develop the skills they will need to have a successful summer, including:

  • Draft presentation materials, memos and responses to Requests for Proposals to generate new business.
  • Develop structuring, cash flow financial models, primarily for bond transactions.
  • Shadow full-time employees as they communicate complex ideas and solutions with potential and existing clients.

Qualifications/ Skills/ Requirements

• You are pursuing an undergraduate degree (junior) with a graduation date of December 2021 or Spring 2022.

• You have a minimum GPA of 3.0 GPA.

• You have a compelling interest in and knowledge of the financial markets, specifically in municipals and public finance.

• You have an advanced knowledge of MS Excel (preferred).

• Strong work ethic, collaborative, ability to multi-task.

• Adaptable, versatile, and analytical.

• Strong oral and written communication skills.