Quantitative Finance

Summer Analyst

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Placement and duration

The 10-week Quantitative Finance Summer Analyst Program takes place in the Budapest office. While other teams focus on practice areas such as Market Modelling, Core Analytics, and Model Standards and Enforcement, the primary roles in MSSM in Budapest are within Market Modelling. The Market Modelling team supports Morgan Stanley's securities trading business by developing and implementing complex mathematical models and tools to price, valuate and risk-manage various financial derivative products and predict the future evolution of different markets. Assigned to a specific team in Market Modelling, you will work closely with accomplished professionals on a series of substantive projects. Throughout the Program, you will benefit from individual coaching and regular feedback, enabling you to maximise your opportunities and understand what a long-term career with the Firm entails.

Training program

The Program features market-knowledge training, management presentations, workshops, networking events and regular review meetings. After the initial induction period, you will begin on the desk and will work on various projects including one long-term assignment.

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Responsibilities

During the internship, you will assume the role of a Full-time MSSM Market Modeller. Market modelers enhance Morgan Stanley's ability to take and manage risk, and generate profits through the development and utilisation of mathematical finance to create effective valuation and hedging models. This leads to the development and analysis of investment and trading strategies of interest to our traders and clients.

 

*Salary is competitive with excellent benefits.

Qualifications/ Skills/ Requirements

  • You are pursuing a Bachelor's or M.Sc. or equivalent in Mathematical Finance, Applied Mathematics, Physics, Statistics, Engineering, Computer Science and/or Informatics.
  • You have strong analytical skills, together with a mastery of probability theory, stochastic calculus, statistics, partial differential equations and numerical analysis.
  • You have excellent computer programming skills, including Java and C++. Knowledge of Matlab is an advantage.
  • You have a keen interest in the financial markets and have the drive and desire to work in an intense, team-oriented environment.
  • You are able to communicate effectively in both written and verbal English as well as Hungarian.

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Morgan Stanley Budapest

Morgan Stanley opened its first office in Budapest in 2005. Today our Hungary office has an innovative culture and a community of professionals that add to our worldwide expertise. The office is located on the Danube in the state of the art Millennium City Centre. We provide essential support across a variety of services including Finance, Technology, Quant Solutions, Risk Management, Bank Resource Management and Internal Audit with over 1300 employees.

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Application Process & Deadlines

Candidates will participate in a selection process focused on assessing their technical, analytical and problem-solving skills. Final-round interviews take place at an assessment centre in the Budapest office and will comprise various technical, interpersonal and senior manager interviews. Students must apply online at www.morganstanley.com/campus. Application deadline is 30 May 2017.

Please note we may also have some additional off-cycle positions available throughout the year, depending on business needs.

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