Equity Research

Full-time Associate

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Placement and duration

Full-time Associates are placed based on their previous experience, current business demand and candidate preference. Associates do not have a formal program length; rather, they are hired into the organization to specialize in a specific sector and grow their career within Equity Research.

Training program

The Full-time Associate Program begins with training and development curriculum to equip you with the fundamental and professional skills you need to be successful. It includes course work in financial statement analysis, corporate finance and financial modeling in Excel, and a customized series of seminars presented by senior members of the department. Training in high-level writing, stock pitching and marketing will also be part of your development. You will have the opportunity to participate in training and study sessions to prepare you for the Series 7, 63, 86 and 87 exams. Studying for the CFA is strongly encouraged and supported by the Firm.

Get to Know Our Recent Recruits
Equity Research is the best place to start a career in finance, in my view. You learn the hard skills of analyzing financial statements and building models, along with soft skills like developing a thesis and communicating it to the smart clients you interact with every day.
Elizabeth, Associate


  • Analyzing the landscape and companies within your team's designated industry.
  • Creating investment notes and reports to communicate investment opinions to a sophisticated client base.
  • Analyzing and determining relative stock valuations and collaborating with research colleagues and, ultimately, providing guidance to internal and external clients.
  • If your team is growing their coverage universe, you may be in charge of initiating reports and building completely new models.

Qualifications/ Skills/ Requirements

  • You must be pursuing an MBA with strong quantitative and analytical skills.
  • You have excellent written and oral communication skills.
  • You are comfortable dealing with clients and working on a team.
  • You have natural intellectual curiosity, focus and creativity.
  • You possess a keen research instinct and creative problem-solving abilities.
  • You have a strong interest in the financial markets and an entrepreneurial spirit.
  • You have excellent decision making abilities.


Morgan Stanley New York

Founded in New York City in 1935, Morgan Stanley has evolved into one of the world's foremost financial institutions, with more than 55,000 employees in 43 countries. Our New York headquarters offers the finest in financial thinking, products and execution to individual investors, companies, institutions and government agencies. We offer our clients the personalized attention and service of a boutique, the intelligence and creativity of the brightest professionals in the industry and the global resources of Morgan Stanley.

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Application Process & Deadlines

Students are required to apply online at www.morganstanley.com/campus. If Morgan Stanley recruits on your campus, you may also be required to apply through your school's on-campus system. The deadline for applications is November 1.

Learn more about Our Recruitment Process