Morgan Stanley
Equity Research

Full-time Junior Associate

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Placement and duration

As a Junior Associate, you will work within a sector team within Equity Research and will be matched to a team based on department need, your skill set and sector preferences. Throughout the program, you will work on a team collaborating with a lead Analyst.

Training program

The Junior Associate Program begins with a five-week training and development curriculum to equip you with the fundamental and professional skills you need to be successful. The curriculum includes course work in financial statement analysis, corporate finance and financial modeling in Excel, and a customized series of seminars presented by more experienced members of the department. 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. Along with formal training, you will be assigned a mentor when you arrive at the Firm.

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Everyone here feels a responsibility to mentor.
Neel Associate, Equity Research


  • Analyze a specific industry, the companies within a sector, and prepare materials for a specific audience.
  • Analyze industry data to develop an industry-specific vision.
  • Update and create financial models on the companies and industry you follow.
  • Analyze emerging trends in an industry or macro-economy; assess relative stock valuations and review findings with your team, and ultimately with internal and external clients.
  • Build relationships with global colleagues, salespeople, traders and over time, external investing clients.

Qualifications/ Skills/ Requirements

  • You have strong quantitative and analytical skills.
  • You have excellent written and oral communication skills.
  • You are comfortable dealing with clients and work well on a team.
  • You possess natural intellectual curiosity, focus and creativity.
  • You have 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 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