Placement and duration

The Fixed Income Summer Analyst Program is a 10-week program consisting of one week of classroom training, followed by multiple rotations across Fixed Income. Rotations include Global Credit & Municipals, Securitized Products, Foreign Exchange/Emerging Markets, Interest Rates, Commodities, and Wealth Management Sales & Content. Summer Analysts receive on-the-job training, benefit from working alongside experienced professionals on meaningful projects, and build their skillsets in a dynamic and evolving environment. In addition, the program features a Senior Management Speaker Series, desk teach-ins, networking events, community service, performance reviews, and a robust mentorship program.

Training program

Summer Analysts begin with a one-day orientation where they are introduced to the Firm’s businesses and learn what it’s like to be an employee at Morgan Stanley. Fixed Income Summer Analysts then attend Sales & Trading division-specific training where they learn core skills essential for success. The curriculum includes daily market updates, business-specific overviews, and basic product and technical training.

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Responsibilities

  • Sales: Understand how a client base is developed and maintained; create investment ideas; learn how we sell and cross-sell the Firm’s products; represent the Firm when interfacing with clients on important business issues.
  • Trading: Assist in generating trade ideas and analysis; support all aspects of the market-making and trade execution process, from providing research analytics on trades to relative value analysis.
  • Strategy: Help develop investment recommendations on Fixed Income Securities through the study and analysis of market fundamentals and technical research. Understand how we use the existing firm model database to develop new models.
  • Structuring: Learn how to build valuation models to help issuers and investors optimize a transaction’s economics, and quantify sources of value and risk.

Qualifications/ Skills/ Requirements

  • You are pursuing an undergraduate degree (junior) or a Master’s degree with a graduation date of December 2019 or Spring 2020.
  • Minimum 3.0 GPA.
  • Basic knowledge of and a keen interest in finance and markets.
  • Strong work ethic, collaborative, ability to multi-task.
  • Adaptable, versatile, and analytical.
  • Strong oral and written communication skills.