Institutional Equity

Summer Analyst

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Morgan Stanley’s Institutional Equity Division (IED) is a world leader in the origination, distribution and trading of equity, equity-linked and equity-derivative securities. The Division services a global institutional client base, providing clients with innovative product solutions that help to generate alpha within their portfolios.

Overview and Placement

The Institutional Equity Division’s Summer Analyst Program is a 10-week program that begins with one week of classroom training, followed by a minimum of four rotations across the division. Summer Analysts will pursue one of two Program Tracks: Institutional Equity or Institutional Equity – Derivatives Trading and Structuring. While we encourage candidates to apply to the one track that best suits their interests and skillset, applications can be submitted for both tracks. Please note that this will count towards the three program application maximum.

All Summer Analysts will receive on-the-job training and be exposed to a wide variety of roles, products and services throughout IED, working alongside experienced professionals in a fast-paced, client-facing, and market-driven environment. Summer Analysts will have the opportunity to broaden and strengthen their respective skillsets, collaborating with individuals across IED on meaningful projects and initiatives.

In addition, the Program features a Senior Management Speaker Series, desk teach-ins, cross-divisional networking events, community service events, performance reviews, and a robust mentorship program.

Training program

The program begins with a one-day orientation where Summer Analysts are introduced to the Firm and primary businesses within, as well as to one another at our opening Firmwide networking event. For the remainder of training, Summer Analysts will attend divisional-specific events designed to help develop the core skills required for a successful summer.

Track 1: Institutional Equity

Cash Equities : Morgan Stanley is a global leader in executing transactions in cash equity and equity-related products for institutional clients around the world. These products include common stocks, global depository receipts and exchange-traded funds.

Sales teams work closely with Chief Investment Officers, Portfolio Managers, and Traders to deliver meaningful market insight and expertise, facilitating introductions to product experts throughout the Division and Firm to help clients successfully achieve their investment objectives.

Equity Derivatives:  Across global equity derivatives markets, Morgan Stanley is a leading provider of execution services and solutions. Our product suite encompasses equity options, equity swaps, warrants, structured notes and futures on individual securities, indices and baskets of securities.

Sales and Trading teams are responsible for helping Institutional clients identify and implement cost-efficient, suitable trading solutions, providing pricing and liquidity, and managing firm risk.

Prime Brokerage: For more than 30 years, Morgan Stanley has set the standard for excellence in the Prime Brokerage space. Our strong client relationships, market-leading technology and seasoned product experts have positioned us as an industry leader in financing, market access and portfolio management.

Our Capital Introductions, Business Consulting and Risk teams each play a critical role in the day-to-day management of hedge fund operations, positioning our clients to raise new capital and effectively run their businesses.

Qualifications/ Skills/ Requirements :

  • Pursuing an undergraduate or Master’s degree with a graduation date of December 2020 or Spring 2021
  • Strong interpersonal, verbal and written communication skills
  • Candidate is collaborative, a quick learner, adaptable, versatile, a multi-tasker, enjoys solving problems, and possesses a strong work ethic
  • While no prior knowledge of finance or trading is required, candidate must have a keen interest in finance and markets

Track 2: Institutional Equity – Derivatives Trading and Structuring

Certain roles within the Institutional Equity Division require a more technical skillset. Derivatives Trading and Structuring is responsible for the generation and facilitation of liquidity, as well as innovative product and trading solutions across a variety of Derivative products, including Equity Options (both exchange- listed and over-the-counter), Securitized Derivatives, and Convertible Bonds.

Products and services are delivered across a full range of distribution channels, including our corporate, retail, and institutional clients.

Qualifications / Skills / Requirements:

  • Pursuing an undergraduate or Master’s degree with a technical proficiency in areas such as Mathematics, Statistics, Physics, Computer Science, and Engineering, with a graduation date of December 2020 or Spring 2021
  • Comfortable applying statistical analysis and deriving value from data
  • Enjoy solving complex problems that require deep analytical reasoning and quantitative analysis
  • Familiar with coding languages such as Python, Q, R, SQL, or VBA
  • Strong verbal and written communication skills
  • Candidate is collaborative, a quick learner, adaptable, versatile, a multi-tasker and possesses a strong work ethic
  • While no prior knowledge of finance or trading is required, candidate must have a keen interest in finance and markets

Application Process & Deadlines

Students must 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.

Learn more about Our Recruitment Process