Solutions & Multi Asset - Private Equity Fund of Funds

Summer Analyst

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Placement and duration

Morgan Stanley Investment Management is a client-centric organization dedicated to providing investment and risk-management solutions to a wide range of investors and institutions. With $471 billion in assets under management as of September 2018, our clients include corporations, pension plans, intermediaries, sovereign wealth funds, central banks, endowments and foundations, governments and consultant partners worldwide. With over four decades of asset management experience, our investment strategies span the risk/return spectrum across geographies, investment styles and asset classes, including equity, fixed income, alternatives and private markets. Morgan Stanley Investment Management offers its clients personalized attention, the intelligence and creativity of some of the brightest professionals in the industry, and access to the global resources of Morgan Stanley.

With 645 investment professionals worldwide, and 37 offices in 21 countries, Morgan Stanley Investment Management is able to provide in-depth local knowledge and expertise while channeling the strength of our global presence and resources. To support the delivery of tailored, value-added investment solutions to clients our investment teams are organized by capability: Solutions & Multi-Asset, Real Assets, Active Fundamental Equity, Private Credit & Equity, Global Fixed Income, and Global Liquidity.

The Investment Management Summer Analyst Program is a 10-week program consisting of one week of training with all Investment Management Summer Analysts and nine weeks working within a specific group. During the 10-week program, Summer Analysts experience the culture and atmosphere of Morgan Stanley by performing a role similar to a Full-Time Analyst.

Training program

The training program consists of a curriculum designed to equip Summer Analysts with the fundamental skills needed in order to be successful in IM. The program is one week long and includes a Firm-wide orientation, business overviews, professional development, technical training and networking events. A speaker series is also a part of training, and runs throughout the 10 week program.

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Responsibilities

Morgan Stanley Alternative Investment Partners (AIP) is a leading alternative asset manager with an extensive and strong track record, a global investment scope, and assets under management of $30+ billion. AIP is seeking a Summer Analyst for its private equity investment team located in suburban Philadelphia.

AIP’s private equity investment team is comprised of over 30 investment professionals based in suburban New York, Philadelphia, London, and Hong Kong.  The team annually commits approximately $1 billion to 20 – 30 different private equity funds, acquires approximately 8 – 10 private equity portfolios, and invests in 10-15 passive co-investment opportunities across a broad range of geographies, industries, and strategies.  The team conducts extensive quantitative and qualitative analyses in partnership with premier private equity managers around the world to identify, evaluate, execute, and monitor investments of three types:

  • Primary investments directly into new private equity funds (including buyout, VC, mezzanine, distressed debt, and special situations funds located in the U.S. and abroad) – ~60% of capital
  • Co-investments directly into companies alongside private equity managers in whose funds AIP has invested – ~20% of capital
  • Secondary acquisitions of positions in existing private equity funds – ~20% of capital

Role Description:  The Private Equity Fund of Funds team is looking for Summer Analysts on its primary/co-investment team to:

  • Work on live deals with the investment team, which typically consists of 4 to 5 person deal teams
  • Handle investment analysis, research, investment process management, transaction structuring, and deal execution
  • Perform financial analyses in support of the investment process (comparable company valuation analyses, LBO model construction, and projected return sensitivity analyses)
  • Conduct research on a wide range of geographies, industries, companies, and macroeconomic trends 

Qualifications/ Skills/ Requirements

  • Current Junior (class of 2021) in a 4 year bachelor’s degree program with superior academic performance
  • Strong quantitative and qualitative analytical skills
  • Strong verbal and written communication skills
  • Quantitative modeling experience
  • An understanding of financial concepts, valuation, and accounting
  • A high level of attention-to-detail
  • An ability to meet challenging deadlines while maintaining quality and accuracy
  • A high level of interest in global macroeconomic investment trends

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Morgan Stanley West Conshohocken

Our Morgan Stanley office in West Conshohocken strives to earn the trust and help achieve the goals of many individuals, families and institutions in Pennsylvania. With a full suite of services, our West Conshohocken office leverages the global resources of Morgan Stanley to best accomplish our client’s goals. We also give back to our communities. We’re not just here to create wealth—we’re here to create positive change in the world.

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Application Process & Deadlines

Students must apply online at www.morganstanley.com/careers.

After submitting your application, you may be asked to complete a video-recorded questionnaire through HireVue. You will receive an email with additional information on how to complete the video shortly following submission of your application.

Learn more about Our Recruitment Process