2025 Institutional Equity Summer Analyst Program (New York)
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 & 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 three rotations across the division.
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.
Please apply to this program if you are interested in our Sales, Prime Brokerage or Sales-Trading roles with Equities. Please note, you should apply for the 2025 Institutional Equity Derivatives Trading & Structuring Summer Analyst Program (New York) if you are interested in our more quantitative, trading or structuring/content roles within Equities.
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.
Roles & Responsibilities
•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 Trading: 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 degree with a graduation date of December 2025 or Spring 2026
•Minimum 3.0 GPA
•You are collaborative, a quick learner, adaptable, versatile, a multi-tasker, enjoy solving problems, and possess a strong work ethic
•While no prior knowledge of finance or trading is required, must have a keen interest in finance and markets
Application Process and Deadlines
In order to be considered, candidates must apply by August 16, 2024 at 11:55 PM EST. You must also complete a Hirevue video within 48 hours of completing the rest of your application and by the August 16th deadline.
Expected base pay rate(s) for the role will be $110,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.
Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.
It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).