2025 Investment Management Sophomore Summer Analyst Program - Private Credit & Equity - Secondaries (New York)
Morgan Stanley Investment Management (“MSIM”), together with its investment advisory affiliates, has more than 3,200 investment professionals around the world and $1.4 trillion in assets under management or supervision as of September 30, 2023. Morgan Stanley Investment Management strives to provide strong long-term investment performance, outstanding service, and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations, and individuals worldwide.
Morgan Stanley Private Equity Secondaries, an investment team within Morgan Stanley Investment Management, seeks to deliver innovative private market solutions to a global client base. As part of a broader team of 50 dedicated private markets focused professionals, the secondaries business draws on decades of investment experience across private markets. With a focus on GP-Led secondaries transactions in developed buyout and growth markets, the Team structures compelling opportunities within less efficient markets and has deployed nearly $6.4 billion to over 249 secondary transactions as of September 30, 2023.
The Team’s investment strategy focuses on GP-led private equity secondary transactions, primarily in situations that entail a restructuring or recapitalization of a single asset managed by a high quality lower middle market private equity sponsor. The Team’s approach to each investment is bespoke, tailored to provide an optimal solution to each of the stakeholders in a transaction, which requires transaction expertise, thorough due diligence, and careful crafting to achieve the desired objectives for all parties involved. In addition to providing liquidity to existing limited partners, the key driving factors for these transactions typically include a variety of goals such as restoring alignment between the manager and investors, providing the manager with more time to create value, and financing tactical growth capital. In each situation, the Team approaches the transaction with the aim of providing a capital-based solution to the structural issue being addressed, with a core focus on ensuring strong alignment with a high caliber private equity sponsor and the Fund’s investors. Please refer to www.morganstanley.com/ideas for additional insights on the private equity secondaries market.
Summer Analysts will have the opportunity to work on investment teams and analyze companies in a wide range of industries managed by a diverse field of Sponsors globally. Summer Analysts will be involved in various aspects of investment process including:
- Construct, analyze, and modify detailed financial and LBO models and returns analyses
- Conduct market and company analysis on both quantitative and qualitative basis
- Participate in investment diligence meetings
- Prepare and present investment memos to the Investment Committee
- Support investment sourcing, client service requests, portfolio monitoring, and other organizational processes
Candidates with the following characteristics are highly preferred:
- Pursuing a Bachelor's degree and will graduate between December 2026 and June 2027
- An understanding of financial concepts, valuation, and accounting
- Strong quantitative and qualitative analytical skills
- Strong verbal and written communication skills
- High level of attention-to-detail and strong work ethic
Application Process and Deadline
In order to be considered, candidates must apply with their resume through the Morgan Stanley website and complete their HireVue digital questionnaire. Resumes will be reviewed on a rolling basis until the role is filled or the application deadline, whichever comes first. Applications must be submitted by Friday, March 29, 2024 at 11:55 PM EST and HireVues completed by Sunday, March 31, 2024 at 11:55 PM EST in order to be considered.
Expected base pay rate for the role will be $36.06 per hour at the commencement of employment. However, base pay is only part of the total compensation package, which, depending on the position, may also include discretionary bonuses and other Morgan Stanley sponsored benefit