Investment Management Summer Analyst Program - Fixed Income High Yield (Jun 2025)

About Morgan Stanley

Morgan Stanley excels in advising, originating, trading, managing, and distributing capital for individuals, governments, and institutions, guided by their core values and a standard of excellence. They play a vital role in helping clients raise, manage, and deploy capital effectively to achieve their objectives. They also provide expert assistance in building, preserving, and managing wealth for individuals, businesses, and institutions.

Your role

About Morgan Stanley Investment Management (MSIM):

Morgan Stanley Investment Management, boasting over 3,200 global investment professionals and managing $1.4 trillion assets as of September 30, 2023, is dedicated to delivering robust long-term investment performance and a wide range of solutions to a diverse clientele including governments, institutions, corporations, and individuals worldwide.

The High Yield department manages $21 billion. Members of the High Yield research team contribute to idea generation by conducting thorough fundamental research and relative value analysis.

Primary Responsibilities:

• Support portfolio managers, high-yield analysts, and research associates in their daily work. At a high level, this includes:
  • Analysis of industry fundamentals and outlooks, and
  • Conducting in-depth fundamental research on individual company business models, operating strategies, and outlooks.
• Participate in daily investment team meetings and company reviews in response to primary issuance or a secondary market opportunity.
• Build and maintain proprietary financial models from data contained in company filings (e.g., 10-Ks, 10-Qs) and other data sources (e.g., Bloomberg, S&P CapitalIQ, industry-specific information providers).
• Create spreadsheets and macros that compile information from multiple spreadsheets and databases into unified reports.
• Work on special projects within the High Yield Department (e.g., optimizing and screening investment opportunities; assessing portfolio risk exposure; compiling regulatory information).
• Perform additional assignments as requested.

Training & development

• The Investment Management Summer Analyst Program is a 10-week program consisting of one week of training and nine weeks of working within a specific IM team.
• Across all IM teams, the curriculum is designed to equip Summer Analysts with the fundamental skills they need to be successful in IM.
• 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.

Salary & benefits

The expected base pay rate for the role will be $52.89 per hour.

Benefits offered may include:

• Gain hands-on industry experience.
• Learning & development programs.
• Paid time off plans (Plans vary by position).
• Flexible work schedules.
• Diverse culture.
• Free Lunch or Snacks.

Career progression

Successful candidates have demonstrated interest in financial markets, economics, and/or international affairs. Interns in the High Yield group will provide the department with research assistance by working with portfolio managers, analysts, and operations associates.

Work-life balance

At Morgan Stanley, a strong emphasis on work-life balance fosters an environment where employees can thrive both personally and professionally, ensuring a fulfilling and rewarding experience throughout their careers.

Culture & vibe

Morgan Stanley is known for its fast-paced and competitive work culture, emphasizing innovation and client-centricity. The firm values collaboration, diversity, and professional growth, while expecting dedication and adaptability from its employees.

About you

What you’ll bring to this role:

Qualifications:

• Pursuing a Bachelor's degree with an expected graduation date between December 2025 and June 2026
• Strong academic record and extracurricular achievements
• Outstanding oral and written communication skills
• Strong Excel skills
• Experience modeling corporate financial statements (income statements, balance sheets, and cash flow statements), preferably from a credit perspective
• The ability to function reliably and independently with a high degree of accuracy and attention to detail
• Understanding of the corporate bond and equity markets

How to apply

To apply for this role, click the "Apply on employer site" button below, which navigates to the career page where the application can be submitted directly.

Sources

The following sources were used in researching this page:

• morganstanley.tal.net
• morganstanley.com/people-opportunities/perks-benefits-working-at-morgan-stanley
• glassdoor.co.in/Benefits/Morgan-Stanley-United-States-Benefits
• morganstanley.com/people-opportunities/students-graduates/culture