Fixed Income Summer Analyst Program (Jun 2025)

About Morgan Stanley

Morgan Stanley is an American multinational financial services company headquartered in New York City. It operates in 41 countries, with over 75,000 employees, and ranked 61st in the 2021 Fortune 500 list of largest US corporations by revenue.

Your role

Program overview:

Summer Analysts begin with a one-day orientation where they are introduced to the Firm’s businesses and learn what it’s like to be an employee at Morgan Stanley. Fixed-income summer Analysts then attend Sales & Trading division-specific training where they learn core skills essential for success. The curriculum includes daily market updates, business-specific overviews, and basic product and technical training.

Role & responsibilities

• Sales:
  • Understand how a client base is developed and maintained
  • Create investment ideas
  • Learn how they sell and cross-sell the Firm’s products
  • Represent the Firm when interfacing with clients on important business issues.
• Trading:
  • Assist in generating trade ideas and analysis
  • Support all aspects of the market-making and trade execution process, from providing research analytics on trades to relative value analysis.
• Strategy:
  • Help develop investment recommendations on fixed-income securities through the study and analysis of market fundamentals and technical research.
  • Understand how they use the existing firm model database to develop new models.
• Structuring:
  • Learn how to build valuation models to help issuers and investors optimize a transaction’s economics, and quantify sources of value and risk.

Training, development & rotations

The Fixed Income Summer Analyst Program is a 10-week program consisting of one week of classroom training, followed by multiple rotations across Fixed Income. Rotations may include Global Credit & Municipals, Securitized Products, Foreign Exchange/Emerging Markets, Interest Rates, and Commodities. Participants gain hands-on experience, mentorship, and professional growth through a blend of on-the-job training, networking events, and a robust series of educational and community activities.

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

Interns at Morgan Stanley with outstanding performance during their internship can look forward to potential career paths within the firm, supported by a strong focus on training, mentorship, and merit-based progression. These opportunities include exploring various roles and leveraging internal mobility, allowing for personal and professional development within the company's vast global network in financial services.

Work-life balance

At Morgan Stanley, interns can expect a work culture that strongly prioritizes work-life balance, creating an environment conducive to both personal and professional growth. This approach ensures that their internship experience is both fulfilling and rewarding, setting a solid foundation for their future career paths.

Culture & vibe

At Morgan Stanley, interns are immersed in a company culture that values diversity as a strength, drawing participants from around the globe. The environment is shaped by high achievers who share a commitment to integrity, intellectual curiosity, and the aspiration to work in a collaborative and inspiring setting.

About you

• You are pursuing an undergraduate Bachelors degree (junior) or a Masters with a graduation date of December 2025 or Spring 2026.
• Minimum 3.0 GPA.
• While no prior knowledge of finance or sales & trading is required, you must have a keen interest in finance and markets.
• You are analytical, and adaptive, possess a strong work ethic, are a leader yet a team player, as well as a multi-tasker.
• You possess strong oral and written communication skills.

How to apply

To apply for this position, click on the "Apply on employer site" button below, which navigates you to the careers 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.