Public Finance 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

About the program:

The Public Finance Summer Analyst Program is a 10-week program, including one week of classroom training. The program provides undergraduate students an opportunity to master the analytical, quantitative, and interpersonal skills necessary to develop an exciting and rewarding career on Wall Street. Summer Analysts assume the functions of Full Time Analysts, servicing the Firm’s investment banking clients in the public sector and not-for-profit sector across the United States. Over the course of the summer, Summer Analysts are given an opportunity to explore multiple product areas, including Infrastructure (States, Cities, and Local Governments), Higher Education and Not-for-Profit Institutions, Healthcare, Affordable Housing, Public Power and Utilities, and Syndicate.

Responsibilities:

• Draft presentation materials, memos, and responses to Requests for Proposals to generate new business.
• Develop structuring, and cash flow financial models, primarily for bond transactions.
• Shadow full-time employees as they communicate complex ideas and solutions with potential and existing clients.

Training & development 

Morgan Stanley's Summer Analysts begin with a one-day orientation to learn about the firm's functions and employee life. The Public Finance Analysts undergo Sales & Trading and Public Finance training, focusing on market trends, bond mathematics, tax-exempt bonds, and credit analysis. The program also offers extensive networking through speaker events, team building, learning lunches, community service, and social gatherings.

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

At Morgan Stanley, career progression is fostered through training, mentorship, and performance-based promotions. Employees can explore diverse roles and take advantage of internal mobility to advance their careers and grow within the organization's global network of financial services.

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

At Morgan Stanley, they believe that diversity makes them stronger. They come from all over the world. They are all high achievers who share integrity, intellectual curiosity, and the desire to work in a friendly, inspiring environment. 

About you

• You are pursuing an undergraduate degree with a graduation date of December 2025 or Spring 2026.
• You have a minimum GPA of 3.0
• You have a compelling interest in and knowledge of the financial markets, specifically in municipal and public finance.
• You have an advanced knowledge of MS Excel (preferred).
• Strong work ethic, collaboration, and ability to multi-task.
• Adaptable, versatile, and analytical.

How to apply

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

Sources

• morganstanley.com
• glassdoor.com
• comparably.com
• youtube.com