2026 Fixed Income Research Summer Analyst Programme (London)

Morgan Stanley; Camden Town; On-site; GBP 20,000 - 25,000; Full time

Job summary

A global financial services leader in the UK is offering a Fixed Income Research Summer Analyst internship. This 10-week program includes classroom training and rotational experiences across various research strategy desks. Interns will develop investment recommendations and learn market analysis techniques. Candidates should be penultimate or final year students and possess strong analytical skills. This role provides networking opportunities and hands-on experience in a dynamic environment.

Benefits

Comprehensive employee benefits

Networking events

Mentorship program

Qualifications

• You are a penultimate or final year (including Masters) student.
• You possess intellectual curiosity, focus, and creativity.
• You are open to learning programming languages.

Responsibilities

• Develop investment recommendations on Fixed Income Securities.
• Assist with the day-to-day production of our research content.
• Investigate solutions for clients' asset allocation challenges.

Skills

Analytical approach

Creative problem-solving

Collaborative work

Fluency in English

Intellectual curiosity

Education

Minimum 2.1 honours degree or equivalent

Tools

Eviews

Matlab

R

Stata

Job description

Overview

In the Research division, we offer timely, integrated analysis of companies, sectors, markets and economies, helping clients with their most critical decisions. The 10-week Fixed Income Research Summer Analyst Program provides an opportunity to experience the culture and atmosphere of Morgan Stanley, beginning with one week of classroom training, followed by a rotational program on various Fixed Income Research strategy desks. The rotation exposes interns to markets across foreign exchange, government bonds, corporate debt and emerging markets. Program features include a management speaker series, product area training, networking events, a charity event and a mentorship program. Throughout the summer, interns will receive regular evaluation and feedback to support their continued development. The program partners closely with Sales & Trading, offering an opportunity to develop a network with desks closely aligned to Fixed Income Research. By the end of the program, Summer Analysts will have an in-depth understanding of the role a full-time Analyst can play.

Training Program

The Program begins in June with a Firmwide induction and one week of intensive classroom training. This includes Research and 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. Throughout the program, interns will be assessed through individual and group project assignments. All Summer Analysts will be assigned a dean and a buddy for support.

Responsibilities

• Develop investment recommendations on Fixed Income Securities through the study of market fundamentals and technical research
• Help develop models to identify short term asset dislocations in real time
• Investigate solutions for clients longer-term asset allocation challenges (e.g. the optimal way to generate a 3% return over inflation)
• Assist with the day-to-day production of our research content
• Build a dialogue with our colleagues in Sales & Trading discussing market colour and the impact of incoming data on our published view

Qualifications

• You are a penultimate or final year (including Masters) student with outstanding academic achievements, and on track to achieve a minimum of 2.1 honours degree or equivalent in any degree discipline.
• You possess intellectual curiosity, focus and creativity, and have a keen research instinct with creative problem-solving abilities
• You show initiative and are also able to work collaboratively and effectively in a dynamic team environment
• You have an analytical approach to tasks, understand basic econometrics and are willing to learn use of statistical packages: e.g. Eviews, Matlab, R, Stata
• You are open to learning programming languages
• You are fluent in English and have excellent verbal and written communication skills
• You have an entrepreneurial spirit, and are driven to deliver results
• You are committed to maintaining high professional and ethical standards

It is essential to provide accurate details in the application forms, including an up-to-date CV and cover letter as we cannot guarantee you will be able to edit this after submitting your application. In the case that you are permitted to edit your application, it will cause significant delays to your candidacy.

About Morgan Stanley

Since 1935, Morgan Stanley is known as a global leader in financial services, continuously evolving and innovating to better serve our clients and our communities in more than 40 countries around the world. We have a track record of innovation and passion for unlocking new opportunities; we help our clients raise, manage and allocate capital. We do this by offering a wide range of investment banking, securities, wealth management and asset management services. All that we do at Morgan Stanley is driven by our five core values: do the right thing, put clients first, lead with exceptional ideas, commit to diversity and inclusion, and give back. These aren’t just beliefs; they guide the decisions we make every day, ensuring we do what’s best for our clients, communities and more than 80,000 employees around the world. Wherever you are in our 1,200 global offices, you’ll have the opportunity to work alongside the best and the brightest in an environment where you are empowered to achieve your full potential. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.