2027 Investment Management Summer Analyst Programme - Fixed Income (London)

Morgan Stanley; Greater London; On-site; GBP 20,000 - 33,000; Full time

Benefits offered by this job

Office-based internship in London

Job summary

Morgan Stanley invites undergraduates or masters students to join its Summer Analyst Programme in London for 10 weeks. You will support portfolio managers, analysts and operations staff, performing in-depth research on company models, industry outlooks, and deal activity.

You’ll build financial models from filings and data sources, contribute to meetings, and gain exposure to asset management and the High Yield team within Fixed Income. Strong English, teamwork and initiative are essential.

Qualifications

• Pursuing an undergraduate or masters degree with 2:1 classification.
• Interest in financial markets and economics.
• Excellent communication in English and teamwork.
• Self-starter, motivated and able to work independently.

Responsibilities

• Support portfolio managers, high yield analysts and research associates in daily work.
• Participate in daily investment team meetings and reviews.
• Build and maintain proprietary financial models from company filings and data sources (Bloomberg, S&P Capital IQ).
• Create spreadsheets and macros to compile information into unified reports.
• Work on special projects within the High Yield Department.
• Perform additional assignments as requested.

Skills

Interest in financial markets

Excellent communication

Team player

Self-starter

Self-motivated

Organizational skills

Attention to detail

Time management

Fluent English

Education

Pursuing undergraduate or master's degree

Expected graduation Dec 2027–Jul 2028

Tools

Bloomberg

S&P Capital IQ

Microsoft Excel

Job description

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. Morgan Stanley Investment Management (MSIM), together with its investment advisory affiliates, has about 2 trillion in assets under management or supervision as of June 30, 2026. With 1,366 investment professionals worldwide, and 59 offices in 26 countries, MSIM is able to provide in-depth local knowledge and expertise while channelling the strength of our global presence and resources. Morgan Stanley Investment Management strives to provide outstanding 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. The High Yield team within Fixed Income is intended for talented individuals pursuing an undergraduate or masters degree in a related field. 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.

Placement and duration

The Morgan Stanley Summer Analyst Programme in London runs for 10-weeks and offers you the opportunity to join a world class equity boutique including firm training and networking as well as on the desk training. Training Program London-based training begins in June with one week of intensive classroom training, including an introduction to Morgan Stanley, followed by team specific training. Throughout the internship, you will be exposed to business speakers and practical sessions as you continue to become familiar with the asset management industry.

Roles and Responsibilities

• Support portfolio managers, high yield analysts and research associates in their daily work, including 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 called in response to primary issuance or a secondary market opportunity
• Build and maintain proprietary financial models from data contained in company filings (e.g., Quarterly/Annual filings) and other data sources (e.g., Bloomberg, S&P Capital IQ, 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

Qualifications/Skills/Requirements:

• You are pursuing an undergraduate or masters degree, minimum 2.1 with an expected graduation date between December 2027 and July 2028
• You demonstrate a keen interest in the financial markets
• You have excellent communication skills and fluency in English
• You are a strong team player; ability to collaborate with colleagues across MSIM and the broader organization
• You are a self-starter with the ability to work independently
• You are driven, highly motivated and result-focused
• You have strong organizational skills with the ability to manage time efficiently and effectively
• You are detail oriented and have the ability to multi-task and work efficiently within tight time constraints

What you can expect from Morgan Stanley

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 arent 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. And at the core of our success are the people who drive it - relentless collaborators and creative thinkers who are fuelled by diverse thinking and experiences. Wherever you are in our 1,200 global offices, youll 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 into your browser.