Investment Management – High Yield Research Associate - Analyst

Morgan Stanley; London; On-site; GBP 50,000 - 75,000; Full time

Job summary

Morgan Stanley is seeking a High Yield Research Associate to join their investment management team in London. This role involves assisting senior analysts in evaluating investment opportunities and conducting comprehensive research on company fundamentals. Ideal candidates will possess a strong analytical background, relevant investment experience, and effective communication skills, contributing to a culture of excellence and collaboration. Morgan Stanley offers a competitive salary and opportunities for growth in a diverse, inclusive environment.

Benefits

Comprehensive employee benefits

Flexible working arrangements

Qualifications

• Relevant investment-related experience is required.
• Bachelor's degree with an excellent academic background.
• Demonstrated interest in financial markets and economics.

Responsibilities

• Assist senior analysts with investment opportunity evaluations.
• Conduct in-depth fundamental research on companies.
• Prepare detailed initiation of coverage research reports.

Skills

Analytical skills

Decision-making

Attention to detail

Communication skills

Teamwork

Education

Bachelor's degree

Job description

Investment Management – High Yield Research Associate - Analyst

London

Morgan Stanley

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services.

As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence, and strong team ethic. We can provide a superior foundation for building a professional career – a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.

Morgan Stanley Investment Management

Morgan Stanley Investment Management (MSIM) is one of the largest global asset management organizations of any full-service securities firm, with more than 40 years of history, a presence in 24 countries, and a total of $1.7 trillion in assets under management as of December 31, 2024. MSIM strives to provide outstanding long-term investment performance, service and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations and individuals worldwide.

Team Profile

The Fixed Income department within MSIM has team members located in New York, Boston, London, Tokyo and Singapore, managing $207B (as of 31st March 2025) of active fixed income mandates for a broad range of clients.

With staff in Boston, New York and London, the High Yield Team is one of eight specialist teams within the fixed income department. There are 7 Portfolio Managers, 22 Research Analysts and 4 Traders all dedicated to high-yield markets. The team is globally integrated and manages US, Global and European strategies for institutional, intermediary, and individual clients worldwide. Team assets were $26.4B as of March 31, 2025.

There is an opportunity for an ambitious individual to join one of the best resourced and most successful High Yield teams in the world.

Role Profile

The High Yield Team analyzes companies and industries and turns the resulting fundamental views into investment ideas. The research function is organized by industry specialization with each Senior Analyst covering two to four industries. Research Associates support Senior Analysts in the coverage of their respective industries. Conducting in-depth company, industry and relative value analysis with Senior Analysts results in excellent investment experience.

What You’ll Do In The Role

• Assist Senior High Yield Analysts and Portfolio Managers in their evaluation of potential investment opportunities. At a high level, this includes: (i) analysis of industry fundamentals and outlooks, and (ii) conducting in-depth fundamental research on individual company business models, operating strategies and outlooks.This work typically results in a conclusion regarding the creditworthiness of the company being evaluated and the relative attractiveness of their debt instruments.
• Build and maintain proprietary financial models from data obtained from company filings (e.g., 10-Ks, 10-Qs) and other data sources (e.g., Bloomberg, S&P Capital IQ, industry-specific information providers).In addition to company-specific financial models, credit analysis often includes additional elements, such as: sensitivity analyses, peer comparisons and industry-specific analyses.
• Prepare detailed initiation of coverage research reports and periodic updates.
• Take part in due diligence meetings with management teams.
• Participate in daily investment team meetings, company reviews (often occurring as a result primary issuance or a secondary market opportunity) and industry reviews.
• Work on special projects and assignments for the High Yield Team.
• Responsibility increases are based on merit and investment performance.
  
  

What You’ll Bring To The Role

• You have relevant investment-related experience.
• You have a bachelor’s degree with an excellent academic background.
• You have demonstrated interest in financial markets, economics and/or international affairs.
• You have strong analytical and decision-making skills.
• You are reliable and independent with a strong attention to detail.
• You have a strong work ethic.
• You are comfortable working in a team environment with the ability to manage a wide range of responsibilities.
• You have outstanding oral and written communication skills.
• You articulate complex ideas simply and summarize them effectively.
• You are committed to excellence in your work and maintain high professional and ethical standards.
  
  

What You Can Expect From Morgan Stanley

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. 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. There’s also ample opportunity to move about the business for those who show passion and grit in their work.

To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.

Certified Persons Regulatory Requirements

If t his role is deemed a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.

Flexible work statement

Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.