2025 Fixed Income Sophomore Summer Analyst Program (New York)

Morgan Stanley; New York (NY); On-site; USD 80,000 - 100,000; Full time

Job summary

An established industry player is seeking motivated individuals for their Fixed Income Sophomore Summer Analyst Program. This 10-week program offers a blend of classroom training and hands-on experience across various rotations in Fixed Income, including Global Credit, Securitized Products, and more. Participants will gain insights into sales and trading, develop investment strategies, and learn to build valuation models. The program emphasizes mentorship and networking opportunities, making it an ideal launchpad for aspiring finance professionals eager to make their mark in a dynamic environment.

Qualifications

• Pursuing an undergraduate degree with a graduation date of December 2026 or Spring 2027.
• Minimum 3.0 GPA required for applicants.

Responsibilities

• Understand client base development and create investment ideas.
• Assist in generating trade ideas and support trade execution.
• Help develop investment recommendations on Fixed Income Securities.

Skills

Analytical Skills

Communication Skills

Teamwork

Adaptability

Work Ethic

Education

Undergraduate Degree (Sophomore)

Job description

The Fixed Income Sophomore 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. Summer Analysts receive on-the-job training, benefit from working alongside experienced professionals on meaningful projects, and build their skillsets in a dynamic and evolving environment. In addition, the program features a Senior Management Speaker Series, networking events, community service, performance reviews, and a robust mentorship program.

Training Program

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.

Responsibilities

• Sales: Understand how a client base is developed and maintained; create investment ideas; learn how we 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 we 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.

Qualifications/Skills/Requirements

• This program is open to applicants of any race, gender or other protected characteristic.
• You are pursuing an undergraduate degree (sophomore) with a graduation date of December 2026 or Spring 2027.
• Minimum 3.0 GPA.
• While prior knowledge of finance and sales & trading is not required, you must have a keen interest in finance and markets.
• You are analytical, adaptive, possess a strong work ethic, a leader, team player, as well as a multi-tasker.
• You possess strong oral and written communication skills.

Expected base pay rate for the role will be $36.06 per hour at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.

It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).