Equity Research Associate - Consumer

Aplaro Ltd; New York (NY); On-site; USD 90,000 - 140,000; Full time

Job summary

Morgan Stanley is seeking an experienced Associate to join the Consumer Equity Research team in New York. The role focuses on building and updating financial models, developing industry studies, and delivering clear investment calls while engaging directly with institutional clients.

The successful candidate will show strong Excel skills, a genuine interest in public markets, and the ability to apply AI-enabled research tools while maintaining rigorous data integrity and high-quality analysis.

Qualifications

• At least 2 years of professional experience in equity research or investment banking.
• Proven experience using Excel to build and maintain three-statement financial models; advanced Excel proficiency is required.
• Strong written and verbal communication skills for clear investment debates and client-facing discussions.
• Demonstrated interest in public markets and curiosity about what drives stock performance, investor debates, and valuation.
• Comfort adopting AI-enabled tools with judgment to verify outputs and protect data integrity.
• Demonstrated attention to detail and commitment to accuracy.
• Ability to adapt quickly and work well under pressure.
• High EQ, personal drive, energy, creativity, curiosity, organization, and teamwork.
• Experience with Python is a plus but not required.
• CFA designation or progress toward CFA preferred.

Responsibilities

• Create and maintain financial and industry models, leveraging skills in accounting, finance, and economics.
• Translate company, industry, consumer, and market data into insightful research reports with clear investment debates and actionable stock calls.
• Develop and maintain relationships with management of covered companies and industry specialists.
• Engage with institutional investors by responding to in-depth questions and bespoke requests.
• Support internal sales and trading teams with timely analysis of sector breaking news.
• Adopt AI-enabled research tools to accelerate information gathering while maintaining rigor and source verification.
• Conduct industry diligence and primary research through surveys, calls, and channel checks.
• Collaborate with cross-functional teams to produce larger industry reports.

Skills

Financial modeling

Excel proficiency

Written and verbal communication

Public markets interest

AI-enabled tools awareness

Attention to detail

Ability to work under pressure

Team orientation

Python (plus)

Tools

Excel

Python

Job description

Research Morgan Stanley Investment Research is uniquely committed to being an essential part of our clients' investment process. We strive to be the sell-side research provider that best understands the buy side. Through relevant and timely conversations with leading investors, we focus resources on risk-reward essentials: identifying the investor debates, assessing the potential outcomes, and uncovering the evidence our clients need to validate their investment decisions. Our equity analysts cover some 3,000 stocks; our economists, strategists and fixed income analysts cover all major regions and other asset classes around the globe. A career in investment research at Morgan Stanley demands a commitment to excellence and a passion for the markets as well as the highest level of integrity. We are seeking an experienced Associate-level member to join our Consumer team.

Equity Research

The Equity Research department is responsible for researching macroeconomic and microeconomic conditions, along with company fundamentals. It also collects and analyses financial information to make investment recommendations on stocks in specific sectors. Research analysts build financial models to explore alternative scenarios, examine industries and communicate with companies and investors. Equity Research team members discuss their analysis and investment recommendations in research notes.

Primary Responsibilities

• Create and maintain financial and industry models, leveraging skills in accounting, finance, and economics
• Translate company, industry, consumer, and market or alternative data into insightful research reports with clear investment debates, differentiated conclusions, and actionable stock calls
• Develop and maintain relationships with management of companies under coverage, industry specialists, and other key leaders of opinion
• Engage with institutional investors by responding to in-depth questions, addressing bespoke requests, and helping communicate the team’s highest-conviction views
• Support internal sales and trading teams with timely analysis of sector breaking news
• Adopt and apply AI-enabled research tools judiciously to accelerate information gathering, model maintenance, data analysis, and workflow execution while maintaining analytical rigor, source verification, and quality control
• Conduct industry diligence and primary research through surveys, expert conference calls, and channel checks to evaluate industry trends
• Collaborate with cross-functional teams to produce larger industry reports

Qualifications

• At least 2 years of professional experience in equity research or investment banking
• Proven experience using Excel to build and maintain three-statement financial models; advanced Excel proficiency is required
• Strong written and verbal communication skills, with the ability to present analysis clearly, defend conclusions, and contribute positively in client-facing discussions
• Demonstrated interest in public markets and a genuine curiosity about what drives stock performance, investor debates, and valuation
• Comfort adopting AI-enabled tools and new technologies to improve research efficiency, with the judgment to verify outputs, protect data integrity, and apply tools appropriately
• Demonstrated attention to detail and commitment to accuracy
• Ability to adapt quickly and work well under pressure
• High EQ, strong personal drive, energy, creativity, curiosity, organization, and a team-oriented mindset
• Experience with Python is a plus but not required
• CFA designation or progress toward CFA preferred

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 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. Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience a