2018 Global Capital Markets Division Summer Analyst Program (New York)

Placement & Duration:

Through a matching process, Summer Analysts are placed into one of our main departments: Equity Capital Markets, Fixed Income Capital Markets, Leveraged Finance or Client Solutions. During the 10 week program, you will be working with our clients on complex, innovative financing and risk management solutions in a trading floor environment with immediate access to market information. The GCM experience and flat structure will provide you with a high level of responsibility early in your career.

Application Process & Deadlines:

Students must apply online to Morgan Stanley’s website (MorganStanley.com/campus) in order to be considered.

Training Program:

The Summer Program begins in early June with a one-week training program at our corporate headquarters in New York City. Training consists of a variety of presentations and exercises led by experts ranging from professors and industry leaders to current Analysts and senior bankers. It includes course work in accounting, industry and product-specific training, introduction to Morgan Stanley proprietary analytical tools and an overall introduction to the Firm. Analysts then spend the summer in one of our specific groups building a foundation of financial skills and a solid understanding of the markets. You will have a junior and senior mentor to aid you in your development and provide greater exposure to GCM and the Firm, and you will participate in regular training sessions hosted by Firm representatives on various topics ranging from new trends in the marketplace to group overviews.

Responsibilities:

Summer Analysts in GCM work in one of our main departments: Equity Capital Markets, Fixed Income Capital Markets, Leveraged Finance or Client Solutions. The roles and responsibilities vary by group.

Equity Capital Markets: Learn how to read complex financial models and understand basic multiples such as P/E and Aggregate Value/EBITDA, in order to value companies; learn how equity deals are priced and play an active role in the origination and execution of transactions while working closely with your Corporate Finance counterparts in IBD.

Fixed Income Capital Markets: Provide clients with valuable updates on market news and trends and how these affect their access to the debt capital markets; work with our trading and syndicate desks on rate views, product management and deal execution; build and run complex financial models.

Leveraged Finance: Analyze and create—for both corporate and financial sponsors—various financing alternatives in the context of debt and/or loan financing, leveraged buyouts and acquisition financings; create complex financial models and work closely with Investment Banking professionals to develop projections and valuation and merger analyses as it relates to evaluation of capital structure alternatives; develop client presentations.

Client Solutions: Provide clients with holistic solutions to various issues from asset monetization and relationship lending to pension and risk across all sectors, including financial institutions and corporate clients; supply valuable updates on market news and trends and the subsequent effect on clients’ access to capital markets; work with trading and syndicate desks on rate and market views, product management and deal execution; structure complex financial transactions and work with Investment Banking to develop valuation analysis as it relates to merger and acquisition activity.

Qualifications/ Skills/ Requirements:

You are a current junior undergraduate student. All concentrations accepted.

You have a strong interest in financial markets.

You are analytical, quantitative, adaptive, hungry, a self-starter, a leader, a team player, a multi-tasker, results-oriented and possess a strong work ethic, excellent oral and written communication skills and a positive attitude.

Morgan Stanley New York:

Founded in New York City in 1935, Morgan Stanley has evolved into one of the world's foremost financial institutions, with more than 55,000 employees in 43 countries. Our New York headquarters offers the finest in financial thinking, products and execution to individual investors, companies, institutions and government agencies. We offer our clients the personalized attention and service of a boutique, the intelligence and creativity of the brightest professionals in the industry and the global resources of Morgan Stanley.