2027 Equity Research Summer Analyst Program (New York)

During this 10-week program, Summer Analysts are placed directly into an industry team in one of the following sectors: Consumer, Energy, Utilities, Financials, Healthcare, Industrials, Materials, Media, Telecommunication or Technology. The placements are made based on the needs of the department and the skill set of the candidate. The Summer Analyst Program begins with a training and development curriculum that covers the fundamental and professional skills you need for success in Equity Research. After a brief training period, Summer Analysts will be assigned to a specific industry group, building a foundation in the basic skills of fundamental analysis, accounting and valuation. There will be networking opportunities and ongoing training throughout the program. Role and Responsibilities

• Build and update financial models on the companies and industry your team covers, incorporating key drivers, forecasts and scenario analysis as needed.
• Collect, organize and analyze industry data to identify emerging trends and potential investment implications.
• Assess relative stock valuations and discuss key findings and catalysts with your team.
• Contribute to drafting and refinement of research reports, including company, thematic pieces and broader industry analyses.
• Collaborate with partners across Sales & Trading and the wider Research division.

Qualifications and Skills

• You are pursuing an undergraduate bachelor's degree with a graduation date of December 2027 or Spring 2028.
• Minimum 3.5 GPA.
• You have a demonstrated interest in finance, with foundational knowledge about equity markets and a strong motivation to deepen that expertise.
• You are analytical, intellectually curious, and detail-oriented, with the ability to interpret data and identify key insights.
• You have a strong work ethic, with the ability to manage multiple priorities, meet deadlines and perform effectively under tight deadlines.
• You possess outstanding communication skills, both written and verbal, with the ability to present complex ideas clearly.
• You are a self-starter, who is proactive and accountable, and able to take ownership of tasks and follow through independently.

Applications will be reviewed on a rolling basis, and we encourage you to apply as soon as you are ready. In order to be considered a complete application, students must submit an application and complete a HireVue (instructions emailed upon submission of application). Applications will close on Sunday, March 1 .

Expected base pay rates for the role will be $52.89 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).