Associate, Research

Company Profile:

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment, and wealth management services. The Firm's employees serve clients worldwide, including corporations, governments, and individuals from more than 1,200 offices in 43 countries.

In the Research division, we offer timely, integrated analysis of companies, sectors, markets, and economies, helping clients with their most critical decisions. 

What you’ll do in the role:

Morgan Stanley & Co. LLC is seeking an Associate, Research in New York, New York to debrief internal stakeholders, including Sales and Trading, on market moving events that impact stock prices of companies under coverage. Conduct industry diligence and primary research through surveys, expert conference calls, earnings calls, management catch ups and various channel checks to evaluate industry trends. Build financial operating models for key drivers and performance indicators to better understand and track performance of companies under coverage; involves analyzing unit economics and adjusting models based on earnings releases, management guidance and industry trends. Conduct valuation analysis to come up with price targets for companies under coverage. Catalyst identification and investment thesis development, which includes monitoring events that could drive stock re-ratings (mergers & acquisitions, product launches, regulatory shifts) and understanding the market is mispricing a stock (variant perception analysis). Write clear and concise investment reports summarizing thesis, risks and catalysts and distilling complex financial and strategic insights into quick take aways for buyside clients. Develop and maintain relationships with buy-side clients, including hedge funds, long only asset managers, pension plans, etc, to provide sector insights, company insights and stock recommendations. Work with supervisory analysts, compliance and other internal stakeholders to ensure research is produced in a compliant manner. Telecommuting permitted up to 1 days per week.

What you’ll bring to the role:

-Requires a Bachelor’s degree in Business, Finance, or a related field

-Requires four (4) years of experience in the position offered or four (4) years as an Associate, Analyst, or a related role

-Requires four (4) years of experience with the following skills:

• Building detail operating models and valuation analysis, including precedent transactions, comparable companies, sum-of-the-parts, discounted cash flow, leveraged buyouts, and merger modeling;
• accounting standards and methodologies, including Generally Accepted Accounting Principles and International Financial Reporting Standards;
• industry supply chain mapping;
• expert network and primary research utilization;
• sentiment analysis and positioning;
• Factset;
• Eikon;
• Bloomberg;
• alternative data integration;
• Microsoft Excel;
• CapIQ; and
• MergerMarket.

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 into your browser.

Expected base pay rates for the role will be between $200,000 and $200,000 per year 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 is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.

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