2023 Global Capital Markets Strats Summer Associate Program (New York)
Morgan Stanley is a worldwide leader in investment banking. Morgan Stanley's Global Capital Markets (GCM) division responds with market judgments and ingenuity to clients' needs for capital. Whether executing an IPO, a debt offering or a leveraged buyout, GCM integrates our expertise in Sales and Trading and in Investment Banking to offer clients seamless advice and sophisticated solutions. We originate, structure and execute public and private placement of a variety of securities: equities, investment-grade and non-investment-grade debt and related products. With professionals in 30 countries, we are consistently recognized for our performance in traditional and innovative financing techniques, helping clients around the world to make decisions about their business strategy and financial structure.
GCM Strats work with bankers, traders, and other strat groups across the firm and help differentiate Morgan Stanley’s investment banking franchise by using a combination of financial engineering, mathematical modeling, data science and computer science to analyze markets, products and capital market transactions.
- A 10-week program that takes place at Morgan Stanley’s headquarters in New York
- Placement in GCM Strats Group
- One-week of training and orientation with a variety of presentations and exercises led by experts ranging from professors and industry leaders to current bankers
- Summer programming that includes, and is not limited to, regular sessions hosted by Firm representatives on accounting, industry and product-specific training, introduction to Morgan Stanley proprietary analytical tools and an overall introduction to the Firm
- Mentors to aid in your development and provide greater exposure to GCM
- A flat structure experience that will provide you with a high level of responsibility early in your career
Responsibilities may include and are not limited to:
- Create and maintain models for GCM teams, including debt and equity capital markets, derivatives, and lending
- Adapt financial models used on trading desks for use in private transaction analysis
- Utilize programming skills and software development experience
- Uses various statistical and data science techniques to analyze large data sets for business partners and clients
- You are a graduate student in Mathematics, Applied Mathematics, Physics, Statistics, Computer Science, Electrical Engineering, Financial Engineering or related quantitative discipline
- You are not in the last year of study and will graduate in 2024 or later
- You have at least two to three years of work experience (preferred)
- You have superior quantitative skills, programming ability, and financial knowledge
- Superior written and oral communications
- You are analytical, technically oriented, intellectually curious, and able to multitask
Expected base pay rate for the role will be $150,000 USD per year at the commencement of employment. However, base pay is only part of the total compensation package, which, depending on the position, may also include discretionary bonuses and other Morgan Stanley sponsored benefit programs.