2026 Investment Management Spring Co-Op Program - Fixed Income Emerging Markets (Boston)

Program Overview

Morgan Stanley Investment Management (MSIM) hires undergraduate co-ops to simultaneously contribute to and learn about various groups within our division. Co-ops spend six months fully immersed in their work and MSIM culture, resulting in an enriching and formative experience. The co-op role within MSIM is primarily a learning and growth opportunity, which does not necessarily correlate with full-time opportunities within the firm.

PLACEMENT AND DURATION

Morgan Stanley Investment Management (“MSIM”), together with its investment advisory affiliates, has more than 1,300 investment professionals around the world and $1.7 trillion in assets under management or supervision as of June 30, 2025. To support the delivery of tailored, value-added investment solutions to clients our investment teams are organized by capability: Solutions & Multi-Asset, Real Assets, Active Fundamental Equity, Private Credit & Equity, Global Fixed Income, and Global Liquidity. Morgan Stanley Investment Management strives to provide outstanding long-term investment performance, service and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations and individuals worldwide.

The Emerging Markets Debt team manages approximately $20 billion across a range of investment strategies. The team analyses the macroeconomic and political environments of more than one hundred countries and translates these fundamental views into investment ideas.  The team also produces an increasing amount of quantitative research, much of which relates to systematic, machine-learning-based investment strategies. We exploit both long and short investment opportunities and use a variety of sovereign bonds, currencies, equities, and other cash and derivative instruments to execute our strategies. Our team is made up of highly motivated professionals with diverse backgrounds who complement our global perspective.

The co-op will commence in Spring 2026 and last six months. This co-op offers you the opportunity to work with the team’s Portfolio Managers and quantitative analysts to improve existing machine-learnings-based investment strategies and contribute towards developing new ones.

TRAINING PROGRAM

You will receive on-the-job training and benefit from working alongside experienced professionals on a variety of projects.

RESPONSIBILITIES

• Conduct in-depth quantitative research on systematic investment strategies powered by machine learning algorithms like neural networks.
• Develop new ideas for feature engineering, parameter tuning, and trading systematic signals as a portfolio
• Build tools to track and understand differences between live strategy performance and modeled performance
• Complete ad-hoc quantitative projects to support business needs 

QUALIFICATIONS/ SKILLS/ REQUIREMENTS

• You have graduated from university or able to take the time off to commit for a full time internship role for six months if you are currently in study
• Excellent record of academic achievement, with transcript as a proof
• You are adaptive, can function independently yet are a team player, as well as a multi-tasker.
• Excellent organizational, interpersonal, and time management skills. Ability to function reliably, independently, and with a high degree of accuracy and attention to detail.
• Programming skills in Python or R
• Experience with using Tensorflow, XGBoost, or other advanced machine learning libraries
• Strong MS Office skills
• Experience with SQL, Dataiku, Bloomberg is a plus

Application Process and Deadline

In order to be considered, candidates must apply with their resume and transcript through the Morgan Stanley website. Resumes will be reviewed on a rolling basis starting September 22nd, 2025 and continuing through October 3rd, 2025 or until the role is filled, whichever comes first.

Expected base pay rates for the role will be between $30.00 and $40.00 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.