2026 Investment Banking & Global Capital Markets Strats Summer Associate Program (New York)

New York City, NY - USA

Monthly Salary: Not Disclosed

Posted on: 4 days ago

Vacancies: 1 Vacancy

Job Summary

Morgan Stanley is a worldwide leader in investment banking. We are one of the top firms in mergers & acquisitions (M&A) underwriting of equity transactions corporate debt issuance and high-yield debt financing. With professionals in 30 countries we are consistently recognized for our performance in traditional and innovative financing solutions helping clients around the world to make decisions about their business strategy and financial structure.

Our New York City office is looking forStrats Summer Associates for the Investment Banking and Global Capital Market Divisions to combine financial engineering mathematical modeling and computer science to conduct rapid quantitative analysis on capital markets transactions whether pitches or live execution (for example debt and equity issuance M&A restructuring) and optimizing complex hedging strategies for internal and external clients.

WE OFFER

A 10-week in-person program that takes place at Morgan Stanleys headquarters in New York
Placement in either Investment Banking Division (IBD) or Global Capital Markets (GCM) Strats Group
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 IBD or GCM
A flat structure experience that will provide you with a high level of responsibility early in your career

YOU WILL
Responsibilities may include and are not limited to:

Create and maintain data driven analytics and financial models used to advise clients in achieving their strategic needs.
Analyze transaction data client behavior and market activity to support M&A IPO and capital raising pitches.
Work with sector coverage sponsor coverage and M&A teams to provide differentiated analysis to clients and help source new clients.
Develop and maintain critical business reporting solutions for the desks and divisions senior management.
Build dashboards and tools for bankers including pipelines for ingesting cleaning and transforming financial and alternative datasets; often collaborating with engineering teams to ensure scalable and efficient systems.

QUALIFICATIONS

You are a graduate student in Financial Engineering Mathematics Applied Mathematics Physics Statistics Quantitative Finance Computer Science Electrical Engineering Economics or related quantitative discipline
You are completing your degree in December 2026 to June 2027
You have a keen interest in financial markets
Excellent quantitative skills and programming ability in a major language
Outstanding verbal and written communication skills
Ability to work with a strong sense of urgency while maintaining attention to detail
You have the drive and desire to work in a team-oriented environment
Working knowledge of Q/KDB Python Java or Scala and desire to learn new techniques

PROCESS DETAILS

Applications will be reviewed on a rolling basis so you are encouraged to submit yours as soon as you feel ready.
Candidates selected to progress to an interview will be evaluated for both the Investment Banking and Global Capital Markets Divisions; successful candidates will be notified later of final divisional placement.Your divisional preference may be taken into consideration.

Expected base pay rates for the role will be $72.12 per hour 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.

Morgan Stanleys 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).

Required Experience:

WE OFFER

A 10-week in-person program that takes place at Morgan Stanleys headquarters in New York
Placement in either Investment Banking Division (IBD) or Global Capital Markets (GCM) Strats Group
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 IBD or GCM
A flat structure experience that will provide you with a high level of responsibility early in your career

YOU WILL
Responsibilities may include and are not limited to:

Create and maintain data driven analytics and financial models used to advise clients in achieving their strategic needs.
Analyze transaction data client behavior and market activity to support M&A IPO and capital raising pitches.
Work with sector coverage sponsor coverage and M&A teams to provide differentiated analysis to clients and help source new clients.
Develop and maintain critical business reporting solutions for the desks and divisions senior management.
Build dashboards and tools for bankers including pipelines for ingesting cleaning and transforming financial and alternative datasets; often collaborating with engineering teams to ensure scalable and efficient systems.

QUALIFICATIONS

You are a graduate student in Financial Engineering Mathematics Applied Mathematics Physics Statistics Quantitative Finance Computer Science Electrical Engineering Economics or related quantitative discipline
You are completing your degree in December 2026 to June 2027
You have a keen interest in financial markets
Excellent quantitative skills and programming ability in a major language
Outstanding verbal and written communication skills
Ability to work with a strong sense of urgency while maintaining attention to detail
You have the drive and desire to work in a team-oriented environment
Working knowledge of Q/KDB Python Java or Scala and desire to learn new techniques

PROCESS DETAILS

Applications will be reviewed on a rolling basis so you are encouraged to submit yours as soon as you feel ready.
Candidates selected to progress to an interview will be evaluated for both the Investment Banking and Global Capital Markets Divisions; successful candidates will be notified later of final divisional placement.Your divisional preference may be taken into consideration.

Required Experience: