2027 Institutional Equity Summer Analyst Program (New York)

Morgan Stanleys Institutional Equity Division (IED) is a world leader in the origination distribution and trading of equity equity-linked and equity-derivative securities. The Division services a global Institutional client base providing clients with innovative product solutions that help to generate alpha within their portfolios.

Overview & Placement

The Institutional Equity Divisions Summer Analyst Program is a 10-week program that begins with one week of classroom training followed by four rotations across the division.

All Summer Analysts will receive on-the-job training and be exposed to a wide variety of roles products and services throughout IED working alongside experienced professionals in a fast-paced client-facing and market-driven environment. Summer Analysts will have the opportunity to broaden and strengthen their respective skillsets collaborating with individuals across IED on meaningful projects and initiatives.

In addition the Program features a Senior Management Speaker Series cross-divisional networking events community service events performance reviews and a robust mentorship program.

Please apply to this program if you are interested in our Sales Prime Brokerage or Sales-Trading roles with Equities. Please note you should apply for the 2026 Institutional Equity Derivatives Trading & Structuring Summit (New York) if you are interested in our more quantitative trading or structuring/content roles within Equities.

Training Program

The program begins with a one-day orientation where Summer Analysts are introduced to the Firm and primary businesses within as well as to one another at our opening Firmwide networking event. For the remainder of training Summer Analysts will attend divisional-specific events designed to help develop the core skills required for a successful summer.

Roles & Responsibilities

Cash Equities: Morgan Stanley is a global leader in executing transactions in cash equity and equity-related products for institutional clients around the world. These products include common stocks global depository receipts and exchange-traded funds.
Sales: Teams work closely with Chief Investment Officers Portfolio Managers and Traders to deliver meaningful market insight and expertise facilitating introductions to product experts throughout the Division and Firm to help clients successfully achieve their investment objectives.
Equity Derivatives: Across global equity derivatives markets Morgan Stanley is a leading provider of execution services and solutions. Our product suite encompasses equity options equity swaps warrants structured notes and futures on individual securities indices and baskets of securities.
Sales Trading: Responsible for helping Institutional clients identify and implement cost-efficient suitable trading solutions providing pricing and liquidity and managing firm risk.
Prime Brokerage: For more than 30 years Morgan Stanley has set the standard for excellence in the Prime Brokerage space. Our strong client relationships market-leading technology and seasoned product experts have positioned us as an industry leader in financing market access and portfolio management.
Our Capital Introductions Business Consulting and Risk teams each play a critical role in the day-to-day management of hedge fund operations positioning our clients to raise new capital and effectively run their businesses.

Qualifications/Skills/Requirements:

Pursuing an undergraduate degree with a graduation date of December 2027 or Spring 2028
Minimum 3.0 GPA
You are collaborative a quick learner adaptable versatile a multi-tasker enjoy solving problems and possess a strong work ethic
While no prior knowledge of finance or trading is required must have a keen interest in finance and markets

Applications will be reviewed on a rolling basis and we encourage you to apply as soon as you are 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 rate(s) 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 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).