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2025 Institutional Equity Derivatives Trading & Structuring Summer Analyst Program (New York)

Morgan Stanley
New York, USA
Closing date
Mar 28, 2024

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Morgan Stanley's 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 Division's Summer Analyst Program is a 10-week program that begins with one week of classroom training, followed by a minimum of three rotations across the division. Summer Analysts will pursue one of two Program Tracks: Institutional Equity or Institutional Equity Derivatives Trading and Structuring. While we encourage candidates to apply to the one track that best suits their interests and skillset, applications can be submitted for both tracks. Please note that this will count towards the three-program application maximum.

Please apply to this program if you are interested in our more quantitative, trading or structuring/content roles within Equities. Please note, you should apply for the 2025 Institutional Equity Summer Analyst Program (New York) if you are interested in our Sales, Prime Brokerage or Sales-Trading roles within Equities.

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, desk teach-ins, cross-divisional networking events, community service events, performance reviews, and a robust mentorship program.

Certain roles within the Institutional Equity Division require a more technical skillset. Derivatives Trading and Structuring is responsible for the generation and facilitation of liquidity, as well as innovative product and trading solutions across a variety of Derivative products, including Equity Options (both exchange- listed and over the counter), Securitized Derivatives, and Convertible Bonds. Products and services are delivered across a full range of distribution channels, including our corporate, retail, and institutional clients. Some of our Derivatives Trading & Structuring desks include:
• Baskets
• ETFs
• Structuring

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.

Qualifications / Skills / Requirements:

•Pursuing an undergraduate degree with a technical proficiency in areas such as Mathematics, Statistics, Physics, Computer Science, and Engineering, with a graduation date of December 2025 or Spring 2026
•Minimum 3.0 GPA
•Comfortable applying statistical analysis and deriving value from data
•Enjoy solving complex problems that require deep analytical reasoning and quantitative analysis
•Familiar with coding languages such as Python, Q, R, SQL, or VBA
•Strong verbal and written communication skills
•Candidate is collaborative, a quick learner, adaptable, versatile, a multi-tasker and possesses a strong work ethic
•While no prior knowledge of finance or trading is required, candidate must have a keen interest in finance and markets

Application Process and Deadline

In order to be considered, candidates must apply by August 16, 2024 at 11:55 PM EST. You must also complete a Hirevue video within 48 hours of completing the rest of your application and by the August 16th deadline.

Expected base pay rate 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 Stanley's 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).

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