Analyst Internship jobs at StoneX Group - 72 jobs

**You're** **the brains behind our work.** You're ready to bring your knowledge from the classroom to the trading floor, and Citi wants to help you get there. Whether it's honing your skills or building your network, we know that success can't come without growth. Our programs equip you with the knowledge and training you need to play a valuable role on your team and establish a long-term career here. At Citi, we value internal mobility and career growth, it is not a question of if, but when. Citi is looking for Summer Analysts to join the Citi Markets team in New York City. As part of Markets, your work can make an immediate impact. From providing financing solutions to the world's leading corporations, governments, and institutional investors to offering a robust range of products and services, you will gain varied and thorough knowledge in this diverse rotational program. Our Markets Analyst Program is unlike any other on Wall Street. It is a highly competitive and selective program that gives you the opportunity to actively participate in the research, trading and marketing of securities to our institutional client base. In addition, as a Summer Analyst, you will be given the opportunity to rotate across products and functions within Markets, to gain a well-rounded experience over your 10 weeks. **We provide you with the knowledge and skills you need to succeed.** All Summer Analysts participate in a week-long comprehensive training program during the first week of the Summer Program. The training program is taught by skilled external consultants along with selected professionals with industry and product expertise. Our program is designed to cover all fundamental aspects of the Markets Summer Analyst role. **Your time here will look something like this.** We offer weekly senior speaker events throughout the summer that will give you a deeper understanding of the Markets industry. As a Summer Analyst, you will be scheduled for Speaker Series sessions with product heads. You will also attend various networking events that will give you exposure to both junior and senior level professionals. In addition, you will work with your peers to complete projects and pitch trade ideas. Group projects will allow you to network with your analyst class and will teach you to utilize the various skill sets and knowledge bases obtained by rotating across a product area. The networks built through the summer analyst program will continue to act as a resource throughout your career at Citi. **We want to hear from you if...** - You are currently pursuing a Bachelor's degree (graduating in Fall 2027 or Spring 2028) - You are excited to work in our New York office - You currently maintain a GPA of 3.3 or above - You are creative in solving problems and are intellectually curious - You are hard-working and diligent - You are enthusiastic, quick-thinking and able to juggle multiple tasks simultaneously - You are confident and comfortable with clients and articulate in oral and written communication - You are focused on achieving the group and client objectives - You are detail-oriented **Who we think will be a great fit...** You are interested in Markets, and you're determined to succeed in the field. As industries all over the globe continue to restructure and grow, we are hiring professionals who have a global perspective on the markets and want to make an impact. We value diversity and so do you. We'll be looking for talented people from a variety of universities. **Salary: $110,000** ------------------------------------------------------ **Job Family Group:** Institutional Trading ------------------------------------------------------ **Job Family:** Trading ------------------------------------------------------ **Time Type:** Full time ------------------------------------------------------ **Primary Location:** New York New York United States ------------------------------------------------------ **Primary Location Full Time Salary Range:** $80,000.00 - $115,000.00 In addition to salary, Citi's offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire. ------------------------------------------------------ **Most Relevant Skills** Please see the requirements listed above. ------------------------------------------------------ **Other Relevant Skills** For complementary skills, please see above and/or contact the recruiter. ------------------------------------------------------ **Anticipated Posting Close Date:** Dec 31, 2025 ------------------------------------------------------ _Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law._ _If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi (*************************************************************************** ._ _View Citi's EEO Policy Statement (*********************************************** and the Know Your Rights (*********************************************************************************************** poster._ Citi is an equal opportunity and affirmative action employer. Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.

NAM Quantitative Analysis, Summer Analyst Program - New York (North America - 2027) You're the brains behind our work. Are you ready to bring your knowledge from the classroom to the trading floor? Citi wants to help you get there! Whether it's honing your skills or building your network, we know that success can't come without growth. Our programs equip you with the knowledge and training you need to play a valuable role on your team and establish a long-term career here. At Citi, we value internal mobility and career growth, it is not a question of if, but when. Citi is looking for Summer Analysts to join the Citi Markets - Quantitative Analysis (MQA) team in New York City. As part of Markets, your work can make an immediate impact. From derivatives modeling to algorithmic execution, you will build innovative solutions to the most complex financial problems facing our trading businesses and our clients. Our Markets Analyst Program is unlike any other on Wall Street. It is a highly competitive and selective program that gives you the opportunity to combine traditional financial engineering principles with the latest machine learning and data science techniques to design and develop the quantitative solutions and analytics that support diverse investment and transaction strategies across Markets. We provide you with the knowledge and skills you need to succeed. All Summer Analysts participate in a week-long comprehensive training program during the first week of the Summer Program. The training program is taught by skilled external consultants along with selected professionals with industry and product expertise. Our training program is designed to cover all fundamental aspects of the Markets Summer Analyst role. Your time here will look something like this. Summer Analysts will be placed on a quantitative modeling desk and assigned a summer project designed to highlight the importance of quantitative methods as financial products and trading strategies become increasingly sophisticated. At the conclusion of the Summer Program, Summer Analysts will present their results to senior leadership. We offer weekly speaker events with product heads throughout the summer that will give you a deeper understanding of the Markets industry. As a Summer Analyst, you will also participate in a business wide Data Science competition. You will also attend various networking events that will give you exposure to both junior and senior level professionals. In addition, Summer Analysts will shadow multiple quantitative trading and structuring desks throughout the summer. In these rotations, Summer Analysts will have the opportunity to learn from these professionals as they make markets for our institutional client base while actively monitoring and hedging their risk. We want to hear from you if... * You are obtaining a Bachelor's or Master's degree (graduating in Fall 2027 or Spring 2028) and majoring in Quantitative Finance, Computer Science, Engineering, Mathematics, and/or a closely related field * You are excited to work in our New York office * You currently maintain a GPA of 3.3 or above * You have excellent mathematical skills, specifically as it relates to Data Analysis and Statistical Modeling * You have excellent programming skills in C++, Python or Java * You have experience designing, developing, and implementing artificial intelligence models and machine learning algorithms * You are creative in solving problems and are intellectually curious * You are enthusiastic, quick-thinking and able to juggle multiple tasks simultaneously * You are confident, comfortable and articulate in oral and written communication Who we think will be a great fit... You are interested in Markets, and you're determined to succeed in the field. As industries all over the globe continue to restructure and grow, we are hiring professionals who have a global perspective on the markets and want to make an impact. We value diversity and so do you. We'll be looking for talented people from a variety of universities. Region: North America Category: Markets Level: Full Time Analyst Salary: $110k * ----------------------------------------------------- Job Family Group: Institutional Trading * ----------------------------------------------------- Job Family: Trading * ----------------------------------------------------- Time Type: Full time * ----------------------------------------------------- Primary Location: New York New York United States * ----------------------------------------------------- Primary Location Full Time Salary Range: $80,000.00 - $115,000.00 In addition to salary, Citi's offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire. * ----------------------------------------------------- Most Relevant Skills Please see the requirements listed above. * ----------------------------------------------------- Other Relevant Skills For complementary skills, please see above and/or contact the recruiter. * ----------------------------------------------------- Anticipated Posting Close Date: Dec 29, 2025 * ----------------------------------------------------- Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi. View Citi's EEO Policy Statement and the Know Your Rights poster.

The Fixed Income Summer Analyst Program is a 10-week program consisting of one week of classroom training, followed by multiple rotations across Fixed Income. Rotations may include Global Credit & Municipals, Securitized Products, Foreign Exchange/Emerging Markets, Interest Rates, and Commodities. Summer Analysts receive on-the-job training, benefit from working alongside experienced professionals on meaningful projects, and build their skillsets in a dynamic and evolving environment. In addition, the program features a Senior Management Speaker Series, desk teach-ins, networking events, community service, performance reviews, and a robust mentorship program. Program Overview Summer Analysts begin with a one-day orientation where they are introduced to the Firm's businesses and learn what it's like to be an employee at Morgan Stanley. Fixed Income Summer Analysts then attend Sales & Trading division-specific training where they learn core skills essential for success. The curriculum includes daily market updates, business-specific overviews, and basic product and technical training. Role & Responsibilities • Sales: Understand how a client base is developed and maintained; create investment ideas; learn how we sell and cross-sell the Firm's products; represent the Firm when interfacing with clients on important business issues. • Trading: Assist in generating trade ideas and analysis; support all aspects of the market-making and trade execution process, from providing research analytics on trades to relative value analysis. • Strategy: Help develop investment recommendations on Fixed Income Securities through the study and analysis of market fundamentals and technical research. Understand how we use the existing firm model database to develop new models. • Structuring: Learn how to build valuation models to help issuers and investors optimize a transaction's economics, and quantify sources of value and risk. Qualifications & Skills • You are pursuing an undergraduate Bachelors degree (junior) or a Masters with a graduation date of December 2027 or Spring 2028. • Minimum 3.0 GPA. • While no prior knowledge of finance or sales & trading is required, you must have a keen interest in finance and markets. • You are analytical, adaptive, possess a strong work ethic, are a leader yet team player, as well as a multi-tasker. • You possess strong oral and written communication skills. Applications will be reviewed on a rolling basis and we encourage you to apply as soon as you are ready. In 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 rates 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).

The Fixed Income Research Summer Analyst Program is a 10-week program consisting of one week of classroom training, followed by multiple rotations. Summer Analysts may rotate on various Fixed Income Research desks including Corporate Credit, Interest Rates, Emerging Markets, Foreign Exchange, Municipal Credit and Securitized Credit. Summer Analysts receive on-the-job training, benefit from working alongside experienced professionals on meaningful projects, and build their skillsets in a dynamic and evolving environment. In addition, the program features a Senior Management Speaker Series, desk teach-ins, networking events, community service, performance reviews, and a robust mentorship program. Training Program Summer Analysts begin with a one-day orientation where they are introduced to the Firm's businesses and learn what it's like to be an employee at Morgan Stanley. Fixed Income Research Summer Analysts then attend both Research and Sales & Trading division-specific training where they learn core skills essential for success. The curriculum includes daily market updates, business-specific overviews, and basic product and technical training. Role and Responsibilities Develop investment recommendations on Fixed Income Securities through the study of market fundamentals and technical research. Helping develop models to identify short term asset-class disconnects in real time. Gain exposure to Fixed Income Research by learning from seasoned professionals as they tackle longer-term asset allocation challenges, develop trade recommendations, and craft research content such as reports and podcasts (listen to Thoughts on the Market and watch Fixed Income Strategy 101 to learn more about what we do). Analysts will be given a specific project during each rotation focusing on anything from developing and pitching a trade idea to creating new valuation and trading models. The project will be presented to the research team at the end of each rotation. Qualifications and Skills You are pursuing an undergraduate bachelor's degree with a graduation date of December 2027 or Spring 2028. Minimum 3.5 GPA. Basic knowledge of and a keen interest in finance and markets. Strong work ethic, collaborative, ability to multi-task. Adaptable, versatile, and analytical. Strong oral and written communication skills. In 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 rates 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).

The Institutional Securities Group Risk Management (ISG Risk) Summer Analyst Program is a 10-week program consisting of one week of classroom training followed by nine weeks of rotations across ISG Risk. ISG Risk is a first line risk management function which includes divisional Counterparty Risk, ISG Central Risk (CRT), Electronic Risk Management (ETRM) and divisional Business Control Units (BCU). Counterparty risk is responsible for monitoring and managing counterparty risk generated by the ISG businesses at the division and ISG level. ISG Central Risk Team is responsible for creating and implementing the Non-Financial Risk framework centrally across ISG businesses, including, regulatory, supervision, data, cyber, model and trader mandate, ESG and financial crimes risk. Business Control Unit teams work with the Central Risk team and support each business in risk initiatives. Summer Analysts will rotate through a combination of our ISG Counterparty Risk, Central Risk and Business Control Unit teams. The Program features a senior management speaker series, networking events, community service, a performance review and a mentorship program. Summer Analysts receive continued on-the-job training and benefit from working alongside experienced professionals on meaningful projects. In addition to daily responsibilities on the desk, Summer Analysts will be assigned a summer-long project based on their rotations, which is presented to management at the end of the summer. Summer Analysts begin with a one-week orientation where they are introduced to the Firm's businesses and learn what it is like to be an employee at Morgan Stanley. ISG Risk Summer Analysts then attend Sales and Trading division-specific training, accompanied by an additional ISG Risk-focused training day, teaching them core skills essential for a successful summer. The curriculum includes daily market updates, business-specific overviews and basic product and technical training. Qualifications/Skills/Requirements You are pursuing an undergraduate Bachelor's or Master's degree with a graduation date of December 2027 or Spring 2028. Minimum 3.0 GPA. You have basic knowledge and a keen interest in finance. You are analytical, adaptive, collaborative, a leader, and a multi-tasker. You possess strong oral and written communication skills. 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). Job Level Summer Analyst Program Summer Analyst

Morgan Stanley Investment Management ("MSIM"), together with its investment advisory affiliates, has more than 1,300 investment professionals around the world and $1.8 trillion in assets under management or supervision as of September 30, 2025. Morgan Stanley Investment Management strives to provide strong long-term investment performance, outstanding service, and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations, and individuals worldwide. General Description The Investment Management Summer Analyst Program is a 10-week program starting in June. The program consists of one week of training and nine weeks working within a specific IM team. Across all IM teams, the curriculum is designed to equip Summer Analysts with the fundamental skills they need to be successful in IM. During the 10-week program, Summer Analysts experience the culture and atmosphere of Morgan Stanley by performing a role similar to a Full-Time Analyst. The Private Credit & Equity Summer Analyst Program is a 10-week program starting in June. Summer Analysts will be placed into a specific strategy team for their summer program, including Opportunistic Investing, Buyout Private Equity, Private Credit, Tactical Value, Transformational Secondaries, and Venture. Roles and Responsibilities * Work with senior members of the Fund to conduct diligence on investment opportunities * Coordinate with advisors and consultants on due diligence items * Help construct company financial forecast and valuation models * Execute other investment related tasks (track prospective deals, help negotiate confidentiality agreements, etc.) * Contribute to investment memoranda on investment opportunities * Monitor performance of existing portfolio companies * Keep current with market developments, such as new investment products and movements in the economy * Develop your public speaking, company/industry research and analysis (qualitative), modeling, presentation building, and project management skills Qualifications and Skills * Pursuing a Bachelor's degree and will graduate between December 2027 and June 2028 * Exceptional academic performance and communication skills, both verbal and written * Strong team player; ability to collaborate with colleagues across the team and within the broader organization * Self-starter with the ability to work independently * Driven, highly motivated and results-focused\Strong organizational and time management skills, with ability to manage projects and competing priorities * Problem solver, with an analytical and detail-oriented mindset * Keen interest in investing Application Process and Deadline In order to be considered, candidates must apply with their resume through the Morgan Stanley website and complete their HireVue digital questionnaire. Resumes will be reviewed on a rolling basis until the role is filled or the application deadline, whichever comes first. Applications must be submitted by Friday, February 28, 2025 at 11:55 PM EST and HireVues completed by Sunday, March 2, 2025 at 11:55 PM EST in order to be considered. Expected base pay rates 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. Applicants must be legally authorized to work in the United States and should not require, now or in the future, sponsorship for employment visa status. Job Level Summer Analyst Program Summer Analyst

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 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 ready. In 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 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). Job Level Summer Analyst Program Summer Analyst

The Financial Resources and Strategy (FRS) Summer Analyst Program is a 10-week program, beginning with a one-week classroom training followed by nine weeks of three rotations across the FRS Business-Resource Management, Margin & Capital Optimization, and Funding & Collateral Optimization. The Program features senior management speaker series, networking events, community service, performance review and a mentorship program. Summer Analysts receive continued on-the-job training and benefit from working with experienced professionals on meaningful projects. In addition to daily responsibilities on the desks, Summer Analysts will be assigned a summer-long project, which is presented to the entire division at the end of the summer. Responsibilities There are largely four businesses under Institutional Securities Group (ISG): Investment Banking, Global Capital Markets (GCM), Sales & Trading, and Research. Within Sales & Trading, Financial Resources and Strategy (FRS) sits alongside the Institutional Equities Division (IED), Fixed Income Division (FID), and ISG Risk Management. FRS is a centralized function responsible for secured funding, collateral management, margin optimization, CCP (Central Clearing Counterparty) relationship management, and managing capital / balance sheet / liquidity across ISG. Because FRS works with business heads to develop a near and medium-term strategy for growth and optimal use of the Firm's financial resources, members of the FRS team work on projects across divisions, asset-classes, and regions. These projects have direct and meaningful impact on ISG and the Firm's strategic direction. Resource Management: closely integrated with FID, IED, and GCM enabling/pricing/deploying resources as well as partnering to structure transactions to maximize returns and support strategic business initiatives globally. The team manages the front-to-back ISG Financials, working to ensure efficiency, optimal resource usage and operating leverage, across its balance sheet, capital, liquidity, and expense base. Margin and Capital Optimization: responsible for margin and capital optimization for both cleared and uncleared Firm trading activity for all cash, derivatives, and securities financing transactions across all asset classes. Partner with traders in executing derivatives trades by pricing funding and capital impacts as well as execution of post-trade optimization. Engage with CCPs to establish new clearing services which, are often, capital / liquidity efficient. Funding and Collateral Optimization: finance ISG using Repurchase Agreements, Total Return Swaps, and Securities Lending products. Responsible for ISG's secured funding framework, including impacts to liquidity and capital requirements, and assisting trader execution within this framework. Optimize various collateral margin postings, while minimizing cost and pursuing revenue opportunities. Qualifications/Skills/Requirements You are pursuing an undergraduate Bachelor's degree with a graduation date of December 2027 or Spring 2028. Minimum 3.20 GPA. You have basic knowledge and a keen interest in finance. You are analytical, adaptive, collaborative, a leader, and a multi-tasker. You possess strong oral and written communication skills. 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). Job Level Summer Analyst Program Summer Analyst

The Fixed Income Research Summer Analyst Program is a 10-week program consisting of one week of classroom training, followed by multiple rotations. Summer Analysts may rotate on various Fixed Income Research desks including Corporate Credit, Interest Rates, Emerging Markets, Foreign Exchange, Municipal Credit and Securitized Credit. Summer Analysts receive on-the-job training, benefit from working alongside experienced professionals on meaningful projects, and build their skillsets in a dynamic and evolving environment. In addition, the program features a Senior Management Speaker Series, desk teach-ins, networking events, community service, performance reviews, and a robust mentorship program. Training Program Summer Analysts begin with a one-day orientation where they are introduced to the Firm's businesses and learn what it's like to be an employee at Morgan Stanley. Fixed Income Research Summer Analysts then attend both Research and Sales & Trading division-specific training where they learn core skills essential for success. The curriculum includes daily market updates, business-specific overviews, and basic product and technical training. Role and Responsibilities * Develop investment recommendations on Fixed Income Securities through the study of market fundamentals and technical research. * Helping develop models to identify short term asset-class disconnects in real time. * Gain exposure to Fixed Income Research by learning from seasoned professionals as they tackle longer-term asset allocation challenges, develop trade recommendations, and craft research content such as reports and podcasts (listen to Thoughts on the Market and watch Fixed Income Strategy 101 to learn more about what we do). * Analysts will be given a specific project during each rotation focusing on anything from developing and pitching a trade idea to creating new valuation and trading models. The project will be presented to the research team at the end of each rotation. Qualifications and Skills * You are pursuing an undergraduate bachelor's degree with a graduation date of December 2027 or Spring 2028. * Minimum 3.5 GPA. * Basic knowledge of and a keen interest in finance and markets. * Strong work ethic, collaborative, ability to multi-task. * Adaptable, versatile, and analytical. * Strong oral and written communication skills. In 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 rates 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). Job Level Summer Analyst Program Summer Analyst

Placement and Duration: The Public Finance Summer Analyst Program is a 10-week program, including one week of classroom training. The program provides undergraduate students an opportunity to master the analytical, quantitative and interpersonal skills necessary to develop an exciting and rewarding career on Wall Street. Summer Analysts assume the functions of Full Time Analysts, servicing the Firm's investment banking clients in the public sector and not-for-profit sector across the United States. Over the course of the summer, Summer Analysts are given an opportunity to explore multiple industry areas, including Public Sector (States, Cities and Local Governments), Transportation and Airports, Higher Education and Not-for-Profit Institutions, Healthcare, Affordable Housing, Public Power and Utilities. In addition, Summer Analysts will gain exposure across different products such as tax-exempt municipal bonds, taxable corporate bonds, and direct lending alternatives. In the United States, we have opportunities in the following cities: New York and San Francisco. Training Program: Summer Analysts begin with a one-day orientation where they are introduced to the Firm's businesses and learn what it's like to be an employee at Morgan Stanley. Public Finance Summer Analysts then attend divisional Sales & Trading training, where they learn the core skills required to be successful on the job, as well as Public Finance-specific training. The curriculum includes market updates, bond math, the fundamentals of tax-exempt municipal bonds and credit risk analysis. In addition, Summer Analysts have several opportunities to network with peers, mentors and managers through speaker events, teambuilding sessions, learning lunches, community service and social events. Responsibilities: Summer Analysts in Public Finance will collaborate with Full-time employees to develop the skills they will need to have a successful summer, including: * Draft presentation materials, memos and responses to Requests for Proposals to generate new business. * Develop cash flow financial models and credit models to support bond transactions. * Shadow full-time employees as they communicate complex ideas and solutions with potential and existing clients. * Support deal execution, including the preparation of investor presentation materials. Applications will be reviewed on a rolling basis and we encourage you to apply as soon as you are ready. In 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. Qualifications/Skills/Requirements: * You are pursuing an undergraduate degree with a graduation date of December 2027 or Spring 2028. * You have a minimum GPA of 3.0 GPA. * You have a compelling interest in and knowledge of the financial markets, specifically in municipals and public finance. * You have an advanced knowledge of MS Excel (preferred). * Strong work ethic, collaborative, ability to multi-task. * Adaptable, versatile, and analytical. Our Opportunities Office Locations: New York and San Francisco 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). Job Level Summer Analyst Program Summer Analyst

Morgan Stanley Investment Management ("MSIM"), together with its investment advisory affiliates, has more than 1,300 investment professionals around the world and $1.8 trillion in assets under management or supervision as of September 30, 2025. Morgan Stanley Investment Management strives to provide strong long-term investment performance, outstanding service, and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations, and individuals worldwide. The Hedge Fund Solutions Investment Team serves to bridge a client's investment objectives with the optimal implementation choices or 'delivery mechanism' for underlying investments and exposures ranging from active hedge fund strategies to risk premia investing, alternative lending, asset-backed lending, secondaries, and co-investments. With the benefit of an open architecture platform - and making optimal use of data, tools and technology - the team seeks to source, structure, execute and oversee superior investments across each of these categories. Training Program The Investment Management Summer Analyst Program is a 10-week program consisting of one week of training and nine weeks working within a specific IM team. Across all IM teams, the curriculum is designed to equip Summer Analysts with the fundamental skills they need to be successful in IM. During the 10-week program, Summer Analysts experience the culture and atmosphere of Morgan Stanley by performing a role similar to a Full-Time Analyst. During the 10-week program, the Summer Analyst will work closely with the Investment Team, working on specific projects and participating in all stages of the investment process. This will include investment coverage activities, as well as those associated with sourcing, analysis, and evaluation of new ideas in addition to monitoring existing investments. The analyst role spans idea generation, data intake and analysis and data aggregation and management, and includes working with large data sets in Microsoft Excel, internal software systems, Python, SQL, and/or R to assess investment/strategy merits and monitor relevant portfolio metrics. Summer Analysts will have the opportunity to assist with active risk, exposure and P/L oversight and evaluation throughout the program. Roles and Responsibilities * Support all aspects of the investment process and coverage * Collaborate with other functional areas in coordinating the various operational aspects of investing * Participate in extensive strategy and investment reviews and in preparation of associated presentations for the Investment Committee Qualifications and Skills * Pursuing a Bachelor's degree and will graduate between December 2027 and June 2028 * Outstanding analytical and quantitative skills * Excellent communication skills, both verbal and written * Team player with ability to collaborate with colleagues across Hedge Fund Solutions and the broader organization * Some coding experience preferred (R, Python, SQL) * Self-starter with the ability to work independently * Driven, highly motivated and results-focused * Strong organizational skills with the ability to manage time efficiently and effectively * Detail oriented and have the ability to work efficiently within tight time constraints * Enthusiasm for financial markets, macroeconomics, alternatives investing, FinTech Application Process and Deadline In order to be considered, candidates must apply with their resume through the Morgan Stanley website and complete their HireVue digital questionnaire. Resumes will be reviewed on a rolling basis until the role is filled or the application deadline, whichever comes first. Applications must be submitted by Friday, February 28, 2025 at 11:55 PM EST and HireVues completed by Sunday, March 2, 2025 at 11:55 PM EST in order to be considered. Expected base pay rates 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. Job Level Summer Analyst Program Summer Analyst

Morgan Stanley is a worldwide leader in Global Capital Markets and one of the top firms in underwriting across equity and debt transactions, as well as in bespoke derivative and structured solutions for institutional and corporate clients. Morgan Stanley's Global Capital Markets division offers a 10-week program that takes place at Morgan Stanley's headquarters in New York. The program is an opportunity to be placed on one of our desks within Global Capital Markets (GCM), which could include: Corporate Derivatives Group (CDG), Equity Capital Markets (ECM), Investment Grade Debt (IG), Leveraged Finance (LevFin), Private Capital Markets (PCM), Strategic Lending Group (SLG) or Securitized Products Capital Markets (SPCM). Summer Analysts will have the opportunity to learn from industry leaders across products and work on innovative transactions for clients. Over the course of the program, Summer Analysts will receive immersive training and orientation to develop a strong foundation in capital markets knowledge and financial analysis. Summer Analysts will have the opportunity to interact with other businesses across the firm, while also receiving formal mentorship and engagement from senior leadership. Summer Analysts will have the opportunity to be in a market driven environment while sitting on an open trading floor - closely integrated with their teams to receive on the job training and exposure to experienced professionals throughout the course of the internship. Program Overview Responsibilities may include but are not limited to: * Work with our clients on complex, innovative financing and risk management solutions. * Learn how to read complex financial models and understand basics of capital structure management. * Learn how equity and debt deals are priced and play an active role in the origination and execution of transactions, while working closely with your Corporate Finance counterparts in Investment Banking. * Help prepare materials to provide clients with valuable updates on market news and product trends, including how these affect their access to the public and private capital markets. * Work with our trading and syndicate desks on pricing views and deal execution. * Analyze and create, for both corporate and financial sponsors, various financing alternatives in the context of debt and/or loan financing, leveraged buyouts and acquisition financings. * Model and structure complex equity and debt derivatives to help clients manage exposure to movements in share prices, interest rates and foreign exchange levels. Qualifications & Skills * Pursuing a Bachelor's degree and will graduate between December 2027 and Spring 2028. * Minimum 3.4 GPA. * Basic knowledge of and a keen interest in finance. * Outstanding analytical, quantitative and technological skills. * A great multi-tasker, possess a strong work ethic, and have a positive attitude. * Excellent verbal and written communication skills. * A quick learner, both a leader and team player and a self-starter with the ability to work independently. * Detail oriented with strong organizational skills and ability to manage time efficiently and effectively. Application Details * We review Global Capital Markets applications on a rolling basis and encourage you to apply as soon as you are ready because interviews can occur prior to the application period closing, which is Sunday, February 15. Expected base pay rates 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). Job Level Summer Analyst Program Summer Analyst

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, and individuals from more than 1,200 offices in 43 countries. As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence, and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career a place for people to learn, achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture. 2027 Firm Strategy & Execution Summer Analyst Program (New York) WE OFFER * A 10-week program that takes place at Morgan Stanley's headquarters in New York * The opportunity to: * Be part of the team that leads Principal M&A transactions (e.g., Acquisitions of Smith Barney, E*TRADE, and Eaton Vance) and advises on pivotal strategic growth initiatives domestically and internationally for Morgan Stanley * Gain exposure to Morgan Stanley's senior leadership across all divisions, including Institutional Securities Group (ISG), Wealth Management (WM), and Investment Management (IM) * Work on multiple live projects within a small team, allowing you to gain hands-on experience in strategy and M&A YOU WILL * Develop advanced strategic thinking skills and a deep understanding of the global financial services industry, by assisting the team in identifying and evaluating growth opportunities (e.g., new market or product entry), including analyzing market trends, the competitive landscape, business complexities and regulatory constraints * Learn the fundamentals of M&A, through helping the team evaluate M&A opportunities across the franchise, including screening for potential targets, assessing their strategic fit, and conducting detailed valuation / pro-forma modeling and analyses QUALIFICATIONS * Pursuing a Bachelor's degree and will graduate between December 2027 and June 2028 * Demonstrated interest in finance and basic understanding of accounting principles * Outstanding analytical and quantitative skills * Excellent verbal and written communication skills * A quick learner with a strong work ethic; a team player with the ability to work independently * Detail oriented with strong organizational skills and ability to manage time efficiently and effectively APPLICATION PROCESS AND DEADLINE In order to be considered, candidates must apply with their resume through the Morgan Stanley website and complete their HireVue digital questionnaire. Resumes will be reviewed on a rolling basis until the role is filled or the application deadline, whichever comes first. Applications must be submitted by February 27, 2026 at 11:55 PM EST and HireVues completed by March 1, 2026 at 11:55 PM EST in order to be considered. Expected base pay rates 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). Job Level Summer Analyst Program Summer Analyst

The Fixed Income Summer Analyst Program is a 10-week program consisting of one week of classroom training, followed by multiple rotations across Fixed Income. Rotations may include Global Credit & Municipals, Securitized Products, Foreign Exchange/Emerging Markets, Interest Rates, and Commodities. Summer Analysts receive on-the-job training, benefit from working alongside experienced professionals on meaningful projects, and build their skillsets in a dynamic and evolving environment. In addition, the program features a Senior Management Speaker Series, desk teach-ins, networking events, community service, performance reviews, and a robust mentorship program. Program Overview Summer Analysts begin with a one-day orientation where they are introduced to the Firm's businesses and learn what it's like to be an employee at Morgan Stanley. Fixed Income Summer Analysts then attend Sales & Trading division-specific training where they learn core skills essential for success. The curriculum includes daily market updates, business-specific overviews, and basic product and technical training. Role & Responsibilities * Sales: Understand how a client base is developed and maintained; create investment ideas; learn how we sell and cross-sell the Firm's products; represent the Firm when interfacing with clients on important business issues. * Trading: Assist in generating trade ideas and analysis; support all aspects of the market-making and trade execution process, from providing research analytics on trades to relative value analysis. * Strategy: Help develop investment recommendations on Fixed Income Securities through the study and analysis of market fundamentals and technical research. Understand how we use the existing firm model database to develop new models. * Structuring: Learn how to build valuation models to help issuers and investors optimize a transaction's economics, and quantify sources of value and risk. Qualifications & Skills * You are pursuing an undergraduate Bachelors degree (junior) or a Masters with a graduation date of December 2027 or Spring 2028. * Minimum 3.0 GPA. * While no prior knowledge of finance or sales & trading is required, you must have a keen interest in finance and markets. * You are analytical, adaptive, possess a strong work ethic, are a leader yet team player, as well as a multi-tasker. * You possess strong oral and written communication skills. Applications will be reviewed on a rolling basis and we encourage you to apply as soon as you are ready. In 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 rates 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). Job Level Summer Analyst Program Summer Analyst

Our New York City office is looking for an Investment Banking Analyst to join the Industrials Group. The successful candidate will have the opportunity to work with regional and international clients on a wide range of complex transactions including acquisitions, divestitures, mergers, joint ventures, corporate restructurings, shareholder relations, recapitalizations, demergers, leveraged buyouts and defenses against unsolicited takeover attempts, strategic advisory assignments and executions of public and private capital markets transactions. The successful candidate will work closely with professionals throughout the firm to deliver high quality advice to our clients. You will play an important role on a team that includes senior professionals who will encourage you to go beyond the numbers and think creatively. Qualifications: Up to 1 year of experience in investment banking or capital markets is required Extraordinarily high level of motivation, focus on work quality, attention to detail, strong work ethic, and decision-making abilities Experience in the industrials industry is preferred, but not required Excellent written and verbal communication skills and a positive attitude Analytical, quantitative, adaptive, hungry, a self-starter, a leader, a team player, a multitasker, and a results-oriented individual Interest in developing a career in investment banking Top education credentials; Bachelor's degree is required Series licensing or must obtain WHAT YOU CAN EXPECT FROM MORGAN STANLEY: At Morgan Stanley, we raise, manage and allocate capital for our clients - helping them reach their goals. We do it in a way that's differentiated - and we've done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There's also ample opportunity to move about the business for those who show passion and grit in their work. To learn more about our offices across the globe, please copy and paste ***************************************************** into your browser. Expected base pay rates for the role will be between $110,000 and $125,000 per year 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).

Morgan Stanley Fund Services (MSFS) is a leading fund administration business with roughly $760 billion assets under administration and 1,400+ professionals across New York, London, Dublin, Glasgow, Mumbai, Bangalore and Hong Kong. MSFS services a global institutional client base, providing hedge funds, multi-asset class investors, family offices and private equity firms with innovative product solutions. Primarily, MSFS provides accounting, investor servicing, reporting, tax, middle and back-office support, and portfolio analytics. MSFS employees work closely with the Chief Operating Officers, Chief Financial Officers, Portfolio Managers and investors of our clients. Duration The MSFS Summer Analyst Program is a 10-week program that begins with one week of classroom training, followed by four rotations across the business. Summer Analysts will be placed with our Investor Services, Middle Office, Product Development and the Anti-Money Laundering team and spend time in both the New York and Purchase offices. All Summer Analysts will receive on-the-job training and exposure to a wide variety of roles, products and services throughout MSFS, 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 MSFS on meaningful projects and initiatives. In addition, the Program features a Senior Management Speaker Series, teach-ins, cross-divisional networking events, community service events, performance reviews, and a robust mentorship program. Training Program The program begins with a one-day orientation where Summer Analysts are introduced to the Firm and primary businesses, 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. Placements Investor Services (IS): The Investor Services team works closely with the Investor Relations, Chief Financial Officers, Chief Operating Officers, Compliance teams and investors of our clients. An IS Representative serves as the primary liaison between investors, fund managers, and internal teams, ensuring smooth communication and timely delivery of information. Their core responsibilities include onboarding investors, processing investor documents and managing investor communications. Further, IS supports our clients with investors' capital activity (e.g., subscriptions, redemptions, transfers and assignments) and cash movements to and from the client. Their role demands strong attention to detail, effective communication, and collaboration across different teams to maintain data integrity and client satisfaction. Middle Office (MO): The Middle Office acts as a critical link between front-office trading and back-office operations, ensuring accurate and timely processing of financial transactions The MO team works closely with the Chief Operating Officers, Directors of Operations, and Treasury Managers of our clients and its primary responsibilities include trade processing and matching, positions and cash reconciliations, and corporate actions management. MO teams also handle cash and collateral management, which involves monitoring cash flows, managing margin requirements, and instructing collateral movements across counterparties using SWIFT-based tools. Product Development: The Product Development team defines the product vision and strategy, ensuring alignment with business goals and customer needs. The team collaborates with cross-functional squads to deliver features and coordinate testing, quality assurance, and operational sign-offs to ensure readiness for deployment. Anti-Money Laundering (AML): The Anti-Money Laundering team is responsible for helping our clients identify and manage potential AML risks. The team works closely with the General Counsel, Compliance, and Investor Relations representatives at our clients. Day-to-day responsibilities include the management of AML documentation, monitor source of funds, manage third-party wire checks, and ensure compliance with regulatory standards. Additionally, AML supports risk assessments during onboarding and subscription processes, ensuring all alerts are reviewed and cleared promptly and serving as a point of contact for fund managers and their investors. Qualifications / Skills / Requirements: Current undergraduate student with a graduation date of December 2027 or Spring 2028. Minimum 3.0 GPA. Strong analytical interpersonal, verbal and written communication skills. Collaborative, quick learner, adaptable, enjoy solving problems, possess a strong work ethic and ability to multi-task. A keen interest in finance and markets. In 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 $43.27 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 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).

Morgan Stanley Fund Services (MSFS) is a leading fund administration business with roughly $760 billion assets under administration and 1,400+ professionals across New York, London, Dublin, Glasgow, Mumbai, Bangalore and Hong Kong. MSFS services a global institutional client base, providing hedge funds, multi-asset class investors, family offices and private equity firms with innovative product solutions. Primarily, MSFS provides accounting, investor servicing, reporting, tax, middle and back-office support, and portfolio analytics. MSFS employees work closely with the Chief Operating Officers, Chief Financial Officers, Portfolio Managers and investors of our clients. Duration The MSFS Summer Analyst Program is a 10-week program that begins with one week of classroom training, followed by four rotations across the business. Summer Analysts will be placed with our Investor Services, Middle Office, Product Development and the Anti-Money Laundering team and spend time in both the New York and Purchase offices. All Summer Analysts will receive on-the-job training and exposure to a wide variety of roles, products and services throughout MSFS, 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 MSFS on meaningful projects and initiatives. In addition, the Program features a Senior Management Speaker Series, teach-ins, cross-divisional networking events, community service events, performance reviews, and a robust mentorship program. Training Program The program begins with a one-day orientation where Summer Analysts are introduced to the Firm and primary businesses, 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. Placements Investor Services (IS): The Investor Services team works closely with the Investor Relations, Chief Financial Officers, Chief Operating Officers, Compliance teams and investors of our clients. An IS Representative serves as the primary liaison between investors, fund managers, and internal teams, ensuring smooth communication and timely delivery of information. Their core responsibilities include onboarding investors, processing investor documents and managing investor communications. Further, IS supports our clients with investors' capital activity (e.g., subscriptions, redemptions, transfers and assignments) and cash movements to and from the client. Their role demands strong attention to detail, effective communication, and collaboration across different teams to maintain data integrity and client satisfaction. Middle Office (MO): The Middle Office acts as a critical link between front-office trading and back-office operations, ensuring accurate and timely processing of financial transactions The MO team works closely with the Chief Operating Officers, Directors of Operations, and Treasury Managers of our clients and its primary responsibilities include trade processing and matching, positions and cash reconciliations, and corporate actions management. MO teams also handle cash and collateral management, which involves monitoring cash flows, managing margin requirements, and instructing collateral movements across counterparties using SWIFT-based tools. Product Development: The Product Development team defines the product vision and strategy, ensuring alignment with business goals and customer needs. The team collaborates with cross-functional squads to deliver features and coordinate testing, quality assurance, and operational sign-offs to ensure readiness for deployment. Anti-Money Laundering (AML): The Anti-Money Laundering team is responsible for helping our clients identify and manage potential AML risks. The team works closely with the General Counsel, Compliance, and Investor Relations representatives at our clients. Day-to-day responsibilities include the management of AML documentation, monitor source of funds, manage third-party wire checks, and ensure compliance with regulatory standards. Additionally, AML supports risk assessments during onboarding and subscription processes, ensuring all alerts are reviewed and cleared promptly and serving as a point of contact for fund managers and their investors. Qualifications / Skills / Requirements: * Current undergraduate student with a graduation date of December 2027 or Spring 2028. * Minimum 3.0 GPA. * Strong analytical interpersonal, verbal and written communication skills. * Collaborative, quick learner, adaptable, enjoy solving problems, possess a strong work ethic and ability to multi-task. * A keen interest in finance and markets. In 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 $43.27 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 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). Job Level Summer Analyst Program Summer Analyst

Launch Your Career with a World-Class Summer Experience Are you ready to accelerate your growth, expand your skillset, and make a real impact at one of the world's premier financial institutions? Join Morgan Stanley's Wealth Management Summer Analyst Program-a 10-week, high-impact experience designed to provide broad exposure to the Wealth Management Home Office and develop future leaders. Program Overview: Summer Analysts join one of many dynamic teams at the heart of Wealth Management's innovation-shaping product strategy, investment solutions, digital platforms, and research that empower Financial Advisors and clients. Before joining your placement team, you'll complete a week-long training program designed to build technical skills, business knowledge, and professional connections. From day one, you'll experience Morgan Stanley's collaborative culture and take on meaningful work similar to that of a Full-Time Analyst. Placements are based in either the New York Metro area or our Wealth Management Headquarters in Purchase, NY, depending on your team's location-giving you exposure to the center of strategic decision-making in Wealth Management. Responsibilities: Responsibilities vary by group, offering exposure to multiple facets of Wealth Management. You will collaborate with your team and the broader division to create tailored solutions for clients. Potential Home Office roles include (but are not limited to): * Product Development & Management * Investment Research & Due Diligence * Analytics & Data * Field Services * Financial Wellness * Marketing * Business Development * Strategy * Portfolio Construction * Sales Engagement * Digital Strategy * Risk & Administration Qualifications: Analysts who succeed here embrace diverse assignments and create impact everywhere. We're looking for candidates who are excited to broaden their horizons-those who thrive on variety, adapt quickly, and see every placement as a chance to grow and make an impact. Additional requirements include: * Pursuing an undergraduate degree with an expected graduation date between December 2027 and June 2028 * Minimum 3.5 GPA * Basic knowledge and strong interest in finance * Analytical, results-driven, and able to multi-task * Team player with a positive attitude * Strong oral and written communication skills * Legally authorized to work in the U.S. without requiring sponsorship, now or in the future, for employment visa status Application Process & Deadlines: In order to be considered, candidates must apply with their resume through the Morgan Stanley website and complete their HireVue digital questionnaire. Resumes will be reviewed on a rolling basis until the role is filled or the application deadline, whichever comes first. Applications must be submitted by March 13, 2026 at 11:55 PM EST and HireVues completed by March 15, 2026 at 11:55 PM EST to be considered. 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. Key Message for Candidates: This program is designed for individuals who are flexible, curious, and eager to learn across multiple disciplines. Preferences are noted, business needs drive placements. Candidates should embrace the opportunity to gain diverse experiences that will prepare them for the Wealth Management Full-Time Rotational Program and future leadership roles. Job Level Summer Analyst Program Summer Analyst

Morgan Stanley is a worldwide leader in Investment Banking. We are one of the top firms in mergers & acquisitions (M&A), underwriting of equity and debt transactions. With professionals in over 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. In the United States, we have opportunities in the following cities: New York, Houston, Menlo Park and San Francisco. We are further organized by industry and product groups including Consumer Retail, Corporate Separations, Financial Institutions, Financial Sponsors, Healthcare, Industrials, Latin America, Media & Communications, Mergers & Acquisitions, Power & Energy, Private Capital Advisory, Real Estate, Shareholder Activism, Technology, Transportation. When applying, you will be prompted to identify your preferred office location(s) and banking groups. Summer Analyst Training Program Summer Analysts experience the culture and atmosphere of Morgan Stanley by taking on responsibilities of a Full Time Analyst, working on a variety of corporate transactions, and making meaningful contributions to the delivery of projects. Summer Analysts will be involved in an immersive orientation program and learn about our culture as well as the benefits and responsibilities of being a member of the Firm. In addition, Summer Analysts participate in an intensive division-specific training program focused on developing a strong foundation in the basic skills of financial analysis, accounting, and valuation. Upon conclusion of training, Summer Analysts will have an opportunity to work on a wide range of transactions in their assigned group. Summer Analysts receive continued on-the-job training throughout the program and benefit from working alongside experienced professionals during their internship. Summer Analysts have many opportunities to exchange ideas and network with peers, mentors and senior managers through team-building sessions and other organized events. Responsibilities The roles and responsibilities of a Summer Analyst vary but may include: * Analyzing detailed corporate and financial information * Creating statistical exhibits that analyze comparative financial performance * Building models to illustrate projected financial results and value to companies * Developing marketing memoranda and delivering sections of research presentation * Participating in the execution of financings and M&A transactions * Acting as the liaison for the team and other parts of the Firm Qualifications, Skills & Requirements * Pursuing an undergraduate degree with a graduation date between December 2027 and June 2028 * Minimum 3.4 GPA * Possess basic knowledge of and a keen interest in finance * Analytical, adaptive, multi-tasker and team player * Strong work ethic and leadership skills * Strong oral and written communication skills Expected base pay rates 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). Our Opportunities Office Locations: New York, Houston, Menlo Park, and San Francisco Industry Coverage Groups: Consumer Retail, Financial Institutions, Power & Energy, Healthcare, Industrials, Latin America, Media & Communications, Real Estate, Transportation, and Technology Product Groups: Corporate Separations, Mergers & Acquisitions, Financial Sponsors, Private Capital Advisory, Shareholder Activism Application Details * Applications are open from January 1, 2026 - February 15, 2026 and are reviewed on a rolling basis. Students are encouraged to apply as soon as they feel most prepared to do so. * You can select and rank up to three preferred office locations and up to three Investment Banking Division (IBD) groups. * The groups listed below are available for direct hire. If selected, you will interview directly with the group. * Financial Institutions Group * Latin America * Private Capital Advisory * Real Estate * Corporate Separations * Shareholder Activism * Houston - Power & Energy * Menlo Park - Technology * San Francisco - Financial Sponsors * San Francisco - Healthcare * San Francisco - Industrials * The groups listed below are included in the New York Generalist* program. * Consumer Retail * Financial Sponsors * Healthcare * Industrials * Media & Communications * M&A * Power & Energy * Technology * Transportation * If recruiting for The New York Generalist program, you would be eligible for a generalist offer. Group placement takes place during onboarding, prior to the start of the Summer Program, and features a structured process, complemented by educational and networking opportunities. Job Level Summer Analyst Program Summer Analyst