2027 Investment Banking & Global Capital Markets Strats Summer Associate Program (New York)

Strats Summer Associate (Investment Banking & Global Capital Markets)

Morgan Stanley is a worldwide leader in investment banking, recognized for performance in traditional and innovative financing solutions, including mergers & acquisitions (M&A), equity underwriting, corporate debt issuance, and high-yield debt financing. With professionals in 30 countries, we help clients around the world make decisions about business strategy and financial structure.

Our New York City office is seeking Strats Summer Associates for the Investment Banking and Global Capital Markets Divisions. The role combines financial engineering, mathematical modeling, and computer science to conduct rapid quantitative analysis on capital markets transactions (including pitches and live execution such as debt and equity issuance, M&A, and restructuring), while optimizing complex hedging strategies for internal and external clients.

Program Overview

• 10-week in-person program at Morgan Stanley headquarters in New York.
• Placement in either the Investment Banking Division (IBD) or Global Capital Markets (GCM) Strats Group.
• Summer programming includes regular sessions hosted by Firm representatives covering accounting, industry and product-specific training, an introduction to Morgan Stanley proprietary analytical tools, and an overall introduction to the Firm.
• Mentors to support your development and provide increased exposure to IBD or GCM.
• Flat structure experience with early responsibility in your career.

Responsibilities

Responsibilities may include, but are not limited to:

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

Qualifications

• Graduate student in Financial Engineering, Mathematics, Applied Mathematics, Physics, Statistics, Quantitative Finance, Computer Science, Electrical Engineering, Economics, or a related quantitative discipline.
• Completing your degree in December 2027 through June 2028.
• Keen interest in financial markets.
• Strong quantitative skills and programming ability in a major language.
• Outstanding verbal and written communication skills.
• Ability to work with urgency while maintaining attention to detail.
• Drive and desire to work in a team-oriented environment.
• Working knowledge of Q/KDB, Python, Java, or Scala, and a desire to learn new techniques.

Process Details

• Applications will be reviewed on a rolling basis; candidates are encouraged to submit as soon as they feel ready.
• Candidates selected to progress to an interview will be evaluated for both the Investment Banking and Global Capital Markets Divisions; final divisional placement will be communicated later.
• Your divisional preference may be taken into consideration.
• Expected base pay rate at commencement of employment: $72.12 per hour. Base pay is only part of the total compensation package, which may also include discretionary bonuses and other Morgan Stanley sponsored benefit programs.