Equity Research Associate - Rotational Program

Job DescriptionWe are seeking Analyst/Associate-level individuals with Equity Capital Markets, Investment Banking, and/or Corporate Finance backgrounds to join our Equity Research Department in New York City.The primary responsibilities are but are not limited to:• Creation and maintenance of Salesforce education decks, including company overviews, investment positives and concerns, competitive landscape, financial metrics, and valuation leveraging skills in accounting, finance and economics.• Write research reports for initiations of coverage, analysis of data, earnings results, and industry news.• Interact with institutional investors, respond to requests for models and data analysis.• Keep abreast of industry-related news flow. Analyze implications of news/industry developments to companies under coverage.• Develop and maintain relationships with investor relations personnel and management of companies under coverage.• Conduct industry diligence and primary research through surveys, expert conference calls, and various channel checks to evaluate industry trends.• Assist internal sales and trading teams in the timely analysis of breaking news.• Adopt and apply AI-enabled research tools judiciously to accelerate information gathering, model maintenance, data analysis, and workflow execution while maintaining analytical rigor, source verification, and quality control• Write research reports on private companies, initiations of coverage for public companies, analysis of data, earnings results, and industry news.Qualifications• The candidate will have 1-5 (ideally 2 or more) years of professional experience in Equity Capital Markets and/or Investment Banking• Experience utilizing Excel to Build / Maintain Financial models, a strong level of excel proficiency is expected and required• Experience writing in a professional capacity, e.g. correspondence, presentation and/or development of industry reports• Strong PowerPoint skills are required• Expected to be adaptable and have the ability to work well under pressure• Strong attention to detail is a must• Background covering the Tech Sector or other emerging growth verticals is preferred• CFA and/or CPA is a plusWHAT 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 $150,000 and $200,000 per year for Associate, 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 is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.For more information, please visit: .Employment Type:Full timeJob Level:ProfessionalPosted Date:Jul 30, 2026ATS Job Description Test:Department:Research