2027 Quantitative Investment Strategies Summer Associate Program (New York)

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 Associate Program is a 10-week program that begins with one week of classroom training, followed by 9 weeks on the desk. All interns 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. Interns will have the opportunity to broaden and strengthen their respective skillsets, collaborating with individuals across IED on meaningful projects and initiatives. Certain roles within the Institutional Equity Division require a more technical skillset. Derivatives Trading and Structuring is responsible for the generation and facilitation of liquidity, as well as innovative product and trading solutions across a variety of Derivative products, including Equity Options (both exchange- listed and over the counter), Securitized Derivatives, and Convertible Bonds. Products and services are delivered across a full range of distribution channels, including our corporate, retail, and institutional clients. 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.

Roles & Responsibilities

• Responsible for developing Quantitative Investment Strategies (QIS) within the trading room
• Utilize a technical background in finance and coding to backtest different strategies (i.e., Vol, Skew, Correlation, Trend, Carry) covering different asset classes, produce detailed risk analyses for clients and assist in marketing these strategies through performance updates based on market situations

Qualifications/Skills/Requirements

• Pursuing a Master's degree with a technical proficiency in areas such as Mathematics, Statistics, Physics, Computer Science, and Engineering graduation date between December 2027 - Spring 2028
• Comfortable applying statistical analysis and deriving value from data
• Enjoy solving complex problems that require deep analytical reasoning and quantitative analysis
• Familiar with coding languages such as Python, Q, R, SQL, or VBA
• Strong verbal and written communication skills
• 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

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 rate(s) for the role will be $72.12 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.