Equity Research - Associate, Softlines/Apparel/Footwear (New York)

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, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.ResearchMorgan Stanley Investment Research is uniquely committed to being an essential part of our clients' investment process. We strive to be the sell-side research provider that best understands the buy side. Through relevant and timely conversations with leading investors, we focus resources on risk-reward essentials: identifying the investor debates, assessing the potential outcomes, and uncovering the evidence our clients need to validate their investment decisions. Our equity analysts cover some 3,000 stocks; our economists, strategists and fixed income analysts cover all major regions and other asset classes around the globe.Equity ResearchThe Equity Research department is responsible for researching macroeconomic and microeconomic conditions, along with company fundamentals. It also collects and analyzes financial information to make investment recommendations on stocks in specific sectors. Research analysts build financial models to explore alternative scenarios, examine industries, and arrive at investment theses that they communicate with companies and investors. Equity Research team members discuss their analyses and investment recommendations in written research reports and presentations. A career in investment research at Morgan Stanley demands a rigorous analytical skill set, a passion for the markets and/or coverage industry, curiosity, and a willingness to collaborate.We are seeking an Associate-level individual to join our SpecialtySoftline, Department Store, and Branded Apparel & Footwear team in New York City, covering a wide variety of retailers & brands, including Lululemon, Nike, Macy’s, TJ Maxx, & Revolve, among others.The primary responsibilities are but are not limited to:• Create and maintain earnings, valuation, and industry models leveraging skills in general data analysis, accounting, finance, and economics.• Write research reports for initiations of coverage, quarterly earnings results, company announcements, industry news, & industry-wide themes/trends.• Collaborate with US & global teams across sectors on written reports or presentations on themes/trends that are relevant across industries and geographies.• Service and develop relationships with institutional investors: respond to requests for data analysis, models, and relevant published research, as well as host events/calls as needed.• Keep abreast of industry-related news flow and themes/trends: 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 in the sector and how it impacts stock movements and investment theses across covered companies.• 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• The candidate should have 3+ years of professional experience in Equity Research, Investment Banking, Capital Markets, and/or the retail industry.• Experience utilizing Excel to build and/or maintain financial models; an advanced level of Excel proficiency is ideal.• Experience writing in a professional capacity (e.g. crafting equity research notes/correspondence); presentation and/or development of industry reports.• PowerPoint skills are required, but not a large component of the everyday work.• Expected to be adaptable, open to exploring multiple solutions to a question, and have the ability to work well under pressure/quick-turnaround deadlines.• Strong attention to detail is a must.• Retail sector experience is a plus.• Accounting experience is a plus.• CFA 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 $110,000 and $125,000 per year for Analyst, and 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:Aug 17, 2026ATS Job Description Test:Department:Research