Equity Research Associate - Media & Entertainment

Role Overview Morgan 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. The Equity Research department is responsible for researching macroeconomic and microeconomic conditions, along with company fundamentals. It also collects and analyses financial information to make investment recommendations on stocks in specific sectors. Research analysts build financial models to explore alternative scenarios, examine industries and communicate with companies and investors. Equity Research team members discuss their analysis and investment recommendations in research notes. A career in investment research at Morgan Stanley demands a commitment to excellence and a passion for the markets as well as the highest level of integrity. We are currently seeking a junior Analyst or Associate‑level team member to join our Media & Entertainment / Cable & Telco team. Responsibilities Create and maintain financial and industry models, leveraging skills in accounting, finance, and economics. Assist in writing research reports for initiations of coverage, analysis of data, earnings results, and industry news. Monitor industry‑related news flow and analyze implications for 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. Collaborate with cross‑functional teams to produce larger industry reports. Leverage all available resources to generate differentiated insights for writing research reports (company‑specific or industry). Support internal sales and trading teams with timely analysis of sector breaking news. Engage with institutional investors, responding effectively to in‑depth questions and bespoke requests. Qualifications At least 2 years of professional experience in equity research, or investment banking. Experience using Excel to build and maintain three‑statement financial models; advanced Excel proficiency is required. Professional writing experience, including crafting equity research notes and developing industry reports. Strong attention to detail is a must. Ability to adapt quickly and work well under pressure. High EQ, strong personal drive, energy, creativity, curiosity, organization, and a team‑oriented mindset. Strong PowerPoint skills are preferred. CFA is a plus. Compensation 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. Base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which may also include commission earnings, incentive compensation, discretionary bonuses, other short and long‑term incentive packages, and other Morgan Stanley sponsored benefit programs. Equal Employment Opportunity Statement 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. #J-18808-Ljbffr