2027 Investment Management Summer Analyst Program - Fixed Income (Boston)

Morgan Stanley Investment Management ("MSIM"), together with its investment advisory affiliates, has more than 1,300 investment professionals worldwide and $2 trillion in assets under management or supervision as of June 30, 2026. Morgan Stanley Investment Management strives to provide strong long-term investment performance, outstanding service, and a comprehensive suite of investment management solutions to a diverse client base, including governments, institutions, corporations, and individuals worldwide

General Description

The Investment Management Summer Analyst Program is a 10-week program starting in June. The program consists of one week of training in New York, NY and nine weeks working within a specific IM team in Boston, MA. Across all IM teams, the curriculum is designed to equip Summer Analysts with the fundamental skills they need to be successful in IM. During the 10-week program, Summer Analysts experience the culture and atmosphere of Morgan Stanley by performing a role similar to a Full-Time Analyst.

The High Yield internship program is intended for talented individuals pursuing an undergraduate degree in a related field. Successful candidates have demonstrated interest in financial markets, economics and/or international affairs. Interns in the High Yield group will provide the department with research assistance by working with portfolio managers, analysts, and operations associates.

Primary Responsibilities

1. Support portfolio managers, high yield analysts and research associates in their daily work. At a high-level, this includes:
2. (i) analysis of industry fundamentals and outlooks, and
3. (ii) conducting in-depth fundamental research on individual company business models, operating strategies and outlooks.
4. Participate in daily investment team meetings and company reviews called in response to primary issuance or a secondary market opportunity.
5. Build and maintain proprietary financial models from data contained in company filings (e.g., 10-Ks, 10-Qs) and other data sources (e.g., Bloomberg, S&P CapitalIQ, industry-specific information providers).
6. Create spreadsheets and macros that compile information from multiple spreadsheets and databases into unified reports.
7. Work on special projects within the High Yield Department (e.g., optimizing and screening investment opportunities; assessing portfolio risk exposure; compiling regulatory information).

Perform additional assignments as requested.

Job Requirements

• Pursuing a Bachelor's degree with an expected graduation date between December 2027 and June 2028
• Strong academic record and extracurricular achievements
• Outstanding oral and written communication skills
• Strong Excel skills
• Experience modeling corporate financial statements (income statements, balance sheets, and cash flow statements), preferably from a credit perspective
• The ability to function reliably and independently with a high degree of accuracy and attention to detail
• Understanding of the corporate bond and equity markets

Application Process and Deadline

In order to be considered, candidates must apply with their resume through the Morgan Stanley website and complete their HireVue digital questionnaire. Resumes will be reviewed on a rolling basis until the role is filled or the application deadline, whichever comes first.

Expected base pay rates for the role will be $52.89 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.