2027 Investment Management Summer Analyst Programme - Fixed Income (London)

About the role

Ten-week summer internship in Morgan Stanley Investment Management’s High Yield team within Fixed Income. Interns support portfolio managers, analysts, and operations associates through fundamental research, financial modelling, investment opportunity screening, portfolio risk assessment, and market-related projects while receiving classroom, team-specific, networking, and practical training in London.

Responsibilities

• Support portfolio managers, high-yield analysts, and research associates with daily investment team activities.
• Analyse industry fundamentals, outlooks, company business models, operating strategies, and individual investment opportunities.
• Participate in investment team meetings and company reviews responding to primary issuance or secondary-market opportunities.
• Build and maintain financial models using company filings, Bloomberg, S&P Capital IQ, and industry data sources.
• Create spreadsheets and macros combining information from multiple spreadsheets and databases into unified reports.
• Complete special projects involving investment screening, portfolio risk exposure, and regulatory information.

Programme and Training

• The London-based Summer Analyst Programme lasts 10 weeks and begins with training in June.
• Complete one week of intensive classroom training introducing Morgan Stanley and the asset management industry.
• Receive team-specific training, business-speaker sessions, practical sessions, networking, and on-the-desk experience.

Requirements

• Pursue an undergraduate or master’s degree with a minimum 2.1 classification.
• Expected graduation date must be between December 2027 and July 2028.
• Demonstrate keen interest in financial markets, economics, and/or international affairs.
• Communicate effectively in English and collaborate with colleagues across Morgan Stanley Investment Management.
• Work independently as a self-starter while remaining driven, motivated, and results-focused.
• Manage time efficiently, multitask, maintain strong organisation, and work accurately under tight deadlines.

Application Process

• Applications are reviewed on a rolling basis, so candidates are encouraged to apply as soon as possible.
• Response times may vary because of application volumes; updates are provided by email after decisions are reached.
• Requests to accelerate the application process cannot be accommodated.