MS
Programme
Internship
Location
New York City, NY
Duration
Approximately six months, from January through June 2027.
Deadline
2026-09-20
About the role
Morgan Stanley’s Institutional Equity Co-Op places students on an Institutional Equity or Prime Brokerage desk for approximately six months. Co-ops support institutional and hedge-fund clients through sales, capital markets, client coverage, research, derivatives clearing, finance analytics, consulting, and related market-facing activities in New York.
Placement and Desk Options
- Work full-time and in person on an Institutional Equity or Prime Brokerage desk for approximately six months.
- Potential placements include Institutional Equity Sales, Prime Brokerage Sales, Capital Introductions, Consulting, and Client Coverage.
- Other placements include Prime Brokerage Content, Derivatives Clearing, and Prime Brokerage Finance & Analytics.
Responsibilities
- Deliver research, market insights, and actionable investment ideas tailored to institutional clients’ portfolios and priorities.
- Support equity capital markets transactions, including IPOs, follow-ons, block offerings, and related investor feedback.
- Connect clients with Corporate Access, Trading, Derivatives, Prime Brokerage, Research, and other firm resources.
- Support hedge-fund client service, risk monitoring, operational oversight, and strategic Prime Brokerage projects.
- Analyze hedge-fund positioning, leverage, trading behavior, market technicals, crowding risks, and potential sources of alpha.
- Provide financial analytics, profitability insights, treasury support, balance-sheet optimization, and business-performance reporting.
Application Process
- Applicants rank the available desks by preference and may interview for more than one desk.
- Applications require a resume submitted through Morgan Stanley’s website and completion of a HireVue assessment.
- Applications are reviewed on a rolling basis, and students are encouraged to apply as soon as ready.