MS
Programme
Internship
Location
London
Duration
Six months
About the role
Six-month London internship in Morgan Stanley’s Fixed Income Research Division, offering experience comparable to a full-time Analyst role. Interns rotate across projects involving fixed-income recommendations, valuation and trading models, asset allocation research, research production, technology-enabled analysis, and collaboration with Sales & Trading. The program is intended for recent graduates.
Role and Coverage
- Work in Morgan Stanley’s Fixed Income Research Division at its European Headquarters in London.
- Support investment strategy research across interest rates, currencies, emerging markets, corporate credit, and securitized products.
- Take on responsibilities comparable to those of a full-time Analyst during the internship.
Responsibilities
- Develop fixed-income investment recommendations using market fundamentals and technical research.
- Help create models identifying short-term asset dislocations and potential market mispricing.
- Investigate solutions for clients’ longer-term asset allocation challenges.
- Use technology, including AI, to strengthen financial analysis and research impact.
- Assist with day-to-day production of research content.
- Discuss market colour and incoming data with Sales & Trading colleagues.
Training and Projects
- Receive on-the-job training while working alongside experienced professionals on varied projects.
- Complete a specific project during each rotation, such as developing trade ideas or valuation models.
- Present each rotation project to the research team at its conclusion.
- Participate in broader projects designed to improve understanding, productivity, and desk efficiency.
Requirements
- Have an excellent academic background and strong analytical and numerical skills.
- Be comfortable working with financial data and performing under pressure against tight deadlines.
- Demonstrate commitment to high professional and ethical standards.
- Communicate complex ideas clearly and summarise them effectively.
- Be a proven team player able to manage a wide range of responsibilities.
- Have graduated from a Bachelor’s or Master’s degree within the last year, or be due to complete studies in 2027.