2026 Fixed Income Summer Analyst Program (San Francisco)

Morgan Stanley • San Francisco, CA

338d • $52

About The Position

The Fixed Income Summer Analyst Program is a 10-week program consisting of one week of classroom training, followed by multiple sales rotations across Fixed Income. Rotations may include Global Credit & Municipals, Securitized Products, Emerging Markets and Interest Rates. Summer Analysts receive on-the-job training, benefit from working alongside experienced professionals on meaningful projects, and build their skillsets in a dynamic and evolving environment. In addition, the program features engagement with senior leadership, desk teach-ins, networking events, community service, performance reviews, and a robust mentorship program. Summer Analysts begin with a one-day orientation where they are introduced to the Firm's businesses and learn what it's like to be an employee at Morgan Stanley. Fixed Income Summer Analysts then attend Sales & Trading division-specific training where they learn core skills essential for success. The curriculum includes daily market updates, business-specific overviews, and basic product and technical training.

Requirements

• You are pursuing an undergraduate Bachelor's degree or pursuing a 1-Year Master's degree with a graduation date of December 2026 or Spring 2027.
• Minimum 3.0 GPA.
• While no prior knowledge of finance or sales & trading is required, you must have a keen interest in finance and markets.
• You are analytical, adaptive, possess a strong work ethic, are a leader yet team player, as well as a multi-tasker.
• You possess strong oral and written communication skills.

Responsibilities

• Understand how a client base is developed and maintained.
• Create investment ideas.
• Learn how we sell and cross-sell the Firm's products.
• Represent the Firm when interfacing with clients on important business issues.

Benefits

• Expected base pay rates for the role will be $52.89 per hour at the commencement of employment.
• Total compensation package may include commission earnings, incentive compensation, discretionary bonuses, and other Morgan Stanley sponsored benefit programs.

What This Job Offers

• Career Level: Intern
• Industry: Securities, Commodity Contracts, and Other Financial Investments and Related Activities
• Education Level: Bachelor's degree
• Number of Employees: 5,001-10,000 employees