Associate, Banking

Morgan Stanley•New York, NY

About The Position

Morgan Stanley & Co. LLC is seeking an Associate, Banking in New York, New York, within the Investment Banking division. The role provides financial advisory services to clients on mergers and acquisitions and develops transaction structures that address client concerns. It coordinates stakeholders through due diligence using the Firm’s proprietary processes and conducts financial and valuation analyses, including discounted cash flow, comparable companies, precedent transactions, leveraged buyouts, and merger modeling. The Associate also prepares transaction marketing materials, supports senior stakeholders with investor outreach, and applies experience with cross-border transactions.

Requirements

Bachelor’s degree in Economics, Finance, Business Administration, or a related field of study.
Two years of experience in the position offered, as an Analyst, or in a closely related occupation.
Two years of experience applying accounting principles to analyze income statements, balance sheets, cash flow statements, working capital, revenue trends, profitability, and leverage.
Two years of experience analyzing capital structure, cost of capital, financing alternatives, shareholder value creation, and transaction rationale.
Two years of experience performing valuation analyses using discounted cash flow, discounted equity value, public company trading comparables, precedent transaction, leveraged buyout, and sum-of-the-parts methodologies.
Two years of experience preparing merger models to assess pro forma ownership, accretion and dilution, purchase accounting adjustments, transaction synergies, financing assumptions, and impact on earnings, leverage, and credit metrics.
Two years of experience drafting confidential information memorandums, management presentations, and teasers.
Two years of experience using Excel formulas, data tables, sensitivity analysis, scenario analysis, financial model auditing, and data organization techniques.
Two years of experience preparing financial analysis, valuation summaries, transaction overviews, board materials, and presentations with PowerPoint.
Two years of experience using virtual data room platforms, including Intralinks and Datasite.
Two years of experience using S&P Capital IQ, Bloomberg, Mergermarket, and Deal Point Data.

Responsibilities

Provide financial advisory services related to mergers and acquisitions to clients.
Create transaction structures that address key client concerns.
Coordinate various parties to ensure the due diligence process, using proprietary Firm processes.
Perform financial and valuation analyses, including discounted cash flow, comparable companies, precedent transaction analysis, leveraged buyout analysis, and merger modeling.
Prepare marketing materials, including teasers, confidential investment memorandums, and management presentations.
Support senior stakeholders with investor outreach.
Leverage experience with cross-border transactions.