Equity Research – Analyst/Associate, Airlines & Freight Transportation (New York)
About The Position
Morgan Stanley Investment Research is seeking an experienced Analyst/Associate member to join our Airlines & Freight Transportation team in New York City. The Equity Research department is responsible for researching macroeconomic and microeconomic conditions, along with company fundamentals. It also collects and analyses financial information to make investment recommendations on stocks in specific sectors. Research analysts build financial models to explore alternative scenarios, examine industries and communicate with companies and investors. Equity Research team members discuss their analysis and investment recommendations in research notes. A career in investment research at Morgan Stanley demands a commitment to excellence and a passion for the markets as well as the highest level of integrity. The Airlines & Freight Transportation research team covers 30+ stocks across airlines, rails, trucking, parcels, and logistics. The team is known for differentiated, out-of-consensus views that balance timely tactical calls with deep thematic research, including work on technology-driven disruption such as autonomous trucks, drones, eVTOLs, and freight digitization, supported by a highly developed data and modeling platform.
Requirements
- Ideally 1-2 years of professional experience in equity research or investment banking
- Proven experience using Excel to build and maintain financial models; advanced Excel proficiency is required
- Strong written and verbal communication skills, with the ability to present analysis clearly, defend conclusions, and contribute positively in client-facing discussions
- Demonstrated interest in public markets and a genuine curiosity about what drives stock performance, investor debates, and valuation
- Comfort adopting AI-enabled tools and new technologies to improve research efficiency, with the judgment to verify outputs, protect data integrity, and apply tools appropriately
- Demonstrated attention to detail and commitment to accuracy
- Ability to adapt quickly and work well under pressure
- High EQ, strong personal drive, energy, creativity, intellectual curiosity, organizational discipline, and a team-oriented mindset
- Ability to think independently, develop differentiated views, and operate with a self-starter mentality
Nice To Haves
- Experience or sector knowledge in airlines and/or freight transportation is highly desirable
- Experience with Python is a plus but not required
- CFA designation, or progress toward CFA is a plus but not required
Responsibilities
- Create and maintain financial, valuation, and industry models, leveraging skills in accounting, finance, and economics
- Translate company, industry, consumer, market, and alternative data into insightful research reports with clear investment debates, differentiated conclusions, and actionable stock calls
- Develop and maintain relationships with management and investor relations teams of companies under coverage, industry specialists, and other key leaders of opinion
- Engage with institutional investors by responding to in-depth questions, addressing bespoke requests, discussing companies and investment theses, and helping communicate the team’s highest-conviction views
- Support internal sales and trading teams with timely analysis of sector breaking news and relevant industry developments
- Adopt and apply AI-enabled research tools judiciously to accelerate information gathering, model maintenance, data analysis, and workflow execution while maintaining analytical rigor, source verification, data integrity, and quality control
- Conduct industry diligence and primary research through surveys, expert conference calls, and channel checks to evaluate industry trends and their implications for companies under coverage
- Collaborate with cross-functional teams to produce larger industry and thematic reports
Benefits
- Ample opportunity to move about the business for those who show passion and grit in their work
- Support employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
No Education Listed
