Footwear

Morgan Stanley•New York, NY

36d•Onsite

About The Position

Morgan Stanley Investment Research is seeking an Associate-level individual to join their Specialty Softline, Department Store, and Branded Apparel & Footwear team in New York City. This role involves covering a wide variety of retailers and brands, including Lululemon, Nike, Macy’s, TJ Maxx, and Revolve. The department is committed to being an essential part of clients' investment processes by understanding the buy side, identifying investor debates, assessing potential outcomes, and uncovering evidence for investment decisions. Equity Research analysts build financial models, examine industries, and develop investment theses, communicating these through written reports and presentations. A career in this field requires strong analytical skills, market passion, curiosity, and collaboration.

Requirements

3+ years of professional experience in Equity Research, Investment Banking, Capital Markets, and/or the retail industry.
Experience utilizing Excel to build and/or maintain financial models; an advanced level of Excel proficiency is ideal.
Experience writing in a professional capacity (e.g. crafting equity research notes/correspondence); presentation and/or development of industry reports.
PowerPoint skills are required.
Expected to be adaptable, open to exploring multiple solutions to a question, and have the ability to work well under pressure/quick-turnaround deadlines.
Strong attention to detail is a must.

Nice To Haves

Retail sector experience is a plus.
Accounting experience is a plus.
CFA is a plus.

Responsibilities

Create and maintain earnings, valuation, and industry models leveraging skills in general data analysis, accounting, finance, and economics.
Write research reports for initiations of coverage, quarterly earnings results, company announcements, industry news, & industry-wide themes/trends.
Collaborate with US & global teams across sectors on written reports or presentations on themes/trends that are relevant across industries and geographies.
Service and develop relationships with institutional investors: respond to requests for data analysis, models, and relevant published research, as well as host events/calls as needed.
Keep abreast of industry-related news flow and themes/trends: analyze implications of news/industry developments to companies under coverage.
Develop and maintain relationships with investor relations personnel and management of companies under coverage.
Conduct industry diligence and primary research through surveys, expert conference calls, and various channel checks to evaluate industry trends.
Assist internal sales and trading teams in the timely analysis of breaking news in the sector and how it impacts stock movements and investment theses across covered companies.
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, and quality control.

Benefits

Comprehensive employee benefits and perks in the industry.
Opportunity to work alongside the best and the brightest.
Supported and empowered environment.
Ample opportunity to move about the business for those who show passion and grit in their work.

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