Equity Research Associate - Softlines/Apparel/Footwear
About The Position
Morgan Stanley is seeking an Associate-level individual to join their Specialty Softline, Department Store, and Branded Apparel & Footwear team in New York City. This role will cover a wide variety of retailers & brands, including Lululemon, Nike, Macy’s, TJ Maxx, & Revolve. The Equity Research department is responsible for researching macroeconomic and microeconomic conditions, along with company fundamentals. It also collects and analyzes financial information to make investment recommendations on stocks in specific sectors. Research analysts build financial models to explore alternative scenarios, examine industries, and arrive at investment theses that they communicate with companies and investors. Equity Research team members discuss their analyses and investment recommendations in written research reports and presentations. A career in investment research at Morgan Stanley demands a rigorous analytical skill set, a passion for the markets and/or coverage industry, curiosity, and a willingness to collaborate.
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, but not a large component of the everyday work.
- 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
- Ample opportunity to move about the business for those who show passion and grit in their work.
- Attractive and comprehensive employee benefits and perks in the industry.
- Support for employees and their families at every point along their work-life journey.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
No Education Listed
