Fixed Income Research Analyst – Municipal Bonds

MFS Investment Management • Boston, MA

2d • Hybrid

About The Position

The Fixed Income Research Analyst will identify and evaluate investment opportunities that can add value across the MFS municipal bond platform through fundamental credit research and relative value analysis. The role involves researching municipal issuers and sectors, analyzing financial and security information, developing investment recommendations, and working with portfolio managers, traders, and other investment professionals. Experience analyzing high-yield municipal securities is a plus.

Requirements

• Bachelor's degree in a relevant field.
• Strong analytical and financial modeling skills, including the ability to evaluate complex financial statements, security structures, and relative value.
• Excellent written and verbal communication skills, with the ability to synthesize complex information into clear, actionable investment recommendations.
• Intellectual curiosity, independent judgment, and the ability to manage multiple priorities in a demanding environment.
• Strong collaborative skills and a demonstrated willingness to contribute to team development and continuous process improvement.

Nice To Haves

• Experience analyzing high-yield municipal securities.
• MBA, CFA, or other relevant advanced degree.

Responsibilities

• Conduct independent fundamental research on municipal issuers and sectors, including analysis of financial statements, offering documents, rating agency reports, and broader industry trends.
• Identify and evaluate investment opportunities through fundamental credit analysis, relative value assessment, and consideration of security structures, market conditions, and risk/reward characteristics.
• Build and maintain financial models and prepare concise written investment reports that synthesize research findings and support investment recommendations.
• Communicate investment views and recommendations to portfolio managers, traders, and other members of the investment team.
• Collaborate with investment professionals to identify opportunities, assess market developments, and contribute to broader portfolio strategies.
• Identify and implement improvements to research processes, analytical tools, and team workflows to enhance the quality and efficiency of investment decision-making.

Benefits

• Incentive compensation based on individual and company performance.
• MFS contributes an amount equal to 15% of base salary to the employee's retirement account, separate from the company-sponsored 401(k).
• Education assistance of $100 monthly, up to a $10,000 lifetime maximum, contributed directly to a loan provider.
• Tuition reimbursement up to $8,000 annually.
• Access to discounted tutors and college coaches.
• Generous time off and fully paid leaves, including 20 weeks for maternity leave and 12 weeks for parental and caregiver leaves.
• Choice of medical and dental plans, plus an employer contribution to a Health Savings Account.
• Tax-deferred commuter benefits and flexible spending accounts for medical and dependent care.
• Wellness programs, including wellness webinars, an employee assistance program focused on mental health, a subsidized fitness benefit through Wellhub, virtual personal training, and well-being apps.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level