2027 Institutional Equity Strats Summer Associate Program (New York)

Morgan Stanley Campus•New York, NY

18h•Onsite

About The Position

The Institutional Equity Strats Summer Associate Program is an intensive 10-week program designed to provide Summer Associates with hands-on experience working alongside full-time professionals on quantitative projects. The program includes a senior speaker series, product area training, networking events, and community service, offering a comprehensive understanding of a long-term career at the Firm. It begins with a week-long introductory training covering market knowledge, finance, coding, and product specifics, followed by individualized on-the-job training. Summer Associates are supported by a direct manager and a program mentor.

Requirements

Pursuing a PhD or Master's degree in Financial Engineering, Mathematics, Financial Math, Physics, Statistics, Engineering, Quantitative Finance, Computer Science, or other related quantitative field.
Completing degree between December 2027 and June 2028.
Excellent programming skills in C++, Java, Matlab, Python, R, or Scala.
Strong mathematical academic training.
Keen interest in financial markets.
Drive and desire to work in an intense team-oriented environment.
Excellent decision-making abilities.
Strong communication skills.

Responsibilities

Leverage technical expertise in statistical analysis, applied mathematics, computer science, and computational finance to solve complex mathematical problems in trading platforms, market making, and derivative structuring, pricing, and risk management.
Create data and analytical decision-making tools.
Conduct analysis and present research ideas.
Develop supporting frameworks and workflows.
Deliver valuation and risk management systems.
Work within one of three groups: Derivatives (pricing, risk management, trading optimization), Delta One (cash products, data tools, analysis, valuation, risk management), or Quantitative Research (designing, building, and maintaining equity trading models).