2027 Investment Management Summer Analyst Program - Fixed Income (Boston)

Morgan Stanley Campus • Boston, MA

1d • Onsite

About The Position

Morgan Stanley Investment Management (MSIM), together with its investment advisory affiliates, has more than 1,300 investment professionals worldwide and $2 trillion in assets under management or supervision as of June 30, 2026. MSIM strives to provide strong long-term investment performance, outstanding service, and a comprehensive suite of investment management solutions to a diverse client base worldwide.

The Investment Management Summer Analyst Program is a 10-week program starting in June. It includes one week of training in New York, NY, followed by nine weeks working within a specific Investment Management team in Boston, MA. The curriculum is designed to provide Summer Analysts with fundamental skills for success in Investment Management. Participants experience Morgan Stanley’s culture and atmosphere while performing work similar to that of a Full-Time Analyst.

The High Yield internship is intended for talented individuals pursuing an undergraduate degree in a related field who have demonstrated an interest in financial markets, economics, and/or international affairs. Interns provide research assistance by working with portfolio managers, analysts, and operations associates.

Requirements

• Pursuing a bachelor's degree with an expected graduation date between December 2027 and June 2028.
• Strong academic record and extracurricular achievements.
• Outstanding oral and written communication skills.
• Strong Excel skills.
• Experience modeling corporate financial statements, including income statements, balance sheets, and cash flow statements; preferably from a credit perspective.
• Ability to function reliably and independently with a high degree of accuracy and attention to detail.
• Understanding of corporate bond and equity markets.
• Demonstrated interest in financial markets, economics, and/or international affairs.

Responsibilities

• Support portfolio managers, high yield analysts, and research associates in their daily work.
• Analyze industry fundamentals and outlooks and conduct in-depth fundamental research on individual companies’ business models, operating strategies, and outlooks.
• Participate in daily investment team meetings and company reviews called in response to primary issuance or secondary-market opportunities.
• Build and maintain proprietary financial models using company filings, such as 10-Ks and 10-Qs, and other data sources, including Bloomberg, S&P Capital IQ, and industry-specific information providers.
• Create spreadsheets and macros that compile information from multiple spreadsheets and databases into unified reports.
• Work on special projects within the High Yield Department, such as optimizing and screening investment opportunities, assessing portfolio risk exposure, and compiling regulatory information.
• Perform additional assignments as requested.

What This Job Offers

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