MSIM- High Yield Research- Analyst

Morgan Stanley • Boston, MA

81d • $100,000 - $110,000

About The Position

The Investment Management Analyst Program in the Fixed Income High Yield group typically runs five years and is intended for talented graduates who possess a strong interest in financial markets. The program begins with extensive training designed to equip Analysts with the fundamental skills they need to be successful in investment management. The Analyst will support industry coverage and portfolio management workflows within the High Yield group's investment team. Successful Analysts will gain substantial job responsibility and may progress to the Associate level during the program. Progression beyond the five-year program is dependent on staffing needs. This position offers an unparalleled opportunity to influence investment decision-making while learning directly from experienced portfolio managers, analysts, and operations team members. The High Yield department manages $26.4 billion as of March 31, 2025. Members of the High Yield research team contribute to idea generation by conducting thorough fundamental research and relative value analysis. Research is organized by industry specialization with each Senior Analyst covering high-yield companies within two to four industries. When pertinent, members of the High Yield Group work closely with analysts from MSIM's equity, leveraged loan, global income, and investment grade teams.

Requirements

• A bachelor's degree and approximately 0-2 years of relevant work experience.
• Strong academic record combined with extracurricular achievements.
• Outstanding oral and written communication skills.
• Strong Excel skills; experience modeling corporate financial statements, preferably from a credit perspective.
• The ability to function reliably and independently with a high degree of accuracy and attention to detail.
• Understanding of the corporate bond and equity markets.

Responsibilities

• Assist Senior High Yield Analysts and Portfolio Managers in their evaluation of potential investment opportunities, including analysis of industry fundamentals and conducting in-depth fundamental research on individual company business models.
• Build and maintain proprietary financial models from data obtained from company filings and other data sources.
• Prepare detailed initiation of coverage research reports and periodic updates.
• Take part in due diligence meetings with management teams.
• Participate in daily investment team meetings, company reviews, and industry reviews.
• Work on special projects and assignments for the High Yield Team.
• Responsibility increases are based on merit and investment performance.

Benefits

• Comprehensive employee benefits and perks.
• Opportunities for career advancement within the company.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Securities, Commodity Contracts, and Other Financial Investments and Related Activities
• Education Level: Bachelor's degree
• Number of Employees: 5,001-10,000 employees