MSIM- High Yield Research- Analyst

Morgan Stanley • Boston, MA

4d

About The Position

Morgan Stanley Investment Management (“MSIM”), together with its investment advisory affiliates, has more than 1,100 investment professionals around the world and $1.6 trillion in assets under management or supervision as of March 31, 2022 . MSIM strives to provide strong long-term investment performance, outstanding service, and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations, and individuals worldwide. General Description 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 (income statements, balance sheets, and cash flow 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.
• analysis of industry fundamentals and outlooks
• conducting in-depth fundamental research on individual company business models, operating strategies and outlooks.
• Build and maintain proprietary financial models from data obtained from company filings (e.g., 10-Ks, 10-Qs) and other data sources (e.g., Bloomberg, S&P Capital IQ, industry-specific information providers).
• 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 (often occurring as a result primary issuance or a secondary market opportunity) and industry reviews.
• Work on special projects and assignments for the High Yield Team.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 5,001-10,000 employees