Municipal Research Analyst - MSIM - Analyst

Morgan Stanley • Boston, MA

2d • $90,000 - $175,000

About The Position

Overview: 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 December 31, 2021. Morgan Stanley Investment Management 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. Basic Purpose: Provides research and analytical support to Municipal Credit Analysts and Portfolio Managers. Work closely with Senior Analysts to research new investment ideas and help monitor existing investments in assigned market sectors. The Research Professional is expected to develop independence as their experience and skill related to assigned responsibilities dictates. Over time, the Research Professional should be able to offer independent analysis and recommendations on specific investments and be a significant contributor to the Municipal team’s investment decision making process. At the end of the 3 year program, and based on performance, a candidate may be offered a permanent position as a Research Associate. Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees. It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law. Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet). WHAT YOU CAN EXPECT FROM MORGAN STANLEY: At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work. To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser. Expected base pay rates for the role will be between $90,000 and $175,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs. Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees. It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law. Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).

Requirements

• Bachelor’s degree required with a strong academic record.
• Extremely strong Excel skills, quantitative skills (Python, SQL or R preferred) a plus.
• Excellent verbal, written and interpersonal communication skills are essential.
• Ability to work well independently and as a member of a team—including the ability to be flexible and adaptable.
• May plan to attend Business School in 3 – 5 years.

Nice To Haves

• Relevant experience or demonstrated interest in investment analysis a plus.
• Encouraged to enroll in CFA Program.

Responsibilities

• Support senior analysts by conducting research and analysis on individual municipal issuers that will focus on the credit fundamentals and structure of particular securities.
• Collect, maintain and analyze financial and statistical data and develop quantitative models to support fundamental research.
• Develop quantitative models to support fundamental research by collecting, maintaining and analyzing financial and statistical data.
• Maintain surveillance of assigned credits through evaluation of periodic financial reporting, monitoring various news sources and communication with peer group professionals, external industry analysts, and management teams.
• Write credit surveillance reports and present analysis to colleagues. Recommend trade ideas based on relative value analysis with guidance from senior analysts.
• Create spreadsheets and macros to pull data from multiple spreadsheets and databases into unified reports.
• Work on relevant projects for Senior Analysts as appropriate.

What This Job Offers

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