Career Opportunities

PLACEMENT AND DURATION The Investment Banking Off-cycle Internship is an opportunity to experience the culture and atmosphere in the Investment Banking Division (IBD) by taking on some of the responsibilities and functions of a Full-time Analyst for a short period. The internship typically lasts six months but can vary in length depending on business needs and candidate availability. You will spend your internship assigned to a specific group in a specific region, building basic skills in financial analysis, accounting, and valuation, while working on a wide range of domestic and international transactions. TRAINING PROGRAM You will receive on-the-job training and benefit from working alongside experienced professionals on a variety of projects. RESPONSIBILITIES Gathering and synthesising financial and operating information about companies, industries, and governments. Creating and updating financial models. Gathering market data to analyse trends and help value and price transactions. Drafting presentations and memoranda for a wider audience within the Firm and the financial services industry. Attending team discussions and client meetings, where you may be asked to deliver parts of a presentation. QUALIFICATIONS/SKILLS/REQUIREMENTS You have strong analytical and numerical skills that put you at ease with financial data. You are results-driven, and perform well under pressure and against tight deadlines. You are a proven team player and can manage a wide range of responsibilities. You have an excellent academic background and fluency in English and Spanish preferred. Ability to communicate effectively in multiple languages is an advantage. You articulate complex ideas simply and summarise them effectively. You are committed to excellence in your work and maintain high professional and ethical standards. APPLICATION DEADLINE We recruit on a rolling basis so application is encouraged as soon as possible. We aim to review all applications within a timely manner, however our response times may vary due to high volumes. Please be assured that you will receive an update via email as soon as a decision on your application has been reached, and kindly note we are unable to accommodate any requests to accelerate the timelines of our application process.

2025 Global Capital Markets Industrial Placement Program (Sydney) Job Description When clients need capital, Global Capital Markets (GCM) responds with market judgments and ingenuity. Whether executing an IPO, a debt offering or a leveraged buyout, GCM integrates Morgan Stanleys expertise in Sales and Trading and Investment Banking, offering clients seamless advice and sophisticated solutions. GCM originates, structures and executes public and private placement of equities, investment-grade and noninvestment-grade debt and related products. The group provides fresh ideas and broad distribution to help clients get the most out of each stage of a transaction, and continually develops capital markets solutions to enable clients to mitigate strategic, operational, credit and market risks. Our Industrial Placement Program is aimed at undergraduates who are either required by their degree or are able to complete a longer internship period. The six-month internship (June/July 2025 start depending on business needs and candidate availability) is designed to provide a realistic view of Global Capital Markets by having the interns assume the functions of Full-Time Analysts. Along the way, you will obtain a strong foundation in the basic skills of financial analysis and deal execution. You will be expected to start learning how to market the Firms products and services effectively. Training Program This intensive six-month program includes an orientation to Morgan Stanleys businesses and technical training. Your training will continue throughout the internship with structured learning sessions run by senior executives. Similarly, you will have many opportunities to integrate with peers and senior staff through a series of networking, social, charity and mentoring events. Role and Responsibilities The work is challenging, and Industrial Placement Interns are encouraged to roll up their sleeves, dig into financial statements and construct innovative solutions. You will spend the internship in Equity Capital Markets or Fixed Income Capital Markets, building a foundation of financial skills and a solid understanding of the markets. You will have a mentor and buddy aid in your development and to provide greater exposure to GCM and the Firm. You will be encouraged to take on responsibility quickly and help bridge various topics from new trends in the marketplace to group overviews. Qualifications and Skills You are pursuing an undergraduate Bachelors or Master's degree with a graduation date between June 2026 and February 2027. You have an ability to manage multiple projects, provide complicated financial analysis, and develop appropriate corporate finance solutions. Extraordinarily high level of motivation and attention to detail Strong written and verbal communication skills Commercial instinct and ability to perform under pressure and tight deadlines Interest in developing a career in Global Capital Markets Application Process and Deadline Application processes may vary by location but typically follows: CV Online Video Interview Interviews In order to be considered, candidates must apply by April 6, 2025 at 23:55 AEST.

At Morgan Stanley, we value the diverse perspectives and backgrounds of our people and our culture of inclusion as one of our defining strengths. The Women in Banking Scholarship Program aims to encourage, promote and support female students who are interested in pursuing a career in the banking industry. The Program will offer: Mentorship opportunities with senior leaders from Morgan Stanley An opportunity to explore Australia Summer Analyst/Industrial Placement positions at Morgan Stanley A monetary award of Gross AUD6,250 upon successful completion of the interview process and commencement of an internship with Morgan Stanley Australia Who Should Apply? Morgan Stanley is seeking confident women who thrive in a dynamic and intellectually stimulating environment. You will possess effective communication and interpersonal skills, the ability to form effective relationships through collaboration, strive for excellence and exhibit the highest ethical standards. You will have the opportunity to learn about the roles and functions which make up our organization to understand where you may fit best These include Investment Banking, Global Capital Markets, Real Estate and Wealth Management. Eligibility Applicants must be in their penultimate year of study, completing their studies by the end of 2026. Applicants must have the right to remain in Australia to work and study. Applications To apply for the Morgan Stanley Women in Banking Scholarship, please submit your resume, cover letter and academic transcript in a PDF format. Following this, successful candidates will be invited to submit a virtual essay, exploring personal motivations and long term goals. Applications will be reviewed on a rolling basis, so we recommend you submit your application early Applications close at 23:55pm AEST on Sunday, 6th April 2025 For questions, please e-mail asia.recruit@morganstanley.com.

Duration: 18 months Qualification: Level 3 Digital Business Accelerator Join us as an Apprentice at Morgan Stanley and work alongside industry experts gaining valuable on the job training, whilst working towards your qualification. Our Apprenticeship is all about giving you the foundations to kick start your career in a supportive environment, where you can make valuable contributions from the outset and develop both personally & professionally This role sits within the Equity Research Division. The function of the department is to produce market leading in-depth analysis of companies, industries, markets, and world economies. As a client engagement assistant apprentice you will work to assist our research teams in marketing their research content to our vast client base. You will be responsible for coordinating trips worldwide for our analysts to see their clients and directly contribute towards Morgan Stanleys Core Value of Putting Clients First. We're looking for a curious and driven Apprentice who is passionate about building relationships with a variety of different stakeholders whilst having firm control over the day-to-day admin tasks of the research teams. What to Expect: Working collaboratively to assist the teams who create our research Drafting and maintaining an accurate up to date marketing plan Managing and arranging marketing schedules liaising directly with clients Liaising with sales on the coordination and execution of marketing schedules Maintaining distribution lists to ensure content is distributed broadly Supporting our offshore team on admin tasks such as expenses, printing and calendar entries Attend weekly team meetings and provide client updates/information Understand the client base and use tools to improve client engagement Execute group events & conferences Maintaining an up to date workflow and other team documentation Collaborating to ensure diary management and travel accuracy Supporting the team on all new client initiatives Skills Needed: Highly motivated with a can-do attitude Curious with a passion to learn Excellent written & verbal communication skills Team player Ability/desire to develop knowledge of Microsoft Office applications including exceptional Excel skills Highly motivated, and proactive. Able to stay one step ahead and think outside the box Resourceful, reliable, displays good time-management, and enjoys taking the initiative to deliver results Ability to build and sustain enduring professional relationships with individuals across all levels whilst maintaining confidentiality You Must Have: Have achieved GCSE English & Maths 4-9 (C-A) or equivalent Have achieved or be on track to achieve three A levels or equivalent, grade C or above

PLACEMENT AND DURATION The Investment Banking Off-cycle Internship is an opportunity to experience the culture and atmosphere in the Investment Banking Division (IBD) by taking on some of the responsibilities and functions of a Full-time Analyst for a short period. The internship typically lasts three to six months, but can vary in length depending on business needs and candidate availability. You will spend your internship assigned to a specific group in a specific region, building basic skills in financial analysis, accounting and valuation, while working on a wide range of domestic and international transactions. TRAINING PROGRAM You will receive on-the-job training and benefit from working alongside experienced professionals on a variety of projects. RESPONSIBILITIES Gathering and synthesising financial and operating information about companies, industries and governments. Creating and updating financial models. Gathering market data to analyse trends and help value and price transactions. Drafting presentations and memoranda for a wider audience within the Firm and the financial services industry. Attending team discussions and client meetings, where you may be asked to deliver parts of a presentation. QUALIFICATIONS/SKILLS/REQUIREMENTS You have strong analytical and numerical skills that put You at ease with financial data. You are results-driven, and perform well under pressure and against tight deadlines. You are a proven team player and can manage a wide range of responsibilities. You have an excellent academic background and fluency in English. Ability to communicate effectively in multiple languages is an advantage. You articulate complex ideas simply and summarise them effectively. You are committed to excellence in your work and maintain high professional and ethical standards. Salary is competitive with excellent benefits.

The Fixed Income Research Summer Analyst Program is a 10-week program consisting of one week of classroom training, followed by multiple rotations. Summer Analysts may rotate on various Fixed Income Research desks including Corporate Credit, Interest Rates, Emerging Markets, Foreign Exchange, Municipal Credit and Securitized Credit. Summer Analysts receive on-the-job training, benefit from working alongside experienced professionals on meaningful projects, and build their skillsets in a dynamic and evolving environment. In addition, the program features a Senior Management Speaker Series, desk teach-ins, networking events, community service, performance reviews, and a robust mentorship program. Training Program Summer Analysts begin with a one-day orientation where they are introduced to the Firm's businesses and learn what it's like to be an employee at Morgan Stanley. Fixed Income Research Summer Analysts then attend both Research and Sales & Trading division-specific training where they learn core skills essential for success. The curriculum includes daily market updates, business-specific overviews, and basic product and technical training. Role and Responsibilities Develop investment recommendations on Fixed Income Securities through the study of market fundamentals and technical research. Helping develop models to identify short term asset-class disconnects in real time. Working on longer-term asset allocation challenges (e.g. the optimal way to generate a 3 return over inflation). Assisting with the day-to-day production of our research content. Analysts will be given a specific project during each rotation focusing on anything from developing and pitching a trade idea to creating new valuation and trading models. The project will be presented to the research team at the end of each rotation. Qualifications and Skills You are pursuing an undergraduate degree with a graduation date of December 2026 or Spring 2027. Minimum 3.0 GPA. Basic knowledge of and a keen interest in finance and markets. Strong work ethic, collaborative, ability to multi-task. Adaptable, versatile, and analytical. Strong oral and written communication skills. Applications will be reviewed on a rolling basis and we encourage you to apply as soon as you are ready. In order to be considered a complete application, students must submit an application and complete a HireVue (instructions emailed upon submission of application). Applications will close on Tuesday, April 15. Expected base pay rates for the role will be 52.89 per hour 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).

Morgan Stanley's Global Capital Markets division offers a 10-week program that takes place at Morgan Stanleys headquarters in New York. The program includes opportunity to be placed on one of our desks within Global Capital Markets (GCM), which could include: Equity Capital Markets (ECM), Fixed Income Capital Markets (FICM), Leveraged Finance (LevFin), Securitized Products Capital Markets (SPCM), Liability Management, Project Finance, or Strategic Lending Group (SLG); a training and orientation with a variety of presentations, coursework, and exercises with experts and industry leaders; a formal mentorship program to aid in your development and provide greater exposure to GCM. The summer program includes, but is not limited to, engagement with senior leadership, lunch & learn sessions, regular networking events, and interaction with other businesses across the Firm, a market driven environment with an open trading floor where you are closely integrated with your team, a flat structure experience that will provide you with a high level of responsibility early in your career. Program Overview Responsibilities may include but are not limited to: Work with our clients on complex, innovative financing, and risk management solutions Learn how to read complex financial models and understand basic multiples such as P/E and Aggregate Value/EBITDA Learn how equity deals are priced and play an active role in the origination and execution of transactions, while working closely with your Corporate Finance counterparts in Investment Banking Help prepare materials to provide clients with valuable updates on market news and trends and how these affect their access to the debt capital markets Work with our trading and syndicate desks on rate views, product management and deal execution; build and run complex financial models. Analyze and create, for both corporate and financial sponsors, various financing alternatives in the context of debt and/or loan financing, leveraged buyouts and acquisition financings Qualifications & Skills Pursuing a Bachelor's degree and will graduate between December 2026 and Spring 2027 Basic knowledge of and a keen interest in finance Outstanding analytical and quantitative skills A great multi-tasker, possess a strong work ethic, and have a positive attitude Excellent verbal and written communication skills A quick learner, both a leader and team player, and a self-starter with the ability to work independently Detail oriented with strong organizational skills and ability to manage time efficiently and effectively Application Details We review Global Capital Markets applications on a rolling basis and encourage you to apply as soon as you are ready because interviews can occur prior to the application period closing, which is Tuesday, April 15. Expected base pay rates for the role will be 52.89 per hour 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).

During this 10-week program, Summer Analysts are placed directly into one of the following sector teams: Consumer, Energy, Utilities, Financials, Healthcare, Industrials, Materials, Media, Telecommunication or Technology. The placements are made based on the needs of the department and the skill set of the candidate. The Summer Analyst Program begins with a training and development curriculum that covers the fundamental and professional skills you need for success in Equity Research. After a brief training period, Summer Analysts will be assigned to a specific industry group, building a foundation in the basic skills of fundamental analysis, accounting and valuation. There will be networking opportunities and ongoing training throughout the program. Role and Responsibilities Gather and analyze industry data to develop an industry-specific vision. Update and build financial models on the companies and industry you follow. Analyze emerging trends in an industry or macro economy. Assess relative stock valuations and review findings with your team. Build relationships within Sales & Trading and Research. Qualifications and Skills You are pursuing an undergraduate Bachelors degree with a graduation date of December 2026 or Spring 2027. Minimum 3.0 GPA. You have basic knowledge of and a keen interest in finance. You are analytical, adaptive, possess an excellent work ethic, are a leader yet team player, as well as a multi-tasker. You possess proficient oral and written communication skills. Applications will be reviewed on a rolling basis and we encourage you to apply as soon as you are ready. In order to be considered a complete application, students must submit an application and complete a HireVue (instructions emailed upon submission of application). Applications will close on Tuesday, April 15. Expected base pay rates for the role will be 52.89 per hour 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).

The Public Finance Summer Analyst Program a 10-week program, including one week of classroom training. The program provides undergraduate students an opportunity to master the analytical, quantitative and interpersonal skills necessary to develop an exciting and rewarding career on Wall Street. Summer Analysts assume the functions of Full Time Analysts, servicing the Firms investment banking clients in the public sector and not-for-profit sector across the United States. Over the course of the summer, Summer Analysts are given an opportunity to explore multiple product areas, including Infrastructure (States, Cities and Local Governments), Higher Education and Not-for-Profit Institutions, Healthcare, Affordable Housing, Public Power and Utilities and Syndicate. Training Program: Summer Analysts begin with a one-day orientation where they are introduced to the Firm's businesses and learn what it's like to be an employee at Morgan Stanley. Public Finance Summer Analysts then attend divisional Sales & Trading training, where they learn the core skills required to be successful on the job, as well as Public Finance-specific training. The curriculum includes market updates, bond math, the fundamentals of tax-exempt municipal bonds and credit risk analysis. In addition, Summer Analysts have several opportunities to network with peers, mentors and managers through speaker events, teambuilding sessions, learning lunches, community service and social events. Responsibilities: Summer Analysts in Public Finance will collaborate with Full-time employees to develop the skills they will need to have a successful summer, including: Draft presentation materials, memos and responses to Requests for Proposals to generate new business. Develop structuring, cash flow financial models, primarily for bond transactions. Shadow full-time employees as they communicate complex ideas and solutions with potential and existing clients. Applications will be reviewed on a rolling basis and we encourage you to apply as soon as you are ready. In order to be considered a complete application, students must submit an application and complete a HireVue (instructions emailed upon submission of application). Applications will close on Tuesday, April 15. Qualifications/Skills/Requirements: You are pursuing an undergraduate degree with a graduation date of December 2026 or Spring 2027. You have a minimum GPA of 3.0 GPA. You have a compelling interest in and knowledge of the financial markets, specifically in municipals and public finance. You have an advanced knowledge of MS Excel (preferred). Strong work ethic, collaborative, ability to multi-task. Adaptable, versatile, and analytical.

Overview Morgan Stanley Fund Services (MSFS) is a leading fund administration business with 500 billion assets under administration and 1,000+ professionals across New York, London, Dublin, Glasgow, Mumbai, Bangalore and Hong Kong. MSFS services a global institutional client base, providing hedge funds, multi-asset class investors, family offices and private equity firms with innovative product solutions. Primarily, MSFS provides accounting, investor servicing, reporting, tax, middle and back-office support, and portfolio analytics. MSFS employees work closely with the Chief Operating Officers, Chief Financial Officers, Portfolio Managers and investors of our clients. Duration The MSFS Summer Analyst Program is a 10-week program that begins with one week of classroom training, followed by four rotations across the business. Summer Analysts will be placed with our Investor Services, Middle Office, Product Development and the Anti-Money Laundering team and spend time in both the New York and Purchase offices. All Summer Analysts will receive on-the-job training and exposure to a wide variety of roles, products and services throughout MSFS, working alongside experienced professionals in a fast-paced, client-facing, and market-driven environment. Summer Analysts will have the opportunity to broaden and strengthen their respective skillsets, collaborating with individuals across MSFS on meaningful projects and initiatives. In addition, the Program features a Senior Management Speaker Series, teach-ins, cross-divisional networking events, community service events, performance reviews, and a robust mentorship program. Training Program The program begins with a one-day orientation where Summer Analysts are introduced to the Firm and primary businesses, as well as to one another at our opening Firmwide networking event. For the remainder of training, Summer Analysts will attend divisional-specific events designed to help develop the core skills required for a successful summer. Placements Investor Services (IS): IS works closely with the Investor Relations, Chief Financial Officers, Chief Operating Officers, Compliance teams and investors of our clients. Further, IS supports our clients with investor capital activity (e.g., subscriptions, redemptions, transfers and assignments) and cash movements to and from the client. The IS team is responsible for supporting the fund manager/investor relationship and core responsibilities include onboarding investors, processing investor documents and managing investor communications. Middle Office (MO): The MO team works closely with the Chief Operating Officers, Directors of Operations, and Treasury Managers of our clients to facilitate their Trades Management and/or Cash & Collateral Management needs, including trade processing, positions and cash reconciliations and corporate actions; as well as manage collateral and monitor cash flows. Product Development: Our Product Development team works across MSFS functions to set technology priorities that enhance MSFS products and platforms for our clients. The team works with our clients and colleagues to better understand technology needs and translate those needs to technology requirements that will be used to design new and enhanced products. Anti-Money Laundering (AML): The AML team is responsible for helping our clients identify and manage potential AML risks. The team works closely with the General Counsel, Compliance, and Investor Relations representatives at our clients. Day-to-day responsibilities include the management of AML documentation, serving as a point of contact for fund managers and their investors. Qualifications / Skills / Requirements: Current undergraduate student with a graduation date of December 2026 or Spring 2027 Strong analytical interpersonal, verbal and written communication skills Collaborative, quick learner, adaptable, enjoy solving problems, possess a strong work ethic and ability to multi-task A keen interest in finance and markets Applications will be reviewed on a rolling basis and we encourage you to apply as soon as you are ready. In order to be considered a complete application, students must submit an application and complete a HireVue (instructions emailed upon submission of application). Applications will close on Tuesday, April 15. Expected base pay rate(s) for the role will be 43.27 per hour at the commencement of employment. However, base pay is only part of the total compensation package, which, depending on the position, may also include discretionary bonuses 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).