Morgan Stanley Investment Management (“MSIM”), together with its investment advisory affiliates, has more than 1,300 investment professionals around the world and $1.9 trillion in assets under management or supervision as of December 31, 2025. 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.

Program Overview

Morgan Stanley Investment Management (MSIM) hires undergraduate co-ops to simultaneously contribute to and learn about various groups within our division. Co-ops spend six months fully immersed in their work and MSIM culture, resulting in an enriching and formative experience. The co-op role within MSIM is primarily a learning and growth opportunity, which does not necessarily correlate with full-time opportunities within the firm.

Placement and Position Overview

This co-op role will report into a team within one of the functional areas of MSIM Fixed Income (FI), including:

• Bank Loans
• Broad Markets
• Emerging Markets
• Fixed Income Management
• High Yield
• Mortgage & Securitized
• Municipal Bonds

Co-ops will assist members of their assigned Fixed Income team with day-to-day support and initiatives in their department. The co-op will work on a variety of projects that can range across data and analytics, modeling, market research, and presentation building. Some placements may lean more heavily toward quantitative skillsets and require a deeper knowledge of SQL and Excel than others.

Placement will be determined during the application and interview process, and candidates will be informed during their interview process which team(s) they have been selected to interview for. To ensure a placement that best aligns with your skillset, ensure that your resume reflects all relevant skills and languages (e.g., coding languages, software proficiencies, language fluencies beyond English).

Responsibilities

Responsibilities will vary by role, but all co-op roles within the MSIM FI division will include some combination of the below responsibilities.

• Keep current with market developments, such as new investment products and movements in the economy.
• Contribute to the oversight of the business through qualitative and quantitative research, reporting, and analysis.
• Monitor applicable business metrics and present findings to internal stakeholders.
• Create spreadsheets and SQL queries to assist with data validation and reporting.
• Develop quantitative models to support fundamental research by collecting, maintaining, and analyzing financial and statistical data.
• Continuously develop public speaking, company/industry research and analysis (qualitative), modeling, presentation building, and project management skills.
• Propose ideas and build tools to drive efficiencies in the business.
• Complete ad-hoc projects to support business needs.

Requirements

• Able to commit to full-time co-op employment starting in July 2026 and finishing at end of December 2026
  • Ability to extend co-op into early January 2027 preferred, not required
• Able to commute into New York City for partial in-person working requirement
• Pursuing a Bachelor's degree with an expected graduation date after May 2027
  • Major or minor in Finance, Economics, Business, or similar field preferred, not required
• Experience or demonstrated interest in the investment management industry
• Proficiency with general computer applications (Microsoft, Word, Outlook, Excel, PowerPoint)
  • Advanced Excel skills a plus
  • Experience with Bloomberg a plus
  • Programming skills (e.g., Python, SQL, R) required for some placements
• Excellent oral and written communication
• Organized, detail oriented, and capable of managing their time
• Works well independently and as a member of a team

Application Process and Deadline

In order to be considered, candidates must apply with their resume and transcript through the Morgan Stanley website. Resumes will be reviewed on a rolling basis through March 8, 2026 or until the role is filled, whichever comes first.

Expected base pay rates for the role will be between $30.00 and $40.00 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.