Morgan Stanley's Global Capital Markets division offers a 10-week program that takes place at Morgan Stanley's 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 2025 and Spring 2026
• 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 Friday, April 26.
• 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).

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