Morgan Stanley Investment Management ("MSIM"), together with its investment advisory affiliates, has more than 1,300 investment professionals worldwide and $2 trillion in assets under management or supervision as of June 30, 2026. 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, including governments, institutions, corporations, and individuals worldwide

General Description

The Fixed Income High Yield Group’s five-year Junior Analyst Program is intended for talented graduates who possess a strong interest in financial markets. In the late stages of the program, exceptional Junior Analysts may be offered a Senior Analyst role with broad industry coverage responsibility.

The program begins with extensive training designed to equip participants with the fundamental skills needed to be successful in Investment Management. Participants go on to support industry coverage and portfolio management workflows within the High Yield Group’s research team. This presents an unparalleled opportunity to influence investment decision-making while learning directly from experienced portfolio managers, Senior Analysts, and operations associates.

The High Yield Group manages $30 billion. The research team generates investment ideas through 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. Junior Analysts provide supporting coverage and may assume responsibility for select sub-industries. When applicable, members of the High Yield Group work closely with analysts from MSIM’s equity, leveraged loan, global income, and investment grade teams.

Primary Responsibilities

• Support Senior Analysts and portfolio managers with: (i) analysis of industry fundamentals and outlooks, and (ii) in-depth research on individual company business models, operating strategies and outlooks.
• Participate in daily investment team meetings and company reviews held to discuss primary issuance or secondary market opportunities.
• Build and maintain proprietary financial models from data contained in company filings (e.g., 10-Ks, 10-Qs) and other data sources (e.g., Bloomberg, Capital IQ, industry-specific information providers).
• Assist in developing and maintaining group systems and technologies.
• Work on special projects within the High Yield Group (e.g., optimizing and screening investment opportunities; assessing portfolio risk exposure; compiling regulatory information).
• Perform additional assignments as requested.

Job Requirements

• Pursuing a Bachelor's degree with an expected graduation date between December 2026 and June 2027
• Strong academic record and extracurricular achievements
• Outstanding oral and written communication skills
• Advanced Microsoft Excel skills
• Experience modeling corporate financial statements (income statements, balance sheets, and cash flow statements)
• The ability to function reliably and independently with a high degree of accuracy and attention to detail
• Strong analytical and critical-thinking skills, intellectual curiosity, and demonstrated interest in public markets investing