Morgan Stanley Internships

Why should I consider an internship with Morgan Stanley?

As a world-leading financial services company, Morgan Stanley offers summer internships in a wide range of its departments, from equity research to public finance, to technology and human resources.

If you’re looking to start a career in financial services, Morgan Stanley is an excellent option. It does trillions of dollars’ worth of deals around the world and has a very diverse range of clients.

Why Morgan Stanley instead of one of the other top banks?

Like any business the calibre of Morgan Stanley, the work can be intense and difficult. Many interns know this and report a good culture. Morgan Stanley managers know you’re there to learn and to begin your career, not be a workhorse, and you’ll get the chance to develop your skills a lot.

Which company is right for you is also a personal decision, however. Be sure as you go through the process that you assess how the company feels. Is it somewhere you could see yourself working? Try not to be blinkered by its reputation and decide what’s right for you.

What does an internship with Morgan Stanley involve?

Most internships at Morgan Stanley take place over the summer and last for 3 to 6 months. Be sure to check the precise length in the job description to ensure it matches with your plans.

Off-cycle internships are also offered throughout the year. These can crop up at any time and in any department, so if you missed the summer deadlines it’s still worth keeping an eye out.

Usually, positions at Morgan Stanley begin with a week or two of intensive classroom-based training and induction days. These aim to help you get settled and to get a good idea of what you’ll be doing, so that you can hit the ground running.

Then, over of the course of the internship, you’ll get on-the-job training and hands-on experience with projects, alongside regular training sessions, shadowing opportunities and networking events.

This, according to reviewers on Glassdoor and Rate My Placement, means that although the internship will be intense, you’ll gain a wealth of new experience and skills, as well as making some very useful contacts.

How do I apply for an internship with Morgan Stanley?

Morgan Stanley lists open positions on its website. This includes both the regular summer internships and off-cycle internships.

In total, you’re allowed to apply for up to 3 different programmes per recruitment year in each region (Asia Pacific, Europe, Middle East, Africa, and the Americas).

While Morgan Stanley doesn’t specifically lay out criteria for an intern, it’s a good idea to start thinking about it early. Typically, these internships will be taken by students in their penultimate year, but that’s not a hard-and-fast rule.

Application deadlines are usually in December, so you will need to be preparing for your application at least a year in advance of the start date of the internship you’re applying for.

You’ll also need to have either received or to be on track for a 2.1 degree or higher. When applying, your academic credentials are taken into account alongside a detailed cover letter explaining why you want to work in your chosen business unit at Morgan Stanley.

This will then be followed by aptitude tests, which you must complete within 48 hours of receiving the email.

Which Morgan Stanley business areas offer internships?

Morgan Stanley offer a huge variety of internships, but they all fall into one of five categories which are worth outlining.

Institutional Securities

Institutional securities will have you dealing with some of the most influential assets on the stock market.

You’ll be working with hedge funds, investment banks, pension funds and endowment funds as you learn the workings of a fundamental field to the financial sector.

Investment Management

As you’d expect, Investment Management covers a wide array of investment portfolios, from equity to fixed income to alternative investments.

Entering a role in this area can be a fascinating dive into a fast-moving, high-stakes field in which you’ll need to learn the ropes quickly to succeed.

Wealth Management

Wealth Management is all about helping individuals, families, business and institutions with their most important goals.

From the individual to the large corporation, this varied work will ensure you learn how to plan for the future and help to build and manage wealth.

Company Management

Roles in Company Management will have you working at the very heart of businesses, ensuring they run as smoothly and efficiently as possible.

This can include anything from risk management to human resources to compliance – all the things necessary to ensure that a company does as well as it possibly can.

Operations

Operations keep businesses running. It’s about getting to grips with the key processes of trade, analysing large and crucial data sets, ensuring projects and systems are working as intended, building and developing relationships with clients and more.

Operations is the engine of a business, and keeping it running can be an enriching challenge.

Technology

In today’s world no business can expect to get ahead without the most effective use of technology. You’ll help develop, test and deploy cutting-edge tools, software and systems that help businesses get the most of out their industry. You’ll also help explain all of this to clients to help them make the best choices for their company.

Further Reading 

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