About the role#
The Fixed Income Strats Summer Associate Program is a 10-week internship for students to work on quantitative projects. You will join an assigned team for the duration of the program, receiving individual coaching and feedback. The program begins with a one-week training session covering market knowledge, finance, coding, and product training. You will work alongside full-time professionals to solve complex problems in trading, risk management, and derivative structuring.
What you'll do#
- Develop mathematical models for trading and risk mitigation of asset-backed securities.
- Price highly structured or distressed credit products.
- Implement tools and business reporting solutions to improve performance indicator management.
- Create and deliver data-driven insights and workflow innovations for internal and external clients.
- Assist the desk with pricing incoming trades and moving models into production.
What you'll need#
- Current enrollment in a PhD or Master's program in a quantitative field such as Financial Engineering, Mathematics, Physics, Statistics, or Computer Science.
- Graduation date between December 2027 and June 2028.
- Programming proficiency in C++, Java, Matlab, Python, R, or Scala.
- Strong mathematical academic training.
- Interest in financial markets and the ability to work in a team environment.
Location & details#
- Location: New York, New York.
- Term: Summer 2027.
- Modality: On-site.
- Compensation: 72.12 to 84.14 per hour.
- Application Deadline: October 14, 2026.
About Morgan Stanley
Morgan Stanley provides investment banking, securities, wealth management, and investment management services. The firm operates in 42 countries and serves corporations, governments, institutions, families, and individuals. It maintains a global presence with over 100,000 employees. The company focuses on helping clients raise, manage, and allocate capital.
How to get in at Morgan Stanley
Securing an internship at Morgan Stanley requires speed because the volume of applicants is high. Intern Insider sends an instant alert the moment a role matching your target is published, which helps you apply among the first. Getting your application in early ensures it is seen before the pile grows too large for recruiters to manage. You can gain a significant advantage by reaching out to the recruiters behind the roles directly. Intern Insider surfaces these contacts so you can ask about the role or a referral, which often improves response rates compared to submitting through a general queue.
