Equity Research Associate - Asset Managers, Brokers and Exchanges

Morgan Stanley Investment Research is uniquely committed to being an essential part of our clients' investment process. We strive to be the sell-side research provider that best understands the buy side. Through relevant and timely conversations with leading investors, we focus resources on risk-reward essentials: identifying the investor debates, assessing the potential outcomes, and uncovering the evidence our clients need to validate their investment decisions. Our equity analysts cover some 3,000 stocks; our economists, strategists and fixed income analysts cover all major regions and other asset classes around the globe.

Equity Research

The Equity Research department is responsible for researching macroeconomic and microeconomic conditions, along with company fundamentals. It also collects and analyses financial information to make investment recommendations on stocks in specific sectors. Research analysts build financial models to explore alternative scenarios, examine industries and communicate with companies and investors. Equity Research team members discuss their analysis and investment recommendations in research notes. A career in investment research at Morgan Stanley demands a commitment to excellence and a passion for the markets as well as the highest level of integrity.

The Brokers, Asset Managers & Exchanges team within Equity Research is looking for a strong Associate or VP-level team member to join.  The role involves building and maintaining models, as well as writing company-specific and broader industry research notes based on proprietary analysis and research. The team is looking for hard-working, analytical candidates, with a passion for Equity Research. The role resides in our New York office.

Primary Responsibilities

• Creation and maintenance of earnings, valuation and industry models leveraging skills in accounting, finance and economics
• Assist in writing research reports for initiations of coverage, analysis of data, earnings results, and industry news.
• Interest in and ability to leverage all available resources to create differentiated content for writing research reports (company-specific or industry)
• Interact with institutional investors, responding to requests for models, reports and data analysis.
• Keep abreast of industry-related news flow. Analyze implications of news/industry developments to companies under coverage.
• Develop and maintain relationships with investor relations personnel and management of companies under coverage
• Adopt and apply AI-enabled research tools judiciously to accelerate information gathering, model maintenance, data analysis, and workflow execution while maintaining analytical rigor, source verification, and quality control
• Conduct industry diligence and primary research through surveys, expert conference calls, and various channel checks to evaluate industry trends.
• Assist internal sales and trading teams in the timely analysis of breaking news in the sector

• The ideal candidate will have at least 2 years of experience in a Financial Services Capacity— Investment Banking, Capital Markets, Research, Consulting, Finance, Accounting preferred.
• Outstanding financial modeling and analytical skills, writing, client communications, and presentation delivery
• Experience utilizing Excel for: Building/Maintaining Financial models - advanced level of excel proficiency is expected and required.
• Candidates are expected to be adaptable and have the ability to work well under pressure.
• Ability to multitask and reprioritize a must
• Strong attention to detail is a must
• High energy, self-motivated, creative, curious, organized and strong focus on teamwork
• Strong experience in accounting is a plus
• CFA is a plus