2027 Sales & Trading Summer Analyst Programme (London)

In the Prime Brokerage and Institutional Equity division, we provide our clients around the world with intellectual insights and innovative product solutions and services that help them generate alpha. In the Fixed Income division, we work in fast-paced and constantly changing global markets to assess and manage risk, trade securities, manage relationships with clients, and structure and execute innovative transactions.

Since 1935, Morgan Stanley is known as a global leader in financial services, continuously evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.

Placement and duration

The 10-week Sales & Trading Summer Analyst Program is an opportunity to experience the culture and atmosphere of Morgan Stanley Sales & Trading by taking on some of the responsibilities and functions of a full-time Analyst for the summer period. Summer Analysts will have the opportunity to undertake rotations across Institutional Equities and Fixed Income, where they will experience a range of roles across the divisions, including Sales, Trading, and Structuring. Throughout the summer, Analysts will receive regular evaluation and feedback to support them with identifying where their skill sets are best placed.

Training Program

The Program begins in June with one week of intensive classroom training. This will include an introduction to Morgan Stanley followed by division-specific training. In addition to rotations, Summer Analysts will receive broader exposure across all of Sales & Trading through weekly mini rotations, individual and group project assignments, senior management speaker series and networking events. All Summer Analysts will be assigned a dean and a buddy by way of support.

Responsibilities

• Actively participate in projects and work tasks assigned by each desk rotation
• Shadow experienced Morgan Stanley employees to gain a broader understanding of the different functions
• Gather market data to analyse trends and participate in stock pitches and trading simulations
• Drafting presentations and pitches for a wider audience within the Firm and the financial services industry.
• Attend team discussions and client meetings.

Qualifications, Skills and Requirements

• You are fluent in English; ability to communicate effectively in another language is an advantage
• You have strong analytical and numerical skills that put you at ease with financial data
• You are results-driven, perform well under pressure and against tight deadlines
• You are a proven team player with the ability to manage a wide range of responsibilities
• You articulate complex ideas simply and summarise them effectively
• You are committed to excellence in your work and maintain high professional and ethical standards
• You have an excellent academic background, on track to/having achieved a 2:1 (or equivalent) degree
• You are a penultimate (including Masters) student with outstanding academic achievements, and on track to achieve a minimum of 2.1 honours degree or equivalent in any degree discipline and with a strong interest in the financial markets.
• Study in a financial discipline is not essential, although you should have a strong aptitude for numbers

Application Deadline

The deadline for application for this position is Monday 19th October 2026. Please note, we recruit on a rolling basis so application is encouraged as soon as possible.

It is essential to provide accurate details in the application forms, including an up-to-date CV and cover letter as we cannot guarantee you will be able to edit this after submitting your application. In the case that you are permitted to edit your application, it will cause significant delays to your candidacy.

What you can expect from Morgan Stanley

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work. To learn more about our offices across the globe, please copy and paste into your browser.