Morgan Stanley’s Institutional Equity Division (IED) is a global leader in the origination, distribution, and trading of equity, equity-linked, and equity-derivative securities. The Division serves a broad global institutional client base, delivering innovative solutions designed to help clients generate alpha and manage risk across their portfolios.
Early Careers Program
The program begins with a formal orientation and structured training curriculum, introducing participants to the Firm and its core businesses. Training continues throughout the 12 months through divisional‑specific sessions, desk learning, and targeted development events, designed to build the technical, commercial, and professional skills required to succeed in a front‑office role.
Commencing in March 2027, the IED Early Careers Program is a 12-month structured training opportunity designed for working professionals looking to transition into a front‑office role within the Institutional Equity Division.
This program offers a unique pathway to gain foundational industry knowledge, develop the technical and commercial skills required for a front‑office banking career, and build a strong professional network within Morgan Stanley.
Program participants will receive hands‑on, on‑the‑job training and exposure to a wide range of roles, products and services across IED. You will work alongside experienced professionals in a fast‑paced, client‑facing and market‑driven environment, gaining practical insight into how institutional equity markets operate.
Top performers will be considered for full-time roles at the end of the program.
Role and Responsibilities
The program offers desk rotations within the 12-month placement. Rotations might be across the following product areas:
- Sales: Work alongside experienced employees to learn how we build our client base and establish and maintain long-term client relationships. Assist with developing and presenting investment ideas and the fundamentals of selling and cross-selling the Firm’s products
- Trading: Develop and execute trading ideas and analysis, and support all aspects of the market-making trade execution process, from research analytics on trades to relative value analysis
- Prime Brokerage: Support the management and growth of Prime Brokerage client relationships by working closely with hedge fund clients and internal stakeholders across Morgan Stanley. The role involves responding to client needs, coordinating the delivery of Prime Brokerage services and solutions, identifying business opportunities, and helping clients maximize the value of the Firm's platform.
- Structuring: Use an innovative and solutions-based approach to designing both investment and risk management products across all asset classes
- Research/Strategy: Analyze market fundamentals and liaise with researchers to develop investment recommendations for internal and external clients
- Analytics: Provide quantitative and qualitative analytics around client revenue and profitability; work to efficiently manage commission dollars by creating increased transparency around the services that clients value
- Business Control Unit: Manage comprehensive risk for equity business, including non-market risk, regulatory compliance, counterparty risk, client documentation, and governance, advising internal and external clients on risk optimization and ensuring operational resilience and efficiency across the department
Qualifications and Skills
- Bachelor’s or Master’s degree with 1–3 years of full‑time professional experience post‑graduation
- A strong interest in finance and financial markets
- A genuine desire to build a long‑term front‑office career
- Analytical and adaptable, a collaborative team player, and possess a strong work ethic
- Exceptional interpersonal, verbal, and written communication skills
- Applicants must hold the right to work in the program location
Program Period
- Early Careers Program: 12 months between March 2027 and March 2028
Application Process and Deadline
Application process may vary by location but typically follows:
- CV Submission
- On-Demand Video Interview
- Final Interviews
- Application deadline: Sunday, November 15, 2026 at 23:55 HKT / SGT
We recruit on an ongoing basis, so we encourage you to apply as soon as you are ready.