Title: Fixed Income Research

Description: This is a 6-month internship program designed as an opportunity to learn more about the

important role that Fixed Income Research plays within the Firm. This structured program is designed

to give interns insight into this division and an opportunity to develop and master the analytical,

quantitative, and interpersonal skills needed to develop an exciting and rewarding career. The training

will continue throughout the course of the program with structured learning sessions run by senior

executives. Interns will also have many opportunities to integrate with peers and senior colleagues

through a series of networking, social, and mentoring events.

In the In the Research division, we offer timely, integrated analysis of companies, sectors, markets, and

economies, helping clients with their most critical decisions. Fixed Income strategists analyze a broad

cross section of asset classes including Interest Rates, Corporate Credit, Municipals, Foreign Exchange,

Emerging Markets and Securitized Products to identify key macro trends and relative value within and

across the asset classes and help our clients in their investment process.

Skill sets:

• Master's degree or higher in a quantitative field such as Financial Mathematics, Statistics, Data

Science, Engineering, Physics, or Economics.

• Experience with statistical model development, modeling best practices and methodologies in

the areas of data processing, sampling, model design/specification.

• Hands on experience in any programing language (Python, C++, Q, Perl, JavaScript).

• Excellent verbal, written, and interpersonal communication skills.

• Genuine interest and understanding of financial markets.

Traits expectation:

• Excellent verbal, written, and interpersonal communication skills.

• Candidates should be analytical, insightful, quick learners, team players, multi-taskers, with a

positive attitude.

Expected learning:

• Work with Fixed Income Research Strategists and Economists globally to build and maintain

analytics used in generating insights for Research publications.

• Develop understanding of Fixed Income markets to incorporate data analytics into trade idea

generation.

• Run statistical analysis, create new mathematics models, write code to identify trends and

patterns driving investment ideas.

• Develop quantitative models using econometrics and machine learning algorithms to help

generate insights for Research Reports and Morgan Stanley clients.

• Build analytics for interest rate strategy, FX strategy, corporate credit markets, municipal

bonds, and structured finance products.

• Streamline and enhance existing models for Fixed Income Research strategists and

Economists.

Specific courses required for project execution: All applicants must know how to code in Python or

R. At least one candidate should come from a comp science background.

Morgan Stanley FID Research roles

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