About the role#
This is a four to six month internship program within the Institutional Equity Strats team. You will work alongside full-time professionals on quantitative projects, receiving individual coaching and feedback throughout the term. You will apply your academic technical expertise to solve complex problems in trading, market making, and derivative structuring.
What you'll do#
- Implement new models and algorithms for derivative valuation and support the existing analytics library.
- Conduct analysis of complex trades to determine the best pricing methods.
- Analyze and manage risk for positions held in the trading book.
- Create data and analytical tools to assist decision making and improve efficiency in sales and trading.
- Develop supporting frameworks and workflows for the team.
- Model for new products and collaborate with traders to deliver research ideas.
- Automate derivative product flow, including pricing methodology and platform control.
- Assist with model enhancements and tooling for risk management and hedging infrastructure.
What you'll need#
- Current pursuit of a PhD in Financial Engineering, Mathematics, Physics, Statistics, Computer Science, or a related quantitative field.
- Expected degree completion between December 2027 and June 2028.
- Mandatory advanced degree in a quantitative subject such as Engineering, Applied Mathematics, or Software Engineering.
- Strong modeling skills, with knowledge of equity derivatives models considered a plus.
- Proficiency in an object-oriented programming language applied within a front office team library.
- Knowledge of probability, numerical analysis, stochastic calculus, approximation theory, and partial differential equations, with expertise in at least one of these areas.
- Ability to communicate effectively in English.
- A drive to work in an intense, team-oriented environment.
Location & details#
- Location: New York, New York.
- Modality: On-site.
- Employment: Full-time internship.
- Compensation: Expected base pay between 72.12 and 84.14 per hour.
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
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