About the role#
This off-cycle internship is an intensive four to six-month program. You will work alongside full-time professionals on quantitative projects within the Institutional Equity Strats team. The role focuses on solving complex applied problems in trading platforms, market making, and derivative structuring. You will receive individual coaching and feedback throughout your time with the firm.
What you'll do#
- Implement new models and algorithms for derivative valuation.
- Support the existing analytics library.
- Conduct analysis of complex trades to determine the best pricing methods.
- Analyze and manage risk for positions in the trading book.
- Create tools to assist decision-making and improve efficiency in sales and trading.
- Develop supporting frameworks and workflows for research and data analysis.
What you'll need#
- You are currently pursuing a PhD in Financial Engineering, Mathematics, Physics, Statistics, Computer Science, or a related quantitative field.
- You must complete your degree between December 2027 and June 2028.
- An advanced degree in a quantitative subject like Engineering, Applied Mathematics, or Software Engineering is required.
- You possess strong modeling skills, with knowledge of equity derivatives models being a plus.
- You have strong programming skills in an object-oriented language.
- You have a solid grasp of probability, numerical analysis, stochastic calculus, approximation theory, and partial differential equations, with expertise in at least one of these areas.
- You communicate effectively in written and verbal English and thrive in a team-oriented environment.
Location & details#
- Location: New York, New York.
- Modality: On-site.
- Duration: Four to six months.
- Compensation: The base pay rate is between $72.12 and $84.14 per hour. Final pay is determined on an individual basis.
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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