Associate, Research
Company Profile:
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment, and wealth management services. The Firm's employees serve clients worldwide, including corporations, governments, and individuals from more than 1,200 offices in 43 countries.
In the Research division, we offer timely, integrated analysis of companies, sectors, markets, and economies, helping clients with their most critical decisions
What you'll do in the role:
Morgan Stanley & Co. LLC is seeking an Associate, Research in New York, New York to Create and maintain earnings, valuation and industry models. Perform reserve analysis, and actuarial valuation reports based on filings. Write research reports for initiations of coverage, analysis of data, earnings results, and industry news. Interact with institutional investors, respond to requests for models and data analysis. Analyze implications of news/industry developments to companies under coverage. Develop and maintain relationships with investor relations personnel and management of companies under coverage. Conduct industry diligence and primary research through surveys, expert conference calls, and various channel checks to evaluate industry trends. Assist internal sales and trading teams in the timely analysis of breaking news in the sector. Telecommuting permitted up to 1 day per week.
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What you'll bring to the role:
-Requires a Master's in Finance, Economics or a related field of study.
-Requires two (2) years of experience in the position offered or two (2) years as a Finance, Economics or a related field of study.
-Requires two (2) years of experience with the following skills:
- Working in life insurance industry and equity research covering the insurance and broader financial sectors.
- Applying Excel and building and maintaining financial models to forecast revenue, earnings, and cash flows.
- Valuation techniques such as comparable company analysis and sector-specific methods like sum-of-the-parts (SOTP) valuation.
- Working with GAAP accounting principles, including income statements, balance sheets, and cash flow statements.
- Conducting ratio analysis, vertical and horizontal analysis, and identifying accounting irregularities independently.
- Utilizing understanding of the life insurance industry, including life insurance policies, annuity products, related offerings, insurance statutory accounting principles and practices.
- Regulatory environments and competitive dynamics within the insurance sector.
- Working with financial tools such as Bloomberg, Capital IQ, and FactSet.
- Utilizing understanding of macroeconomic indicators and long-term investment trends.
- Staying current with market trends, emerging financial instruments, and technological advancements.
- Drafting equity research notes, client correspondence, and developing/presenting industry reports; and working with cross-functional teams.
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 https://www.morganstanley.com/about-us/global-offices into your browser.
Expected base pay rates for the role will be between $200,000 and $200,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.
Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.
Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.
For more information, please visit : https://www.morganstanley.com/people-opportunities/eeo .
Perks and Benefits
Health and Wellness
- Health Insurance
- Dental Insurance
- Vision Insurance
- Life Insurance
- Short-Term Disability
- Long-Term Disability
- Fitness Subsidies
- On-Site Gym
- Pet Insurance
- Mental Health Benefits
- FSA
- Virtual Fitness Classes
- HSA
Parental Benefits
- Fertility Benefits
- Adoption Assistance Program
- Family Support Resources
- Return-to-Work Program
- Birth Parent or Maternity Leave
- Non-Birth Parent or Paternity Leave
- Adoption Leave
Work Flexibility
- Hybrid Work Opportunities
Office Life and Perks
- Commuter Benefits Program
- Company Outings
- On-Site Cafeteria
- Holiday Events
Vacation and Time Off
- Paid Vacation
- Paid Holidays
- Leave of Absence
- Volunteer Time Off
- Personal/Sick Days
Financial and Retirement
- 401(K) With Company Matching
- Stock Purchase Program
- Performance Bonus
- Relocation Assistance
- Financial Counseling
Professional Development
- Tuition Reimbursement
- Promote From Within
- Mentor Program
- Access to Online Courses
- Lunch and Learns
- Work Visa Sponsorship
- Leadership Training Program
- Associate or Rotational Training Program
- Internship Program
Diversity and Inclusion
- Diversity, Equity, and Inclusion Program
- Employee Resource Groups (ERG)