The Fixed Income Summer Analyst Program is a 10-week program consisting of one week of classroom training, followed by multiple sales rotations across Fixed Income. Rotations may include Global Credit & Municipals, Securitized Products, Emerging Markets and Interest Rates. Summer Analysts receive on-the-job training, benefit from working alongside experienced professionals on meaningful projects, and build their skillsets in a dynamic and evolving environment. In addition, the program features engagement with senior leadership, desk teach-ins, networking events, community service, performance reviews, and a robust mentorship program.
To be considered for the program, please apply via the Morgan Stanley website: 2026 Fixed Income Summer Analyst Program (San Francisco) – Morgan Stanley Campus
Program Overview
Summer Analysts begin with a one-day orientation where they are introduced to the Firm’s businesses and learn what it’s like to be an employee at Morgan Stanley. Fixed Income Summer Analysts then attend Sales & Trading division-specific training where they learn core skills essential for success. The curriculum includes daily market updates, business-specific overviews, and basic product and technical training.
Role & Responsibilities
Understand how a client base is developed and maintained.
Create investment ideas.
Learn how we sell and cross-sell the Firm’s products.
Represent the Firm when interfacing with clients on important business issues.
Qualifications & Skills
You are pursuing an undergraduate Bachelor’s degree or pursuing a 1-Year Master’s degree with a graduation date of December 2026 or Spring 2027.
Minimum 3.0 GPA.
While no prior knowledge of finance or sales & trading is required, you must have a keen interest in finance and markets.
You are analytical, adaptive, possess a strong work ethic, are a leader yet team player, as well as a multi-tasker.
You possess strong oral and written communication skills.
Applications will be reviewed on a rolling basis and we encourage you to apply as soon as you are ready. In order to be considered a complete application, students must submit an application and complete a HireVue (instructions emailed upon submission of application). Applications will close on Tuesday, April 15. To be considered for the program, please apply via the Morgan Stanley website: 2026 Fixed Income Summer Analyst Program (San Francisco) – Morgan Stanley Campus
Expected base pay rates for the role will be $52.89 per hour 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’s goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.
It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).