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Morgan Stanley · 4 months ago

MSIM- High Yield Research- Analyst

Boston, MA

Full-time

Onsite

New Grad, Entry Level

$100K/yr - $125K/yr

0+ years exp

Morgan Stanley Investment Management is a leading firm with a strong focus on providing investment management solutions. The High Yield Research Analyst will support industry coverage and portfolio management workflows within the High Yield group, conducting in-depth research and analysis to influence investment decision-making.

Asset ManagementFinanceFinancial ServicesLending

Responsibilities

Assist Senior High Yield Analysts and Portfolio Managers in their evaluation of potential investment opportunities. At a high level, this includes: (i) analysis of industry fundamentals and outlooks, and (ii) conducting in-depth fundamental research on individual company business models, operating strategies and outlooks. This work typically results in a conclusion regarding the creditworthiness of the company being evaluated and the relative attractiveness of their debt instruments

Build and maintain proprietary financial models from data obtained from company filings (e.g., 10-Ks, 10-Qs) and other data sources (e.g., Bloomberg, S&P Capital IQ, industry-specific information providers). In addition to company-specific financial models, credit analysis often includes additional elements, such as: sensitivity analyses, peer comparisons and industry-specific analyses

Prepare detailed initiation of coverage research reports and periodic updates

Take part in due diligence meetings with management teams

Participate in daily investment team meetings, company reviews (often occurring as a result primary issuance or a secondary market opportunity) and industry reviews

Work on special projects and assignments for the High Yield Team

Responsibility increases are based on merit and investment performance

Qualification

Financial modelingCredit analysisIndustry researchExcel skillsCommunication skillsAttention to detailTeam collaborationProblem-solvingTime management

Required

A bachelor's degree and approximately 0-2 years of relevant work experience

Strong academic record combined with extracurricular achievements

Outstanding oral and written communication skills

Strong Excel skills; experience modeling corporate financial statements (income statements, balance sheets, and cash flow statements), preferably from a credit perspective

The ability to function reliably and independently with a high degree of accuracy and attention to detail

Understanding of the corporate bond and equity markets