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Summer Analyst Program

Morgan Stanley Summer Analyst Internship

Everything you need to know about the MS summer analyst program, including compensation, conversion rates, recruiting timeline, and application tips.

Weekly Pay

$2,115/week

Duration

10 weeks

Conversion Rate

~75-80%

Internship Compensation

Weekly Pay

$2,115

Annualized Salary

$110,000

Housing Stipend

$4,500

Relocation

Up to $1,500 for relocation

Meals: Cafeteria access and dinner stipend after 7pm

Transport: Car service after 8pm

Recruiting Timeline

1

Applications Open

July-September (year before)

2

HireVue Deadline

September

3

First Round Interviews

September-November

4

Superdays

October-February

5

Offers Extended

November-March

Application Tips

  • Emphasize interest in Morgan Stanley's integrated platform across IB and wealth management
  • Highlight teamwork and collaboration in behavioral responses
  • Be ready for technical deep-dives on LBO models and DCF assumptions
  • Show familiarity with recent MS deals and sector strengths

What to Expect

Morgan Stanley's internship program balances deal exposure with structured learning. Interns participate in a week-long training intensive covering Excel, PowerPoint, and valuation fundamentals before being placed with deal teams. Most interns work on 2-4 live transactions throughout the summer, with opportunities to shadow senior bankers on client calls and pitch meetings. The culture is collaborative, with analysts and associates providing mentorship and feedback. Performance is evaluated through mid-summer and final reviews, with return offers extended to the majority of interns who demonstrate strong work ethic and technical aptitude. Social events and networking sessions with MDs occur regularly, helping interns understand career paths within the firm.

Intern Perks

  • MD mentorship program
  • Charity and volunteer days
  • Access to Morgan Stanley research and trading floors

Frequently Asked Questions

How much do MS summer analysts make?

Morgan Stanley summer analysts earn $2,115 per week, which annualizes to approximately $110,000. The program typically runs for 10 weeks.

What is the MS intern conversion rate?

The conversion rate for Morgan Stanley summer analysts to full-time offers is approximately ~75-80%. Final week of program.

When should I apply to Morgan Stanley?

Applications for the Morgan Stanley Summer Analyst Program typically open July-September (year before). First round interviews are held September-November, with Superdays October-February.

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