Morgan Stanley Summer Analyst Internship
Everything you need to know about the Morgan Stanley summer analyst program, including compensation, conversion rates, recruiting timeline, and application tips.
Last updated April 2026 · By the Superday AI editorial team
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$2,115/week
10 weeks
~75-80%
Overview
Morgan Stanley's 10-week Summer Analyst Program pays $2,115 per week and converts roughly 75-80% of interns to full-time offers.
Key facts
- The Summer Analyst Program runs 10 weeks from June to August.
- Interns earn $2,115 per week, about $110,000 annualized, plus a $4,500 housing stipend.
- Morgan Stanley provides relocation assistance of up to $1,500 for domestic moves.
- Roughly 75-80% of summer analysts convert to full-time offers.
- Each intern is paired with an analyst buddy and an associate mentor, a two-layer support system.
Compensation
Summer analysts earn $2,115 per week, which works out to about $110,000 annualized. The package also includes a $4,500 housing stipend and relocation assistance of up to $1,500 for domestic moves. Pay and benefits sit at the top of the bulge bracket range.
Conversion And Return Offers
Roughly 75-80% of interns convert to full-time offers. Return offers are extended in the final week of the program. The evaluation process is transparent, with mid-summer feedback sessions that show candidates exactly where they stand. Analytical depth, team orientation, and genuine enthusiasm for the platform consistently earn offers.
The Experience
The program begins with training at the firm's midtown headquarters, covering modeling, valuation, and client communication. Each intern is paired with an analyst buddy and an associate mentor, a two-layer support system that is more formalized than at most competitors. Interns are staffed on real transactions and expected to contribute to pitch books, models, and client materials. The firm's strength in TMT and Healthcare means interns in those groups often work on some of the highest-profile deals of the summer.
Recruiting And Timing
Applications open in late summer, HireVue rounds run in the fall, and Superdays stretch into early spring. The collaborative culture extends to the intern class through social events, speaker sessions, and cross-group networking built into the program.
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
Applications Open
July-September (year before)
HireVue Deadline
September
First Round Interviews
September-November
Superdays
October-February
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 Morgan Stanley 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 Morgan Stanley 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.
More Morgan Stanley Resources
Sources
- Morgan Stanley - Students & Graduates Programs. Morgan Stanley (accessed 2026-05-14)
- Internship & Co-op Survey. National Association of Colleges and Employers (NACE) (accessed 2026-05-14)