Morgan Stanley 2027 Investment Management Sophomore Summer Analyst Program in New York: Private Credit & Equity Internship
Are you an undergraduate student interested in investment management, private credit, private equity, financial analysis, valuation, and private-market investing? Morgan Stanley is offering a 10-week 2027 Investment Management Sophomore Summer Analyst Program – Private Credit & Equity in New York, United States.
The program is designed for undergraduate students who want to gain practical exposure to the investment management industry and develop skills that are relevant to careers in private markets and investment analysis.
Participants will join Morgan Stanley Investment Management’s Tactical Value team, where they will work alongside investment professionals on research, financial analysis, investment opportunities, portfolio monitoring, and other activities connected to the investment decision-making process.
The application deadline is September 25, 2026, at 11:55 PM Eastern Time (ET), while applicants must complete their HireVue digital questionnaire by September 27, 2026, at 11:55 PM ET.
About Morgan Stanley Investment Management
Morgan Stanley Investment Management (MSIM), together with its investment advisory affiliates, operates as part of Morgan Stanley’s global investment management platform. According to the opportunity description, MSIM has more than 1,300 investment professionals worldwide and $2 trillion in assets under management or supervision as of June 30, 2026.
Morgan Stanley describes its investment management business as focused on providing long-term investment performance, client service, and investment management solutions to a diverse range of clients, including governments, institutions, corporations, and individual investors.
Morgan Stanley also maintains a dedicated careers platform for students, graduates, and experienced professionals, with opportunities across investment banking, investment management, wealth management, technology, and other areas.
Opportunity Overview
The 2027 Investment Management Sophomore Summer Analyst Program – Private Credit & Equity is a 10-week summer internship beginning in June 2027.
The program combines formal training with practical experience inside a specific Investment Management team.
The structure includes:
- One week of training
- Nine weeks working within the assigned Investment Management team
During the program, Summer Analysts are expected to gain exposure to the professional environment of Morgan Stanley and perform work that is similar in nature to the responsibilities of a full-time Analyst.
The program is designed as a learning and development opportunity. Morgan Stanley specifically notes that participation in this role does not necessarily correlate with full-time opportunities within the firm.
Program Location
Location: New York, United States
The position is based within Morgan Stanley’s Investment Management business in New York.
Morgan Stanley maintains a global presence and states that its employees work across 41 countries, with opportunities available to students and graduates in different regions.
Team: Tactical Value
Successful participants will join the Tactical Value team.
The Tactical Value team focuses on identifying and evaluating opportunistic investment opportunities across private markets.
This provides Summer Analysts with an opportunity to learn about how investment professionals examine potential investments, conduct research, assess companies and industries, evaluate financial information, and contribute to the investment process.
Participants can expect exposure to areas including:
- Private-market investing
- Private credit
- Private equity
- Investment research
- Financial analysis
- Company analysis
- Industry research
- Financial forecasting
- Valuation
- Portfolio analysis
- Investment due diligence
- Investment memoranda
- Market developments
- Portfolio-company monitoring
- Project management
This combination of research, quantitative analysis, qualitative assessment, and investment-related work can provide students with a practical introduction to the processes used in private-market investing.
What Will Summer Analysts Do?
The internship involves a range of investment-related responsibilities.
1. Conduct Investment Due Diligence
Summer Analysts will work with senior members of the Fund to conduct due diligence on potential investment opportunities.
Due diligence involves gathering and analyzing information about a prospective investment so that investment professionals can better understand its financial position, business model, industry, risks, opportunities, and overall investment characteristics.
Students may therefore have opportunities to develop their ability to:
- Research companies
- Examine financial information
- Investigate industries and markets
- Identify important investment considerations
- Organize information for senior investment professionals
- Support the evaluation of prospective investments
2. Coordinate With Advisors and Consultants
Participants may also coordinate with external advisors and consultants involved in investment due diligence.
This responsibility can expose interns to the collaborative nature of investment transactions, where investment teams may work with professionals from different areas to obtain specialized information and analysis.
Strong communication, organization, attention to detail, and professionalism are therefore important.
3. Build Financial Forecasts and Valuation Models
One of the more analytical components of the internship involves helping construct company financial forecasts and valuation models.
This can involve working with financial information to understand a company’s historical performance and develop assumptions about potential future performance.
Students interested in investment management can gain practical experience in areas such as:
- Financial forecasting
- Revenue and expense analysis
- Financial statement analysis
- Valuation
- Investment assumptions
- Financial modeling
- Quantitative analysis
These are important skills for professionals working in investment management and private markets.
4. Support Other Investment-Related Activities
Summer Analysts may also assist with other investment-related activities.
The opportunity description specifically mentions tasks such as:
- Tracking prospective investment deals
- Assisting with confidentiality agreements
- Supporting investment-related projects
- Organizing information associated with potential investments
- Helping investment professionals with ongoing analysis
This means the internship is not limited to financial modeling. Participants may be exposed to the broader workflow involved in evaluating and progressing investment opportunities.
5. Contribute to Investment Memoranda
Participants will also have the opportunity to contribute to investment memoranda relating to investment opportunities.
An investment memorandum typically brings together relevant research and analysis so that investment professionals can evaluate a potential transaction or investment opportunity.
This responsibility can help students develop their ability to communicate complex information clearly and professionally.
Skills that may be developed include:
- Written communication
- Investment research
- Data interpretation
- Company analysis
- Industry analysis
- Presentation of findings
- Attention to detail
- Business writing
6. Monitor Existing Portfolio Companies
The role also involves monitoring the performance of existing portfolio companies.
This can help interns understand that investment management does not end when an investment is made. Investment professionals may continue to monitor companies, markets, financial performance, and other factors affecting their investments.
Participants can therefore gain insight into portfolio management and ongoing investment analysis.
7. Follow Financial and Economic Developments
Summer Analysts will also be expected to keep current with market developments.
This includes following developments such as:
- Changes in the economy
- Financial-market movements
- New investment products
- Developments affecting private markets
- Broader market trends
Developing this habit can help students understand how economic and market developments can affect investment decisions.
Skills You Can Develop Through the Program
The internship is designed to help participants develop a broad set of professional and technical skills.
Financial and Investment Skills
Participants can gain exposure to:
- Financial modeling
- Company valuation
- Investment research
- Due diligence
- Portfolio analysis
- Private-market investing
- Financial forecasting
- Investment evaluation
Research and Analytical Skills
The role can also strengthen:
- Quantitative analysis
- Qualitative company research
- Industry research
- Problem-solving
- Critical thinking
- Attention to detail
- Economic and market analysis
Communication Skills
Because participants will work with investment professionals and potentially interact with advisors and consultants, communication is an important component of the role.
The program specifically highlights opportunities to develop:
- Public speaking
- Written communication
- Presentation skills
- Professional communication
- Company and industry analysis
Project Management
Participants will also have opportunities to develop project-management skills, including the ability to:
- Manage competing priorities
- Organize research
- Track prospective deals
- Meet deadlines
- Work independently
- Collaborate with colleagues
- Present information effectively
Who Should Apply?
The program is particularly relevant to undergraduate students who are interested in careers involving:
- Investment management
- Private equity
- Private credit
- Asset management
- Financial analysis
- Investment banking
- Corporate finance
- Valuation
- Private markets
- Portfolio management
- Financial research
Applicants should have a genuine interest in investing and be prepared to demonstrate analytical ability, academic achievement, communication skills, teamwork, and motivation.
You do not necessarily need to have already worked in private equity or private credit. The program itself is structured as a learning and development experience for students.
Key Candidate Qualities
Morgan Stanley is looking for candidates who demonstrate several professional qualities.
Exceptional Academic Performance
Applicants should demonstrate strong academic performance.
Academic achievement can be particularly relevant for competitive investment-management internships because students are expected to analyze complex information and learn technical concepts quickly.
Strong Communication Skills
Candidates should have strong verbal and written communication skills.
This is important because the role involves research, presentations, investment memoranda, collaboration, and communication with other professionals.
Teamwork
Applicants should be comfortable working as part of a team.
Investment management involves collaboration between investment professionals, analysts, advisors, consultants, and other stakeholders.
Independence and Initiative
Morgan Stanley is also looking for self-starters who can work independently.
Candidates should be able to take responsibility for assigned work, organize their tasks, identify information they need, and make progress without requiring constant supervision.
Motivation and Results Orientation
Applicants should demonstrate that they are driven, highly motivated, and focused on producing quality results.
Organization and Time Management
Because Summer Analysts may work on multiple projects and competing priorities, strong organizational and time-management skills are important.
Problem-Solving Ability
The role requires an analytical and detail-oriented mindset.
Candidates should be able to examine information, identify important issues, and contribute to solving investment-related problems.
Interest in Investing
A clear interest in investing is specifically listed as a job requirement.
Applicants should therefore be prepared to demonstrate why they are interested in investment management and, particularly, private-market investing.
Program Structure
The program will run for approximately 10 weeks beginning in June 2027.
The structure is:
Week 1 — Training
Participants begin with formal training intended to provide foundational knowledge and skills needed for the Investment Management environment.
Weeks 2–10 — Team Placement
The remaining nine weeks involve working within a specific Investment Management team.
For this opportunity, participants will join the Tactical Value team and gain hands-on exposure to research, financial analysis, investment-related projects, and the investment decision-making process.
Compensation
The stated expected base pay rate is:
$36.06 per hour
at the commencement of employment.
Morgan Stanley notes that base pay is determined on an individualized basis and forms only part of the overall compensation package.
Depending on the position, compensation may also include other forms of compensation and benefits, such as:
- Incentive compensation
- Discretionary bonuses
- Commission earnings where applicable
- Other short- and long-term incentive packages
- Morgan Stanley-sponsored benefit programs
The exact compensation package should be confirmed through the official employment documentation and applicable terms for the position.
Application Process
Candidates must complete the application process through Morgan Stanley.
The stated process requires applicants to:
Step 1: Submit Your Resume
Candidates must submit their resume through the Morgan Stanley careers website.
Morgan Stanley maintains an online careers platform specifically for students, graduates, and experienced professionals.
Step 2: Complete the HireVue Questionnaire
Applicants must also complete the required HireVue digital questionnaire.
Completing the questionnaire by the specified deadline is necessary for the application to be considered.
Step 3: Submit Before the Deadline
Applications are reviewed on a rolling basis, meaning candidates are encouraged to apply early rather than waiting until the final day.
The position may close when it is filled or when the stated application deadline is reached.
Important Application Deadlines
Applicants should pay attention to two separate deadlines.
Application Deadline
September 25, 2026, at 11:55 PM ET
This is the deadline stated for submitting the application.
HireVue Deadline
September 27, 2026, at 11:55 PM ET
Applicants must complete their HireVue responses by this deadline.
Because the application is reviewed on a rolling basis, students interested in the opportunity should consider submitting their application as early as possible.
What Should Applicants Highlight in Their Resume?
Students applying for this opportunity should make sure their resume clearly demonstrates the skills Morgan Stanley identifies in the job description.
Relevant areas to highlight include:
- Strong academic performance
- Financial or investment-related coursework
- Finance clubs or investment societies
- Business or economics projects
- Financial modeling experience
- Excel proficiency
- Data analysis
- Research experience
- Leadership experience
- Teamwork
- Public speaking
- Presentation experience
- Project management
- Entrepreneurial activities
- Relevant internships
- Investment-related personal projects
Applicants who do not have formal investment experience can still demonstrate relevant skills through academic projects, student organizations, research, competitions, leadership activities, or other analytical experiences.
Read Full Details about this internship HERE
What Makes the Tactical Value Team Relevant to Private Markets?
The Tactical Value team focuses on opportunistic investment opportunities across private markets.
Private-market investing differs from publicly traded-market investing because investment opportunities can involve privately held companies, private credit arrangements, and other investments that are not necessarily traded on public stock exchanges.
Working within this environment can expose students to the process of identifying potential opportunities, researching companies, analyzing financial information, assessing valuations, conducting due diligence, and monitoring investments.
The experience described in the position therefore combines several areas of investment work rather than focusing exclusively on one technical function.
Why This Internship Can Be Valuable for Students Interested in Finance
The program provides exposure to several fundamental areas of investment management within a major global financial-services organization.
Rather than being limited to classroom learning, participants are expected to work on actual research and investment-related activities, including financial forecasting, valuation, due diligence, investment memoranda, portfolio monitoring, and market research.
The program can therefore help students understand how investment professionals evaluate opportunities and make decisions based on financial, company, industry, and market information.
Morgan Stanley also states that its student and graduate opportunities are intended to provide opportunities for talented students and recent graduates to develop their careers within the firm.
Important Things Applicants Should Know
Before applying, candidates should keep the following points in mind:
- The position is a summer internship, not a permanent job.
- It is based in New York.
- Applicants must be pursuing a Bachelor’s degree.
- Applicants must graduate between December 2028 and June 2029.
- The program lasts 10 weeks.
- The program begins with one week of training.
- The remaining nine weeks involve team-based work.
- Participants will join the Tactical Value team.
- The role focuses heavily on private-market investment activities.
- Strong analytical, communication, organizational, and teamwork skills are expected.
- Applicants should demonstrate a keen interest in investing.
- Applications are reviewed on a rolling basis.
- The application deadline is September 25, 2026, at 11:55 PM ET.
- HireVue responses must be completed by September 27, 2026, at 11:55 PM ET.
- The stated expected base pay is $36.06 per hour at the commencement of employment.
- Participation in the internship does not guarantee or necessarily correspond to a full-time position at Morgan Stanley.
How to Apply
Interested candidates should apply through Morgan Stanley’s official careers platform and complete the required application and HireVue process.
Apply HERE
Conclusion
The Morgan Stanley 2027 Investment Management Sophomore Summer Analyst Program – Private Credit & Equity is a 10-week undergraduate summer internship based in New York that provides exposure to private-market investing and the investment management process.
Participants will join the Tactical Value team and have opportunities to contribute to investment research, due diligence, financial forecasting, valuation modeling, investment memoranda, portfolio monitoring, market analysis, and other investment-related projects.
The program is designed for Bachelor’s degree students graduating between December 2028 and June 2029, with Morgan Stanley seeking candidates who demonstrate strong academic performance, communication ability, analytical thinking, teamwork, initiative, organization, problem-solving skills, and a genuine interest in investing.
With an expected base pay rate of $36.06 per hour, a structured 10-week program, formal training, and practical exposure to private-market investment activities, the opportunity provides undergraduate students with a direct introduction to investment management.
Interested applicants should note the two critical deadlines: September 25, 2026, at 11:55 PM ET for the application and September 27, 2026, at 11:55 PM ET for the HireVue questionnaire. Since applications are reviewed on a rolling basis, eligible students should prepare their resumes and application materials well before the deadline.
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