Research
Morgan Stanley Investment Research is uniquely committed to being an essential part of our clients' investment process. We strive to be the sell-side research provider that best understands the buy side. Through relevant and timely conversations with leading investors, we focus resources on risk-reward essentials: identifying the investor debates, assessing the potential outcomes, and uncovering the evidence our clients need to validate their investment decisions. Our equity analysts cover some 3,000 stocks; our economists, strategists and fixed income analysts cover all major regions and other asset classes around the globe.
Equity Research
The Equity Research department is responsible for researching macroeconomic and microeconomic conditions, along with company fundamentals. It also collects and analyses financial information to make investment recommendations on stocks in specific sectors. Research analysts build financial models to explore alternative scenarios, examine industries and communicate with companies and investors. Equity Research team members discuss their analysis and investment recommendations in research notes. A career in investment research at Morgan Stanley demands a commitment to excellence and a passion for the markets as well as the highest level of integrity.
We are seeking an experienced Associate-level member to join our Autos & Shared Mobility team.
Primary Responsibilities
• Create and maintain financial and industry models, leveraging skills in accounting, finance, and economics
• Translate company, industry, consumer, and market or alternative data into insightful research reports with clear investment debates, differentiated conclusions, and actionable stock calls
• Develop and maintain relationships with management of companies under coverage, industry specialists, and other key leaders of opinion
• Engage with institutional investors by responding to in-depth questions, addressing bespoke requests, and helping communicate the team's highest-conviction views
• Support internal sales and trading teams with timely analysis of sector breaking news
• Adopt and apply AI-enabled research tools judiciously to accelerate information gathering, model maintenance, data analysis, and workflow execution while maintaining analytical rigor, source verification, and quality control
• Conduct industry diligence and primary research through surveys, expert conference calls, and channel checks to evaluate industry trends
• Collaborate with cross-functional teams to produce larger industry reports
Qualifications
• At least 2 years of professional experience in equity research or investment banking
• Proven experience using Excel to build and maintain three-statement financial models; advanced Excel proficiency is required
• Strong written and verbal communication skills, with the ability to present analysis clearly, defend conclusions, and contribute positively in client-facing discussions
• Demonstrated interest in public markets and a genuine curiosity about what drives stock performance, investor debates, and valuation
• Comfort adopting AI-enabled tools and new technologies to improve research efficiency, with the judgment to verify outputs, protect data integrity, and apply tools appropriately
• Demonstrated attention to detail and commitment to accuracy
• Ability to adapt quickly and work well under pressure
• High EQ, strong personal drive, energy, creativity, curiosity, organization, and a team-oriented mindset
• Experience with Python is a plus but not required
• CFA designation or progress toward CFA preferred
Expected base pay rates for the role will be between $150,000 and $200,000 per year for Associate, 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.
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