Investment Management Spring Co-Op Program - Fixed Income

Program Overview Morgan Stanley Investment Management (MSIM) hires undergraduate co-ops to simultaneously contribute to and learn about various groups within our division.

Co-ops spend six months fully immersed in their work and MSIM culture, resulting in an enriching and formative experience.

The co-op role within MSIM is primarily a learning and growth opportunity, which does not necessarily correlate with full-time opportunities within the firm.

Position Overview This position will be responsible for assisting mortgage-backed securities (MBS) Traders and Analysts with the daily processes of the MBS Trading Desk and long-term research projects.

This will include various daily responsibilities, market research, and various ad-hoc projects.

The co-op acts as a fully integrated member of the MBS Investment Team and is expected to perform at a high level in all responsibilities.

Responsibilities * Manage and update large prepayment data sets using RiskSpan, Tableau Yield Book, and Bloomberg * Calculate fund analytics such as duration and weighted average life using Yield Book * Compile and organize trade color and market data for Portfolio Managers and Traders * Incorporate new data sources into current reports * Track mortgage rates across various originators * Monitor fund leverage usage and cash levels * Assist Traders in their daily tasks such as pricing and compiling trade packets * Create and maintain competitor reports * Summarize remittance reports for Portfolio Managers * Create reports and complete projects on an ad-hoc basis for Portfolio Managers, Analysts, and Traders to use when evaluating securities Requirements * Available to start in January 2026 and finish role at end of June 2026 * Ability to extend co-op into early July 2026 preferred * Able to commute into downtown Boston for primarily in-person working requirement * Pursuing a Bachelor's degree with an expected graduation date after December 2026 * Major or minor in Finance, Economics, Computer Science, Data Science, or related field * Demonstrated interest in financial markets and asset management through either coursework or work/internship experience * Previous coding experience * Knowledge of Python or SQL preferred * Strong Excel skills and ability to work with large datasets * Ability to learn and use new software applications (i.e.

Bloomberg, Yield Book, Tableau, Blackrock applications) * Excellent organizational, interpersonal, and time management skills * Excellent record of academic achievement * Positive attitude, strong work ethic, and attention to detail Application Process and Deadline In order to be considered, candidates must apply with their resume and transcript through the Morgan Stanley website.

Resumes will be reviewed on a rolling basis starting September 22nd, 2025 and continuing through October 3rd, 2025 or until the role is filled, whichever comes first.

Expected base pay rate for the role will be $30 - $40 per hour at the commencement of employment.

However, base pay is only part of the total compensation package, which, depending on the position, may also include discretionary bonuses and other Morgan Stanley sponsored benefit programs.

Job Level Co-op Program Spring Co-op