2026 Fixed Income Summer Analyst Program (Houston)

The Fixed Income Summer Analyst Program in Houston is a 10-week program within the Commodities Division, including one week of classroom training. The Commodities Division is a market leader in energy, metals, and agricultural product trading worldwide whose professionals trade in both physical and derivative commodity risk. Over the course of the summer, the Summer Analysts receive on-the-job training, benefit from working alongside experienced professionals on meaningful projects, and build their skillsets in a dynamic and evolving environment.

To be considered for the program, please apply via the Morgan Stanley website: 2026 Fixed Income Summer Analyst Program (Houston) - Morgan Stanley Campus

Program Overview
Summer Analysts begin with a one-day orientation where they are introduced to the Firm’s businesses and learn what it’s like to be an employee at Morgan Stanley. Fixed Income Summer Analysts then attend Sales & Trading division-specific training where they learn core skills essential for success. The curriculum includes daily market updates, business-specific overviews, and basic product and technical training.

Role & Responsibilities
•Sales: Understand how a client base is developed and maintained; create investment ideas; learn how we sell and cross-sell the Firm’s products; represent the Firm when interfacing with clients on important business issues.
•Trading: Assist in generating trade ideas and analysis; support all aspects of the market-making and trade execution process, from providing research analytics on trades to relative value analysis.
•Strategy: Help develop investment recommendations on Fixed Income Securities through the study and analysis of market fundamentals and technical research. Understand how we use the existing firm model database to develop new models.
•Structuring: Learn how to build valuation models to help issuers and investors optimize a transaction’s economics, and quantify sources of value and risk.

Qualifications & Skills
•You are pursuing an undergraduate Bachelor’s degree or a 1 -Year Master’s degree with a graduation date of December 2026 or Spring 2027.
•Minimum 3.0 GPA.
•While no prior knowledge of finance or sales & trading is required, you must have a keen interest in finance and markets.
•You are analytical, adaptive, possess a strong work ethic, are a leader yet team player, as well as a multi-tasker.
•You possess strong oral and written communication skills.

Applications will be reviewed on a rolling basis and we encourage you to apply as soon as you are ready. In order to be considered a complete application, students must submit an application and complete a HireVue (instructions emailed upon submission of application). Applications will close on Tuesday, April 15. To be considered for the program, please apply via the Morgan Stanley website: 2026 Fixed Income Summer Analyst Program (Houston) - Morgan Stanley Campus
 

Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.
It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).