2026 Public Finance Summer Analyst Program (San Francisco)

The Public Finance Summer Analyst Program a 10-week program, including one week of classroom training. The program provides undergraduate students an opportunity to master the analytical, quantitative and interpersonal skills necessary to develop an exciting and rewarding career on Wall Street. Summer Analysts assume the functions of Full Time Analysts, servicing the Firm’s investment banking clients in the public sector and not-for-profit sector across the United States. Over the course of the summer, Summer Analysts are given an opportunity to explore multiple product areas, including Infrastructure (States, Cities and Local Governments), Higher Education and Not-for-Profit Institutions, Healthcare, Affordable Housing, Public Power and Utilities and Syndicate.

Training Program:

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. Public Finance Summer Analysts then attend divisional Sales & Trading training, where they learn the core skills required to be successful on the job, as well as Public Finance-specific training. The curriculum includes market updates, bond math, the fundamentals of tax-exempt municipal bonds and credit risk analysis. In addition, Summer Analysts have several opportunities to network with peers, mentors and managers through speaker events, teambuilding sessions, learning lunches, community service and social events.

Responsibilities:

Summer Analysts in Public Finance will collaborate with Full-time employees to develop the skills they will need to have a successful summer, including:
•Draft presentation materials, memos and responses to Requests for Proposals to generate new business.
•Develop structuring, cash flow financial models, primarily for bond transactions.
•Shadow full-time employees as they communicate complex ideas and solutions with potential and existing clients.

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.

Qualifications/Skills/Requirements:
•You are pursuing an undergraduate degree with a graduation date of December 2026 or Spring 2027.
•You have a minimum GPA of 3.0 GPA.
•You have a compelling interest in and knowledge of the financial markets, specifically in municipals and public finance.
•You have an advanced knowledge of MS Excel (preferred).
•Strong work ethic, collaborative, ability to multi-task.
•Adaptable, versatile, and analytical.

Please note you must submit an application our website to be considered: 2026 Public Finance Summer Analyst Program (San Francisco) - Morgan Stanley Campus