Morgan Stanley offers the 2026 Investment Management Spring Co-Op Program in Fixed Income Mortgage Backed Securities, New York City. Apply today.

🚀 Morgan Stanley Spring Co-Op 2026

💼 Job Role & Category

Role: Spring Co-Op – Fixed Income / Mortgage-Backed Securities (MBS/ABS)
Category: 6-month Co-Op / Internship (Spring 2026)

🏢 Why Join Morgan Stanley?

Morgan Stanley is a global leader in financial services, with strengths in investment banking, wealth management, and institutional investing. Its Investment Management division (MSIM) manages assets globally across equities, fixed income, alternatives, and more, delivering robust returns and scalable strategies.

By joining as a co-op, you get a front-row seat into institutional fixed income markets, working alongside experienced traders, analysts, and portfolio managers. The firm is known for its rigorous culture, mentorship, and real-world learning opportunities, making it an excellent stepping stone for careers in asset management.

📝 Job Summary

Morgan Stanley’s 2026 Spring Co-Op role in New York is designed for undergrads to contribute to and learn from the securitized products (MBS / ABS / CMBS) team. Over six months, you’ll support daily tasks, data analysis, research projects, and integrate fully into the investment process, working side by side with analysts, traders, and portfolio managers.

🔧 Key Responsibilities

Based on the JD:

Manage and update large data sets using RiskSpan, Tableau, Yield Book, Bloomberg, Dataiku
Calculate fund analytics like duration, weighted average life
Compile and organize trade color and market data for Portfolio Managers and Traders
Integrate new data sources into existing reporting
Track spreads and trading volume across sectors
Monitor fund leverage and cash levels
Assist Traders with day-to-day tasks (pricing, trade packets)
Create and maintain competitor reports
Summarize remittance reports for PMs
Handle ad-hoc projects and reporting for Analysts, Traders, and PMs

✅ Who Can Apply?

Timeline / Availability

Must begin in January 2026 and end June 2026
Able to commute to 1585 Broadway, New York for primarily in-person work

Academic / Major Requirements

Pursuing a Bachelor’s degree with expected graduation after December 2026
Major or minor in Finance, Economics, Computer Science, Data Science, or related field

Skills & Experience

Demonstrated interest in financial markets / asset management (via coursework or internships)
Prior coding experience
Strong Excel skills, comfortable with large datasets
Ability to quickly learn new software applications (Bloomberg, Yield Book, Tableau, etc.)
Organized, good interpersonal & time management skills
Strong academic record, attention to detail, positive attitude

📍 Work Location & Type

Location: New York, NY (1585 Broadway, in-person)
Work Type: Primarily in-person, co-op role
Remote / Hybrid: Not specified in the job description

💰 Salary Insights

The JD states a base pay of $30 – $40 per hour at the start of employment.

For context and validation:

Morgan Stanley intern total pay ranges in the U.S. tend to be $55,000 – $99,000 per year (base + extras) for full-year equivalents.
Summer analyst / intern roles frequently report hourly rates around $20–$43/hr depending on role.
Morgan Stanley’s tech intern roles have posted rates like ~$52.88/hr in NY.

So your hourly range of $30–$40/hr aligns well with market norms for specialized finance / fixed income internships in NYC.

🎁 Perks & Benefits

While the JD doesn’t enumerate all perks, common benefits and norms for top finance firms like Morgan Stanley include:

✅ Paid hourly compensation / stipend
🌐 Access to industry tools and data platforms
🎓 Mentorship, training, and exposure to senior professionals
📚 Opportunity for significant resume leverage and learning
🧭 Networking with peers, PMs, traders, analysts
🏦 Potential discretionary bonus or additional compensation components
✅ Comprehensive benefits (where applicable) for interns per firm policy

📝 How to Apply

📢 How to Apply for Morgan Stanley 2026 Spring Co-Op:

Visit the Morgan Stanley Careers site
Find the 2026 Spring Co-Op – Fixed Income / Securitized Products listing
Submit resume and transcript through their application portal
Applications open September 22, 2025 (rolling review) until October 3, 2025, or until filled (whichever comes first)
Ensure your application is complete and accurate

If you face any issues while applying. Do let us know in the comment section

APPLY LINK

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❓ FAQs

Q1. What is the selection process?
Not fully detailed in the JD. Likely steps: resume review → interviews (technical / investment / fit) → final selection.

Q2. Is remote or hybrid work allowed?
No — the JD mandates work primarily in-person at the New York office. Remote/hybrid options are not specified.

Q3. What skills are mandatory?
Strong Excel, comfort with large datasets, coding ability, proficiency with tools like Bloomberg, and interest in markets / fixed income.

Q4. Can non-finance majors apply?
Yes — the JD allows majors in Computer Science, Data Science, Economics, etc., not strictly finance.

Q5. What happens after the co-op?
This is primarily a learning role and “does not necessarily correlate with full-time opportunities within the firm.” (as per JD)

Morgan Stanley Investment Management Internship 2026 – New York ✅

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