The Analyst or Associate will join the Hardlines, Broadlines, and Food Retail team at Morgan Stanley in New York City, focusing on a variety of retailers such as Walmart, Home Depot, and Costco. This role involves conducting equity research by analyzing macroeconomic and microeconomic conditions, as well as company fundamentals. The candidate will be responsible for creating financial models and translating data into insightful research reports. A commitment to excellence and a passion for the markets are essential for success in this position.

• 1-3 years of professional experience in equity research, investment banking, or capital markets
• Proven experience using Excel to build and maintain financial models; advanced Excel proficiency is required
• Strong written and verbal communication skills, with the ability to present analysis clearly and defend conclusions
• Demonstrated interest in public markets and a genuine curiosity about stock performance and valuation
• Curiosity about retail, consumer behavior, and competitive positioning
• Strong attention to detail and commitment to accuracy
• Ability to adapt quickly and work well under pressure
• Strong PowerPoint skills are required, and experience with Python is a plus but not required
• CFA designation or progress toward CFA preferred

• Create and maintain earnings, valuation, and industry models using accounting, finance, and economics skills
• Translate company, industry, consumer, market, and alternative data into insightful research reports
• Write research reports for initiations of coverage, data analysis, earnings results, company updates, and industry news
• Develop and maintain relationships with investor relations personnel and management of companies under coverage
• Engage with institutional investors by responding to in-depth questions and addressing bespoke requests
• Support internal sales and trading teams with timely analysis of sector breaking news
• Adopt and apply AI-enabled research tools to accelerate information gathering and data analysis
• Conduct industry diligence and primary research through surveys and expert conference calls
• Collaborate with cross-functional teams to produce larger industry reports

• Morgan Stanley offers extensive benefits that support employees’ careers, health, finances, and families, including top-tier medical coverage, mental health support, generous parental leave, fertility and family-building benefits, and robust retirement and stock purchase plans. Employees also gain access to continuous learning and networking opportunities, volunteer and giving programs aligned with the firm’s values, and hundreds of lifestyle perks like discounted products, cultural and entertainment tickets, and commuter savings.