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When clients need capital, Global Capital Markets (GCM) responds with market judgments and ingenuity. Whether executing an IPO, a debt offering or a leveraged buyout, GCM integrates Morgan Stanley’s expertise in Sales and Trading and Investment Banking, offering clients seamless advice and sophisticated solutions. GCM originates, structures and executes public and private placement of equities, investment-grade and noninvestment-grade debt and related products. The group provides fresh ideas and broad distribution to help clients get the most out of each stage of a transaction, and continually develops capital markets solutions to enable clients to mitigate strategic, operational, credit and market risks.

The Leveraged Finance (‘Lev Fin’) group sits within GCM and focuses on providing comprehensive and innovative financing advice to financial sponsors and non-investment grade issuers across industries. This includes advising clients on optimal capital structure, underwriting financing packages, negotiating terms and documentation, advising on execution considerations and distribution to the institutional syndicated market or private capital markets. Lev Fin offers a mix of products (HY bonds, leveraged loans, private credit) which help our clients facilitate LBO (‘Leveraged Buyout’) and M&A transactions, repurchase shares, refinance existing debt as well as provide them with working capital and liquidity. The Lev Fin group is made up of syndicate, industry coverage, private credit advisory and asset based lending. In addition to interacting with corporate and sponsor clients and investment banking, Lev Fin works closely with sales and trading and high yield and leveraged loan investors.

Our New York office is looking for an Associate to join the Leveraged Finance Capital Markets team. 

Primary Responsibilities:

- Assisting with underwriting, marketing, and execution of transactions

- Preparation of marketing pitches, review and formulation of financial analysis, client presentations, and deal underwriting memos

- Assist colleagues in all aspects of deal execution processes for leveraged loan, high yield bond and private credit transactions including investor outreach, roadshow scheduling, investor feedback tracking, data room maintenance, and primary deal allocations

- Extraordinarily high level of motivation, attention to detail, strong work ethic, and decision-making abilities

- Excellent written and verbal communication skills and a positive attitude

- Strong interest in and understanding of Capital Markets and Investment Banking

- Analytical, quantitative, adaptive, hungry, a self-starter, a leader, a team player, a multitasker, and a results-oriented individual

- High proficiency in Excel, Word and PowerPoint

- Commercial instinct and ability to perform under pressure and tight deadlines

- Interest in developing a career in Global Capital Markets

- Bachelor’s degree is required; MBA, CA, and/or CFA designation is an asset

- 3+ years of Leveraged Finance or Investment Banking experience

- Series licensing or must obtain (SIE, S79, S7, S63)

Expected base pay rates for the role will be between $150,000 and $225,000 per year at the commencement of employment.  However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

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).