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2025 Investment Banking Summer Associate Program (Real Estate)

AT Morgan Stanley
Morgan Stanley

2025 Investment Banking Summer Associate Program (Real Estate)

New York, NY

Morgan Stanley is a worldwide leader in investment banking. We are one of the top firms in mergers & acquisitions (M&A), underwriting of equity transactions, corporate debt issuance, and high-yield debt financing. With professionals in 30 countries, we are consistently recognized for our performance in traditional and innovative financing solutions, helping clients around the world to make decisions about their business strategy and financial structure.

Role and Responsibilities

Summer Associates in the Real Estate Banking Group work exclusively in that practice which covers a diverse set of REITs, commercial property/lodging companies, developers and real estate private equity fund managers. The Real Estate Banking group operates as a global team involved in sourcing and executing a broad range of public and private capital markets and M&A/strategic advisory transactions. The group executes all its own M&A/advisory transactions, without the use of generalist M&A professionals, which provides team members with the opportunity to develop strong analytical and technical skills and to gain significant transaction execution experience. Summer Associates have the opportunity to work on all transaction types with significant exposure to senior investment bankers in the group.

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Role and responsibilities of a Summer Associate vary but may include:
  • Managing and assisting in the execution of corporate finance transactions.
  • Performing financial analysis, strategic business analysis and detailed industry research.
  • Contributing to team discussions and client meetings.
  • Preparing and delivering client presentations in a clear and compelling manner.

Qualifications/ Skills/ Requirements
  • You are an MBA or a J.D. student graduating between December 2025 and June 2026.
  • You have at least two to three years of work experience (preferred).
  • You can manage multiple projects, provide complicated financial analysis, and develop appropriate corporate finance solutions.
  • You have excellent analytical and decision-making abilities.

Expected base pay rate for the role will be $175,000 USD per year at the commencement of employment. However, base pay is only part of the total compensation package, which, depending on the position, may also include discretionary bonuses 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).

Job Level

Summer Associate

Program

Summer Associate

Client-provided location(s): New York, NY, USA
Job ID: Morgan-17268
Employment Type: Other

Perks and Benefits

  • Health and Wellness

    • Health Insurance
    • Dental Insurance
    • Vision Insurance
    • Life Insurance
    • Short-Term Disability
    • Long-Term Disability
    • Fitness Subsidies
    • On-Site Gym
    • Pet Insurance
    • Mental Health Benefits
    • FSA
    • Virtual Fitness Classes
    • HSA
  • Parental Benefits

    • Fertility Benefits
    • Adoption Assistance Program
    • Family Support Resources
    • Return-to-Work Program
    • Birth Parent or Maternity Leave
    • Non-Birth Parent or Paternity Leave
    • Adoption Leave
  • Work Flexibility

    • Hybrid Work Opportunities
  • Office Life and Perks

    • Commuter Benefits Program
    • Company Outings
    • On-Site Cafeteria
    • Holiday Events
  • Vacation and Time Off

    • Paid Vacation
    • Paid Holidays
    • Leave of Absence
    • Volunteer Time Off
    • Personal/Sick Days
  • Financial and Retirement

    • 401(K) With Company Matching
    • Stock Purchase Program
    • Performance Bonus
    • Relocation Assistance
    • Financial Counseling
  • Professional Development

    • Tuition Reimbursement
    • Promote From Within
    • Mentor Program
    • Access to Online Courses
    • Lunch and Learns
    • Work Visa Sponsorship
    • Leadership Training Program
    • Associate or Rotational Training Program
    • Internship Program
  • Diversity and Inclusion

    • Diversity, Equity, and Inclusion Program
    • Employee Resource Groups (ERG)