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Fixed Income Division - Associate, Rates Sales (London)

Morgan Stanley · Experienced hire · London, United Kingdom

No deadline given. It closes when the places fill, which on a sought-after London desk is often weeks after it opens. Apply as if it closes tomorrow.

Posted 8 September
Apply on the firm's site

Team: FICC

Who to write to at Morgan Stanley

What this title actually means

The title reads Fixed Income Division, naming the division; Associate, the seniority band; Rates Sales, the desk selling interest rate products; with London in brackets giving the location. Source

Associate combined with Rates Sales places the seat in the client-facing sales function of the rates business, rather than trading or structuring.

The team

The posting calls the desk FID Interest Rate Sales and the Interest Rate Sales business, with the successful candidate responsible for selling Interest Rate products and initially supporting senior salespeople on executing transactions. Source

The Fixed Income Division (FID) is comprised of Interest Rate and Currency Products, Credit Products, Securitized Products, and Municipal Securities, and the associate is expected to interact with partners in other fixed income divisions including FX, credit and commodities to cross-sell. Source

About 24 people have held London roles at FICC since 2018.

The firm

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. Source

About 520 people have held London roles at Morgan Stanley overall since 2018.

What this posting signals

The role is posted as Analyst/Associate and the overview says the firm is looking for a candidate with prior interest rate sales experience, so this is not a graduate intake. Source

With no stated deadline, applications are likely reviewed on a rolling basis.

Are you eligible?

The posting asks for prior Interest Rate Sales experience, a strong analytical mindset, knowledge of various interest rate products including vanilla and exotic derivatives, and strong technical and analytical skills with a commercial mindset. Source

It says ideally a master's degree in a STEM subject (science, technology, engineering, and math) or a finance related topic, a strong understanding of numbers and basic programming concepts, and the ability to speak a second language. Source

The role is deemed a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks. Source

Ready to apply?

No deadline given, so it closes when the places fill.

Apply on the firm's site

Before you send it

Most junior seats are filled by someone writing to the right person before a portal fills up. Here is one of the people Morgan Stanley publishes, in full.

3 people. Their role, the page the firm names them on, and how to reach them

Adam Jonas
Head of Global Autos and Shared Mobility Research

Search their name and the firm on LinkedIn.

The route that always works, and the one they are most likely to read.

The firm publishes this person, and publishes no address we could read for anyone here, so there is no pattern to show you either. Search their name and firm on LinkedIn and write from your own account.

2 more people, in the same shape as the one above.

What membership includes

Get your CV read and rewritten free, and with off-market intelligence, tailored to this exact desk, rebuilt around what this team actually does rather than what the advert says.

Words in this posting, explained

Tap one to read what it actually means. Two minutes each.

Associate
seniority

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