Morgan Stanley 2027 Sustainable Finance Fellowship Program: Apply for the 10-Week Summer Fellowship in New York, USA

The Morgan Stanley 2027 Sustainable Finance Fellowship Program is an opportunity for current graduate students interested in sustainable investing, financial markets, environmental and social impact, and responsible economic growth. Based in New York City, United States, the fellowship offers participants the opportunity to work with teams across Morgan Stanley that focus on directing capital towards sustainable investments and developing financial solutions to global challenges. The 10-week summer fellowship is scheduled to run from early June to mid-August 2027. Fellows will be assigned to sustainability- or impact-focused teams according to their interests, skills, and the firm's business needs. Through practical projects, research, analytical assignments, and professional development activities, participants will gain exposure to the growing field of sustainable finance. Applications are open until November 13, 2026, at 11:55 p.m. Interested candidates should prepare their resumes and submit a separate written response addressing a sustainability issue that deserves greater attention from investors, businesses, or policymakers. Overview of the Morgan Stanley 2027 Sustainable Finance Fellowship The Sustainable Finance Fellowship is designed to cultivate emerging professionals who want to contribute to the development of financial strategies that consider both economic performance and environmental or social outcomes. Morgan Stanley works with businesses, investors, and other stakeholders to explore how financial capital can support sustainable economic growth. Through its Global Sustainability Office and the Institute for Sustainable Investing, the firm develops sustainable finance solutions, creates investment tools, and produces research to help investors understand sustainability-related opportunities and challenges. The fellowship allows graduate students to gain practical experience within this environment. Rather than focusing exclusively on classroom learning, participants contribute to projects and analytical work that support the firm's sustainable investing initiatives. Key programme details • Programme name: Morgan Stanley 2027 Sustainable Finance Summer Fellowship. • Host organisation: Morgan Stanley. • Location: New York City, New York, United States of America. • Programme duration: 10 weeks. • Expected programme period: Early June to mid-August 2027. • Programme level: Summer Associate. • Job level: Associate. • Job reference number: 20895. • Application deadline: November 13, 2026, at 11:55 p.m. • Work arrangement: In-person attendance at Morgan Stanley's New York City offices for the full 10 weeks. • Target applicants: Students currently pursuing a master's degree or enrolled in a graduate-level programme. • Compensation information: The advertised role lists an expected base pay rate of $135,000 USD per year at commencement of employment. This is an annualised base pay figure, not a stated 10-week fellowship stipend. Applicants should review the official programme announcement carefully to understand the application requirements and the commitment involved. About Morgan Stanley's Sustainable Finance Initiatives Morgan Stanley is a global financial services firm that works across areas of investment banking, securities, wealth management, and investment management. Its sustainable finance work focuses on how investment decisions and financial markets can contribute to economic growth while addressing environmental and social challenges. The firm's Global Sustainability Office and Institute for Sustainable Investing play important roles in this work. Their activities include supporting the development of sustainable investing tools, researching emerging market trends, and helping investors understand how sustainability issues can affect investment decisions. Sustainable investing considers environmental, social, and governance-related factors alongside financial considerations. Depending on the investment strategy, this can involve examining climate risks, resource use, social outcomes, business practices, and the long-term resilience of companies and industries. The fellowship provides an opportunity for graduate students to learn how these considerations are incorporated into real-world financial analysis and business decisions. The Global Sustainability Office The Global Sustainability Office supports Morgan Stanley's work on sustainability-related strategy and initiatives. Fellows assigned to this area may contribute to projects that examine emerging sustainability challenges, business opportunities, and approaches to mobilising capital for sustainable economic development. The Institute for Sustainable Investing The Institute for Sustainable Investing contributes to the development of sustainable investing research, tools, and insights. Its work helps inform investors and other stakeholders about sustainability-related developments and their implications for financial markets. Through these functions, Morgan Stanley seeks to encourage the adoption of sustainable investing practices that aim to combine competitive financial returns with positive environmental and social impact. What Is the Morgan Stanley Sustainable Finance Summer Fellowship? The fellowship is a structured, 10-week professional experience for graduate students who want to develop their understanding of sustainable finance. Participants will work with sustainability- or impact-focused teams within the firm. The precise placement will depend on each fellow's interests, skills, and Morgan Stanley's organisational requirements. Previous placement teams have included: • Global Sustainability Office: Work connected to sustainability strategy and firmwide sustainability initiatives. • Global Capital Markets (GCM): Exposure to capital markets activities and the financial mechanisms that help organisations raise capital. • Private Credit and Equity (PC&E): Potential exposure to private-market investment activities and the assessment of investment opportunities. • Wealth Management Investing with Impact (IIP): Work connected to investment approaches that consider environmental and social impact alongside financial objectives. These are examples of previous placement teams, not a guarantee that every team will be available for the 2027 cohort. The team-based structure gives fellows the opportunity to explore different aspects of sustainable finance and understand how sustainability considerations influence decisions across financial services. Objectives of the Fellowship Programme The programme is intended to engage and develop emerging leaders in sustainable finance. It combines practical assignments with professional learning and networking opportunities. Its key objectives include: • Developing sustainable finance expertise: Introducing fellows to the processes, research, and analytical methods used to assess sustainability-related investment opportunities. • Strengthening analytical skills: Giving participants opportunities to research industries, interpret data, evaluate trends, and support strategic business decisions. • Promoting sustainable investment solutions: Allowing fellows to contribute to projects that support the development of sustainable investing tools and initiatives. • Building professional networks: Connecting fellows with sustainable finance practitioners and senior leaders across Morgan Stanley. • Improving communication and presentation skills: Providing opportunities to organise complex information and communicate findings clearly. • Encouraging leadership and initiative: Enabling participants to contribute independently and collaboratively to projects with practical business objectives. For students considering careers in sustainable finance, investment research, sustainability strategy, or impact-focused financial services, the programme can provide valuable exposure to professional practice. Roles and Responsibilities of Sustainable Finance Fellows The responsibilities of each fellow will vary according to their assigned team and project. However, Morgan Stanley identifies several possible areas of work. 1. Strategic business analysis Fellows may support the assessment of business opportunities, market developments, and sustainability-related initiatives. This work can involve reviewing information, identifying relevant patterns, and helping teams evaluate potential strategies. Strategic analysis is important in sustainable finance because organisations must consider how environmental and social issues affect business performance, investment decisions, and long-term economic outcomes. 2. Industry research Participants may conduct detailed research into industries, companies, markets, and emerging sustainability themes. Research tasks may involve collecting information from relevant sources, comparing developments, and preparing findings for internal use. Examples of themes that may be relevant to sustainable finance include climate transition, energy systems, resource efficiency, sustainable infrastructure, and the financing of solutions to environmental and social challenges. These are illustrative themes rather than confirmed assignments for the 2027 fellowship. 3. Financial modelling Some placements may involve building or contributing to complex financial models. Financial modelling helps professionals examine financial assumptions, evaluate potential outcomes, and understand the economic implications of different investment decisions. The programme description does not specify a particular financial modelling software package or guarantee that every fellow will undertake this responsibility. Nevertheless, applicants should be prepared for the possibility of analytical work involving financial data and quantitative reasoning. 4. Preparing and delivering presentations Fellows may be expected to organise research findings and present information in a clear, compelling manner. This responsibility requires the ability to explain complex topics to different audiences, distinguish important findings from background information, and communicate conclusions in a structured way. 5. Monitoring market news Participants may monitor developments in financial markets, sustainability policy, investment activity, and relevant industries. Keeping up with market news can help teams identify emerging opportunities and risks. It also helps professionals understand how changes in regulation, technology, consumer expectations, and economic conditions may influence sustainable investing. 6. Researching emerging industry trends Sustainable finance continues to evolve as businesses and investors respond to environmental pressures, social priorities, technological developments, and changes in public policy. Fellows may investigate these trends and assess their implications for investment strategies or business initiatives. This work can require critical thinking, careful source evaluation, and the ability to connect broader developments with financial decisions. 7. Gathering and analysing data Data collection and analysis may form part of a fellow's project responsibilities. Participants may organise information, identify patterns, compare results, and prepare evidence to support business decisions. Strong analytical skills and attention to detail will be useful in these assignments. 8. Supporting sustainable investing initiatives Fellows may contribute to or lead projects designed to support sustainable investing. Depending on the placement, this could involve research, project coordination, analysis, presentations, or the development of recommendations. The exact nature of these projects will depend on the team and the firm's priorities during the fellowship period. Professional Development, Networking, and Learning Opportunities In addition to project work, the fellowship includes firmwide and divisional programming inte

• Currently pursuing a master's degree or enrolled in a graduate-level programme • Resume required • Written response addressing a sustainability issue that deserves greater attention from investors, businesses, or policymakers • In-person attendance at Morgan Stanley's New York City offices for the full 10 weeks