2026 Global Capital Markets Industrial Placement Program (Sydney) Job Description 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. Our Industrial Placement Program is aimed at undergraduates who are either required by their degree or are able to complete a longer internship period. The six-month internship (June/July 2026 start depending on business needs and candidate availability) is designed to provide a realistic view of Global Capital Markets by having the interns assume the functions of Full-Time Analysts. Along the way, you will obtain a strong foundation in the basic skills of financial analysis and deal execution. You will be expected to start learning how to market the Firm’s products and services effectively. Training Program This intensive six-month program includes an orientation to Morgan Stanley’s businesses and technical training. Your training will continue throughout the internship with structured learning sessions run by senior executives. Similarly, you will have many opportunities to integrate with peers and senior staff through a series of networking, social, charity and mentoring events. Role and Responsibilities The work is challenging, and Industrial Placement Interns are encouraged to roll up their sleeves, dig into financial statements and construct innovative solutions. You will spend the internship in Equity Capital Markets or Fixed Income Capital Markets, building a foundation of financial skills and a solid understanding of the markets. You will have a mentor and buddy aid in your development and to provide greater exposure to GCM and the Firm. You will be encouraged to take on responsibility quickly and help bridge various topics from new trends in the marketplace to group overviews. Qualifications and Skills You are pursuing an undergraduate Bachelor’s or Master's degree with a graduation date between June 2027 and February 2028. You have an ability to manage multiple projects, provide complicated financial analysis, and develop appropriate corporate finance solutions. Extraordinarily high level of motivation and attention to detail Strong written and verbal communication skills Commercial instinct and ability to perform under pressure and tight deadlines Interest in developing a career in Global Capital Markets Eligibility Applicants must be: (1) in their penultimate year of study (October 2027 and February 2028); and (2) an Australian citizen, New Zealand citizen, or Australian permanent resident at the time of application. Application Process and Deadline Application processes may vary by location but typically follows: CV Online Video Interview Interviews In order to be considered, candidates must apply by April 5, 2026 at 23:55 AEST.