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Investment Banking Healthcare Analyst / Associate – New York or San Francisco

Morgan Stanley

Company websitemorganstanley.com (Morgan Stanley, opens in new tab)

Base salary From $110K

Employer-published annual base salary, USD. Advertised base range in United States

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  • LocationUnited States
  • WorkplaceWorkplace not stated
  • Status at last checkSource accepting applications when checked
  • Last checked (14 min ago) · observed since

About this job

Our Healthcare Group is looking for an Investment Banking Analyst or Associate to join the New York or San Francisco office. The successful candidate will have the opportunity to work with clients across the healthcare industry on a wide range of complex transactions including strategic advisory assignments and executions of public and private capital markets transactions. The successful candidate will be expected to have advanced technical skills including expertise in all forms of modeling related to strategic advisory and capital markets transactions. The successful candidate will have the opportunity to work closely with professionals throughout the firm to deliver high quality advice to our clients. You will play an important role on a team of high-performing industry professionals who will encourage you to take on meaningful responsibility on some of the most important transactions happening in the industry.


Qualifications:


- 1-5 years of experience within the investment banking industry as an Analyst or Associate, or an MBA, with a proven track record working on executed deals across M&A and various industry sectors

- Experience in the healthcare industry is preferred, but not required

- Excellent written and verbal communication skills and strong teambuilding skills

- Experience modeling related to all relevant transactions

- Bachelor’s degree is required; an MBA would be an asset

- Series licensing or must obtain

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years.  Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work.

To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices​ into your browser.

Expected base pay rates for the role will be between $110,000 and $125,000 per year for an Analyst, and between $150,000 and $225,000 per year for an Associate, 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 is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background.  Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.

For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.

Source: Morgan Stanley on Workday · View original posting (opens in new tab)

How this pay compares

Base floor $110,000, above 11% of the 673 Finance & Accounting roles in New York on this site; the other 89% list the same floor or a higher one. Observed open for 24 days so far (since Oct 14, 2026).

Pay in context

Among 673 Finance & Accounting roles in New York listed on this site, the median base floor is $144,000 and the middle half runs from $117,520 to $175,000. This role's floor ($110,000) is above 11% of them; 68 others list the same floor.

Base floors of 673 Finance & Accounting roles in New York

Base floors of 673 Finance & Accounting roles in New York$100K to $125K: 31.8% (214); $125K to $150K: 21.2% (143); $150K to $175K: 18.7% (126); $175K to $200K: 10.3% (69); $200K to $225K: 7.6% (51); $225K to $250K: 3.6% (24); $250K to $275K: 2.4% (16); $275K and up: 4.5% (30)0%10%20%30%40%32%10021%12519%15010%1758%2004%2252%2504%275This job $110K
Each bar counts postings on this site by published base floor, in $K. The marker is this job's floor.
Table
Base floors of 673 Finance & Accounting roles in New York
Floor bandSharePostings
$100K to $125K31.8%214
$125K to $150K21.2%143
$150K to $175K18.7%126
$175K to $200K10.3%69
$200K to $225K7.6%51
$225K to $250K3.6%24
$250K to $275K2.4%16
$275K and up4.5%30
How this is calculated
Statistic
Base floor distribution of the cohort
Formula
count of cohort postings in each $25K band of published base floor / postings in the cohort
Denominator
673 open postings with this job family in New York
Sample size
673
Hidden when
needs at least 30 postings in the cohort
Calculation version
jobpage-analysis-v1
Data as of
2026-11-08
Employer set
Open jobs on this site that publish a base salary of $100,000 or more

Only jobs on this site count, and each one publishes a base salary of $100,000 or more, so this compares six-figure jobs with each other, not with the whole market. Computed Nov 8, 2026.

State against nationwide

Median base floor in New York vs nationwide

Median published base floor of the same job family, in this state and across all states, next to this job's floor.
Table
Median base floor in New York vs nationwide
Valuepostings
Finance & Accounting, New York$144K673
Finance & Accounting, all states$138K3,401
This job's base floor (marked)$110K
How this is calculated
Statistic
Median floor, state vs nationwide
Formula
median published base floor of each cohort
Denominator
open postings of this job family
Sample size
673 in New York; 3401 nationwide
Hidden when
needs at least 30 postings in both cohorts
Calculation version
jobpage-analysis-v1
Data as of
2026-11-08
Employer set
Open jobs on this site that publish a base salary of $100,000 or more

How Morgan Stanley pays

222 of Morgan Stanley's 292 live roles on this site list a higher base floor and 24 list a lower one. Across them the median floor is $120,000; the middle half runs from $115,000 to $155,000.

Base floors of Morgan Stanley's 292 live roles

Base floors of Morgan Stanley's 292 live roles$100K to $125K: 50.3% (147); $125K to $150K: 8.9% (26); $150K to $175K: 30.1% (88); $175K to $200K: 4.1% (12); $200K to $225K: 2.1% (6); $225K to $250K: 1.0% (3); $250K to $275K: 1.7% (5); $275K and up: 1.7% (5)0%15%30%45%60%50%1009%12530%1504%1752%2001%2252%2502%275This job $110K
Each bar counts this employer's live roles by published base floor, in $K. The marker is this job's floor.
Table
Base floors of Morgan Stanley's 292 live roles
Floor bandShareRoles
$100K to $125K50.3%147
$125K to $150K8.9%26
$150K to $175K30.1%88
$175K to $200K4.1%12
$200K to $225K2.1%6
$225K to $250K1.0%3
$250K to $275K1.7%5
$275K and up1.7%5
How this is calculated
Statistic
Employer base floor distribution
Formula
count of the employer's open roles in each $25K band of published base floor / its open roles
Denominator
292 open public roles at this employer
Sample size
292
Hidden when
needs at least 5 roles
Calculation version
jobpage-analysis-v1
Data as of
current
Employer set
Open jobs on this site that publish a base salary of $100,000 or more

Similar pay elsewhere

Other employers' Finance & Accounting roles in New York with the nearest published base floor to $110,000, one per employer.

This range next to 6 other live Morgan Stanley roles with the nearest advertised base floor
Chart as a table
This range next to 6 other live Morgan Stanley roles with the nearest advertised base floor
RolePublished base
Investment Banking Healthcare Analyst / Associate – New York or San Francisco (this listing)From $110K
Investment Banking Media & Communications Analyst – New York$110K - $125K
Vice President Product Manager: Client Platform Multi-Factor Authentication$110K - $190K
Mortgage Pricing & Analytics - Vice President$110K - $190K
Digital Assets - Vice President$110K - $190K
Equity Research – Analyst/Associate, Utilities & Clean Tech Associate (New York)From $110K
Real Estate Investing, Pre-MBA Associate (2027 Program)$110K - $150K

Same $100K to $400K scale as every card. All Morgan Stanley roles · How to read the bar

Observed changes

  1. First observed on the employer's board, already publishing a qualifying base salary
  2. Listing details edited by the employer
  3. Stopped meeting the published-salary criteria
  4. Began meeting the published-salary criteria
  5. Stopped meeting the published-salary criteria
  6. Began meeting the published-salary criteria
Observed since
Employer-stated posting date
2026-10-21
Where this pay comes from

Location as the employer wrote it: US (regional bands)

Expected base pay rates for the role will be between $110,000 and $125,000 per year for an Analyst, and between $150,000 and $225,000

Method
Employer text, read with fixed rules and re-verified
Checked
Rule set
us-base-v2

The pay passage appears in the employer's own job text. Fixed, deterministic rules located it, and the passage below was checked against the stored copy of the posting.

What we verified

  • The pay figures come from the employer's own listing, quoted exactly above.
  • The pay is an annual base salary in US dollars with a minimum of at least $100,000.
  • The role was publicly listed on the employer's job board when last checked.

We do not verify what the employer will actually offer, whether the employer is still recruiting for the role, or anything beyond what the employer published. Full methodology.

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