- Experiential Learning
- Social Ventures
- Faculty Viewpoints
- The Near-term Impacts of Climate Change on Investors
- Solutions to Post-Incarceration Employment and Entrepreneurship
- Fulfilling the Promise of Education Technology
- Managing Schools to Improve Teacher Performance
- The Economics and Psychology of Poverty
- Measuring and Creating Excellence in Schools
- The American Healthcare Landscape in 2014
- Microfinance Symposium
- Research Resources
There is a need to accelerate progress on global sustainability challenges. The next generation of leaders that will innovate scalable finance solutions to sustainability challenges will need to navigate the complexity of capital markets and manage an array of stakeholder interests. Leadership and capital are required to meet these challenges
head-on. With its world-class platform for advising, originating, trading, managing and distributing capital, Morgan Stanley is partnering with Columbia Business School, a global leader in business school education, to develop the next generation of leaders.
“The next generation of business leaders will be looked upon to develop sustainable solutions to a myriad of pressing challenges. The Sustainable Investing Fellowship will provide our students with an extraordinary opportunity to see how sustainable investing theories learned in the classroom can be applied to real-world challenges.”
— Glenn Hubbard, Dean and Russell L. Carson Professor of Finance and Economics
Click here to learn more about the Morgan Stanley Institute for Sustainable Investing
In collaboration with Columbia Business School, Morgan Stanley launched the Sustainable Investing Fellowship in 2013 to cultivate emerging leaders in sustainable finance and investing.
The Sustainable Investing Fellowship was announced at the launch of the Morgan Stanley Institute for Sustainable Investing, which aims to mobilize private-sector capital to address major economic, social and environmental challenges and develop the next generation of leaders at the intersection of sustainability and finance.
The Sustainable Investing Fellowship is co-managed by the Tamer Center for Social Enterprise at Columbia Business School and the Morgan Stanley Institute for Sustainable Investing and offers a select group of Columbia students the opportunity to design and implement efforts that seek to drive capital toward investments that promote sustainable economic growth.
To read more about the impact of Sustainable Investing Fellows, click here.
Program & Recruiting
The 2014 Sustainable Investing Fellows with Morgan Stanley Chairman and CEO, James Gorman '87.
Sustainable Investing Fellows are hired under the auspices of the Institute for Sustainable Investing and are placed into core Morgan Stanley businesses during a 10-week internship. During the summer, Fellows work on integrating sustainability themes into transactions, research and/or other business development initiatives.
Fellows join Morgan Stanley as summer associates and are on boarded into a traditional summer program. In addition, Fellows participate in select networking opportunities, meetings with senior management, and other activities sponsored by the Institute for Sustainable investing.
The Sustainable Investing Fellowship is part of the Morgan Stanley Institute for Sustainable Investing, which aims to advance market-based solutions to economic, social and environmental challenges.
Students who are enrolled at Columbia Business School or SIPA are eligible to apply for the Fellowship. This includes full-time MBA, EMBA and PhD candidates, and students across SIPA graduate programs.
Applications will become available in early Spring and will be made accessible on COIN. Application instructions will appear in emails that are distributed to students from the Morgan Stanley recruiting team.
Chairman and CEO, Morgan Stanley
Chairman and CEO, Morgan Stanley
Morgan Stanley Chairman and CEO James Gorman, a 1987 Columbia Business School alumnus, announces the Institute for Sustainable Investing and the Fellowship program as a keynote speaker at the Third Annual Program for Financial Studies Conference: "Navigating the Changing Landscape of Finance" was held on Friday, November 1, 2013.
2017 Sustainable Investing Fellows
Click through the blog posts below to learn more about the experiences of the 2017 Sustainable Investing Fellows.
Jenna spent her time as a Sustainable Investing Fellow on the Morgan Stanley Wealth Management Investing with Impact team. During this time, her main objective was to create a toolkit for foundations seeking to align human capital, market-rate investments and philanthropic capital with mission. Further contributions included analyzing multiple asset managers' financial and impact performance data in order to create client-facing materials, as well as collaborating with both internal and external groups to advance additional sustainable investing goals and initiatives.
Marina is a MIA-MBA dual degree student at Columbia’s School of Internal and Public Affairs and Columbia Business School. With a background in finance and a passion for sustainability, she was interested in how a firm such as Morgan Stanley was adapting to a world where ESG investing strategies are becoming mainstream. During the summer, she worked with the Sustainability Research team to understand how to incorporate ESG metrics into traditional equity research. Her focus was on the Latin America region and understanding which factors are most material for companies listed and/or operating in the region. The key takeaway was that, even though not all ESG issues can be easily quantified and priced into the valuation analysis, there are many ways of qualitatively adjusting models to reflect the most relevant risks.
Sanya is an MIA candidate at Columbia’s School of International and Public Affairs and was an energy equity research associate before graduate school. Driven by her experiences growing up in Nepal, she is focused on understanding how private capital can create positive social and environmental impact in developing countries. As a fellow at the Morgan Stanley Institute for Sustainable Investing, she conducted research on a range of trends and issues in sustainable investing. She analyzed fund performance across a spectrum of traditional and socially responsible mutual funds to help debunk the myth that sustainable investing requires a financial tradeoff. She also researched how investors are incorporating place-based themes into their investments, and looked at program related investments as a vehicle for foundations to maximize impact. Finally, she conducted a broad survey on environmentally-focused private equity funds in emerging markets, participating in meetings and conference calls with fund managers. The key takeaway for her this summer was that sustainable investing has many stakeholders and has immense capacity to expand its reach in the coming years.
2016 Sustainable Investing Fellows
Click through the blog posts below to learn more about the experiences of the 2016 Sustainable Investing Fellows.
Laura Muller, SIPA/LSE’16
Laura graduated from the dual degree MPA program at the London School of Economics and Columbia’s School of International Public Policy. Her passion for environmental and social change formed at a young age in South East Asia, where she grew up. Her background is in finance, and she was intrigued to see how a global financial services firm like Morgan Stanley was responding to these challenges. As a Fellow, she worked on the research for what will ultimately become two Morgan Stanley Institute for Sustainable Investing thought leadership papers. The papers focused on two rising trends that the Institute believes will be impactful in the sustainability space, but have not yet received much investor focus. She also carried out business model research for a social enterprise in New York City. The key takeaway this summer was to understand the power of private capital and sophisticated forward-looking investment strategies to address pressing global sustainable challenges.
Erwan is an engineer with six years of experience in the telecom sector, as well as nonprofit activities in relation to the mining and metals industry of his home territory, New Caledonia. As a Fellow, he first worked on integrating environmental, social and governance (ESG) factors into mainstream equity research, helping analysts and investors gain a better understanding of the impact of ESG factors on firms’ financial statements and valuation. For his second project, Erwan produced a research paper on the United Nations’ sustainable development goals, highlighting key investment implications across sectors for each of the seventeen UN Goals. His key takeaway this summer was to appreciate the growing appetite for ESG analyses among Morgan Stanley analysts and investors and discover compelling ways of delivering those analyses.
Courtney worked within the bank’s wealth management division on the Investing with Impact Platform, providing solutions for individual and institutional clients to successfully achieve unique social and/or environmental impact objectives alongside their financial goals. During the summer she led several initiatives across the platform, including the development of a set of tools to facilitate discussion between financial advisors and clients about specific impact goals, as well as an original investment framework and client-facing primer on a particular impact theme. Through the course of this work she gained exposure to a diverse set of clients, financial advisors and asset managers while collaborating with Morgan Stanley colleagues from across wealth management, sell–side research and the Institute for Sustainable Investing.
2015 Sustainable Investing Fellows
Click through the blog posts below to learn more about the experiences of the 2015 Sustainable Investing Fellows.
Jill Bunting '16
Click here to read about Jill's experience.
I am a second-year student at Columbia Business School. In college I discovered a passion for finding innovative ways to meet environmental challenges, a passion that I’ve put at the center of my career. My summer as a Sustainable Investing Fellow at Morgan Stanley provided me with a new understanding of how the intersection of finance and sustainability can address environmental challenges while unlocking value for investors, companies, and society.
Meghana Reddy, MIA/MBA '17
Click here to read about Meghana's experience.
I am pursuing a dual Master’s degree with Columbia Business School and Columbia’s School of International and Public Affairs (SIPA). I am currently in the second year of the three year program. As a Morgan Stanley Sustainable Investing Fellow, my goal was to build the Firm’s presence in the green bond market.
Alex Wang '16
Click here to read about Alex's experience.
My interest in understanding and addressing social issues dates back to college, when I was involved in the global student nonprofit organization AIESEC. For the summer fellowship, I was with the Sustainable + Responsible Investment Research team in equity research.
2014 Sustainable Investing Fellows
Click through the blog posts below to learn more about the experiences of the 2014 Sustainable Investing Fellows.
Seema Balani '15
Click here to read about Seema's experience.
Sustainable and impact investing is a burgeoning industry that has allowed me to pursue opportunities to build my career and make a meaningful difference. I am currently a second year MBA student at Columbia Business School and spent the summer as a Morgan Stanley Sustainable Investing Fellow. This exciting program provided me an opportunity to observe how financial concepts from the classroom come to life and create positive impact for communities.
Jennie Goldstein '15
Click here to read about Jennie's experience.
I am a second-year student at Columbia Business School. Prior to business school, I worked as an operations specialist in the Corporate Social Responsibility (CSR) department of a large apparel company. In that role, I worked with vendors and factories on remediating labor and wage issues, educating vendors on social compliance, and ensuring they scrupulously followed its objectives.
Kash Patel '15
Click here to read about Kash's experience.
I knew early on in my career that I loved helping drive positive change –within institutions, processes, and especially, for people. After completing undergraduate studies, I worked across technology and strategy consulting, assisting clients across a broad range of industries with operational and strategic issues.