Can I apply for a position that only requires a bachelor's degree while I am pursuing a non-MBA master's degree?

Hi, I recently graduated from my undergraduate university and I am going to pursue a master's degree in Business Analytics this fall i.e. I have no full-time work experience. I am interested in the strategy role at Morgan Stanley and noticed that they recruit undergraduate students for this position (Attached job link below). I know there is no cost applying for it, but I was wondering how recruiters view non-MBA graduate students with zero work experience when they are actually looking for undergraduate students.

In addition, what is the general profile required for a strategy role at top BB?

Thanks!