2027 Investment Banking Off-Cycle Internship (London)

Investment Banking Off-Cycle Internship

Morgan Stanley’s Investment Banking division provides global expertise in market analysis and advisory and capital-raising services for corporations, institutions, and governments.

The Investment Banking Off-Cycle Internship offers an opportunity to experience the culture and atmosphere in the Investment Banking Division (IBD) by taking on some of the responsibilities and functions of a Full-Time Analyst for a short period. The internship typically starts in January or August and lasts 5 months, but may vary depending on business needs and candidate availability. You will be assigned to a specific group in a specific region and build foundational skills in financial analysis, accounting, and valuation while working on a range of domestic and international transactions.

Training Program

You will receive on-the-job training and work alongside experienced professionals on a variety of projects.

Role and Responsibilities

• Gather and synthesize financial and operating information about companies, industries, and governments.
• Create and update financial models.
• Gather market data to analyze trends and help value and price transactions.
• Draft presentations and memoranda for a wider audience within the Firm and the financial services industry.
• Attend team discussions and client meetings, and may be asked to deliver parts of a presentation.

Qualifications and Skills

• Strong analytical and numerical skills and comfort working with financial data.
• Results-driven with the ability to perform well under pressure and against tight deadlines.
• Proven team player able to manage a wide range of responsibilities.
• Excellent academic background and fluency in English.
• Ability to communicate effectively in multiple languages is an advantage.
• Ability to articulate complex ideas simply and summarize them effectively.
• Commitment to excellence with strong professional and ethical standards.

Application Deadline

The application deadline for this position is 18 October 2026. The firm recruits on a rolling basis, so candidates are encouraged to apply as soon as possible. Applications will be reviewed within a timely manner; response times may vary due to high volumes. Candidates will receive an update via email as soon as a decision is reached. Assessment centres will be held in London.

What You Can Expect from Morgan Stanley

Morgan Stanley raises, manages, and allocates capital for its clients to help them reach their goals. Guided by its values—putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back—the Firm supports employees in an environment where they are supported and empowered. Teams collaborate and think creatively, drawing on diverse backgrounds and experiences. The Firm offers comprehensive employee benefits and perks and provides opportunities to move within the business for those who show passion and drive.

For more information about its global offices, visit: https://www.morganstanley.com/about-us/global-offices