2027 Investment Management Off-cycle Internship – Emerging Markets Trading (London)

Company Overview

Since 1935, Morgan Stanley has been a global leader in financial services, continuously evolving and innovating to better serve clients and communities in more than 40 countries. Morgan Stanley Investment Management (MSIM), together with its investment advisory affiliates, has about $1.9 trillion in assets under management or supervision. With 1,396 investment professionals worldwide and 56 offices in 24 countries, MSIM combines in-depth local knowledge with the strength of its global resources.

MSIM’s investment teams are organized by capability: Equities, Fixed Income, Multi-Asset Solutions, Liquid Alternatives, and Private Markets. The Emerging Markets Debt Team provides long-term investment performance, service, and a comprehensive suite of investment management solutions for a diverse global client base, including governments, institutions, corporations, and individuals.

Internship Opportunity

The MSIM Emerging Markets Debt Team is seeking a 2027 Off-Cycle Intern in London for a 12-month internship commencing in January 2027.

The intern will work directly with traders across Boston, London, and Singapore on trading-related projects, market structure analysis, data visualization, AI initiatives, and work designed to improve efficiency, transparency, and decision support across the trading platform. This is not an execution role.

Placement and Duration

The Off-Cycle Internship provides an opportunity to experience the Investment Management Division culture by taking on some of the responsibilities and functions of a Full-Time Analyst for a short period.

Training Program

You will receive formal and informal training and are expected to learn on the job through direct project work with traders and related partners across technology, operations, compliance, and portfolio management. Training will focus on the team’s investment process, trading workflows, market structure, data tools, and the practical use of analytics and automation on a global Emerging Markets Trading desk.

The internship is designed to build practical experience in trading support, data analysis, visualization, workflow improvement, and project delivery. Candidates should be interested in developing their understanding of emerging market debt, equity, and FX markets while improving their programming, analytical, and communication skills.

Roles and Responsibilities

• Support traders on trading-related projects, analytics, workflow reviews, and market structure initiatives.
• Build and maintain data visualizations and dashboards that improve transparency into markets, liquidity, execution quality, trading activity, and operational workflows.
• Conduct research on trading venues, protocols, broker capabilities, market access, local regulations, taxes, settlement processes, and other market structure topics.
• Contribute to AI and automation initiatives that help organize information, reduce manual work, improve transparency, and make recurring trading processes more scalable.
• Partner with traders, technology, compliance, operations, and other stakeholders to identify process friction and support practical improvements from investment idea to implementation.
• Monitor market developments, trading workflows, and data quality issues relevant to the Emerging Markets Debt Team.
• Note: The intern will not execute trades or provide trade recommendations.

Qualifications, Skills, and Requirements

• Graduated from university, or able to take time off to commit to a full-time internship role for twelve months if currently studying.
• Proactive, independent thinker with the judgment to question existing processes, identify practical improvements, and work collaboratively with traders and partner teams.
• Strong working knowledge of Python, SQL, Power BI, Tableau, Excel, or similar tools for data analysis, visualization, and workflow automation.
• Familiarity with trading systems, portfolio management systems, market data tools, or visualization platforms is a plus.
• High level of efficiency and ability to prioritize and perform under pressure.
• Strong communication skills and ability to work both independently and within a team.
• Quantitative aptitude and comfort manipulating large data sets, identifying patterns, checking data quality, and presenting conclusions clearly.
• Flexibility with work hours and the ability to adapt to market opportunities and dynamics given the team’s global footprint in Emerging Markets.
• Understanding of financial markets, including fixed income, FX, derivatives, or market microstructure through coursework, internships, or independent work.
• Interest in AI tools, automation, data governance, and practical technology solutions for trading workflows is a plus.
• Fluency in English is required; fluency in an additional language is a plus.

Application Process and Deadline

• We recruit on a rolling basis, so applications are encouraged as soon as possible.
• We aim to review all applications in a timely manner; response times may vary due to high volumes.
• You will receive an update via email as soon as a decision is reached.
• We are unable to accommodate requests to accelerate the application process timelines.