2027 Sales and Trading Off-Cycle Internship (London)

Sales & Trading Off-Cycle Internship Program

In the Institutional Equity division, we provide clients around the world with intellectual insights and innovative product solutions and services that help them generate alpha. In the Fixed Income division, we work in fast-paced, constantly changing global markets to assess and manage risk, trade securities, manage client relationships, and structure and execute innovative transactions.

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 worldwide.

Program Overview

The Sales & Trading Off-Cycle Internship Program provides an opportunity to experience the culture and atmosphere in the Sales & Trading Division by taking on some of the roles and responsibilities of a Full-time Analyst for a short period.

Placement and Duration: The program runs for six months. It is for recent graduates or candidates due to complete their studies in 2027 or 2028.

You will be assigned to a specific desk where your skills are best aligned. You will undertake work that directly supports delivering exceptional ideas to clients. There will also be opportunities to take on additional projects to broaden your understanding and improve desk productivity and efficiency. This off-cycle internship is available in the Morgan Stanley London office.

Desks Hiring

• Structured Derivatives Sales
• Structured Rates
• Credit
• XVA Trading
• FX EM – MENA Sales
• Securitized Products Group
• Commodities
• Training Program

Training and Team Environment

You will receive on-the-job training and work alongside experienced professionals on a variety of projects. You will join a diverse and collaborative team of experienced industry professionals and graduates from leading universities, all motivated by solving interesting and complex problems.

You will gain exposure to Sales, Trading, and Management, and build your network through opportunities to connect with peers and colleagues across the Firm.

Roles and Responsibilities

Analysts are hired onto a specific desk within Fixed Income where they remain for the duration of the program. Depending on desk requirements, duties may include:

• Working with colleagues who manage client relationships by communicating value-added ideas to clients based on your own insights and the Firm's research
• Supporting stock pitching by writing investment cases, including analysis of competitive advantages, sector specifics, and valuations
• Providing support on pricing requests and contributing to ideas generation
• Assisting in developing products tailored to meet bespoke client needs
• Working across the full life cycle of a trade, from initial stages (indicative quotes) to post-settlement support
• Improving and developing automated tools
• Participating in Companies’ Roadshows

Qualifications / Skills / Requirements

• Recent graduate, or expected to graduate in 2027 or 2028
• Strong analytical and numerical skills with comfort working with financial data
• Results-driven performance under pressure and against tight deadlines
• Curious, resilient, with high attention to detail and the ability to work in a fast-paced environment
• Proven team player who can manage a wide range of responsibilities
• Commitment to excellence, maintaining high professional and ethical standards
• Ability to articulate complex ideas simply and summarize them effectively
• Excellent academic background and fluency in English
• Ability to communicate effectively in multiple languages is an advantage

Application Requirements

Please submit a CV and a covering letter in English as part of your application.

What You Can Expect From Morgan Stanley

We have a track record of innovation and a passion for unlocking new opportunities. We help clients raise, manage, and allocate capital through a wide range of investment banking, securities, wealth management, and asset management services.

Our work is guided by five core values: do the right thing, put clients first, lead with exceptional ideas, commit to diversity and inclusion, and give back. These values guide the decisions we make every day to ensure we do what is best for our clients, communities, and more than 80,000 employees worldwide.

Wherever you are in our global offices, you will have the opportunity to work alongside talented colleagues in an environment that empowers you to reach your full potential. We also offer attractive and comprehensive employee benefits and perks.

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