2026–27 season
39 of the 52 firms we follow for sales and trading off-cycle internships are open now, with 129 roles between them. 13 opened this season and are no longer listed.
Updated 16m ago
UBS · Zurich · opened 13 Nov
Julius Baer · Zurich · opened 13 Nov
CICC · Beijing · opened 13 Nov
Hong Leong Bank · Singapore · opened 13 Nov
Crédit Agricole · Paris · opened 12 Nov
124 more open roles across 39 firms are on Jorb AI.
| Firm | Open roles | Opened | Last season |
|---|---|---|---|
| Hong Leong Bank | 1 | 13 Nov | – |
| Julius Baer | 1 | 13 Nov | – |
| Keyrock | 1 | 28 Oct | – |
| Maybank | 1 | 27 Oct | – |
| Charles Schwab | 2 | 20 Oct | – |
| Saxo Bank | 1 | 20 Oct | – |
| HSBC | 9 | 14 Oct | – |
| Vontobel | 2 | 13 Oct | – |
| Jefferies | 1 | 5 Oct | – |
| Kering | 1 | 27 Sept | – |
| OCBC | 10 | 25 Sept | – |
| Glencore | 1 | 24 Sept | – |
| Standard Chartered | 1 | 4 Sept | – |
| Barclays | 5 | 3 Sept | 1 Jul 2025 → 22 Jan 2026 |
| Natixis | 5 | 2 Sept | – |
| Scotiabank | 1 | 2 Sept | – |
| Citi | 1 | 1 Sept | – |
| Commerzbank | 2 | 1 Sept | – |
| Deutsche Bank | 4 | 1 Sept | – |
| MUFG | 3 | 28 Aug | 3 Sept 2025 → listed into this season |
| Marex Solutions | 4 | 28 Aug | – |
| Kepler Cheuvreux | 1 | 25 Aug | – |
| Goldman Sachs | 5 | 15 Aug | – |
| Nomura | 4 | 14 Aug | – |
| Bank of China | 1 | 12 Aug | – |
| Jane Street | 1 | 3 Aug | – |
| CICC | 8 | 22 Jul | – |
| ING | 7 | 17 Jul | – |
| UBS | 1 | 6 Jul | – |
| Morgan Stanley | 11 | 1 Jul | – |
| Rothschild & Co | 1 | 24 Jun | – |
| J.P. Morgan | 9 | 11 Jun | 1 Feb 2026 → 26 May 2026 |
| Crédit Agricole | 3 | 7 Jun | – |
| SGX | 1 | 3 Jun | – |
| Natwest Group | 2 | open since Apr 2026 | – |
| UniCredit | 5 | open since Feb 2026 | – |
| BNP Paribas | 5 | open since Jan 2026 | – |
| Bank of America | 2 | open since Oct 2025 | – |
| Societe Generale | 5 | open since Aug 2025 | – |
Last season, half of the firms we followed opened between 1 Jul 2025 and 1 Feb 2026.
This season is running about 6 days earlier than last.
Based on 3 firms we followed through last season.
Of the 52 firms we follow for sales and trading off-cycle internships, 39 have one open now, with 129 roles between them.
A further 13 opened this season and are no longer listed. Every firm is named in the firm table, with its open roles and the day it opened or has been listed since.
Each firm opens its sales and trading off-cycle roles on its own day, which the firm table gives: 47 of the 52 firms we follow have opened since the 2026–27 season began on 1 June 2026.
Across its off-cycle internships, not sales and trading alone, UBS says applications typically open in July in APAC and typically start opening in August in the UK and EMEA, with more posted throughout September. Morgan Stanley's 2027 Institutional Equities off-cycle internship in its Paris Transactional Management Group recruits on a rolling basis, for a start in either January or July 2027.
Barclays' sales and trading off-cycle internship lasts 3 to 6 months, Morgan Stanley's in London six months, and UBS's off-cycle internships 3 to 12 months, typically 6.
At Barclays, the Sales, Trading and Structuring off-cycle internship lasts 3 to 6 months in London and in Frankfurt, with start and end dates confirmed to successful applicants. Morgan Stanley's 2027 Sales and Trading off-cycle internship in London lasts six months, and its Institutional Equities Trading one 6 to 9 months. J.P. Morgan's Markets Seasonal Analyst Internship Program runs three to six months during the academic year. UBS's figure covers its off-cycle internships across its businesses, not sales and trading alone. Goldman Sachs' 2027 FICC and Equities postings in Paris and São Paulo say its off-cycle program varies in length by program and university for undergraduate students.
Barclays, UBS and Morgan Stanley set who can apply by year of study, graduation date or degree.
Barclays' Sales, Trading and Structuring off-cycle internship takes penultimate or final year students in any discipline; Frankfurt asks for fluent English and German. UBS's UK and EMEA off-cycle internships take students in the last two years of a degree or graduating within six months of the start date, on track for a 2:1 or equivalent. In APAC it asks for second-to-last year students with under two years of full-time work, graduating within 6 to 12 months after the internship. Morgan Stanley's London Sales and Trading programme is for recent graduates or those due to complete their studies in 2027 or 2028; its Institutional Equities Trading programme asks for Master's or PhD students.
At Barclays and J.P. Morgan, a sales and trading off-cycle internship is a markets internship of three to six months that each firm sets apart from its summer internship.
J.P. Morgan calls its own the Markets Seasonal Analyst Internship Program, runs it during the academic year in specific European locations, and says that, depending on performance, an intern may be offered the opportunity to join its traditional summer internship program. Barclays says its off-cycle intern has the chance of more in-depth exposure to projects than in its summer internships. Goldman Sachs titles its roles Seasonal/Off Cycle, in a FICC and Equities division that makes markets and facilitates client transactions in fixed income, equity, currency and commodity products.
At Barclays, a Sales, Trading and Structuring off-cycle intern starts with intensive training, then heads to a desk and follows a structured programme that includes project-based work.
Barclays lists tasks such as researching industries or products, monitoring markets and helping formulate trade ideas, performing analyses on fundamental and technical data, and attending client meetings or calls with traders, salespeople and research colleagues. J.P. Morgan's seasonal program begins with classroom training, and interns gain experience in proposing trade ideas, managing risk and working with clients as part of a desk. Morgan Stanley's London Sales and Trading programme lists desks hiring including Structured Rates, Credit, XVA Trading, Securitized Products Group and Commodities; its Institutional Equities Trading programme assigns interns to Exotics, Corporates or Structuring.
39 firms are open for sales and trading off-cycle internships right now, each with its own portal, documents and deadline. Jorb AI's application agent handles the multi-firm workload in one place, tailoring a CV and cover letter for each role you pursue and tracking each application alongside the rest.
“Opened” is the date the firm posted a role, or the day Jorb AI first saw it on the firm’s own careers site, which we check daily. “No longer listed” means the posting has been gone for a few days. Last season’s dates are shown only for firms we were already following when that season began.
Open counts every listing still open, including those first seen before 1 June; Opened this season counts only those first seen since.