2026–27 season
9 of the 13 firms we follow for sales and trading off-cycle internships in London are open now, with 15 roles between them. 4 opened this season and are no longer listed.
Updated 43m ago
Natixis · London · opened 9 Nov
Bank of America · London · opened 4 Nov
BNP Paribas · London · opened 22 Oct
HSBC · London · opened 1 Oct
Barclays · London · opened 9 Sept
10 more open roles across 9 firms are on Jorb AI.
| Firm | Open roles | Opened | Last season |
|---|---|---|---|
| Natixis | 1 | 21 Sept | – |
| Bank of America | 1 | 15 Sept | – |
| Morgan Stanley | 3 | 8 Sept | – |
| HSBC | 1 | 7 Sept | – |
| Barclays | 2 | 4 Sept | 15 Sept 2025 → 22 Jan 2026 |
| Goldman Sachs | 2 | 15 Aug | – |
| Jane Street | 1 | 3 Aug | – |
| J.P. Morgan | 3 | 11 Jun | 1 Feb 2026 → 26 May 2026 |
| BNP Paribas | 1 | open since Jan 2026 | – |
This is the first season we have followed most of these firms, so next year this page will say when each one is likely to open.
In London, 9 of the 13 firms we follow for sales and trading off-cycle internships have one listed now, carrying 15 roles in all.
Another 4 posted this season and are no longer listed. The firm table gives each firm's row: its open roles and the day it opened or has been listed since.
Each firm opens its 2027 London sales and trading off-cycle roles on its own day, which the firm table gives.
Since the 2026–27 season began on 1 June 2026, 12 of the 13 firms we follow have posted. UBS says its UK and EMEA off-cycle internships, across all its businesses, typically start opening in August, with more posted through September; each role is advertised for an initial four weeks and may stay open until filled. Barclays confirms start and end dates to successful applicants, and Morgan Stanley's two London markets postings state no start date or deadline.
Among the London markets postings we checked, Barclays' Sales, Trading and Structuring Off Cycle Internship Programme runs 3 to 6 months and Morgan Stanley's 2027 Sales and Trading off-cycle internship six months.
Morgan Stanley's Institutional Equities Trading off-cycle internship runs 6 to 9 months. Goldman Sachs says its London FICC and Equities off-cycle programme varies in length by programme and university for undergraduates. Across its UK and EMEA off-cycle internships, not markets alone, UBS gives 3 to 12 months, typically 6.
Barclays and Morgan Stanley set who can apply to their London sales and trading off-cycle internships by year of study or graduation.
Barclays takes students in the penultimate or final year of a degree, in any discipline. Morgan Stanley's Sales and Trading off-cycle internship is for recent graduates or those graduating in 2027 or 2028; its Institutional Equities Trading one asks for Master's or PhD students in subjects such as economics, mathematics or financial mathematics, who graduated in 2026 or are graduating in 2027. In the UK and EMEA, UBS takes students in the last two years of a degree, or graduating within six months of the start, on track for a 2:1. Goldman Sachs allows up to four business and location applications in a recruiting year.
Morgan Stanley's 2027 London Sales and Trading off-cycle internship names seven hiring teams, and Barclays' programme spans sales, trading and structuring.
Morgan Stanley's teams are Structured Derivatives Sales, Structured Rates, Credit, XVA Trading, FXEM, Securitized Products Group and Commodities; its Institutional Equities Trading interns go to the Exotics, Corporates or Structuring desk. Barclays interns research industries or products, monitor markets and help formulate trade ideas, and attend client meetings or calls with traders, salespeople and research colleagues. Goldman Sachs' FICC and Equities division makes markets in fixed income, equity, currency and commodity products.
9 firms are open for sales and trading off-cycle internships in London 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.