2027 Sales and Trading Off-Cycle Internship (London)

In the Institutional Equity division, we provide our 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 and constantly changing global markets to assess and manage risk, trade securities, manage relationships with clients, and structure and execute innovative transactions.

Since 1935, Morgan Stanley is known as a global leader in financial services, continuously evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.

Placement and Duration # The Sales & Trading Off-Cycle Internship Program is 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. The Program length is for six months and is for recent graduates or those who are due to complete their studies in 2027 or 2028. You will be assigned to a specific desk where your skill sets are best aligned, undertaking work which directly supports delivering exceptional ideas to our clients. There will also be opportunities to undertake additional projects to broaden your understanding, as well as improve the productivity and efficiency of the desk. This Off-Cycle internship is available in our Morgan Stanley London office.

The following teams will be hiring for their desks:

• Structured Derivatives Sales
• Structured Rates
• Credit
• XVA Trading
• FXEM – MENA Sales
• Securitized Products Group
• Commodities

Training Program

You will receive on-the-job training and benefit from working alongside experienced professionals on a variety of projects. You will join a diverse and collaborative team comprising experienced industry professionals and graduates from leading universities, all motivated by solving interesting and complex problems. You will also gain exposure to Sales, Trading and Management, while building 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 their program. You will get exposure to a wide range of tasks and responsibilities and depending on the desk requirement, duties may include:

• Working with colleagues who manage client relationships by communicating value-added ideas to their clients based on their own opinions and the Firm's research
• Working on Stock pitching ideas; write investment cases by looking at competitive advantages, sector specificities and valuations
• Provide support on the pricing requests and ideas generation
• Assisting in developing products tailored to match bespoke client needs
• Working on the full life cycle of a trade, from initial stage (indicative quotes) to post-settlement support
• Improving and developing automated tools
• Taking part in Companies’ Roadshow

Qualifications/Skills/Requirements

• You are a recent graduate or graduating in 2027 or 2028
• You have strong analytical and numerical skills that put you at ease with financial data
• You are results-driven and perform well under pressure and against tight deadline
• Curious, resilient, high attention to detail and ability to work in fast-pace environment
• You are a proven team player and can manage a wide range of responsibilities
• You are committed to excellence in your work and maintain high professional and ethical standards
• You articulate complex ideas simply and summarise them effectively
• You have an excellent academic background and fluency in English.
• The ability to communicate effectively in multiple languages is an advantage

Please only submit a CV and Covering Letter in English as part of your application

What you can expect from Morgan Stanley

We have a track record of innovation and passion for unlocking new opportunities, we help our clients raise, manage and allocate capital. We do this by offering a wide range of investment banking, securities, wealth management and asset management services. All that we do at Morgan Stanley is driven by our five core values: do the right thing, put clients first, lead with exceptional ideas, commit to diversity and inclusion, and give back. These aren’t just beliefs, they guide the decisions we make every day, ensuring we do what's best for our clients, communities and more than 80,000 employees around the world. And at the core of our success are the people who drive it - relentless collaborators and creative thinkers who are fuelled by diverse thinking and experiences. Wherever you are in our 1,200 global offices, you’ll have the opportunity to work alongside the best and the brightest in an environment where you are empowered to achieve your full potential. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. To learn more about our offices across the globe, please copy and paste into your browser.