2026 Investment Banking Full-Time Analyst Programme (Frankfurt)

In the Investment Banking division, we offer Global expertise in market analysis and in advisory and capital-raising services for corporations, institutions, and governments.

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

During the two-year program, Analysts work on a variety of corporate transactions and have significant responsibility. The work is challenging, and Analysts are encouraged to be an integral part of coverage and project teams and dig into financial statements and think creatively. Our lean deal team structure allows Analysts to work closely with senior officers on a variety of projects. Analysts will attend and be active participants in client meetings. Exceptional Analysts may be offered the Accelerated Career Path (ACP), which promotes directly to Associate-level positions after two years.

Training Program

The Investment Banking Analyst Program begins in the summer with seven to eight weeks of intensive classroom training in London. This includes business presentations, practical sessions and the opportunity to exchange ideas and learn from your peers. You will join Analysts from Global Capital Markets, Sales & Trading, Research and Investment Management in the combined Institutional Securities Induction Program, followed by specific investment banking training. This covers accounting, valuation, advanced modelling, Morgan Stanley's proprietary analytical tools, information technology and financial products. You will then undertake regulatory training and exams. At the end of training, Analysts will be able to understand financial concepts, build a dynamic model and have a strong understanding of the Morgan Stanley culture.

Role and Responsibilities

• Gathering and synthesising financial and operating information about companies, industries and governments.
• Creating financial models.
• Gathering market data to analyse trends and help value companies and price transactions.
• Drafting presentations and memoranda for a wider audience within the Firm and the financial services industry.
• Attending team discussions and client meetings, where you may be asked to deliver parts of a presentation.

Qualifications and Skills

• You have strong analytical and numerical skills that put you at ease with financial data.
• You are results-driven, perform well under pressure and against tight deadlines.
• You are a team player with the ability to manage a wide range of responsibilities.
• You have an excellent academic background and fluency in English and German; the ability to communicate effectively in multiple languages is an advantage.
• You articulate complex ideas simply and summarise them effectively.
• You are committed to excellence in your work and maintain high professional and ethical standards.

Application Process and Deadline

We recruit on a rolling basis so application is encouraged as soon as possible. We aim to review all applications within a timely manner, however our response times may vary due to high volumes. Please be assured that you will receive an update via email as soon as a decision on your application has been reached, and kindly note we are unable to accommodate any requests to accelerate the timelines of our application process.

*Salary is competitive with excellent benefits

What you can expect from Morgan Stanley

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. 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. There’s also ample opportunity to move about the business for those who show passion and grit in their work. To learn more about our offices across the globe, please copy and paste into your browser.