2026 Sales & Trading Off-Cycle Internship (Frankfurt)

In the Prime Brokerage and 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 varies between three to six months, depending on business needs and candidate availability. You will be assigned to a team desk where you will undertake 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 Frankfurt office.

The following teams will be hiring for their desks:

• Structured Equity Derivatives Sales
• Equity Sales
• Fixed Income - Rates
• Fixed Income - Credit

Training Program

You will receive on-the-job training and benefit from working alongside experienced professionals on a variety of projects while being exposed to a wide range of roles and aspects of the Sales and Trading business.

Role and Responsibilities

Analysts are hired onto specific desks 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.
• Work on trades or stock pitching ideas; write investment cases by looking at competitive advantages, sector specificities and valuations.
• Work with related teams: Sales Trading, Research and Cross-Asset Teams to gather colour for clients on specific trends and day-to-day flow.

Qualifications and Skills

• 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 deadlines.
• 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. Any additional European language is a plus.
• You will finish you bachelor or masters studies within maximum 18 months after the end of the internship.
  

Application Process and Deadline

The application deadline for this position is 26 October 2025, 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.

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.