2026 Economics Research Off-Cycle Internship (Frankfurt)

In the Research division, we offer timely, integrated analysis of companies, sectors, markets, and economies, helping clients with their most critical decisions. 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 Economics Research Team has an Off-Cycle 10-week Internship position available for the Summer of 2026. This is an opportunity to experience the culture and atmosphere in the Research Division by taking on some of the roles and responsibilities of a Full-Time Analyst for a short period. You will be assigned to the European Economics team where you will undertake work which directly supports delivering exceptional research to our clients. There will also be opportunities to undertake additional research projects, based on analysts interests and current team requirements. This Off-Cycle internship is available in our Morgan Stanley Frankfurt office which is our EU Hub. As part of this programme you will have the opportunity to work closely with the London based team as well. 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 Research department, as well as the Sales and Trading business. Role and Responsibilities Analysts are hired onto the European Economics Research team where they remain for the duration of their program. As part of the internship, you will: Work closely with the economists on the team, helping them to cover Euro area economies, and assist them with daily tasks as well as longer-term projects. Assist with maintaining and improving the analytical tools used by the team for forecasts. Provide support on client requests including updating charts and tables, as well as presentations. Work primarily with macroeconomic data, but also financial data. Contribute to quantitative analyses and research publications on the back of economic data releases and policy events. Qualifications and Skills You are a penultimate or final year (including Masters) student with outstanding academic achievements, and on track to achieve a minimum of 2.1 honours degree or equivalent in any degree discipline. You have an interest in macroeconomics, particularly with a focus on the euro area. You have strong analytical and numerical skills that put you at ease with macroeconomic or financial market data. You possess intellectual curiosity, focus and creativity, and have a keen research instinct with creative problem-solving abilities. You show initiative and are also able to work collaboratively and effectively in a dynamic team environment. You have experience and a sound knowledge of a programming language, in particular related to data manipulation and econometric analysis. You are fluent in English and have excellent verbal and written communication skills. You are committed to maintaining high professional and ethical standards. You are results-driven, and perform well under pressure and against tight deadlines. 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. 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 thats differentiated and weve 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 - arent 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, youll 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. Theres 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.