πŸ“
London, UK

2026 Investment Management Off-cycle Internship - Product Development (London)

Internship
Finance
Product
Posted:
December 28, 2025

Morgan Stanley

Investment banking and financial services
75.6
Palpable Score
Apply >view company >

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.

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In the Investment Management division, we deliver active investment strategies across public and private markets and custom solutions to institutional and individual investors.

Morgan Stanley Investment Management, together with its investment advisory affiliates, manages $1.6 trillion in assets globally as of March 31, 2025. Β Morgan Stanley Investment Management strives to provide outstanding long-term investment performance, service and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations and individuals worldwide.

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The International Product team look after multiple cross-border fund ranges covering the range of investment capabilities across equities, fixed income, multi-asset and alternative funds with c. $100+bn of assets under management. This role will provide exposure to a wide range of internal departments and will give a unique insight into the entire asset management business.

The role of the International Product team is to develop, and through active post-launch management, maintain mutual funds for MSIM’s business outside the US. This encompasses assisting internal teams (Sales and Portfolio Management) in defining which products are needed to support investment strategies, and launch those products in a commercially successful, high-quality manner. After launch, the team must ensure that the funds remain optimally positioned and commercially viable as client requirements and the regulatory and competitive environments change.

The internship will commence in January 2026 and lasts twelve months. This internship will offer you an exciting and a dynamic work environment where you get to work alongside our diverse group of experienced professionals. The work that you do will be interesting and varied.

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Training Program

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You will receive on-the-job training and benefit from working alongside experienced professionals on a variety of projects.

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Responsibilities

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Qualifications, Skills & Requirements

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About the company

Morgan Stanley

Company overview
Morgan Stanley is a global financial services firm offering investment banking, sales and trading, wealth management, and investment management. Morgan Stanley works with corporations, governments, institutions, and individuals to raise capital, manage investments, and run financial strategies. The company also operates a large wealth management business serving individual clients and financial advisors. Morgan Stanley has expanded through major acquisitions in wealth and investment management and now runs across public and private markets.

Locations and presence

Morgan Stanley is headquartered in New York and runs offices across the Americas, Europe, the Middle East and Africa, Asia-Pacific, and Japan. Public careers pages list locations and teams globally, but do not set out a single, firmwide statement on on-site, hybrid, or remote expectations for early-career roles.

Palpable Score

75.6
/ 100
Morgan Stanley provides multiple ways in for students and new graduates, including large seasonal internship funnels plus structured development programmes in wealth management and branch operations. Morgan Stanley also publishes clearer hiring stages for some early-career tracks than most large banks, and backs early careers with training and benefits. Outcomes are mixed in public signals: there are credible stories of intern-to-full-time conversion and progression, alongside widely reported firmwide layoffs and limited published data on early-career retention or conversion rates.
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