📍
London, UK

2026 Structured Derivatives Sales Off Cycle Internship Program (London)

Internship
Finance
Finance
Posted:
December 28, 2025

Morgan Stanley

Investment banking and financial services
75.6
Palpable Score
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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 Morgan Stanley Structured Derivatives Sales Off-Cycle Internship Program is based in London, runs for 6 months and is aimed at students who are required to complete a long-term internship as part of their studies or have already graduated. Please note that the successful candidate will need to be available to start in 2026 for a period of six months.

Across global equity derivatives markets, Morgan Stanley is a leading provider of execution services and solutions. Our product suite encompasses equity options, equity swaps, warrants, structured notes and futures on individual securities, indices and baskets of securities. We have a diverse client base from global institutions to retail brokers & distributers offering a wide array of tailored solutions to meet client objectives. Morgan Stanley professionals use the firm’s network and leading technology to provide innovative products coupled with sophisticated analysis, to assess and manage risk and to execute reliably in the fast-changing markets.

Interns will have the opportunity to develop and master the analytical, quantitative, and interpersonal skills they will need to succeed. The firm’s organizational structure offers opportunities for collaboration with more experienced colleagues and interaction with senior professionals.



Responsibilities

Qualifications and Requirements

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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