2026 Investment Management Off-cycle Internship - Real Estate Investing, Capital Markets (London)

Business Unit : Investment Management

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.

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. 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.

Morgan Stanley Real Estate Investing (REI) is Morgan Stanley's integrated global real estate practice. We are the world's leading global real estate investment manager with over $60 billion in real estate assets under management across core, value-added and opportunistic investment vehicles. REI acquires properties, operating companies, and real estate backed departments on a global scale on behalf of our institutional investors. Position will be in MSREI’s London capital markets team which focusses on raising, structuring and executing financing solutions for all European investments.

Training Program

The Off-Cycle Internship is an opportunity to experience the culture and atmosphere in the Investment Management Division by taking on some of the responsibilities and functions of a Full-time Analyst for a short period.

The internship will commence in July 2026 and will last 3 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.

Responsibilities

• Assisting in the structuring, execution and closing of complex real estate finance transactions at the investment and fund level (e.g. managing CP collection process)
• Creating financial models to analyse financial covenants, hedging strategies etc.
• Gathering market data to analyse finance markets trends
• Drafting presentations and memoranda for a wider audience within the Firm
• Attending team discussions, lender meetings and partner meetings, where you may be asked to deliver parts of a presentation

Qualifications, Skills & Requirements

• You have graduated from university or able to take the time off to commit for a full-time internship role for 3 months from July 2026 if you are currently in study
• Ability to analyse and interpret complex information quickly and accurately
• Strong aptitude for numbers
• Ability to communicate complex ideas clearly and succinctly
• Proven team player with the ability to manage a wide range of responsibilities
• Fluency in English and in the local language based on the location you are applying for

What you can expect from Morgan Stanley

We have a track record of innovation and passion for unlocking new opportunities, we help our clients raise, manage and allocate capital. We do this by offering a wide range of investment banking, securities, wealth management and asset management services. All that we do at Morgan Stanley is driven by our five core values: do the right thing, put clients first, lead with exceptional ideas, commit to diversity and inclusion, and give back. These aren’t just beliefs, they guide the decisions we make every day, ensuring we do what's best for our clients, communities and more than 80,000 employees around the world. And at the core of our success are the people who drive it - relentless collaborators and creative thinkers who are fuelled by diverse thinking and experiences. Wherever you are in our 1,200 global offices, you’ll have the opportunity to work alongside the best and the brightest in an environment where you are empowered to achieve your full potential. 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. To learn more about our offices across the globe, please copy and paste into your browser.