2027 Investment Management Off-cycle Internship - Product Development (London)

Location: London Department: 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.

Morgan Stanley Investment Management (MSIM), together with its investment advisory affiliates, has about $2 trillion in assets under management or supervision as of June 30, 2026. With more than 1,300 investment professionals worldwide, and 59 offices in 26 countries, MSIM is able to provide in-depth local knowledge and expertise while channelling the strength of our global presence and resources. Morgan Stanley Investment Management strives to provide outstanding long-term investment performance, outstanding service, and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations, and individuals worldwide.

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.

Placement and duration

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 January 2027 and typically 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.

Training Program

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

Roles and Responsibilities

Supporting members of the team on new product launches and enhancements to existing products

Ongoing maintenance of existing fund ranges

Product Literature

Assisting with quarterly board reporting and scheduled reporting to meet client and regulatory requirements

Assisting with the management and support of FeFundinfo in their role as disseminators of NAVs and other information to electronic media

Assisting with K(II)D production, including both continual ad hoc updates and the annual review

Supporting the wider business

Dealing with ad hoc requests through Sales and Investment teams including client requests and RFP queries

Assisting in the registration in new jurisdictions to enter markets to meet business requirements

Researching competitor fund information and producing market analysis, including the preparation of high-level summary reports and highlights

Qualifications/Skills/Requirements

Excellent academic background and have graduated from university or able to take the time off to commit for a full-time internship role for twelve months if you are currently in study

You are fluent in English, with excellent verbal and written communication skills. An ability to communicate effectively in multiple languages would be an advantage

You are adaptive, a leader yet team player, as well as a multi-tasker. You can present your conclusions in a clear and well-structured manner

You are analytical with excellent attention to detail and well suited to working within a small team environment

You have good presentation skills

You have excellent excel, word and power point skills

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

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 https://www.morganstanl