2027 Investment Management Off-cycle Internship - Fixed Income (London)

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 1,366 investment professionals worldwide, and 56 offices in 25 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.

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 6 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.

Team Descriptions

Candidates who apply to the Investment Management Fixed Income Off- cycle Internship may be considered for opportunities across two teams. Based on business needs and candidate qualifications, applicants may be selected to interview with one or both of the following teams:

Emerging Markets

The Emerging Markets Debt team has an approximately 40-year history of investing across emerging markets and manages more than $40 billion in assets. The global team comprises more than 50 investment professionals located across eight offices, bringing together deep regional expertise and a broad, cross-market perspective.

The team manages active fixed income strategies across hard-currency sovereign and quasi-sovereign debt, local interest-rate markets, currencies, and corporate credit. Its investment approach combines in-depth fundamental research with disciplined portfolio construction and risk management. Team members conduct country and macroeconomic research, monitor economic, political, and policy developments, analyse central bank communications and economic data, and contribute to investment decision-making across emerging markets, with a particular focus on Latin America and the Caribbean.

Skills particularly relevant to this team include:

• Strong interest in emerging markets and/or global macroeconomics
• Fluency in Spanish or Portuguese strongly preferred
• Academic background in Latin American History or Economics strongly preferred

Broad Markets

The Broad Markets Fixed Income team is a $140bn AUM investment team within MSIM Fixed Income, responsible for managing active single and multi-sector portfolios across Multi-Sector, Investment Grade Credit, and Sovereign strategies. The team is situated across London, New York, Boston, and Mumbai.

Skills particularly relevant to this team include:

• Interest in client engagement, product strategy, and business development
• Ability to communicate complex investment concepts to a broad audience
• Familiarity with investment management tools such as Bloomberg or Aladdin is advantageous

Roles and Responsibilities

• Become fully integrated within the investment team, developing a strong understanding of investment strategies, portfolio positioning, and market developments.
• Prepare presentations, reports, research materials, and other supporting documentation.
• Analyse information, identify key insights, and help solve complex business or investment-related challenges.

Qualifications/Skills/Requirements:

• Excellent academic background and have graduated from university or able to take the time off to commit to a full-time internship role for 6 months if you are currently in study
• Strong analytical, quantitative, and problem-solving skills
• Excellent written, verbal, and interpersonal communication skills
• Strong attention to detail and organisational skills, with the ability to manage multiple priorities and deadlines
• Self-motivated, proactive, and able to work effectively both independently and as part of a team
• Demonstrated interest in financial markets, economics, and investment management.

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 into your browser.