2027 Global Capital Markets Summer Analyst Programme (London)

In the Global Capital Markets division, we offer Global expertise in market analysis and in advisory and capital-raising services for corporations, institutions, and governments.

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.

The 10-week Global Capital Markets (GCM) Summer Analyst Program is an opportunity to experience the culture and atmosphere of Morgan Stanley's GCM division by taking on the responsibilities and functions of a Full-Time Analyst. Summer Analysts are assigned to a specific desk and will not only get exposure to the deal process — including business development, origination, structuring and execution — but also will gain an understanding of how the different areas of the bank, including Corporate Finance, Sales & Trading, Research, and Mergers & Acquisitions interact.

Training Program

Training begins in June with one week of intensive classroom training. This will include an introduction to Morgan Stanley, followed by division-specific training. Throughout the internship, you will be exposed to business speakers, practical sessions and have the opportunity to exchange ideas and learn from your peers through various social activities and events.

Role and Responsibilities

• Providing support on marketing and execution of various types of offerings and products such as IPOs, capital increases, derivatives and securitisations.
• Preparing analyses of transaction precedents, shareholding structures, stocks metrics and performances.
• Creating financial models.
• Gathering market data to analyse trends, investor's sentiment and markets outlooks.
• Attending team discussions and client meetings, where you may be asked to deliver parts of a presentation.

Qualifications and Skills

• You are in your penultimate year of study, graduating in 2028 from either a Bachelor or Master’s degree.
• You have strong analytical and numerical skills that put you at ease with financial data.
• You are results-driven, perform well under pressure and against tight deadlines.
• You are a proven team player with the ability to manage a wide range of responsibilities.
• You have an excellent academic background and fluency in English. Ability to communicate effectively in another language is an advantage.
• You articulate complex ideas simply and summarise them effectively.
• You are committed to excellence in your work and maintain high professional and ethical standards.

Application Deadline

The application deadline for this position is Sunday 18th October 2026, 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

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. 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. There’s also ample opportunity to move about the business for those who show passion and grit in their work. To learn more about our offices across the globe, please copy and paste into your browser.