Login Register 2027 Sales & Trading Industrial Placement Internship (London)
City London Education Level Bachelor's Degree Business Unit Institutional Equity Sales and Trading
Job description
In the Prime Brokerage and Institutional Equity division, we provide our clients around the world with intellectual insights and innovative product solutions and services that help them generate alpha. In the Fixed Income division, we work in fast-paced and constantly changing global markets to assess and manage risk, trade securities, manage relationships with clients, and structure and execute innovative transactions. 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 12-month Sales & Trading Industrial Placement Internship Program is aimed at undergraduates who are completing a four-year degree with a year out in industry as a requirement for their degree.
The one-year internship, which is based in London and begins in June, offers you the opportunity to learn about a variety of product areas, while providing a clear understanding of how Sales & Trading operates as a whole.
Following an initial period of training and induction, you will be assigned to a particular team where you will spend the remainder of your placement. Interns are treated as full-time members of the team and work alongside experienced professionals at all levels.
Training Program
All new Industrial Placement Interns participate in an orientation program covering the Firm's businesses, the transition from an academic setting to a corporate environment and the chance to establish a network throughout the Firm globally.
Interns then attend divisional training where they learn the core skills required to be successful on the job. The curriculum focuses on the Sales & Trading business and the various products, processes and systems required to be successful in the role.
In addition, all Interns learn and network with peers, mentors and managers through group projects and other organised events.
Responsibilities
Opportunities exist within the following teams across the Fixed Income Division (FID) and Institutional Equities Division (IED):
- IED Client Coverage : This team acts as the primary point of contact for our Prime Brokerage hedge fund clients. As well as overseeing the account activity across multiple asset classes and mitigating risk, account managers in client coverage really get to know their clients' businesses so they can build long-term relationships and ensure the Firm is well-positioned to capitalise on future growth.
- IED Morgan Stanley Electronic Trading (MSET) : Offers global electronic access and execution across cash equities, options and futures. MSET manages relationships with a wide range of clients including hedge funds & Asset Managers, offering a broad suite of trading solutions and execution consultancy to help clients achieve their trading objectives.
- IED COO / Client Business Analytics : Business management and support across Morgan Stanley’s Equities businesses. Working with a broad range of teams throughout the firm to curate reporting and KPIs for the respective management teams; and working on business plan and strategy presentations.
- IED Prime Brokerage Distribution : Work alongside our Sales, Capital Introductions and Business Consulting teams to service Morgan Stanley’s Hedge Fund clients - both new start-up fund launches as well as existing funds. This involves assisting the PB sales team with the mandate pitch process. For successful mandates you will then support both Cap Intro and Consulting teams; the former works with clients to devise and execute on capital raising strategies and the latter provides the fund with best practices consulting and business development advice.
- IED & FID Risk Management – Non-Financial Risk : Partner with desks, global counterparts and functional areas to roll out new business initiatives in a risk managed way. The team also pro-actively identify potential risk issues, challenge the process and partner with stakeholders to remediate. This includes actively managing non-financial risk issues from identification through to strategic remediation and implementation of robust control solutions.
- IED Risk Management – Counterparty Risk : Work alongside key stakeholders across Sales, Trading and Credit to review client portfolios and determine leverage levels, performing risk analysis for global multi-asset class portfolios to assess market and liquidity risks, across Prime Brokerage and Clearing. The team also contribute to articulating Morgan Stanley’s risk management approach and performing due diligence with clients, understanding strategy, leverage etc. The team also focuses on working with Technology teams to further enhance risk metrics and systems across Equity Prime Brokerage and Listed Derivative/ Clearing business.
- IED Electronic Trading Risk Management (ETRM): The team manages daily risks relating to trading and execution. The team has primary responsibility for the electronic trading plant and the controls that govern it. Typical tasks include limit management, best execution monitoring, trader controls and governance of trading algorithms. Through partnership with the Trading Desks, Operations, Technology and Compliance, the ETRM team ensures orderly execution of client and firm trading activity.
- IED Flow : Primarily focused on single name synthetic equity flow in European, Middle Eastern and African markets. The product and solutions we offer are tailored to suit our client’s strategies and requirements.
- IED Structured Products : Morgan Stanley offers synthetic derivative products to both institutions and hedge funds, allowing them to access markets with ease and simplicity. We also create bespoke structured solutions to meet client demand.
- IED Derivatives Client Relationship Management : Working with Morgan Stanley Sales teams and their clients to enhance client experiences front to back. The team also focuses on coordinating all new business opportunities across Structured Notes, OTC Derivatives and Convertible bonds.
- IED Stock Loan (Securities Lending) : The desk facilitates short selling in European and EMEA markets. Both sales and trading work together to offer the most liquidity and information as possible to clients.
- FID ALM Team : The Asset and Liability Management (ALM) desk performs bespoke quantitative analysis, helping Morgan Stanley’s clients (e.g., insurance companies, pension funds, banks, corporations and sovereigns) to understand and manage their cross-asset/liability risk exposures: interest rates, inflation, equity, credit etc. The ALM team has developed a range of complex simulation models that capture economic, regulatory and capital risks through time. These models are used to understand the potential performance of financial assets, providing valuable insights to our clients. The desk focuses on understanding economic tail risk, regulatory capital risks and ESG exposure analysis. The ultimate goal is to improve client relationships in order to win a larger share of clients’ high margin transactions.
- FID EMEA Sales COO : The European Fixed Income Sales (FID) COO team at Morgan Stanley is offering an exciting industrial placement opportunity for university students interested in financial markets and strategy. As part of the team, you’ll gain direct experience working on Morgan Stanley’s Fixed Income trading floor, collaborating with Global and European Sales Management on initiatives that shape the client franchise across the EMEA region. The role spans multiple asset classes—including Rates, Credit, Foreign Exchange, Emerging Markets, Securitised Products and Commodities—giving you full exposure to all the different businesses within FID. This placement is ideal for students who are curious, analytical, and eager to l