2027 Sales & Trading Off-Cycle Internship (Paris)

Morgan Stanley; Paris; Hybrid; EUR 12,000 - 18,000; Full time

Job summary

Morgan Stanley Paris offers a six-month Off-Cycle Internship in Sales & Trading, with placement on a desk in Institutional Equities or Fixed Income. You will support clients with ideas and participate in on‑the‑job training alongside experienced professionals.

The program starts in January or July 2027 and runs in Morgan Stanley’s EU hub. Desks include Fixed Income (EUR Inflation, Commodities, Credit Exotics, Credit Sales, Securitized Products, Credit Trading) and Institutional Equities (Euro

Qualifications

• Strong analytical and numerical skills with financial data.
• Results-driven under pressure and tight deadlines.
• Proven team player with ability to manage multiple responsibilities.
• Commitment to excellence and high ethical standards.
• Articulate complex ideas clearly and concisely.
• Excellent academic background and fluency in English and French.

Responsibilities

• Work with colleagues who manage client relationships by communicating value-added ideas to their clients based on their own opinions and the Firm's research.
• Develop stock-pitch ideas and write investment cases by looking at competitive advantages and valuations.
• Provide support on pricing requests and ideas generation.
• Assist in developing products tailored to match bespoke client needs.
• Experience the full life cycle of a trade from quotes to post-settlement support.
• Improve and develop automated tools.

Skills

Analytical skills

Numerical skills

Results-driven

Team player

Fluency in English and French

Excellent academic background

Education

Bachelor's degree

Job description

City Paris

Bachelor's Degree

Business Unit Sales and Trading

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 Sales & Trading Off-Cycle Internship Program is an opportunity to experience the culture and atmosphere in the Sales & Trading Division by taking on some of the roles and responsibilities of a Full-time Analyst for a short period. The Program length is six months and to start in January or July 2027. You will be assigned to a specific desk where you will undertake work which directly supports delivering exceptional ideas to our clients. There will also be opportunities to undertake additional projects to broaden your understanding, as well as improve the productivity and efficiency of the desk. This Off-Cycle internship is available in our Morgan Stanley Paris office which is our EU Hub.

We are recruiting for the desks below:

Fixed Income

• EUR Inflation
• Commodities
• Credit Exotics
• Credit Sales
• Securitized Products Group
• Credit Trading

Institutional Equities

• Euro Core Sales
• Structured Derivatives Sales
• Derivatives Flow Sales and Trading

Training Program

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

Role and Responsibilities

Analysts are hired onto specific desks within Institutional Equities or Fixed Income where they remain for the duration of their program. You will get exposure to a wide range of tasks and responsibilities and depending on the desk requirement, duties may include;

• Working with colleagues who manage client relationships by communicating value-added ideas to their clients based on their own opinions and the Firm's research
• Working on Stock pitching ideas; write investment cases by looking at competitive advantages, sector specificities and valuations
• Provide support on the pricing requests and ideas generation
• Assisting in developing products tailored to match bespoke client needs
• Working on the full life cycle of a trade, from initial stage (indicative quotes) to post-settlement support
• Improving and developing automated tools

Qualifications and Skills

• You have strong analytical and numerical skills that put you at ease with financial data
• You are results-driven and perform well under pressure and against tight deadlines
• You are a proven team player and can manage a wide range of responsibilities
• You are committed to excellence in your work and maintain high professional and ethical standards
• You articulate complex ideas simply and summarise them effectively
• You have an excellent academic background and fluency in English and French

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

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 https://www.morganstanley.com/about-us/global-offices into your browser.

Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.