Real Estate Asset Management Internship — Summer 2026

BlackRomance; Chicago (IL); Hybrid; USD 90,000 - 110,000; Full time

Job summary

DWS Chicago is seeking a Real Estate Intern to gain hands-on experience in underwriting, valuations, and investment analysis within the Real Estate team. You will work on multi-year planning using Argus and Excel, supporting financings, leasing, and asset management under mentorship.

Successful interns may join the DWS Graduate P.A.C.E. Program the following year, with exposure to across-team collaboration and real-world asset management insights. This position is based in Chicago, IL.

Qualifications

• Strong Excel and analytical modeling skills.
• Relevant coursework or work experience in Real Estate preferred.
• Ability to leverage AI tools to enhance financial analysis and reporting.

Responsibilities

• Compile DCF underwriting in Argus and Excel for multi-year planning.
• Prepare Investment Committee presentations for financings and dispositions.
• Analyze leasing opportunities and market research.
• Develop in-house tools to increase efficiency across assets.

Skills

Excel

Analytical modeling

Real estate knowledge

AI tools literacy

Tools

ARGUS

Excel

Job description

DWS

Chicago, IL Internship Financial Services Posted 09/22/2026

Applications will remain open until Monday October 5th at 6.59pm EST. We reserve the right to close or extend the application window as required.

About DWS
At DWS we’re capturing the opportunities of tomorrow. Join our leading global asset management firm and make an impact on individuals, communities and the world. Whether collaborating to discover innovative solutions, exploring your curiosity or developing new skills – at DWS, we support you in achieving your goals. Invest in your future!

About the DWS Internship
The DWS Internship offers a unique and exciting opportunity to gain a wide range of practical experiences through individual projects, speaker sessions, and networking events. With strong support from mentors and managers, you will be challenged to grow while gaining valuable insights into the world of Asset Management. This is an excellent way to determine whether a career in Financial Services & Asset Management meets your personal aspirations.

Subject to performance, successful interns may be offered a place on the DWS Graduate P.A.C.E. Program the following year.

About the Real Estate Team:
With a platform and approach to real estate investing developed over 50 years, DWS Real Estate is ranked among the world’s largest real estate managers. Our mission is to deliver superior long-term, risk-adjusted returns, yield-generating opportunities, preservation of capital, and diversification. We seek competitive, sustainable returns through a disciplined investment process and take a rigorous life cycle approach to identify, implement and monitor investment themes and tactics.

As our DWS Real Estate Intern, you will:

Compile DCF underwriting in both Argus and Excel to assist with multi‐year planning, hold‐sell decisions, financings, leasing, and value‐add strategies
Prepare Investment Committee presentations for financings, leasing, and dispositions
Analyze leasing opportunities and sensitivities via ARGUS, NPV analyses, and market research
Proactively identify opportunities to provide additional analysis/recommendations to add value to your respective AM/PM
Lead external appraisal process and complete internal valuations, while working across several in‐house departments, including transactions and research
Support the transition of newly acquired properties from the Transactions group and the Portfolio / Asset Management group
Develop in-house tools for both, commercial and residential assets, to increase efficiency
Review of Asset Management reports for purposes of confirming NRA, occupancy, carrying value and net operating income
Prepare annual property business plans and review of quarterly reporting
Prepare Annual Investment Plans and development of Hold/Sell or MAP Recommendations

The Team is looking for:

Proactive, coachable, accountable, and personable
Organized/disciplined, works with urgency, able to manage multiple priorities in a fast-paced environment
Strong work ethic, intellectual curiosity, and critical thinking abilities
Attention to accuracy and detail
Effective communicator with strong social/relationship building skills
Ability to work as part of a team and independently
Relevant coursework, internship or work experience in Real Estate would be beneficial, but isn’t essential
Ability to effectively leverage AI tools to enhance financial analysis, improve reporting efficiency, and generate insights
Strong excel and analytical modeling skills
A genuine interest in contributing to a strong, positive, and collaborative team culture

Salary
The salary range for this position is $100,000. Posted salary ranges do not include incentive compensation or any other type of renumeration.

AI & Future Skills
The future of asset management will be shaped by people who can combine curiosity, critical thinking and technology. At DWS, interns and graduates are encouraged to explore how emerging technologies, including artificial intelligence, can support research, analysis, productivity and innovation. Through our learning ecosystem, you'll develop the skills needed to work effectively in a rapidly evolving industry while understanding the importance of responsible and ethical use of technology.

We welcome candidates from all degree disciplines who demonstrate:

Curiosity and a willingness to learn
Critical thinking and sound judgement
Strong collaboration skills
An enthusiasm to using technology and AI-enabled tools to improve outcomes

Our Application Process

Step 1 – Online Application
Step 2 - Online Tests
Step 3 - Video Interview
Step 4 - Final Interview Day

Our commitment to equal employment opportunity
Our values define the working environment we strive to create – diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.

We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.

We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories. Click these links to view the following notices:"EEO is the Law poster"andsupplement;Employee Rights and Responsibilities under the Family and Medical Leave Act;Employee Polygraph Protection ActandPay Transparency Non-discrimination Provision.

Privacy Statement
The California Consumer Privacy Act outlines how companies can use personal information. Clickhereto view DWS’ Privacy Notice.

If you have any questions about this program or need us to make any adjustments to help you complete any stage of your application, let us know at [e-mail] and someone from our Early Careers team will get in touch.