MS
Morgan StanleyMadrid

2027 Sales amp; Trading Off-Cycle Internship (Madrid)

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Programme

Internship

Location

Madrid

Duration

Twelve months

About the role

This twelve-month Madrid internship places candidates on a specific Institutional Equities or Fixed Income desk, supporting client ideas, trade execution, product development and desk efficiency. Interns receive on-the-job training, work alongside experienced professionals, and gain exposure to Sales, Trading and Management.

Placement and Teams

  • The program is based in Morgan Stanley’s Madrid office and lasts twelve months.
  • Interns join a specific desk within Institutional Equities or Fixed Income for the program duration.
  • Hiring teams include Euro Core Sales, Structured Derivatives Sales, Credit Exotics and FX Sales.

Responsibilities

  • Communicate value-added ideas to clients using personal opinions and the Firm’s research.
  • Develop stock pitches and investment cases covering competitive advantages, sectors and valuations.
  • Support pricing requests, idea generation and products tailored to bespoke client needs.
  • Work across the trade lifecycle, from indicative quotes through post-settlement support.
  • Improve and develop automated tools that increase desk productivity and efficiency.
  • Participate in company roadshows and additional projects supporting the desk.

Training and Exposure

  • Receive on-the-job training while working alongside experienced professionals on varied projects.
  • Gain exposure to Sales, Trading and Management through desk responsibilities and networking opportunities.
  • Experience the culture and atmosphere of the Sales & Trading Division.

Application

  • Submit only a CV and covering letter, both written in English.