2026 Investment Management Off-cycle Internship - Real Estate Investing (Madrid)

In the Investment Management division, we deliver active investment strategies across public and private markets and custom solutions to institutional and individual investors.

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

Morgan Stanley Investment Management (MSIM), together with its investment advisory affiliates, has about $1.4 trillion in assets under management or supervision. With 1,343 investment professionals worldwide, and 54 offices in 25 countries, Morgan Stanley Investment Management is able to provide in-depth local knowledge and expertise while channelling the strength of our global presence and resources. To support the delivery of tailored, value-added investment solutions to clients our investment teams are organized by capability: Solutions & Multi-Asset, Real Assets, Active Fundamental Equity, Private Credit & Equity, Global Fixed Income, and Global Liquidity. Morgan Stanley Investment Management strives to provide outstanding long-term investment performance, service and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations and individuals worldwide.

Morgan Stanley Real Estate Investing (REI) is Morgan Stanley's integrated global real estate practice. We are the world's leading global real estate investment manager with over $60 billion in real estate assets under management across core, value-added and opportunistic investment vehicles. REI acquires properties, operating companies, and real estate backed departments on a global scale on behalf of our institutional investors.

The Off-Cycle Internship is an opportunity to experience the culture and atmosphere in the Investment Management Division by taking on some of the responsibilities and functions of a Full-time Analyst for a short period. This internship will offer you an exciting and a dynamic work environment where you get to work alongside our diverse group of experienced professionals. The work that you do will be interesting and varied.

The internship will commence in January 2026 and typically lasts six months but can vary in length depending on business needs and candidate availability.

TRAINING PROGRAM

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

RESPONSIBILITIES

Collecting and synthesizing financial and operating information about potential investment opportunities and industries
Creating financial models
Gathering market data to analyse trends and help value and price transactions
Drafting presentations and memoranda for a wider audience within the Firm
Attending team discussions and partner meetings, where you may be asked to deliver parts of a presentation

QUALIFICATIONS/ SKILLS/ REQUIREMENTS

You will have to be graduated by Dec 2025 and be able to commit for a full-time internship role for six months
Fluency in English and in the local language based on the location you are applying for
Ability to analyse and interpret complex information quickly and accurately
Strong aptitude for numbers
Ability to communicate complex ideas clearly and succinctly
Temperament that thrives under pressure and changing situations
Strong analytical and numerical skills that put you at ease with financial data
Results-driven and able to perform well under pressure and against tight deadlines
Proven team player with the ability to manage a wide range of responsibilities.
Committed to excellence in your work and maintain high professional and ethical standards

WHAT YOU CAN EXPECT FROM MORGAN STANLEY

We have a track record of innovation and passion for unlocking new opportunities, we help our clients raise, manage and allocate capital. We do this by offering a wide range of investment banking, securities, wealth management and asset management services. All that we do at Morgan Stanley is driven by our five core values: do the right thing, put clients first, lead with exceptional ideas, commit to diversity and inclusion, and give back. These aren’t just beliefs, they guide the decisions we make every day, ensuring we do what's best for our clients, communities and more than 80,000 employees around the world. And at the core of our success are the people who drive it – relentless collaborators and creative thinkers who are fuelled by diverse thinking and experiences. Wherever you are in our 1,200 global offices, you’ll have the opportunity to work alongside the best and the brightest in an environment where you are empowered to achieve your full potential. 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. To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/aboutus/ global-offices into your browser.