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

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.

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

Morgan Stanley Investment Management, together with its investment advisory affiliates, manages $1.6 trillion in assets globally as of March 31, 2025.  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.

Training Program

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.

The internship will commence in July 2026 and typically lasts 6 months. 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.

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 have graduated from university or able to take the time off to commit for a full-time internship role for 6 months from July 2026 if you are currently in study
• 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.
• Fluency in English and in the local language based on the location you are applying for

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.