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2026 Investment Management Off Cycle Internship - European Real Estate Debt (London) 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 & DURATION Morgan Stanley Investment Management (MSIM), together with its investment advisory affiliates, has about 1.7 trillion in assets under management or supervision. With 1,396 investment professionals worldwide, and 56 offices in 24 countries, MSIM 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: equities, fixed income, multi-asset solutions, liquid alternatives and private markets. MSIM 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. The European Real Assets Private Credit Team is part of Morgan Stanleys Investment Management Real Assets capabilities which managed over 75Bn of investable capital globally across real estate and infrastructure equity and credit strategies. The European Real Assets Private Credit team manages approximately 4 billion of investable capital and focuses on investments in European real estate debt across investment grade and value-add strategies. 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 the August 2026 and typically lasts six months. 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 Engaging in all aspects of due diligence and business and asset analysis Participating in structuring, negotiating, and documenting investments Drafting presentations and memoranda for a wider audience within the Firm Asset management of the portfolio loans; actively monitoring existing investments Building relationships with advisors and sponsors; sourcing new opportunities Participating in capital raising efforts and managing investor relations Participating in business development and drafting investor material QUALIFICATIONS/ SKILLS/ REQUIREMENTS You have graduated from university and are able to commit for a full time internship role for six months Strong academic background You are fluent in English, with excellent verbal and written communication skills. An ability to communicate effectively in multiple languages would be an advantage Passion for investing with a specific interest in real estate demonstrated through choice of academic subjects, internships or other experience Ability to analyse and interpret complex information quickly and accurately Ability to communicate complex ideas clearly and succinctly Strong analytical and numerical skills that put you at ease with financial data 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 Financial-Specialists

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