Morgan Stanley's spring internship is not cancelled but VIRTUAL
It's spring internship application season for students at UK universities, but one US bank doesn't seem to be participating. Morgan Stanley's 2026 spring internships have yet to be added to its careers site. Students have been suggesting that the US bank has cancelled its spring weeks after realising that the resulting candidates are "garbage." But this is not so.
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Morgan Stanley isn't commenting on the whereabouts of its spring week job postings, but we understand that they are coming. And when they do, they will be different.
The US bank is understood to be reverting to a pandemic style of internship and will be offering virtual spring week internships in its larger divisions in 2026. Details of the new programme are yet to be finalised. It's understood that some divisions at the bank will still offer in-person internships, but it's not clear which.
Other US banks have also quietly introduced virtual offerings. Goldman Sachs, for example, offers a four-week-long virtual insight program, applications for which open in March 2026. Citi offers a range of "virtual experience programs."
By offering virtual programmes, banks are able to accommodate more students. Student applications to banking jobs have gone through the roof, while acceptance rates have declined precipitously.
Converting virtual internships can be a struggle, however. 30% of spring internships typically lead to summer internship offers, and summer internship offers lead to graduate job offers. It's not clear whether Morgan Stanley will be making offers based on its new virtual experiences.
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