2026 DWS Summer Internship - Real Estate Investment - Chicago
About DWS:
At DWS we’re capturing the opportunities of tomorrow. Join our leading global asset management firm and make an impact on individuals, communities and the world. Whether collaborating to discover innovative solutions, exploring your curiosity or developing new skills – at DWS, we support you in achieving your goals. Invest in your future!
About the DWS Internship:
The DWS Internship offers a unique and exciting opportunity to gain a wide range of practical experiences through individual projects, speaker sessions and networking events. With strong support from mentors and managers, you will be challenged to grow while gaining valuable insights into the world of Asset Management. This is an excellent way to determine whether a career in Financial Services & Asset Management meets your personal aspirations.
Subject to performance and business requirements, successful interns may be offered a place on the DWS Graduate P.A.C.E. Program the following year.
About the Real Estate Team:
With a platform and approach to real estate investing developed over 50 years, DWS Real Estate is ranked among the world’s largest real estate managers. Our mission is to deliver superior long-term, risk-adjusted returns, yield-generating opportunities, preservation of capital, and diversification. We seek competitive, sustainable returns through a disciplined investment process and take a rigorous life cycle approach to identify, implement and monitor investment themes and tactics.
As our Intern, you will:
- Compile DCF underwriting in both Argus and Excel to assist with multi‐year planning, hold‐sell decisions, financings, leasing, and value‐add strategies
- Prepare Investment Committee presentations for financings, leasing, and dispositions
- Analyse leasing opportunities and sensitivities via ARGUS, NPV analyses, and market research
- Proactively identify opportunities to provide additional analysis/recommendations to add value to your respective AM/PM
- Lead external appraisal process and complete internal valuations, while working across several in‐house departments, including transactions and research
- Support the transition of newly acquired properties from the Transactions group and the Portfolio / Asset Management group
- Develop in-house tools for both, commercial and residential assets, to increase efficiency
- Review of Asset Management reports for purposes of confirming NRA, occupancy, carrying value and net operating income
- Prepare annual property business plans and review of quarterly reporting
- Prepare Annual Investment Plans and development of Hold/Sell or MAP Recommendations
The Team is looking for:
- Organized, be able to multi‐task, and communicate effectively
- Ability to work as part of a team and independently
- Strong work ethics and critical thinking skills
- Relevant coursework, internship or work experience in Real Estate would be beneficial, but isn’t essential
Our Application Process:
- Step 1 – Online Application
- Step 2 - Online Tests
- Step 3 - Video Interview
- Step 4 - Final Interview Day
Start Date:
June 1st 2026.
Salary:
The salary range for this position is $100,000 prorated. Posted salary ranges do not include incentive compensation, or any other type of renumeration.
Eligibility Criteria:
- Must be enrolled and on track to graduate from a Bachelors or Masters degree in 2027.
- Must have less than 12 months of full-time relevant work experience (excluding internships)
- Must be available to work full-time (including a minimum of 3 days per week in the office) during the duration of the internship
- Must be presently authorized to work for any employer in the United States and will not require work visa sponsorship from DWS, now or in the future, to retain authorization to work in the United States
- See below description for role specific requirements.
Our commitment to equal employment opportunity:
Our values define the working environment we strive to create – diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.
We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.
We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories. Click these links to view the following notices: "EEO is the Law poster" and supplement ; Employee Rights and Responsibilities under the Family and Medical Leave Act; Employee Polygraph Protection Act and Pay Transparency Non-discrimination Provision.
Privacy Statement:
The California Consumer Privacy Act outlines how companies can use personal information. Click here to view DWS’ Privacy Notice.
If you have any questions about this program or need us to make any adjustments to help you complete any stage of your application, let us know at dws.ECrecuitment@db.com and someone from our Early Careers team will get in touch.
Invest in your future. Click to apply.