2026 DWS Summer Internship - Traditional Investment (TAC) - New York
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 Team:
DWS is one of the world’s leading investment organizations, with a platform that manages over a trillion dollars in assets. The Traditional Asset Class investment group includes Active Fixed Income, Active Equity and Xtrackers (ETF platform) with a commitment to achieve superior performing portfolios and achieve consistent above-average, risk-adjusted returns. Our investment process and performance culture is driven by the combination of accountability and conviction with independent and strong risk oversight at each step of the investment cycle challenging portfolio management’s view in pursuit of consistent and achievement of our client’s goals.
As our Intern, you will:
Undertake a 10-weeks training within Traditional Asset Classes. A non-exhaustive list of possible rotations includes Trading, Fixed Income Investments, Equities, and/or Xtrackers (DWS’ flagship ETF product).
Depending on where you are placed, your day-to-day responsibilities might include the following.
- Day-to-day management of traditional asset class portfolios for cash investing to investment grade to high yield to equities
- Support portfolio managers with trade execution, portfolio trades and credit default swap orders in compliance with trading procedures and portfolio guidelines
- Monitor public bond market, assess relative value and provide investment recommendations for specific securities that are aligned with the strategy of portfolios
- Building and maintaining relationships externally with banks, broker-dealers and financial marketplace counterparts
- Participate in internal meetings with portfolio managers and research as part of the investment decision making process
- Work on innovative and creative ETF/index concepts in collaboration with index providers
- Interact directly with key partners such as our clients, index providers and other business partners
- Contribution to the production and promotion of thought leadership, content and marketing material
- Run product and market analytics such as wallet studies, product comparisons and peer/benchmark metrics
- Partnering with client coverage and client facing teams to provide commentary and discuss opportunities, macro events, investment performance and strategies with existing clients and prospects
The Team is looking for:
- Minimum of intermediate Microsoft Excel skills (Word and PowerPoint is helpful)
- Strong interest in financial markets evidenced by coursework or relevant experiences
- Financial modeling and analysis preferred, not required
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 Master's 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 Application Process:
- Step 1 – Online Application
- Step 2 - Online Tests
- Step 3 - Video Interview
- Step 4 - Final Interview Day
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.