Eligibility Criteria

Advanced English language skills; German skills are beneficial but not required
Bachelor student graduating in 2027 or 2028 OR
Master student graduating in 2028, OR
Gap year between your bachelor and masters degree
Less than 12 months of full-time relevant work experience (excluding internships)
Availability for a full-time 3 – 6 month internship; see start date for more details

Start Date

This internship is available for a length of between 3 and 6 months, starting on any date between 18 January and 30 April 2027.

If you are not available during this period, please apply for a Summer & Fall 2027 Internship instead. Those applications open in mid-September 2026.

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, successful interns may be offered a place on the DWS Graduate P.A.C.E. Program the following year.

About the Team

DWS's Product Division stands at the forefront of innovation in the asset management industry, setting our product suite apart as a key driver for growth in a competitive market. Our mission is to craft high-quality, innovative products that resonate with our clients' needs. We are committed to agile product development, with a focus on customer needs, quality, rapid time-to-market, and profitability across the entire product lifecycle.

The Product Division is looking for interns in the following areas:

Digital
Xtrackers (Passive)
Structuring

About the Digital Products Team

The Digital Products team develops and executes the digital product strategy of DWS, with a focus on leveraging emerging technologies such as blockchain to enhance the existing product suite and drive the development of new digital products and embedded solutions. This includes delivery across the value chain, orchestrating investment products, technology capabilities, and cross-functional deliverables into a cohesive solution. The team continuously monitors emerging digital market trends to identify and potentially capitalize on new opportunities.

As our DWS Intern, you will:

Support strategic digital initiatives from ideation to implementation.
Collaborate with a diverse range of internal and external stakeholders.
Conduct research on market trends and emerging technologies.
Assist in the development of presentations and strategic documents for the senior leadership team.
Work in a dynamic, international team that values innovation and collaboration.

About the XTrackers (Passive) Team

The Xtrackers Product Specialists and Development team is part of a global platform with presence in New York, London, Frankfurt, Pune / Mumbai, and Luxembourg. The team is responsible for managing the full lifecycle of ETFs and other index-based solutions (e.g. ETCs or mandates) – from initial idea generation as well as index and product design through to implementation and ongoing product management. In addition, the team develops product-related content and plays an active role in client engagements and industry events. They collaborate closely with global Sales and Investment teams in Portfolio Management and Capital Markets, building and maintaining strong relationships across the organization.

As our DWS Intern, you will:

Support the team in the development and implementation of product and index development initiatives, thought leadership and content, and strategic or product-related projects
Contribute to strategic initiatives and innovation efforts to strengthen Xtrackers’ positioning as a leading provider of ETFs and indexing solutions
Help create thought leadership, educational, and marketing-related content for internal and external audiences
Interact with a wide range of stakeholders, including index providers, portfolio managers and client coverage specialists, to support the execution of product-related projects

About the Structuring Team

The DWS Structuring team develops investment solutions for our retail and institutional investors worldwide. While the focus of activities lies in quantitative aspects, we also analyze regulatory and / or accounting issues relating to the developed investment solutions.

As our DWS Intern, you will:

Work closely with the Structuring team on the development of new investment solutions and product concepts
Support the development of complex model-based Strategic Asset Allocations for institutional clients
Perform simulations and sensitivity analyses of various investment strategies and portfolio compositions and support the development of the applications used for this purpose in Python
Prepare documents supporting sales, product specialists and structurers in communicating complex investment solutions to clients
Learn about portfolio structuring and development of regulatory capital sensitive/efficient investment solutions

The above teams are looking for:

Advanced English language skills; German skills are beneficial but not required
Proficiency in Microsoft Office, PowerPoint and Excel
Strong interest in financial markets or asset management; prior experience is not required
Strong analytical skills with quantitative concepts and good attention to detail
Curious, proactive mindset with strong communication, organizational and teamwork skills
Structuring / Xtrackers (Passive) teams: Good programming skills in Python/R/Jav
XTrackers (Passive) team: Good experience with project management and structured project execution
Digital team: Foundational knowledge in at least one of the following areas - blockchain, digital assets, tokenization, stablecoins, cryptocurrencies, embedded finance, APIs, or WealthTech
Eligibility based on the eligibility criteria mentioned at the top of this post

AI & Future Skills

The future of asset management will be shaped by people who can combine curiosity, critical thinking and technology.

At DWS, interns and graduates are encouraged to explore how emerging technologies, including artificial intelligence, can support research, analysis, productivity and innovation.

Through our learning ecosystem, you'll develop the skills needed to work effectively in a rapidly evolving industry while understanding the importance of responsible and ethical use of technology.

We welcome candidates from all degree disciplines who demonstrate:

Curiosity and a willingness to learn
Critical thinking and sound judgement
Strong collaboration skills
An enthusiasm to using technology and AI-enabled tools to improve outcomes

Our Application Process

Step 1 – Online Application
Step 2 - Online Tests
Step 3 - Video Interview (in English)
Step 4 - Final Interview Day (in English)

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. DWS is an equal opportunities employer and we welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations. We are committed to providing a working environment free from harassment, discrimination and retaliation.

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 < email deleted for security reasons >. Someone from our Early Careers team will get in touch.

Invest in your future. Click to apply.