Eligibility Criteria

Intermediate German (B1/B2) and advanced English language skills
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 are 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 dedicated 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 Corporate Strategy

The Corporate Strategy Team, which is part of the Executive Division, manages the full corporate strategy process – from analysis to strategy formulation, execution, and implementation. It is organized along three teams: Strategy Development, Strategy Implementation and M&A.

About the M&A Team

The M&A Team oversees, evaluates, and executes all inorganic strategic activities of DWS including acquisitions, divestments, strategic partnerships, and other key corporate transactions. Its mandate includes:

Identifying and evaluating potential M&A transactions that are aligned with DWS’ strategic priorities.
Leading and managing transaction preparation, due diligence, strategic, financial and risk assessment, structuring, negotiation, and closing of transactions.
Managing transaction approval processes.
Coordinating internal and external stakeholders, including external advisors.
Representing DWS as principal in negotiating transactions with external counterparties.

As DWS Intern in our team, you will:

Support M&A projects in connection with DWS’s global business activities.
Be involved in identifying and evaluating potential M&A transactions.
Conduct financial analysis, including building business cases and valuation models.
Participate in various stages of the M&A process including transaction preparation, due diligence, strategic, financial and risk assessment.
Coordinate with internal and external stakeholders.
Prepare decision papers for DWS senior management and for the relevant committees.

The Team is looking for:

Intermediate German (B1/B2) and advanced English language skills
Advanced skills in MS Excel, PowerPoint and Word
Strong analytical skills and intellectual curiosity around the key trends driving the asset management industry
Strong teamwork and communication skills
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 (likely in English and German)

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 < e-post borttagen av säkerhetsskäl > and someone from our Early Careers team will get in touch.

Invest in your future. Click to apply.