2027 DWS Spring Internship - Product Specialist & Strategy - Frankfurt

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, there may be Summer or Fall Internships available, which open in September 2026.

About DWS2020

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 for 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 Active Product Team is looking for interns in the following areas:

• Product Specialist - Multi Asset

• Product Strategy & Business Development

• Product Solutions & White Label

As our DWS Intern, in the Multi Asset team you will:

• Expand your knowledge about capital markets across all asset classes and client channels by working side-by-side with our portfolio managers and sales colleagues

• Understand the unique investment requirements of our clients by supporting the team to develop customized institutional portfolio solutions

• Dive deep into DWS7 Multi Asset flagship funds by grasping their investment dynamics through various market phases

• Support the strong momentum of our Active Institutional franchise and learn about the key distinctions of each client channel

As our DWS Intern, in the Product Strategy & Business Development team you will:

• Contribute to the Product Pipeline: Identify the Active product pipeline and reporting of Active product suite including target setting, prioritization and regular challenge.

• Drive Strategy Development: Contribute to shaping the Active Product Strategy by deriving actionable insights from data and aligning them with regional specifics.

• Support Strategic Decision-Making: Support business decisions across asset classes and regions.

• Collaborate Across Teams: Work closely with Product Specialists, Client Coverage, Corporate Strategy and Finance teams to ensure strategic alignment and support.

• Prepare Presentations: Create high-quality presentations for senior management and internal committees.

As our DWS Intern, in the Product Solutions & White Label team you will:

• Support the development of innovative investment solutions: Work alongside Active and Passive Product & Sales Specialists, Portfolio Managers, Product Management and Structurers to help design, enhance and position discretionary portfolio management (DPM), financial planning and white label investment solutions.

• Contribute to product initiatives across the lifecycle: Support fund launches, product enhancements and strategic initiatives, gaining insights into how investment solutions move from concept to implementation and distribution.

• Support White Label and Private Label partnerships: Gain exposure to partner-branded fund solutions, product development processes, distribution models and Management Company (ManCo) structures.

• Support strategic growth initiatives: Contribute to projects related to private pensions, digital investment journeys, product innovation and new business opportunities across DWS7s Solutions and White Label platform.

• Gain exposure to client interactions and market developments: Participate in product pitches, market updates and internal discussions, developing a comprehensive understanding of asset management, investment solutions and distribution strategies.

All Teams are looking for:

• Advanced German (C1) and advanced English language skills

• Strong skills in MS Office tools

• Team player with a curious mind

• Keen interest in financial markets and portfolio strategies; prior experience is not required

• You must meet all core and role eligibility requirements

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 German)

Step 4 - Final Interview Day (likely in 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 dws.ECrecruitment@db.com and someone from our Early Careers team will get in touch.

Invest in your future.

Start date: January 18 0 April 30, 2027

Closing date: Sunday, 13 September 2026 a023:59 (UK time)