2027 Off-Cycle Internship - Global Banking - London

This is UBS's 2027 Off-cycle Internship in its Global Banking business in London. The paid internship lasts three to six months. You would evaluate companies and build models for M&A transactions, prepare industry analyses for pitches and get involved in executing live deals, with mentors and access to senior people, and a successful internship may bring an offer to return for the Graduate Talent Program after your studies. Source

'Off-cycle' means the seat is outside the summer window and, at three to six months, long enough to work on a deal from pitch to signing. The eligibility line that admits recent graduates up to six months after the start date tells you who fills these seats: people finishing or just finished who want a bank internship on the CV before the graduate round.

Nothing attaches this posting to a named team node, so the description below comes from the advert itself. No start date, sector or product group is stated.

You would work in the Global Banking team, which the bank says is responsible for providing coverage, advisory, capital markets and financing solutions for corporate, financial institution and sponsor clients. Source

84 people have held London roles at UBS's IBD since 2018, the population this internship feeds into. Against 15 in the bank's M&A unit and 5 in Lev Fin in the same data, the broad investment banking group is where most of the London bankers we see sit.

UBS describes itself as a firm with a truly global footprint, says it uses artificial intelligence to work smarter and puts collaboration at the centre of how it works, and states it is an equal opportunity employer that offers reasonable adjustments through the recruitment process. Source

253 people have held London roles at UBS as a whole since 2018, against 84 in IBD, so investment banking is the largest single destination for the bank's London hires.

The advert allows candidates who have recently graduated, no more than six months before the internship start, and says a successful internship may lead to an offer to return for the Graduate Talent Program after your studies. Source

A 2027 off-cycle seat advertised in August 2026 with a September deadline is part of the bank's annual campus round rather than an ad hoc backfill, so expect the same assessment steps as the summer programme and a cohort of interns starting through 2027.

The bank says applications may close before 13 September. With a four-week window and no stated start date, the sensible read is rolling review with placements matched to team need; apply early and be flexible on when you can start.

You should be in the penultimate or final year of your degree or have graduated no more than six months before the internship starts; have or be on track for a 2:1 (UK system) or equivalent in your first undergraduate degree; be able to show how experimental and responsible use of AI can improve outcomes and efficiency; and have values the bank lists as hard-working, trustworthy, dedicated and collaborative, with strategic thinking, strong communication and the motivation to work to tight deadlines. All majors are welcome, with an interest in the financial industry expected. Source

The six-month rule is the one to check against your own dates: it is measured from the internship start, not from the application, so a summer 2026 graduate fits a January 2027 start but not a later one. Have one concrete AI example ready; the bank asks for it in every campus advert.