Ducera Partners Summer Analyst Internship

Ducera Partners' internship program is extremely small and selective, typically bringing in just 2-5 summer analysts given the firm's lean structure. This selectivity creates an intern experience that is radically different from larger banks: interns work directly with partners and Managing Directors on live restructuring engagements, gaining exposure to complex capital structure negotiations, creditor committee dynamics, and distressed valuation work from day one. Compensation is competitive with elite boutique norms, typically $1,900-$2,100 per week. The program does not include the structured training rotations of larger banks; instead, Ducera interns learn through direct immersion in active deals, receiving real-time mentorship from senior bankers with decades of restructuring experience. The conversion rate is high but the sample size is small, meaning each intern is genuinely evaluated as a potential full-time hire with significant weight placed on intellectual capacity, work ethic, and cultural fit. Ducera's recruiting process is less formalized than bulge brackets, with candidates often identified through networking, referrals from professors, and outreach at target schools. Applications may not follow the standard banking timeline, and proactive networking with the firm's bankers is the most reliable path to securing an interview. Candidates with coursework in bankruptcy law, credit analysis, or distressed investing have a distinct advantage. The firm looks for candidates who are specifically passionate about restructuring rather than those exploring banking broadly, making a clear and informed articulation of why Ducera and why restructuring essential to winning an offer.