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Investment Banking Summer Analyst Program

Jefferies Summer Analyst Internship

Everything you need to know about the Jefferies summer analyst program, including compensation, conversion rates, recruiting timeline, and application tips.

Last updated April 2026 · By the Superday AI editorial team

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Weekly Pay

$2,115/week

Duration

10 weeks

Conversion Rate

~75-85%

Overview

Jefferies' summer analyst program is well-structured and has expanded significantly alongside the firm's overall growth. Interns are placed into specific industry groups and gain direct exposure to live deal work, including pitching, financial modeling, and client interaction. The program includes formal training sessions covering financial modeling, valuation, and presentation skills, along with networking events and social programming that create cohort bonding opportunities. Class sizes vary by office but are large enough to create a genuine community while remaining small enough for meaningful senior exposure. Conversion rates have been strong, typically in the seventy to eighty percent range, and Jefferies uses the summer program as its primary full-time analyst hiring pipeline. The culture during the internship reflects the firm's broader entrepreneurial ethos: interns who demonstrate initiative and a willingness to go beyond assigned tasks are noticed and rewarded. Mentorship is structured through formal buddy and mentor assignments, supplemented by organic relationships that develop through deal team collaboration. One distinguishing feature is the breadth of exposure within a full-service platform: interns can interact with colleagues in capital markets, leveraged finance, and equity research in addition to their core advisory group, providing a more comprehensive understanding of investment banking than a pure advisory boutique would offer. Jefferies' growth trajectory also means that interns join a firm with expanding deal flow and increasing market share, creating a sense of momentum and opportunity that is palpable during the program.

Internship Compensation

Weekly Pay

$2,115

Annualized Salary

$110,000

Housing Stipend

$7,000

Relocation

Up to $2,000 for domestic relocation

Meals: Seamless dinner stipend when working past 7pm

Transport: Car service after 9pm on weekdays

Recruiting Timeline

1

Applications Open

March-June of sophomore year

2

HireVue Deadline

June-August of sophomore year

3

First Round Interviews

June-September of sophomore year

4

Superdays

August-November of sophomore year

5

Offers Extended

September-December of sophomore year

Application Tips

  • Research Jefferies' positioning as the largest non-bulge bracket bank
  • Demonstrate interest in the firm's entrepreneurial culture and product breadth
  • Prepare for technical questions across M&A, capital markets, and restructuring
  • Highlight ability to thrive in dynamic, growth-oriented environments

What to Expect

Jefferies' summer program provides exposure to a full-service investment banking platform with the culture and access of a smaller firm. Interns work across M&A advisory, capital markets, and restructuring, gaining broader product exposure than many elite boutique programs. Class sizes are moderate (40-60 interns), providing balance between resources and individual attention. The program includes structured rotations allowing interns to experience multiple groups before full-time placement. Jefferies emphasizes technical training, deal execution skills, and relationship building. The firm's entrepreneurial culture and growth trajectory create opportunities for high performers to advance quickly. Conversion rates are strong, with the Jefferies platform offering flexibility to explore different product areas post-internship.

Intern Perks

  • Rotational exposure to coverage and product groups
  • Capital markets training
  • Restructuring advisory experience
  • Networking across global offices
  • Comprehensive technical training program

Frequently Asked Questions

How much do Jefferies summer analysts make?

Jefferies summer analysts earn $2,115 per week, which annualizes to approximately $110,000. The program typically runs for 10 weeks.

What is the Jefferies intern conversion rate?

The conversion rate for Jefferies summer analysts to full-time offers is approximately ~75-85%. Final week of internship.

When should I apply to Jefferies?

Applications for the Jefferies Investment Banking Summer Analyst Program typically open March-June of sophomore year. First round interviews are held June-September of sophomore year, with Superdays August-November of sophomore year.

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