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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$2,115/week
10 weeks
~75-85%
Overview
Jefferies runs a 10-week Investment Banking Summer Analyst Program that pays roughly $2,115 per week plus a $7,000 housing stipend and converts about 75-85% of interns to full-time offers.
Key facts
- The Jefferies Investment Banking Summer Analyst Program runs 10 weeks, typically from June to August.
- Interns earn roughly $2,115 per week, about $110,000 annualized.
- Jefferies provides a $7,000 housing stipend and up to $2,000 for domestic relocation, but does not provide housing directly.
- Approximately 75-85% of Jefferies summer analysts receive full-time offers.
- Return offer decisions come in the final week of the internship.
Compensation
Jefferies pays summer analysts roughly $2,115 per week, which works out to about $110,000 annualized. Interns also receive a $7,000 housing stipend and up to $2,000 for domestic relocation. Housing is not provided directly, so the stipend covers what interns arrange themselves.
Conversion and Return Offers
The program is Jefferies' primary full-time analyst hiring pipeline, with a conversion rate of approximately 75-85%. Return offer decisions are delivered in the final week of the internship. Interns who show initiative and go beyond assigned tasks get noticed and rewarded, consistent with the firm's entrepreneurial culture.
The Experience
Interns are placed into specific industry groups and work on live deals, including pitching, financial modeling, and client interaction. Formal training covers financial modeling, valuation, and presentation skills, and networking events build cohort relationships. Mentorship runs through assigned buddy and mentor pairings plus organic relationships from deal team work. As a full-service platform, Jefferies lets interns interact with capital markets, leveraged finance, and equity research alongside their core advisory group, a breadth a pure advisory boutique cannot match.
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
Applications Open
March-June of sophomore year
HireVue Deadline
June-August of sophomore year
First Round Interviews
June-September of sophomore year
Superdays
August-November of sophomore year
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.
More Jefferies Resources
Sources
- Jefferies - Careers. Jefferies (accessed 2026-05-14)
- Internship & Co-op Survey. National Association of Colleges and Employers (NACE) (accessed 2026-05-14)