Lazard Summer Analyst Internship
Everything you need to know about the Lazard 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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$2,200/week
10 weeks
~70-80%
Overview
Lazard runs a selective 10-week Summer Analyst Program of 40 to 60 interns that converts roughly 70 to 80% to full-time offers.
Key facts
- Lazard's Summer Analyst Program runs 10 weeks, from June to August.
- Interns earn about $2,200 per week, roughly $115,000 annualized.
- The program converts roughly 70 to 80% of interns to full-time offers.
- The class size is 40 to 60 interns.
- Return offer decisions come in the final week of the program.
Compensation
Lazard pays summer analysts about $2,200 per week, which annualizes to roughly $115,000. The program does not provide housing. Pay sits at the elite boutique level and reflects the firm's advisory positioning.
Conversion & Return Offers
The program converts roughly 70 to 80% of interns to full-time offers. Return offer decisions come in the final week of the program. The mid-summer review is candid and constructive, giving interns clear feedback on strengths and development areas before the final call.
The Experience
From the first week of staffing, interns contribute to live advisory assignments, building models, preparing analysis, and in some cases attending client meetings with senior bankers. Training covers standard modeling and valuation plus Lazard-specific content on restructuring, capital structure advisory, and the firm's sovereign practice. The small class of 40 to 60 creates real visibility: interns interact regularly with MDs and partners, and evaluation is personal rather than metric-driven. Interns may work an M&A mandate one week and a restructuring engagement the next, seeing both sides of the capital structure.
Recruiting & Timing
Recruiting follows the standard elite boutique timeline, with applications due early and a highly competitive selection process. The firm looks for candidates who show intellectual depth, analytical precision, and genuine curiosity about complex advisory problems.
Internship Compensation
Weekly Pay
$2,200
Annualized Salary
$115,000
Meals: Dinner provided
Transport: Car service after 9pm
Recruiting Timeline
Applications Open
August-October (year before)
HireVue Deadline
October
First Round Interviews
October-December
Superdays
November-February
Offers Extended
December-March
Application Tips
- Emphasize interest in Lazard's global platform and sovereign advisory
- Prepare for technical depth on M&A, restructuring, and valuation
- Show intellectual curiosity and long-term thinking
- Demonstrate awareness of Lazard's independent advisory model
What to Expect
Lazard's summer program is highly selective, with 30-40 interns globally. The firm provides structured training in the first week covering modeling, valuation, and client presentation skills. Interns work on live M&A and restructuring transactions, gaining exposure to complex advisory situations. The culture emphasizes intellectual rigor and thoughtful analysis, with senior bankers actively engaged in intern development. Mid-summer and final reviews provide detailed feedback, and return offers are extended to strong performers who demonstrate technical proficiency and cultural fit. While hours are demanding, the mentorship and deal quality are exceptional. Interns who succeed gain access to elite PE recruiting and long-term career development within Lazard's partnership track.
Intern Perks
- Global office exposure
- Senior banker mentorship
- Restructuring and M&A deal work
Frequently Asked Questions
How much do Lazard summer analysts make?
Lazard summer analysts earn $2,200 per week, which annualizes to approximately $115,000. The program typically runs for 10 weeks.
What is the Lazard intern conversion rate?
The conversion rate for Lazard summer analysts to full-time offers is approximately ~70-80%. Final week of program.
When should I apply to Lazard?
Applications for the Lazard Summer Analyst Program typically open August-October (year before). First round interviews are held October-December, with Superdays November-February.
More Lazard Resources
Sources
- Lazard - Campus Recruiting. Lazard (accessed 2026-05-14)
- Internship & Co-op Survey. National Association of Colleges and Employers (NACE) (accessed 2026-05-14)