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Summer Analyst Program

LionTree Summer Analyst Internship

Everything you need to know about the LionTree 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

$2,230/week

Duration

10 weeks

Conversion Rate

~80-90%

Overview

LionTree's internship program is extremely exclusive, reflecting the firm's small size and sector-focused model. With class sizes typically in the low single digits, summer analysts receive an immersive experience that bears little resemblance to the structured programs at larger banks. Interns are integrated into deal teams immediately and often work alongside senior bankers on live media and telecom advisory mandates. The learning curve is steep but the exposure is remarkable: interns regularly interact with C-suite executives at major media companies and gain firsthand insight into how transformative industry transactions come together. The program does not feature extensive formal training or large-cohort networking events; instead, it operates as a genuine preview of full-time analyst life at LionTree. Mentorship is direct and personal, with senior bankers investing time in developing interns' understanding of the media landscape. Conversion rates tend to be high, as the firm's small recruiting numbers mean that each intern was selected with full-time potential in mind. Networking opportunities during the program are qualitatively different from those at larger banks, centering on smaller gatherings and direct interactions with industry leaders. For candidates with a genuine passion for media and entertainment, the LionTree internship provides a caliber of industry exposure and deal experience that is virtually impossible to replicate elsewhere. The firm's entrepreneurial culture also means interns can contribute ideas and take on responsibilities that would be reserved for more senior analysts at larger institutions.

Internship Compensation

Weekly Pay

$2,230

Annualized Salary

$115,960

Housing Stipend

$8,500

Relocation

Up to $2,500 for domestic relocation

Meals: Unlimited meal delivery

Transport: Unlimited car service after 8pm

Recruiting Timeline

1

Applications Open

January-April of sophomore year

2

HireVue Deadline

April-June of sophomore year

3

First Round Interviews

April-July of sophomore year

4

Superdays

June-September of sophomore year

5

Offers Extended

July-October of sophomore year

Application Tips

  • Demonstrate passion for media, technology, and content industries
  • Research LionTree's merchant banking investments and advisory deals
  • Prepare for discussions about digital transformation and content ecosystem
  • Showcase entrepreneurial mindset and strategic thinking

What to Expect

LionTree's summer program offers unique exposure to transformative TMT M&A and the firm's merchant banking portfolio, providing perspective on both advisory and principal investing. Interns work on high-profile media and technology transactions while gaining visibility into how LionTree's investments inform its advisory practice. The tiny intern class (typically 5-10 students) ensures extraordinary responsibility and access to senior bankers and firm founder Aryeh Bourkoff. The program emphasizes understanding business model disruption, content economics, and platform dynamics. Interns often participate in meetings with founders and CEOs of portfolio companies and advisory clients. LionTree's culture values creative problem-solving and sector expertise, with strong performers receiving aggressive full-time offers and potential long-term merchant banking participation.

Intern Perks

  • Exposure to merchant banking portfolio
  • TMT industry immersion
  • Founder and CEO networking events
  • Media and content industry access
  • Small class with high responsibility

Frequently Asked Questions

How much do LionTree summer analysts make?

LionTree summer analysts earn $2,230 per week, which annualizes to approximately $115,960. The program typically runs for 10 weeks.

What is the LionTree intern conversion rate?

The conversion rate for LionTree summer analysts to full-time offers is approximately ~80-90%. Last week of internship.

When should I apply to LionTree?

Applications for the LionTree Summer Analyst Program typically open January-April of sophomore year. First round interviews are held April-July of sophomore year, with Superdays June-September of sophomore year.

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