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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$2,230/week
10 weeks
~80-90%
Overview
LionTree's 10-week Summer Analyst Program pays roughly $2,230 per week plus an $8,500 housing stipend and converts approximately 80-90% of interns to full-time offers.
Key facts
- LionTree's Summer Analyst Program runs 10 weeks from June to August.
- Interns earn roughly $2,230 per week, about $115,960 annualized.
- Summer analysts receive an $8,500 housing stipend, with up to $2,500 available for domestic relocation.
- The intern-to-full-time conversion rate is approximately 80-90%.
- Class sizes are typically in the low single digits, reflecting the firm's small, sector-focused model.
Compensation
Summer analysts earn roughly $2,230 per week, which annualizes to about $115,960. Housing is not provided, but interns receive an $8,500 housing stipend, and domestic relocation support runs up to $2,500. The program lasts 10 weeks, typically June to August.
Conversion And Return Offers
The conversion rate to full-time offers sits at approximately 80-90%. Return offers are extended in the last week of the internship. Each intern is selected with full-time potential in mind, and class sizes stay in the low single digits given the firm's size.
The Experience
Interns are integrated into deal teams immediately and often work alongside senior bankers on live media and telecom advisory mandates. The program skips extensive formal training and large-cohort networking events, operating instead as a genuine preview of full-time analyst life. Mentorship is direct and personal, with senior bankers investing time in developing interns' understanding of the media landscape. The entrepreneurial culture means interns can contribute ideas and take on responsibilities reserved for more senior analysts at larger institutions.
Industry Exposure
The learning curve is steep, but the exposure is wide. Interns regularly interact with C-suite executives at major media companies and gain firsthand insight into how transformative sector transactions come together. Networking centers on smaller gatherings and direct interactions with industry leaders rather than the large events common at bulge brackets. For candidates with a real passion for media and entertainment, this caliber of industry exposure and deal experience is hard to find elsewhere.
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
Applications Open
January-April of sophomore year
HireVue Deadline
April-June of sophomore year
First Round Interviews
April-July of sophomore year
Superdays
June-September of sophomore year
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.
More LionTree Resources
Sources
- LionTree - Careers. LionTree (accessed 2026-05-14)
- Internship & Co-op Survey. National Association of Colleges and Employers (NACE) (accessed 2026-05-14)