2026 Financial Advisory Summer Analyst Program

New York

Financial Advisory

Summer Internship

Lazard is one of the world’s leading financial advisory and asset management firms. Our people make the difference. With just over 3,000 employees, our tight-knit community allows for professionals eager to learn and willing to teach to connect and grow together. We believe that diversity, equity, inclusion, and allyship are not just business imperatives — they are central pillars of our employee experience. Our entrepreneurial culture and flat structure allow creative ideas and original concepts to drive our business forward — and for careers to take flight.

Through our financial advisory business, Lazard advises clients around the world on strategic and financial matters including mergers and acquisitions, restructurings, capital structure and capital raising. Our client relationships are built on trust and discretion. As the world’s largest advisory-focused firm, we have exceptional depth of expertise across industry sectors and geographies. We value the rich diversity that comes from blending local perspective with our global network.

Lazard is a global leader in raising capital, executing secondary transactions, and providing capital solutions for private investment funds. The team is comprised of over 85 professionals across two core markets: primary fundraising and secondary advisory. Private Capital Advisory (“PCA”) clients include a broad of range of leading private equity, private credit, real asset, and infrastructure investors who pursue investment opportunities within these alternative investment spaces. Lazard PCA is a recognized leader in these markets and one of the longest tenured firms operating in the space.

Members of our PCA team have been involved in over 500 private capital-raising assignments since 2003.  Our group has built one of the broadest institutional investor coverage networks in the industry and has cultivated relationships with over 1,500 investing institutions globally, in addition to advising on many of the largest and most innovative transactions in the secondary markets.

The Lazard PCA Group has three lines of business:

• Secondary Advisory:
  • Dedicated global team of secondary transaction experts advising on a combination of both GP-led transactions (single / multi-asset continuation fund, strip sale, tender offer, etc.) and LP-led secondary transactions (sale processes of existing fund positions on behalf of institutional investors)
  • Experienced advisor on the sale or spin-out of management companies, as well as the leading advisor in the financial sponsor liquidity solution market today
  • Lazard PCA has advised many of the leading financial sponsors in the world and created many of the structures that are now commonplace in the secondary market
• Private Equity and Credit Fund Placement:
  • Advises private equity and credit firms on raising capital across fund types and structures
  • Decades of experience and a global network of relationships with relevant sources of capital
  • Successful capital raising track record with special expertise in complex transactions across a variety of strategies and sectors
• Real Asset Fund Placement:
  • Advises real estate and real asset general partners and fund sponsors seeking to raise capital
  • Experienced in working with both equity- and debt-focused managers across a range of investment vehicles, including closed- and open-end funds, private REITs, and programmatic joint ventures
  • Advise on complex assignments involving real estate and real assets fund restructurings

Summer Analysts in Lazard's Private Capital Advisory Group will work in one of three separate lines of business within PCA: 1) Secondary Advisory, 2) Private Equity and Credit Fund Placement, or 3) Real Asset Fund Placement.

As part of the Secondary Advisory business line, Summer Analysts will work in tandem with Analysts and Associates during the preparation of a transaction (i.e., drafting marketing materials such as a Confidential Information Memorandum, building a(n) Portfolio / Asset Projection Model(s), preparing the Virtual Data Room, etc.) and during the marketing and due diligence phases of the transaction (i.e., tracking investor outreach, facilitating and answering due diligence questions from potential buyers, participating in update calls with the client, etc.). Summer Analysts will also be required to prepare a pitch presentation during the internship, leveraging projection models, asset-level materials, and GP information from a prior PCA deal.

Across the Private Equity and Credit Fund Placement and Real Asset business lines, Summer Analysts will work with Analysts and Associates during the preparation of a fundraise (i.e., refreshing / drafting fund documentation and marketing materials, preparing the Virtual Data Room, aggregating prospective investor targets, etc.) and during the live fundraise (i.e., tracking investor outreach, facilitating investors’ due diligence processes, participating in update calls with the client and prospective investors, etc.). Summer Analysts will also be required to prepare a presentation during the internship, assessing a potential fund investment opportunity.

Summer Analysts are expected to spend 9 weeks at the Firm.

You’ll need to have:

• Current enrollment at a U.S. university and obtaining a Bachelor’s degree with an expected graduation date in December 2026 or May/June 2027
• Top academic performance
• Motivation, creativity, maturity, and poise
• Strong quantitative background
• Strong analytical skills
• Excellent oral and written communication skills
• Strong attention to detail
• Ability to multi-task

What we offer

You will begin your internship by participating in a week-long comprehensive training program in New York. Throughout the program, you will receive formal mentorship, exposure to our Leadership Team, and participate in various social and networking events with bankers across the Firm.

We strive to enhance the total health and well-being of our employees through comprehensive, competitive benefits. Our goal is to offer a highly individualized employee experience that enables you to balance your commitments to career, family, and community. When you work for Lazard, you are working for an organization that cares about your unique talents and passions, and will continue to invest in the development of your career.

We expect the base salary for this role to be approximately $120,000 USD. Various factors contribute to determining the actual base compensation offered, including but not limited to the applicant’s years of relevant experience, career tenure, qualifications, level of education attained, certifications or other professional licenses held, relevant skills for the role, and if applicable, the location in which the applicant lives and/or from which they will be performing the job.

Does this sound like you?

Apply! We’ll get in touch on the next steps.

Inclusion at Lazard

Lazard is an intellectual capital business focused on delivering the best advice and solutions to clients. Achieving these objectives requires us to identify, develop and retain the best talent. A workforce comprised of people with varied backgrounds and experiences creates a rich diversity of thought that empowers us to challenge conventional wisdom, as diverse perspectives lead to better decisions.

Our appreciation of diversity’s strength is ingrained in our multi-cultural heritage. As a global firm that has grown organically from local roots in different countries, we have a deep tradition of respect for individual differences, which has been core to our success for 175 years.

The ongoing cultivation of an inclusive culture are essential to our continued growth. We are committed to sustaining an environment in which all employees – regardless of socioeconomic status, race, ethnicity, nationality, religion, gender, gender expression, sexual orientation, physical abilities, veteran or military status – can maximize their individual potential, as well as our collective success.