Lazard Internship: A Deep Dive

A Lazard internship is a highly coveted opportunity for students seeking a career in investment banking and financial advisory. Known for its prestigious reputation and lean deal teams, Lazard offers interns significant exposure to real-world transactions and a challenging, rewarding experience.

What to Expect

Interns are typically integrated directly into deal teams, working alongside experienced bankers on live transactions. The responsibilities are broad and demanding, often encompassing:

• Financial Modeling: Building and maintaining complex financial models to analyze companies and evaluate potential deals.
• Market Research: Conducting in-depth research on industries, companies, and market trends to support deal origination and execution.
• Due Diligence: Assisting with the due diligence process, including reviewing financial statements, legal documents, and other relevant information.
• Pitch Book Preparation: Creating compelling presentations to pitch advisory services to potential clients.
• Client Interaction: Participating in client calls and meetings, gaining valuable exposure to the client relationship aspect of the business (though often limited).

Culture and Environment

Lazard's culture is known for being demanding but supportive. Expect long hours and a steep learning curve, but also the opportunity to learn from some of the brightest minds in the industry. The firm emphasizes intellectual rigor, strong work ethic, and a collaborative environment. While competitive, there's often a strong sense of camaraderie amongst the intern class.

Skills and Qualifications

Successful Lazard interns typically possess the following attributes:

• Strong Academic Record: Demonstrated excellence in finance, economics, accounting, or a related field.
• Financial Acumen: A solid understanding of financial statements, valuation techniques, and capital markets.
• Analytical Skills: Exceptional analytical and problem-solving abilities.
• Communication Skills: Excellent written and verbal communication skills.
• Work Ethic: A strong work ethic and the ability to thrive in a fast-paced, demanding environment.
• Technical Proficiency: Proficiency in Microsoft Excel, PowerPoint, and other relevant software.

The Benefits

A Lazard internship offers numerous benefits, including:

• Real-World Experience: Hands-on experience working on live deals.
• Mentorship: Opportunities to learn from experienced bankers.
• Networking: Building a valuable network of contacts within the industry.
• Career Advancement: A strong foundation for a career in investment banking and financial advisory. A return offer is a significant possibility for top performers.
• Compensation: Competitive salary and benefits.

Preparing for the Internship

Before starting your internship, focus on solidifying your financial modeling skills, brushing up on industry knowledge, and practicing your communication skills. Be prepared to ask questions, take initiative, and work hard. The experience will be challenging, but ultimately rewarding and potentially transformative for your career.