2023 Buy-Side Equity Research 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.
Many of the world’s leading investors — from individuals to institutions across the globe — have entrusted Lazard Asset Management. We pride ourselves in uncovering the best investment opportunities for our clients. The purpose of our asset management business is to help our clients invest for the future — whether it’s for retirement, to grow and preserve inter-generational wealth, or to benefit the organizations that make our world smarter, healthier and more sustainable.
Our internship provides first-hand experience in investment management, with a blend of practical and theoretical knowledge. Our culture cultivates and rewards intellectual rigor, entrepreneurial spirit and conviction. We look for undergraduates who demonstrate a passion for investing.
Please note our program is for rising juniors, class of 2024 only.
We’ll trust you to:
- Partner with Senior Research Analysts and Portfolio Managers to conduct fundamental analysis on an industry or emerging trend and identify companies that may be suitable investment opportunities
- Prepare SWOT analysis and financial models to support investment ideas
- Leverage an array of valuation techniques to assess the viability of a company as an investment
- Present findings and recommendations to other Portfolio Managers and Research Analysts having potential to make a lasting impact
- Actively participate in company meetings/calls and attend industry conferences
- Prepare a final capstone investment pitch to Lazard’s senior management team
You’ll need to have:
- Strong academic performance
- Demonstrated interest in capital markets & investing
- Ability and desire to work in a collaborative environment
- Global perspective
- Exceptional analytical and communication skills
- The independence and initiative to develop original ideas
We will review applications on a rolling basis.
Diversity and 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 several decades.
The ongoing cultivation of diversity and an inclusive, equitable culture are essential to our continued growth. We are committed to sustaining an environment in which all employees – regardless of socioeconomic status, race, color, nationality, religion, gender, sexual orientation, physical abilities, veteran or military status – can bring their whole selves to work to maximize their individual potential and our collective success.
Compensation: Pro-rated base annual salary of $90,000