Alvarez & Marsal Internship 2027–2028: Programs, Deadlines & How to Apply

Last updated: July 2026

Alvarez & Marsal accepts just 3–7% of applicants across its highest-demand practice areas, and unlike most consulting firms, it hires on a rolling basis: seats fill as strong candidates are identified, so a late application is a missed one. For the 2027–2028 cycle (you apply during 2027, you intern in summer 2028), postings are expected to appear around August–September 2027, with campus recruiting events running through November. A&M has grown to 10,000+ employees across 80+ offices on six continents and reported 20%+ revenue growth in a year when most consulting firms were flat or negative. That growth means more intern seats, but the rolling window means speed still matters more than volume.

Quick Facts

The two numbers that matter: a 3–7% acceptance rate across top practice areas, and rolling admissions that start filling seats as early as September. Apply within the first two to three weeks of postings going live.

Externships are short, remote professional experience programs where you finish a real project with a real company. The Yinan Zhao Investing & Financial Modeling Externship and the Attronica FP&A & Private Company Valuation Externship build exactly the financial modeling and valuation evidence A&M’s case interviews test for. Explore all Externships.

What Is an Alvarez & Marsal Internship?

An Alvarez & Marsal internship is a paid, 8–10-week summer placement that puts students into real client engagements across one of the firm’s specialized practice areas, from corporate turnarounds and private equity due diligence to transaction advisory and tax. A&M isn’t a generalist consultancy: it became a household name in finance by serving as bankruptcy administrator for Lehman Brothers during the 2008 financial crisis, earning roughly $500 million in fees over three years. The reviews back up the brand: Glassdoor rates A&M 4.0 out of 5 from 1,728 reviews with 78% recommending, and Vault named A&M a top-9 consulting firm for 2026, top 10 globally for the fourth consecutive year. With estimated annual revenue of ~$2.1 billion and 20%+ growth, the firm is hiring aggressively, and CRG campus recruiting reports that 63% of new campus recruits identify as female.

When Do Alvarez & Marsal Internship Applications Open for 2027–2028?

A&M’s calendar is rolling, not fixed: applications open around August, campus recruiting peaks September through November, and interviews run continuously until seats fill. The firm doesn't use strict hard deadlines like investment banks. Diversity programs have the earliest deadlines (late August to mid-September), and general postings typically close by mid-November. For summer 2028 you would apply in fall 2027, roughly 9–10 months before the June start. One pattern worth knowing: A&M already has live postings for Core Tax Summer 2027, which means the 2028 cycle should follow the same August–September launch window.

Why You Must Apply the Week Applications Open

A&M says it plainly: applications are reviewed on a rolling basis, and the firm evaluates candidates continuously throughout the recruiting season. Rolling means the class fills while the window is still open, and unlike banks with a single deadline, A&M’s early applicants get first access to interview slots and offers. Employee referrals increase interview invitation rates 3–4x, which means the best-networked candidates are already in the pipeline before general postings peak. By mid-November, most seats are spoken for. Don’t treat the general deadline as a starting line; treat August as one.

Which Alvarez & Marsal Internship Programs Should You Target?

A&M organizes internships by practice area rather than a single branded program. As of July 2026, 24 intern positions are listed across the careers page. Which track should you pick? The one whose skills you can already show, because each practice area interviews against its own technical bar.

See all open intern roles on the careers page. CRG runs its own dedicated internship page with a 1-week onboarding bootcamp before the client project begins. And note: not all offices hire interns every cycle; most postings concentrate in New York, Chicago, Dallas, and Miami.

What Are the Eligibility Requirements?

A&M’s eligibility requirements vary by practice area, but the common thread across postings is:

• Year: penultimate-year undergrad or current MBA student. The Core Tax Summer 2027 posting specifies earliest graduation December 2027, latest June 2028.

• GPA: minimum 3.0 (general); competitive practice areas like Restructuring and PEPI effectively screen at 3.3+ for undergrads and 3.5+ for MBAs. No hard universal cutoff is published by A&M.

• Major: accounting, finance, business, operations, or engineering strongly preferred across most practice areas.

• Work authorization: F-1 CPT/OPT sponsorship is available for interns. H-1B sponsorship is evaluated case-by-case for full-time roles and isn't guaranteed. CRG confirms they "currently hire individuals who will require sponsorship."

Does Alvarez & Marsal Have a GPA Cutoff?

The general minimum is 3.0, but that number is misleading for the firm’s most competitive tracks. Restructuring (NACR) and PEPI effectively filter at 3.3+ for undergrads and 3.5+ for MBAs, based on aggregate reporting from interview candidates. A&M doesn't publish a hard universal cutoff. What offsets a borderline GPA? Three things. Employee referrals increase interview invitation rates 3–4x. Relevant experience in financial modeling or distressed-company analysis matters more than decimal points. And A&M recruits broadly beyond its target schools (Columbia, Wharton, UVA Darden for MBA; Michigan Ross, UT Austin McCombs, NYU Stern, USC Marshall for undergrad): "all campus applicants are welcome" and non-target candidates can apply through the website.

What Skills Does Alvarez & Marsal Look For, and How Do You Build Them?

A&M’s internship postings and interview prep sources are strikingly consistent about what the firm screens for. Financial modeling shows up across Restructuring, PEPI, and TAG. Structured problem solving appears in every practice area. But the technical bar stays track-specific: Restructuring wants 13-week cash flow projections and EBITDA-to-cash reconciliation, while CRG asks for market analysis and business judgment. The unifying thread is what A&M calls an "operator mindset": initiative, resilience under pressure, and ownership of outcomes.

How Is Demand for Consulting Interns Moving Right Now?

Build These Skills Before You Apply

And every skill in the chart maps to a remote Externship where you finish a real company project before the window opens.

How close is the overlap? The Attronica deliverable is FP&A work in A&M’s own vocabulary, and the deal sourcing Externships end with a presented investment thesis, which is the structured communication and analytical reasoning A&M’s case interviews test. Every externship above ends with a client-ready deliverable that answers "tell me about a time you analyzed data" with an artifact instead of an anecdote.

What Is the Alvarez & Marsal Application and Interview Process Like?

A&M’s interview funnel averages about 38 days from application to offer, based on Glassdoor data from 375 interviews:

1. Apply at careers.alvarezandmarsal.com with a resume and optional cover letter, choosing your practice area and preferred office location. Employee referrals increase interview invitation rates 3–4x.

2. Recruiter phone screen (~30 min): resume walkthrough, interest in A&M, basic fit assessment. Expect "Why A&M?" and "Why this practice area?"

3. First-round interviews (2–3 interviews, each 45–60 min): a mix of behavioral/fit questions in STAR format plus one candidate-led case interview per session. Interviewers are typically consultants or managers. Cases are candidate-led: you drive the structure, analysis, and recommendation.

4. Final round / Super Day (2–6 interviews, each 45–60 min): senior managers, directors, or partners with higher expectations on case performance and executive presence. Restructuring and PEPI roles often add a financial modeling test (e.g., a 13-week cash flow model completed remotely before the Super Day).

A&M doesn't use standardized HireVue or HackerRank assessments. Some roles include a take-home financial modeling exercise before live interviews, and Tax interviews may feature a structured 1-hour 2:1 format (30 min behavioral + 30 min case). Case types vary by practice: PEPI runs value creation and EBITDA improvement; TAG runs quality of earnings and deal diligence; CRG runs market entry and growth strategy; Restructuring runs turnarounds and liquidity management. Glassdoor rates interview difficulty 3.02 out of 5, with 66% of candidates describing the experience as positive.

What Students on Reddit Say

Three threads show the process and culture from the inside.

How Do You Stand Out When Rolling Admissions Fill Seats by November?

Three moves, all executable before August. First, apply in the first two to three weeks of postings going live; rolling review means timing itself is a filter, and by mid-November most seats are spoken for. Second, get a referral: employee referrals increase interview invitation rates 3–4x at A&M, making networking the single highest-use activity. Third, show up with proof in the JD’s exact language. A&M’s case interviews are candidate-led, which means you need to show that you can structure an analysis from scratch. A finished financial modeling or deal-sourcing project answers that question with an artifact, not an anecdote. And remember that A&M starts Restructuring interns on live client engagements from day one. Interview like someone who can be staffed on a distressed company tomorrow, because that’s the bar.

What Other Companies Should You Consider?

A&M’s peer set splits by what you want: restructuring specialists with a turnaround brand, or consulting firms with overlapping practice areas.

Our finance internships summer 2027 guide maps the full landscape, timeline by timeline.

FAQ

When do Alvarez & Marsal internship applications open for summer 2028?

Based on A&M’s rolling recruitment model, expect internship postings to appear around August–September 2027, with campus recruiting events kicking off in early fall. There are no rigid open/close dates like investment banks use. Check careers.alvarezandmarsal.com starting in late summer 2027 and apply within the first few weeks of postings going live.

Is Alvarez & Marsal internship recruiting rolling?

Yes. A&M evaluates candidates continuously on a rolling basis throughout the recruiting season rather than waiting for a fixed deadline. Applying early, ideally within the first two to three weeks of a posting going live, gives you a meaningful advantage in interview slot availability and offer timing. Employee referrals boost your chances further.

What GPA do you need for an Alvarez & Marsal internship?

The general minimum is a 3.0 GPA. However, competitive practice areas like Restructuring and PEPI effectively screen at 3.3+ for undergrads and 3.5+ for MBAs. A&M doesn't publish a hard universal cutoff. Strong referrals, relevant experience, and technical skills like financial modeling can help offset a borderline GPA.

What is the Alvarez & Marsal interview process like?

The process typically takes about 38 days and involves two to three rounds: a recruiter phone screen, first-round interviews with case studies and behavioral questions, and a final round or Super Day with directors and partners. Cases are candidate-led, meaning you drive the structure and analysis. Restructuring and PEPI roles often add a financial modeling test.

Do Alvarez & Marsal interns get return offers?

A&M recruiters at university events cite a 90%+ return-offer rate, while independent sources put it at 70–80% for high performers, especially in Restructuring and Tax. A&M doesn't publish an official conversion rate. CRG reports a 95% acceptance rate among candidates who receive offers, meaning nearly everyone offered says yes.

What skills does Alvarez & Marsal look for in interns?

For Restructuring and PEPI: three-statement financial modeling, 13-week cash flow projections, working capital analysis, and Excel mastery. For TAG: accounting fundamentals and quality of earnings. For CRG: structured problem solving, market analysis, and clear communication. Across all practices, A&M values an "operator mindset," meaning initiative, resilience under pressure, and ownership of outcomes.

Are Alvarez & Marsal internships paid?

Yes, well above average. Indeed data puts the average intern hourly pay at roughly $40 per hour, which is 102% above the national average. Undergrads earn $1,400–$1,800 per week and MBAs earn $3,100–$3,500 per week. Non-local participants may receive a $2,000–$5,000 housing stipend depending on office location.

Does Alvarez & Marsal sponsor visas for interns?

F-1 CPT and OPT sponsorship is available for interns. CRG confirms they currently hire individuals who will require sponsorship. H-1B sponsorship for full-time roles is evaluated case-by-case and isn't guaranteed, so international students should clarify sponsorship expectations during the recruiter screen.

The window is rolling and the class fills as strong candidates are identified. Spend the runway building proof: a remote Externship turns "interested in consulting" into a finished financial modeling or strategy project a September application can point at.