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

Last updated: July 2026

Lazard ranked #7 on Vault’s 2025 Most Prestigious Investment Banks list, and fewer than 1% of applicants earn a summer analyst seat. For the 2027–2028 cycle (you apply during early 2027, you intern in summer 2028), general applications are expected to open between March and April 2027, roughly 14 to 16 months before the June start.

But Lazard uses rolling admissions, and strong candidates can receive interview callbacks within one to two weeks of submission. That compressed window means timing matters, but so does what you’ve built before the portal opens.

Quick Facts

The numbers that matter: a rolling window expected to open March 2027, a 9-to-10-week program paying $120,000 annualized, a Vault #7 prestige ranking among all investment banks, and a less-than-1% acceptance rate. Lazard welcomes candidates from all degree disciplines.

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 that a rolling application to Lazard needs. Explore all Externships.

What Is a Lazard Internship?

A Lazard internship is a paid, 9-to-10-week Summer Analyst placement at one of the world’s most prestigious elite boutique advisory firms, where interns work on live M&A, restructuring, and sovereign advisory transactions from the start. The program runs out of Lazard’s global headquarters at 30 Rockefeller Plaza in New York, and it draws from an advisory-only culture that spans 41 cities across 26 countries. With record Financial Advisory revenue of $1.8 billion in FY2025, a workforce of 90+ nationalities, and notable recent mandates like Keurig Dr. Pepper’s $23 billion acquisition of JDE Peet’s, Lazard offers the deal quality of a top-tier bank alongside the lean team structure and senior exposure that define the elite boutique model.

And under CEO Peter Orszag’s “Lazard 2030” strategy, the firm is actively investing in junior banker quality of life while building an AI-enabled workforce.

When Do Lazard Internship Applications Open for 2027–2028?

Lazard runs on a rolling calendar that rewards early movers. Based on prior cycles, general applications for summer 2027 opened in March to April 2026, and competitive groups began extending Superday invitations by June 2026. So what does the 2028 timeline look like? For the summer 2028 cycle, listings are expected between March and April 2027, with interview rounds flowing from May through August 2027 and offers rolling after each Superday. The gap from application open to internship start is roughly 14 to 16 months, so the proof you bring to your resume needs to be built before March 2027.

And because Lazard reviews applications as they arrive, submitting in week one isn’t just strategic, it’s table stakes.

Why You Must Apply the Week Applications Open

Lazard fills on a rolling basis, and the data confirms it. Strong candidates receive interview callbacks within one to two weeks of submission, which means the earliest applicants face the smallest applicant pool. Because Lazard’s summer analyst class is small, roughly 60 to 70 in the US, every week of delay narrows the remaining seats.

And the HireVue arrives shortly after submission, so you can’t afford to prep after you apply.

Yet Lazard also screens for genuine intellectual curiosity and international perspective, which means the most competitive applications combine early timing with substantive evidence of financial skill. Waiting for a deadline that technically still exists is a losing strategy when the class is this small.

Which Lazard Internship Programs Should You Target?

Lazard’s Summer Analyst program spans two main divisions, Financial Advisory and Asset Management, with seven distinct advisory groups hiring in the US. Which one you target should match the skills you can already show, because each group interviews against its own technical focus and client base.

See all open roles on the official careers page. Note that Financial Advisory seats are concentrated in New York, with select groups also hiring in Boston, Chicago, Houston, Los Angeles, Minneapolis, and San Francisco. Asset Management internships are based in New York, Boston, and San Francisco.

What Are the Eligibility Requirements?

Lazard publishes consistent requirements across its Summer Analyst postings, though the firm explicitly encourages applicants from all backgrounds:

• Year: penultimate-year undergraduate (rising senior). Seniors and Master’s students may also apply. All degree disciplines welcome.

• GPA: 3.5+ minimum preferred; 3.7+ recommended for non-target schools. Most successful candidates meet or exceed 3.5.

• Education: currently enrolled at a US accredited university with expected graduation December 2028 or May/June 2029 (for Summer 2028).

• Availability: full 9-to-10-week commitment, June through August, at the assigned location.

Does Lazard Have a Hard GPA Cutoff?

No. Lazard states that “you do not need a qualification in a certain subject or have completed work experience in a financial area to apply.” In practice, however, the less-than-1% acceptance rate means most successful candidates carry a 3.5+ GPA and at least one finance-adjacent experience.

But here’s the key nuance: Lazard values “gravitas and judgment” over polished responses, and language skills plus international perspective can differentiate a non-traditional candidate. A 3.7+ GPA from a non-target school paired with a substantive finance project can compete with a 3.5 from a semi-target that lacks deal-relevant experience.

What Skills Does Lazard Look For, and How Do You Build Them?

Seventeen sources, from Lazard job postings to interview guides to intern reviews, tell a consistent story. Financial modeling appears in 15 of 17. Excel proficiency shows up in 13.

And valuation knowledge scores 12.

But the soft-skill signal is just as clear: communication hits 11 of 17, and analytical problem-solving reaches 10. What does that pattern reveal? Lazard hires candidates who can build a three-statement model and also articulate macro perspectives to a managing director.

So if you’re preparing for this cycle, don’t treat technical and behavioral prep as separate tracks, they’re tested together from the first interview round.

How Is Demand for Finance Interns Moving Right Now?

Build These Skills Before You Apply

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

How tight is the overlap? The Yinan Zhao deliverable is a full valuation model built in the exact vocabulary of Lazard’s advisory postings, and the Attronica project produces FP&A analysis that maps directly to the financial analysis and Excel proficiency Lazard screens for in 13 of 17 sources.

And both end on a client-ready presentation, which is the “communication” and “presentation skills” line item that 11 and 9 of 17 sources highlight respectively.

What Is the Lazard Application and Interview Process Like?

Lazard runs a four-stage funnel, and the rolling timeline means each stage can start within days of the previous one:

1. Apply through lazard.com/careers/students or the Lazard Careers portal with your resume and application materials. Lazard posts roles by division and group, so target your strongest-fit advisory group rather than scattering applications.

2. HireVue video interview follows within weeks of submission. Three to five behavioral and basic technical questions with 30 seconds of prep time and 1.5 to 3 minutes to respond. Sample questions: “Why did you apply for Lazard?” “Why financial advisory?” “Tell us about a recent news story that interests you.”

3. First-round phone or video interview lasts 30 to 45 minutes with one to two interviewers at the analyst or associate level. Expect a mix of behavioral and technical: DCF walkthrough, enterprise value vs. equity value bridge, basic LBO, and accounting questions. Roughly 30 to 40% advance to the final round.

4. Superday at 30 Rockefeller Plaza, NYC. Four to six back-to-back interviews (30–45 minutes each) with VPs, Directors, and Managing Directors. Expect resume deep-dives, technical depth (accretion-dilution, restructuring scenarios, three-statement impact), market awareness, and fit. Case studies and restructuring-specific questions are common for RX-focused groups.

Glassdoor data rates Lazard’s interview difficulty at 3.1 out of 5.0, with 74% of candidates reporting a positive experience. The typical gap between rounds is two to three weeks, so the full process from application to offer can compress into five to eight weeks if you’re on the early end of the rolling window.

What Students on Reddit Say

Three community threads show what the process and culture look like from the inside.

How Do You Stand Out When Rolling Review Starts in March?

Three moves, all executable before the window opens. First, apply in week one; rolling admissions plus a 60-to-70-person US class makes timing itself a filter, so set alerts on the Lazard careers portal and Handshake now. Second, build evidence in the JD’s exact language: financial modeling, valuation, and communication are the top three skill clusters, and a finished project in any of them answers behavioral questions with artifacts rather than anecdotes. Third, prepare for every stage before you submit, because the HireVue arrives within days and the phone screen follows within weeks. There’s no breathing room in a rolling funnel, so your prep needs to be front-loaded rather than reactive.

What Other Companies Should You Consider?

Lazard competes in the elite boutique tier. If you’re targeting advisory-focused internships, these are the closest comparisons in prestige, deal flow, and culture.

Our finance internships summer 2027 guide maps the full landscape of bulge bracket and boutique timelines in one place.

FAQ

What is the acceptance rate for a Lazard internship?

Less than 1%. Lazard’s own LinkedIn communications confirm the figure, and community data corroborates it. The US summer analyst class is roughly 60 to 70 interns drawn from thousands of applicants, making it one of the most selective internship programs in finance.

What GPA do I need for a Lazard internship?

Lazard lists 3.5+ as the preferred minimum. For non-target schools, community consensus recommends 3.7+ to clear the resume screen. That said, Lazard explicitly states that no specific qualification or prior finance experience is required to apply, so strong extracurriculars, leadership, and project-based evidence of financial skill can offset a marginally lower number.

When should I apply for the Summer 2028 Lazard internship?

Based on historical patterns, general applications are expected to open between March and April 2027. Because Lazard fills on a rolling basis and callbacks can come within one to two weeks of submission, apply within the first week of listings going live. Diversity and early-insight programs may open as early as January 2027.

Does Lazard hire interns from non-target schools?

Yes, though the path is harder. Lazard recruits heavily from Wharton, Harvard, Princeton, Stanford, NYU Stern, and roughly a dozen other core targets. Students from non-target schools can break in through exceptional GPAs (3.7+), strong networking at Lazard info sessions, relevant finance experience, and proven technical skill. Lazard’s official position encourages all degree disciplines to apply.

What is Lazard’s Superday like?

The Superday takes place at 30 Rockefeller Plaza in New York. You face four to six back-to-back interviews, each 30 to 45 minutes, with interviewers ranging from VPs to Managing Directors. Expect a mix of resume deep-dives, rigorous technicals (full DCF walkthrough, accretion-dilution, LBO intuition, restructuring scenarios), and fit questions testing your macro awareness and intellectual curiosity.

What is the return offer rate at Lazard?

Community estimates from Wall Street Oasis and interview guides suggest 85 to 92% of summer analysts who perform well receive full-time offers. This is on the higher end among elite boutiques, reflecting Lazard’s use of the summer program as a direct feeder to its two-year full-time analyst role.

How much does a Lazard summer analyst make?

The annualized base salary is approximately $120,000, which translates to roughly $21,000 to $24,000 pro-rated for the 9-to-10-week program. Add a housing or relocation stipend of $2,500 to $5,000 depending on location, and total summer compensation ranges from $25,000 to $35,000. Overtime at 1.5x applies for hours above 40 per week in applicable jurisdictions like New York.

What makes Lazard different from bulge bracket internships?

Three things stand out. First, Lazard is advisory-only: every dollar of revenue comes from advice, not underwriting or trading, which means interns are staffed exclusively on strategic transactions. Second, the lean team structure (60 to 70 US interns vs. hundreds at bulge brackets) gives you direct senior exposure and visibility from day one. Third, the global footprint across 41 cities and 26 countries creates a genuinely international, multicultural culture that values cross-border perspectives and language skills. The trade-off is demanding hours (75 to 90 per week) and a more selective, target-school-heavy recruiting process.

The window is rolling and the class is small. Spend the runway building proof: a remote Externship turns “interested in finance” into a finished project that a rolling application can point at.