Lincoln International

Lincoln runs two named early-career internships alongside full-time analyst and associate entry points, per its campus & early careers page:

• Analyst Internship: a multi-week program, typically for undergraduates between their third and fourth years
• Summer Associate Internship: a nine-week program, typically for MBA or graduate-level candidates before their final year
• Full-time Analyst and Associate roles across its M&A, Capital Advisory & Restructuring, Private Funds Advisory and Valuations & Opinions groups

Interns join a specific industry or service team rather than rotating, and openings are posted office by office (recent listings spanned Chicago, Milan, Brussels and Stockholm). Because each intake is tied to one city and one service line rather than a single firmwide cohort, an applicant is effectively choosing a location and a practice at the point of applying, and roles surface on a rolling, office-by-office basis rather than in one annual window – so the practical move is to track the careers listings for each target office rather than wait for a single deadline.

It trains entrants through an "apprenticeship model" it frames as a "path to partner" from day one, so interns and analysts work directly on live deals within a single team rather than rotating across divisions. Independent coverage consistently places Lincoln among the leading middle-market advisers, particularly as a sell-side adviser to private equity sponsors. For an applicant weighing a limited number of applications, this signals a different experience than a bulge-bracket rotational scheme – narrower deal sizes, early hands-on modelling, and depth in one practice – worth prioritising if mid-market or PE-focused advisory is the goal rather than broad exposure across a large bank.