2027 Emerging Markets Equity Research Summer Internship

Lazard is one of the world’s preeminent financial advisory and asset management firms. Our people and culture make the difference. While global in presence and reach, we maintain a close, collaborative community of just over 3,000 professionals. Lazard is a place of continuous knowledge sharing, skill development, and relationship building, where professionals grow and succeed together. Our entrepreneurial culture, flat structure, and embrace of individual differences allow creative ideas, original concepts, and unique perspectives to drive our business forward and for careers to take flight.

Our undergraduate internship provides first-hand experience in investment management, offering exposure to equity research. We are seeking students who can blend traditional bottoms-up fundamental research with quantitative methods, with a particular focus on Emerging Markets. Our culture cultivates and rewards intellectual rigor, entrepreneurial spirit, and conviction. We look for undergraduates who demonstrate a passion for investing and financial markets.

This hands-on, 10-week internship is designed for students interested in pursuing a career in equity research. You will work directly with investment professionals on real investment problems where your contributions have a measurable impact from day one. You'll be paired with a dedicated mentor invested in your growth, while gaining direct access to industry veterans and thought leaders who bring decades of market experience to share. As part of a close-knit team embedded within a global organization, you'll enjoy the best of both worlds: the collegiality and hands-on exposure of a small group, backed by the resources and reach of a world-class firm. It is an environment built to sharpen the technical, analytical, and interpersonal skills that form the foundation of a lasting career in finance or equity research.

Eligibility Criteria

• This program is open to rising undergraduate seniors only. You must be graduating in 2028.
• Ability to start an internship June 7, 2027, and end August 13, 2027.
• Ability to be in NYC for the duration of the internship.
• Authorization to work in the United States without visa sponsorship.

What You Will Do

• Work closely with investment management professionals to understand the industry and support ongoing projects.
• Perform corporate analysis on current and prospective holdings.
• Participate in company meetings/calls and attend industry conferences.
• Prepare a final pitch presentation to deliver to Lazard’s senior management team.

What You Need

• Consistent academic achievement and previous work experience.
• Exceptional analytical and communication skills, and the ability to distill complex concepts clearly and efficiently.
• Prior experience in equity research, such as a university’s student-managed investment fund or internship.
• Financial modeling skills, including basic income statement, balance sheet, and cash flow modeling.
• Experience with quantitative and fundamental research methods.
• Curiosity and initiative to develop original ideas.
• Familiarity or experience with generative AI tools (e.g., ChatGPT, Copilot, Claude, or similar).

Note: We will review applications on a rolling basis.

If this sounds like you, apply and a member of our recruitment team will be in touch!

Compensation

Pro-rated base annual salary of $90,000

Lazard is an intellectual capital business committed to delivering the best advice and solutions to clients. To achieve these objectives, we focus on attracting, developing, and retaining the best talent. We believe that a workforce comprised of people who represent a wide array of backgrounds, experiences, and perspectives creates a rich variety of thought that empowers us to challenge conventional wisdom, solve problems creatively, and make better decisions.

Lazard was built on the premise that a multicultural firm can best serve a global clientele. As a global firm that has grown organically from local roots in different countries, we have a deep tradition of respecting and appreciating individual differences. Doing so has been core to our success for over 175 years. We are committed to sustaining an environment where every colleague is supported in their professional pursuits, can maximize their individual potential, and contribute to our collective success.