2027 Summer Associate - Chicago Restructuring & Liability Management

About the role

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, ours is 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. Through our financial advisory business, Lazard advises clients around the world on strategic and financial matters including mergers and acquisitions, restructurings, capital structure and capital raising. Our client relationships are built on trust and discretion. As the world’s largest advisory-focused firm, we have exceptional depth of expertise across industry sectors and geographies. We value the rich diversity that comes from blending local perspective with our global network. Lazard has advised on more than 500 restructurings over the past decade with total restructured liabilities over $2 trillion, including many of the largest and most complex. Unlike most other firms, our professionals combine their restructuring knowledge with expertise in liability management, M&A, credit analysis, capital raising, industry insights and negotiation in distressed situations.

Responsibilities

• Financial analysis and modeling
• Creation and preparation of client presentations and marketing materials
• Interaction with clients

Requirements

• 2–3 years of prior work experience
• Currently matriculated in an MBA or JD program and within two years of graduation
• Top academic performance
• Motivation, creativity, maturity, and poise
• Strong quantitative background
• Strong analytical skills
• Excellent oral and written communication skills
• Strong attention to detail
• Ability to multi-task

Location

This opportunity is located in Chicago; an interest in working in Chicago is necessary. The internship begins with a week-long comprehensive training program in New York.

Benefits

• Week-long comprehensive training program in New York
• Formal mentorship throughout the program
• Exposure to the Leadership Team
• Social and networking events with bankers across the firm
• Comprehensive, competitive benefits supporting total health and well-being
• Highly individualized employee experience enabling balance across career, family, and community
• Ongoing investment in career development

Pay

We expect the base salary for this role to be approximately $185,000 USD. Various factors contribute to determining the actual base compensation offered, including but not limited to the applicant’s years of relevant experience, career tenure, qualifications, level of education attained, certifications or other professional licenses held, relevant skills for the role, and, if applicable, the location in which the applicant lives and/or from which they will be performing the job.