Business Unit Asset Management
Program Type Summer Internship
Lazard Asset Management London: Research Analyst Summer Internship 2024
We are offering a unique opportunity to spend the summer learning what it is really like to be an Equity Research Analyst.
You should have a thirst for learning and a willingness to challenge consensual thinking. You should have a logical and analytical thought process and an inquisitive mind. You should be able to think laterally, across countries and activities, be a strong communicator and enjoy working as part of a team.
We are extremely proud of our track record in developing our interns to be successful members of our team, and hope to offer this year’s candidates the opportunity to join us after their studies.
The programme will take place between June and August, and is based at our London offices in the heart of Mayfair.
Who we are
Founded in 1848, Lazard operates in 41 cities across 26 countries with two core businesses: asset management and financial advisory. The Lazard Asset Management Group (“LAM Group”) has circa £177.5 billion assets under management across a wide range of global, regional and country-specific strategies – both traditional and alternative – in listed equity and fixed income.
We balance the feel of a small firm with the scale of a large global organization. The individual matters – if you come up with a great idea, we can apply it to multiple investment portfolios to generate investment success for our clients.
We cultivate a workplace culture where exceptional talent thrives. We promote diversity and inclusion, foster professional and personal development, and encourage our people to engage with the communities in which we live and work. We believe that a workforce comprised of people with varied backgrounds and experiences creates a diversity of thought that empowers us to challenge conventional wisdom. We believe that diverse perspectives lead to better decisions.
Our culture is unique
Our culture is entrepreneurial and collegiate. Analysts are given the intellectual freedom to research stocks in the way that is most suited for that stock / sector and everything is done to focus the analyst’s time on investing. Fundamental equity research is at the heart of what we do.
Analysts have global sector responsibilities and are tasked with finding the best investment opportunities globally for our clients. Our analysts are career analysts, and this is a dedicated and highly valued career path within the organisation.
Our people are open, honest and straightforward. Former interns have commented how genuinely friendly and approachable we are, and how we go out of our way to help them learn.
What to expect
You will be given meaningful work from the very first day you arrive. After your induction, you will be individually mentored by one of our experienced analysts for the duration of the programme.
The internship will give you a broad and in depth understanding of the skills required to be successful at our firm – from fundamental research, financial modelling, to portfolio construction and valuation. You will also be introduced to other activities within our business.
You will be given a company to analyse, and asked to present a buy/sell recommendation to a panel of investors at the end of your internship.
You will have opportunities to attend business, training and social events to allow you to understand our company and the asset management industry, alongside building your own network.
Our firm is made up of highly motivated, intellectually curious people. We are looking for students with a strong academic record, an interest in investing and/or curiosity about how the world is changing and what makes companies successful (or not). Well-rounded candidates from a diverse range of backgrounds, who can demonstrate interests and endeavors outside of their studies, are especially welcome.
Our team possess a wide range of degree disciplines, and it is this variety of thought, approach and perspective which brings such vitality to our debates – our analysts studied topics as diverse as Geography, History, Maths and Physics. You do not need to be studying Economics or Finance to apply, indeed we are interested in people who can code and have the skills to interrogate unstructured data sets.
The programme is open to undergraduate and postgraduate students in their penultimate year of study. Please note that you must have ABB in your top three A-levels (excluding general studies), and a minimum predicted or obtained 2.1 university degree classification (or equivalent if you studied outside the UK).
Lazard, one of the world’s preeminent financial advisory and asset management firms, operates from more than 40 cities across 25 countries in North America, Europe, Asia, Australia, Central and South America. With origins dating to 1848, the firm provides advice on mergers and acquisitions, strategic matters, restructuring and capital structure, capital raising and corporate finance, as well as asset management services to corporations, partnerships, institutions, governments and individuals. For more information on Lazard, please visit www.lazard.com. Follow us at @Lazard.