Houlihan Lokey Internships - 111 jobs

Business Unit: Financial And Valuation Advisory Industry: Corporate Valuation Advisory Services Houlihan Lokey, Inc. (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital solutions, financial restructuring, and financial and valuation advisory. Houlihan Lokey serves corporations, institutions, and governments worldwide with offices in the Americas, Europe, the Middle East, and the Asia-Pacific region. Independent advice and intellectual rigor are hallmarks of the firm's commitment to client success across its advisory services. The firm is the No. 1 investment bank for all global M&A transactions for the past two years, the No. 1 M&A advisor for the past 10 years in the U.S., the No. 1 global restructuring advisor for the past 11 years, and the No. 1 global M&A fairness opinion advisor over the past 25 years, all based on number of transactions and according to data provided by LSEG. Financial and Valuation Advisory Over the past 50 years, Houlihan Lokey has established one of the largest worldwide financial and valuation advisory practices. Our transaction expertise and leadership in the field of valuation inspire confidence in the financial executives, boards of directors, special committees, retained counsel, investors, and business owners we serve. In 2024, LSEG ranked us the No. 1 Global M&A fairness opinion advisor over the past 20 years. Our stability, integrity, technical leadership, and global capabilities make us a trusted advisor for clients worldwide, across a wide range of services, including the Transaction Opinions, Transaction Advisory Services, Corporate Valuation Advisory Services, Portfolio Valuation and Fund Advisory Services, Real Estate Valuation and Advisory Services, and Dispute Resolution Consulting practices. Job Purpose: As a Summer Financial Analyst in the Corporate Valuation Advisory Services (CVAS) practice's Complex Securities team, you will join a small, specialized, and fast growing team serving corporate clients from a large variety of industries. You will collaborate with both junior and senior team members on client engagements to perform complex valuations of financial instruments (i.e. debt and derivatives) and create statistical analyses / models. Key Responsibilities/Deliverables: * Develop quantitative models to value unique financial instruments * Improve existing internal modelling processes * Perform statistical and data analyses * Present analyses and conclusions both internally and externally Basic Qualifications: * Must be graduating between September 2026 - July 2027 * Bachelor's or Master's degree in a quantitative discipline (e.g. finance, statistics, mathematics, economics, engineering) * Strong knowledge of financial instruments, derivatives valuation theory, and statistical methods * Keen analytical capabilities with high attention to detail * Proficient verbal and written communication skills * Experience valuing financial instruments with non-linear payoffs including convertible bonds, warrants, derivatives, earn-outs, and complex capital structures using closed form solutions, binomial lattices, and Monte Carlo simulations in either Python, R, or Matlab * Experience working with large data sets, performing statistical analyses in Python, and presenting results with data visualization software such as Tableau * Demonstrated history of building and improving models and processes that automate routine calculations using Python and VBA * Passion for financial markets and data analysis Houlihan Lokey (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and valuation. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, the Middle East, and the Asia-Pacific region. Independent advice and intellectual rigor are hallmarks of the firm's commitment to client success across its advisory services. Houlihan Lokey is the No. 1 M&A advisor for the past six consecutive years in the U.S., the No. 1 global restructuring advisor for the past seven consecutive years, and the No. 1 global M&A fairness opinion advisor over the past 20 years, all based on number of transactions and according to data provided by Refinitiv. Compensation and Benefits Houlihan Lokey is committed to providing its employees with an exciting career opportunity and competitive total compensation package, which may include other components such as discretionary incentive compensation. The firm's good faith and reasonable estimate of the possible salary range for this role at the time of posting is: $80,000 - $120,000 Actual salary at the time of hire may vary and may be above or below the range based on various factors, including, but not limited to, the candidate's relevant qualifications, skills, and experience, as well as the service line and location where this position may be filled. Houlihan Lokey provides a competitive benefits package. Our current benefits offerings can be found here: 2025 Benefits We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, gender identity, sexual orientation, protected veteran status, or any other characteristic protected by law. #LI-115268

Business Unit: Financial And Valuation Advisory Industry: Transaction Advisory Services Houlihan Lokey, Inc. (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital solutions, financial restructuring, and financial and valuation advisory. Houlihan Lokey serves corporations, institutions, and governments worldwide with offices in the Americas, Europe, the Middle East, and the Asia-Pacific region. Independent advice and intellectual rigor are hallmarks of the firm's commitment to client success across its advisory services. The firm is the No. 1 investment bank for all global M&A transactions for the past two years, the No. 1 M&A advisor for the past 10 years in the U.S., the No. 1 global restructuring advisor for the past 11 years, and the No. 1 global M&A fairness opinion advisor over the past 25 years, all based on number of transactions and according to data provided by LSEG. Financial and Valuation Advisory Over the past 50 years, Houlihan Lokey has established one of the largest worldwide financial and valuation advisory practices. Our transaction expertise and leadership in the field of valuation inspire confidence in the financial executives, boards of directors, special committees, retained counsel, investors, and business owners we serve. In 2024, LSEG ranked us the No. 1 Global M&A fairness opinion advisor over the past 20 years. Our stability, integrity, technical leadership, and global capabilities make us a trusted advisor for clients worldwide, across a wide range of services, including the Transaction Opinions, Transaction Advisory Services, Corporate Valuation Advisory Services, Portfolio Valuation and Fund Advisory Services, Real Estate Valuation and Advisory Services, and Dispute Resolution Consulting practices. Applicants must be authorized to work for ANY employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time. Basic Qualifications * Accounting majors - Master or Bachelor of Accountancy (or dual accounting and finance majors) with a final graduation date between December 2027 and June 2028 * Coursework in accounting and finance, MUST BE eligible for CPA licensure upon graduation Preferred Qualifications * Strong analytical abilities and financial and computer skills (Excel / PowerPoint in particular) * Excellent verbal and written communication skills * A demonstrated ability to work cooperatively and be a team player * Basic knowledge of US Generally Accepted Accounting Principles Overview Houlihan Lokey's Transaction Advisory Services group is made up of former Big Four CPAs and accounting professionals working across all our industry verticals. Drawing on Houlihan Lokey's market leadership in middle-market M&A transactions, our Accounting and Financial Reporting Advisory team provides candid, unbiased, and rigorous support on the accounting and financial matters most impacting deal value. Our Accounting and Financial Reporting Advisory team works closely with clients through their strategic deal-making financial reporting requirements. Our specialists have a deep knowledge of deals, sectors, and technical accounting matters. This enables them to understand the challenges clients face, including: * Capital raises, including IPOs, debt offerings, and private placements * Domestic and cross-border buy-side and sell-side M&A transactions; and * Financial restructurings and bankruptcies. Responsibilities - Accounting and Financial Reporting * Participate in buy-side, sell-side, restructuring, and capital raising transaction advisory engagements * Draft and review analyses and findings for delivering unbiased advice to management for their records or inclusion in transaction advisory reports specific to key technical issues * Research technical guidance and market practices around accounting and financial reporting issues * Review transaction agreements, customer, and supplier contracts * Support discussions with senior client executives and management * Support diligence projects through fieldwork, management meetings, and desktop reviews * Communicate potential external audit risks and considerations when applying technical accounting guidance and structuring * Develop professional network and relationships with firm, client and target professionals * Collaborate closely with corporate finance, valuation, and financial restructuring colleagues Compensation and Benefits Houlihan Lokey is committed to providing its employees with an exciting career opportunity and competitive total compensation package. The firm's good faith and reasonable estimate of the possible salary range for this role at the time of posting is: $70,000.00-$115,000.00 Actual salary at the time of hire may vary and may be above or below the range based on various factors, including, but not limited to, the candidate's relevant qualifications, skills, and experience, as well as the service line and location where this position may be filled. Houlihan Lokey provides a competitive benefits package. Our current benefits offerings can be found here: 2025 Benefits We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, gender identity, sexual orientation, protected veteran status, or any other characteristic protected by law. #LI-115269

The Institutional Securities Group Risk Management (ISG Risk) Summer Analyst Program is a 10-week program consisting of one week of classroom training followed by nine weeks of rotations across ISG Risk. ISG Risk is a first line risk management function which includes divisional Counterparty Risk, ISG Central Risk (CRT), Electronic Risk Management (ETRM) and divisional Business Control Units (BCU). Counterparty risk is responsible for monitoring and managing counterparty risk generated by the ISG businesses at the division and ISG level. ISG Central Risk Team is responsible for creating and implementing the Non-Financial Risk framework centrally across ISG businesses, including, regulatory, supervision, data, cyber, model and trader mandate, ESG and financial crimes risk. Business Control Unit teams work with the Central Risk team and support each business in risk initiatives. Summer Analysts will rotate through a combination of our ISG Counterparty Risk, Central Risk and Business Control Unit teams. The Program features a senior management speaker series, networking events, community service, a performance review and a mentorship program. Summer Analysts receive continued on-the-job training and benefit from working alongside experienced professionals on meaningful projects. In addition to daily responsibilities on the desk, Summer Analysts will be assigned a summer-long project based on their rotations, which is presented to management at the end of the summer. Summer Analysts begin with a one-week orientation where they are introduced to the Firm's businesses and learn what it is like to be an employee at Morgan Stanley. ISG Risk Summer Analysts then attend Sales and Trading division-specific training, accompanied by an additional ISG Risk-focused training day, teaching them core skills essential for a successful summer. The curriculum includes daily market updates, business-specific overviews and basic product and technical training. Qualifications/Skills/Requirements You are pursuing an undergraduate Bachelor's or Master's degree with a graduation date of December 2027 or Spring 2028. Minimum 3.0 GPA. You have basic knowledge and a keen interest in finance. You are analytical, adaptive, collaborative, a leader, and a multi-tasker. You possess strong oral and written communication skills. Expected base pay rate for the role will be $52.89 per hour at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs. Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees. It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law. Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet). Job Level Summer Analyst Program Summer Analyst

High-Profile Deals, Major Growth, the Right People Behind You. Grow Far at Baird. Baird offers a different kind of start to a career in investment banking, built on high-performing teams and a culture that supports your growth. Here, you'll build skills through real transactions, close collaboration with peers and mentors and a culture focused on shared success. Driving Results Through Creative Debt Strategies Join Baird's Debt Advisory team - part of our Capital Solutions Group - and gain hands-on experience providing analytical support across the spectrum of financing and capital structure advisory services. Our capabilities include raising asset-based, first and second lien, unitranche, mezzanine, high-yield and other structured debt instruments on behalf of corporate clients. With deep expertise, creativity and an unwavering commitment to client success, we excel in navigating the unique capital needs of our clients. Learn more. Summer 2027 Analyst Internship Program Our competitive intern program is a robust 10-week experience that offers real transaction exposure and a meaningful work experience. Interns are valuable team members who learn from experienced professionals in a collaborative and dynamic environment. Located in either our New York or Chicago office, interns must be flexible to work full-time during the summer. Significant hours are required. What You'll Do Support the Debt Advisory team by providing analytical support across a range of transactions, including acquisition financings, dividend recaps, refinancings and balance sheet restructurings Work with your team to perform credit analysis, build financial models and create marketing materials Contribute to business development efforts through research, analysis and preparation for client meetings and pitches Work side-by-side with both junior and senior investment bankers, gaining hands-on experience across every stage of a deal What You'll Gain Contribute to every stage of a transaction, from conducting research to facilitating due diligence Gain insight into how teams collaborate across geographies, sectors and specialties to support client objectives Take on meaningful responsibility and contribute to conversations with investor and corporate management clients around the world Grow in a culture built on respect and shared values, where ambition and collaboration go hand-in-hand and hard work is recognized through opportunity What It Takes Current enrollment in a bachelor's degree program required with a graduation date of winter 2027 or spring 2028 A candidate energized by learning, teamwork and real responsibility Proven academic record and a passion for finance (a finance degree is helpful, but not required) Drive, resilience and a strong work ethic Ability to work independently and thrive in a collaborative setting Strong mathematical, writing and verbal skills; relevant software proficiency Compensation and Benefits: Base Salary: $110,000 (pro-rated for summer program) Interested? Complete the Suited Assessment and Apply Today As part of our application process and to be considered for our Summer 2027 Analyst Internship Program, you must complete the Suited assessment. Sign up and complete here. Your Baird application is not complete until you submit the assessment. For questions and additional information, contact: Baird Global Investment Banking Recruiting ************************ Visit our U.S. Internship Program page for FAQs. Learn more about our platform at ************************************* Baird is not currently hiring individuals for this position who now or in the future require sponsorship for employment visa status. Learn more about our internship programs and review frequently asked questions . Baird is committed to diversity and provides employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex, pregnancy, citizenship, national origin, age, disability, military service, veteran status, sexual orientation, gender identity or expression, genetic information, or any other status protected by law.

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. Strategic Capital Solutions The individual groups that make up a global Strategic Capital Solutions effort advise companies, financial sponsors, and asset managers on complex capital-raising, debt, and structured equity needs, acting as a key bridge between traditional public company work and the private capital markets by leveraging Lazard's deep industry expertise and global network both to advise on and execute tailored financing solutions. Lazard's objective is to create market-agnostic solutions for our clients: one "team" across over a half dozen different groups advising all of Lazard's clients on the best market and optimal product for their situation and, when appropriate, executing on the company's behalf. Corporate Finance Advisory The Corporate Finance Advisory team supports and advises Lazard's corporate and sponsor clients in capital structure optimization and capital raising efforts in across a broad range of topics, including M&A, corporate separations and optimizations, refinancing, and other advisory projects and assignments that intersect with the capital markets. The Corporate Finance Advisory team advises across the full spectrum of corporate capital structures maintaining exposure to both public and private capital markets, while collaborating with all sector banking teams and clients across sectors to connect the capital markets to Lazard's clients. Capital Solutions The Capital Solutions team supports Lazard's corporate and sponsor clients in executing capital raising efforts including private market debt syndication and public market debt financing execution in the context of M&A, refinancings, liability management, and new capital raises. Capital Solutions works with both public and private companies to evaluate capital alternatives, run targeted or broad private financing processes, and execute transactions that align with strategic, balance‑sheet, and / or liquidity objectives. As a Summer Analyst on the Strategic Capital Solutions team, you will have the opportunity to work across both Corporate Finance Advisory and Capital Solutions throughout your internship. As a full‑time Analyst, you will be aligned with either Corporate Finance Advisory or Capital Solutions as your primary focus, while still benefitting from cross‑staffing opportunities across both areas. Beyond specific Corporate Finance Advisory and Capital Solutions assignments, summer analysts will have the opportunity to work closely with groups across the firm, gaining exposure to a wide range of industries and transaction types, including: high profile and cross-border M&A and divestiture transactions, activism and takeover defense, special committee assignments, restructuring assignments, financing and refinancing transactions and advice on capital structures. Lazard offers an unparalleled opportunity for all bankers to work as part of small deal teams on important strategic assignments, providing meaningful exposure to senior bankers and client representatives. You'll need to have: * Current enrollment at a US university and obtaining a Bachelor's degree with an expected graduation date in December 2027 or May/June 2028 * Top academic performance * Strong quantitative background * Strong analytical skills * Excellent oral and written communication skills * Strong attention to detail * Ability to multi-task What we offer You will begin your internship by participating in a week-long comprehensive training program in New York. Throughout the program, you will receive formal mentorship, exposure to our Leadership Team, and participate in various social and networking events with bankers across the Firm. We strive to enhance the total health and well-being of our employees through comprehensive, competitive benefits. Our goal is to offer a highly individualized employee experience that enables you to balance your commitments to career, family, and community. When you work for Lazard, you are working for an organization that cares about your unique talents and passions, and will continue to invest in the development of your career. We expect the base salary for this role to be approximately $120,000 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. Does this sound like you? Apply! We'll get in touch on the next steps. Representation at Lazard 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.

Morgan Stanley is a worldwide leader in Global Capital Markets and one of the top firms in underwriting across equity and debt transactions, as well as in bespoke derivative and structured solutions for institutional and corporate clients. Morgan Stanley's Global Capital Markets division offers a 10-week program that takes place at Morgan Stanley's headquarters in New York. The program is an opportunity to be placed on one of our desks within Global Capital Markets (GCM), which could include: Corporate Derivatives Group (CDG), Equity Capital Markets (ECM), Investment Grade Debt (IG), Leveraged Finance (LevFin), Private Capital Markets (PCM), Strategic Lending Group (SLG) or Securitized Products Capital Markets (SPCM). Summer Analysts will have the opportunity to learn from industry leaders across products and work on innovative transactions for clients. Over the course of the program, Summer Analysts will receive immersive training and orientation to develop a strong foundation in capital markets knowledge and financial analysis. Summer Analysts will have the opportunity to interact with other businesses across the firm, while also receiving formal mentorship and engagement from senior leadership. Summer Analysts will have the opportunity to be in a market driven environment while sitting on an open trading floor - closely integrated with their teams to receive on the job training and exposure to experienced professionals throughout the course of the internship. Program Overview Responsibilities may include but are not limited to: * Work with our clients on complex, innovative financing and risk management solutions. * Learn how to read complex financial models and understand basics of capital structure management. * Learn how equity and debt deals are priced and play an active role in the origination and execution of transactions, while working closely with your Corporate Finance counterparts in Investment Banking. * Help prepare materials to provide clients with valuable updates on market news and product trends, including how these affect their access to the public and private capital markets. * Work with our trading and syndicate desks on pricing views and deal execution. * Analyze and create, for both corporate and financial sponsors, various financing alternatives in the context of debt and/or loan financing, leveraged buyouts and acquisition financings. * Model and structure complex equity and debt derivatives to help clients manage exposure to movements in share prices, interest rates and foreign exchange levels. Qualifications & Skills * Pursuing a Bachelor's degree and will graduate between December 2027 and Spring 2028. * Minimum 3.4 GPA. * Basic knowledge of and a keen interest in finance. * Outstanding analytical, quantitative and technological skills. * A great multi-tasker, possess a strong work ethic, and have a positive attitude. * Excellent verbal and written communication skills. * A quick learner, both a leader and team player and a self-starter with the ability to work independently. * Detail oriented with strong organizational skills and ability to manage time efficiently and effectively. Application Details * We review Global Capital Markets applications on a rolling basis and encourage you to apply as soon as you are ready because interviews can occur prior to the application period closing, which is Sunday, February 15. Expected base pay rates for the role will be $52.89 per hour at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs. Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees. It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law. Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet). Job Level Summer Analyst Program Summer Analyst

Business Unit: Financial And Valuation Advisory Industry: Corporate Valuation Advisory Services Houlihan Lokey, Inc. (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital solutions, financial restructuring, and financial and valuation advisory. Houlihan Lokey serves corporations, institutions, and governments worldwide with offices in the Americas, Europe, the Middle East, and the Asia-Pacific region. Independent advice and intellectual rigor are hallmarks of the firm's commitment to client success across its advisory services. The firm is the No. 1 investment bank for all global M&A transactions for the past two years, the No. 1 M&A advisor for the past 10 years in the U.S., the No. 1 global restructuring advisor for the past 11 years, and the No. 1 global M&A fairness opinion advisor over the past 25 years, all based on number of transactions and according to data provided by LSEG. Financial and Valuation Advisory Over the past 50 years, Houlihan Lokey has established one of the largest worldwide financial and valuation advisory practices. Our transaction expertise and leadership in the field of valuation inspire confidence in the financial executives, boards of directors, special committees, retained counsel, investors, and business owners we serve. In 2024, LSEG ranked us the No. 1 Global M&A fairness opinion advisor over the past 20 years. Our stability, integrity, technical leadership, and global capabilities make us a trusted advisor for clients worldwide, across a wide range of services, including the Transaction Opinions, Transaction Advisory Services, Corporate Valuation Advisory Services, Portfolio Valuation and Fund Advisory Services, Real Estate Valuation and Advisory Services, and Dispute Resolution Consulting practices. Applicants must be authorized to work for ANY employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time. Basic Qualifications * A B.A./B.S./B.B.A. candidate-Finance or Accounting major with a graduation date between December 2027 and June 2028 * Coursework in accounting and finance * A fundamental understanding of valuation theory, methodologies, and applications Preferred Qualifications * Strong analytical abilities and financial and computer skills (Excel in particular) * A demonstrated ability to work cooperatively with all levels of staff * Excellent verbal and written communication skills Overview The Corporate Valuation and Advisory Services ("CVAS") team performs business valuations and intangible asset valuations in connection with mergers and acquisitions for financial and tax reporting and management planning requirements. Team members have expertise in finance and accounting and understand global valuation methodologies and best practices. The team delivers value to private equity and corporate clients across a wide range of industries. Responsibilities As a Summer Financial Analyst on the CVAS team, some of your responsibilities will include developing complex financial models and analyzing financial statements, industry conditions and developments, acquisitions and divestitures, and various investment attributes of publicly traded and privately held securities. You will also have an opportunity to participate in our firm's marketing efforts. Throughout the summer, you will work closely with a highly talented, experienced, and dedicated staff of professionals who will give you broad exposure to a wide range of industries and highly complex transactions, as well as senior officers within our firm. Compensation and Benefits Houlihan Lokey is committed to providing its employees with an exciting career opportunity and competitive total compensation package. The firm's good faith and reasonable estimate of the possible salary range for this role at the time of posting is: $70,000.00-$115,000.00 Actual salary at the time of hire may vary and may be above or below the range based on various factors, including, but not limited to, the candidate's relevant qualifications, skills, and experience, as well as the service line and location where this position may be filled. Houlihan Lokey provides a competitive benefits package. Our current benefits offerings can be found here: 2025 Benefits We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, gender identity, sexual orientation, protected veteran status, or any other characteristic protected by law. #LI-115268

High-Profile Deals, Major Growth, the Right People Behind You. Grow Far at Baird. Baird offers a different kind of start to a career in investment banking, built on high-performing teams and a culture that supports your growth. Here, you'll build skills through real transactions, close collaboration with peers and mentors and a culture focused on shared success. Drive Growth Through Innovative Private Capital Solutions Join Baird's Equity Private Capital Markets team - part of our Capital Solutions Group - and gain hands-on experience shaping financing strategies for private companies. You'll work on minority equity, equity-linked securities, PIPEs and secondary liquidity solutions while supporting growth initiatives, acquisitions and strategic partnerships. With access to a global network of investors, you'll help create competitive processes that optimize pricing, terms and certainty - building skills that set you apart in the evolving private markets. Learn more. Summer 2027 Analyst Internship Program Our competitive intern program is a robust 10-week experience that offers real transaction exposure and a meaningful work experience. Interns are valuable team members who learn from experienced professionals in a collaborative and dynamic environment. Located in our New York office, interns must be flexible to work full-time during the summer. Significant hours are required. What You'll Do Support the Equity Private Capital Markets team by providing analytical support across capital raises, sale of minority stakes and other financial advisory services Work with your team to prepare company valuations, build financial models, track investor dialogue and create marketing materials Contribute to business development efforts through research, analysis and preparation for client meetings and pitches Work side-by-side with both junior and senior investment bankers, gaining hands-on experience across every stage of a deal What You'll Gain Contribute to every stage of a transaction, from conducting research, to investor outreach, and facilitating due diligence Gain insight into how teams collaborate across geographies, sectors and specialties to support client objectives Take on meaningful responsibility and contribute to conversations with investors and corporate clients around the world Grow in a culture built on respect and shared values, where ambition and collaboration go hand-in-hand and hard work is recognized through opportunity What It Takes Current enrollment in a bachelor's degree program required with a graduation date of winter 2027 or spring 2028 A candidate energized by learning, teamwork and real responsibility Proven academic record and a passion for finance (a finance degree is helpful, but not required) Drive, resilience and a strong work ethic Ability to work independently and thrive in a collaborative setting Strong mathematical, writing and verbal skills; relevant software proficiency Compensation and Benefits: Base Salary: $110,000 (pro-rated for summer program) Interested? Complete the Suited Assessment and Apply Today As part of our application process and to be considered for our Summer 2027 Analyst Internship Program, you must complete the Suited assessment. Sign up and complete here. Your Baird application is not complete until you submit the assessment. For questions and additional information, contact: Baird Global Investment Banking Recruiting ************************ Visit our U.S. Internship Program page for FAQs. Learn more about our platform at ************************************* Baird is not currently hiring individuals for this position who now or in the future require sponsorship for employment visa status. Learn more about our internship programs and review frequently asked questions . Baird is committed to diversity and provides employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex, pregnancy, citizenship, national origin, age, disability, military service, veteran status, sexual orientation, gender identity or expression, genetic information, or any other status protected by law.

LionTree is a differentiated global investment and merchant banking firm focused on companies in the technology, media, telecom and consumer-related industries. LionTree was founded in 2012 and has offices in New York, San Francisco, and London to serve a global client base. LionTree has built a successful track record by leveraging its unique insights and relationships to assist clients across its integrated product set: Investment Banking Advisory, Public Markets / IPO Advisory and Merchant Banking Investments. Since our formation, LionTree has advised on over $850bn of deal volume across over 300+ transactions. LionTree represents clients ranging from large-cap leaders to emerging growth companies. Select notable transactions include: advising Naver on its $1.2bn acquisition of Poshmark, Take-Two Interactive on its $12.7bn acquisition of Zynga, The Athletic on its sale to the New York Times, MGM Studios on its $8.5bn sale to Amazon, WarnerMedia (AT&T) and Discovery's ~$140bn merger, Viacom on its $47bn merger with CBS, Pandora on its $3.5bn sale to SiriusXM, and Charter on its $78.7bn acquisition of Time Warner Cable. Program Description: LionTree offers a 11-week summer analyst program for rising seniors. As a summer analyst, you will be fully immersed in the day-to-day activities of our New York office. The program is designed to provide a realistic view of our full-time Investment Banking Analyst Program. Upon completion of the program, Summer Analysts have the opportunity to receive full-time Analyst offers for a post-graduation start date. As a summer analyst, you will: Obtain a strong foundation in financial analysis through training from LionTree professionals as well as third-party providers Have the opportunity to work on live client assignments alongside LionTree deal teams Present financial and strategic analysis to the firm's leadership during your final project Attend orientation and firm events where you will learn about LionTree and the industry while meeting members of the firm globally Gain access to an invaluable peer network of interns, as well as senior firm leaders and other peers through an assigned mentorship team

Business Unit: Financial Restructuring Group Industry: Real Estate, Lodging Houlihan Lokey, Inc. (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital solutions, financial restructuring, and financial and valuation advisory. Houlihan Lokey serves corporations, institutions, and governments worldwide with offices in the Americas, Europe, the Middle East, and the Asia-Pacific region. Independent advice and intellectual rigor are hallmarks of the firm's commitment to client success across its advisory services. The firm is the No. 1 investment bank for all global M&A transactions for the past two years, the No. 1 M&A advisor for the past 10 years in the U.S., the No. 1 global restructuring advisor for the past 11 years, and the No. 1 global M&A fairness opinion advisor over the past 25 years, all based on number of transactions and according to data provided by LSEG. Financial Restructuring Houlihan Lokey has the largest worldwide financial restructuring practice of any investment banking firm, with offices and experienced professionals located across the globe. Since its inception in 1988, the restructuring group has advised on more than 1,800 restructuring transactions with aggregate debt claims in excess of $3.8 trillion. With nearly 300 dedicated restructuring professionals worldwide, our group has a significant global presence. We serve clients domestically and around the world, providing extensive resources to staff each case. Our broad base of clients and extensive experience allow us to understand the dynamics of each restructuring situation and the needs, attitudes, and positions of all parties in interest. Job Description A Summer Financial Analyst in the Real Estate, Lodging & Leisure Investment Banking Group in the New York office will work on a variety of active engagements, business development assignments, and growth initiatives. The group offers a unique opportunity for Summer Financial Analysts to work on a variety of projects that provide exposure to various financial advisory and investment banking products and sectors within the real estate industry. The Summer Financial Analyst will have the following tasks: Prepare, analyze and help explain historical and projected financial information; Coordinate and perform business due diligence and execute M&A and capital raising transactions; Prepare confidential information memoranda, management presentations, marketing pitches and other presentations; Value real estate companies, businesses, and assets; Assist in the marketing and planning of engagements; and Build relationships and maintain direct contact with clients, prospective clients and professional advisors. Basic Qualifications The ideal candidate would possess the following qualities and background: Currently pursuing a Bachelor's and / or Master's Degree with a graduation date between December 2027 and June 2028 (Finance, Accounting, Economics, and Real Estate majors are preferred); A fundamental understanding of real estate and corporate valuation theories, methodologies, and applications Strong analytical abilities Proficiency with Excel (particularly modeling skills) and PowerPoint A demonstrated ability to work cooperatively with all levels of staff Be an independent thinker and resourceful problem solver driven to succeed Have a very strong work ethic, organizational skills and ability to multi-task Demonstrate a strong interest in real estate A demonstrated ability to work cooperatively with all levels of staff. Teamwork is essential to the firm's success. At the same time, creativity and new ideas are encouraged. Summer Financial Analysts are given substantial responsibility and are encouraged to help us grow our business. The ideal candidate should be motivated, creative, outgoing, and possess strong communication and financial analysis skills. Candidates must have a strong knowledge of accounting and applied financial theory, keen analytical capabilities, and excellent verbal and written communication skills. Compensation and Benefits Houlihan Lokey is committed to providing its employees with an exciting career opportunity and competitive total compensation package. The firm's good faith and reasonable estimate of the possible salary range for this role at the time of posting is: $120,000.00 Actual salary at the time of hire may vary and may be above or below the range based on various factors, including, but not limited to, the candidate's relevant qualifications, skills, and experience and the location where this position may be filled. Houlihan Lokey provides a competitive benefits package. Our current benefits offerings can be found here: 2025 Benefits We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, gender identity, sexual orientation, protected veteran status, or any other characteristic protected by law. #LI-116337

Business Unit: Financial And Valuation Advisory Industry: Transaction Opinions Houlihan Lokey, Inc. (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital solutions, financial restructuring, and financial and valuation advisory. Houlihan Lokey serves corporations, institutions, and governments worldwide with offices in the Americas, Europe, the Middle East, and the Asia-Pacific region. Independent advice and intellectual rigor are hallmarks of the firm's commitment to client success across its advisory services. The firm is the No. 1 investment bank for all global M&A transactions for the past two years, the No. 1 M&A advisor for the past 10 years in the U.S., the No. 1 global restructuring advisor for the past 11 years, and the No. 1 global M&A fairness opinion advisor over the past 25 years, all based on number of transactions and according to data provided by LSEG. Financial and Valuation Advisory Over the past 50 years, Houlihan Lokey has established one of the largest worldwide financial and valuation advisory practices. Our transaction expertise and leadership in the field of valuation inspire confidence in the financial executives, boards of directors, special committees, retained counsel, investors, and business owners we serve. In 2024, LSEG ranked us the No. 1 Global M&A fairness opinion advisor over the past 20 years. Our stability, integrity, technical leadership, and global capabilities make us a trusted advisor for clients worldwide, across a wide range of services, including the Transaction Opinions, Transaction Advisory Services, Corporate Valuation Advisory Services, Portfolio Valuation and Fund Advisory Services, Real Estate Valuation and Advisory Services, and Dispute Resolution Consulting practices. Applicants must be authorized to work for ANY employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time. Basic Qualifications * A B.A./B.S./B.B.A. candidate-Finance or Accounting major with a graduation date between December 2027 and June 2028 * Coursework in accounting and finance * A fundamental understanding of valuation theory, methodologies, and applications Preferred Qualifications * Strong analytical abilities and financial and computer skills (Excel in particular) * A demonstrated ability to work cooperatively with all levels of staff * Excellent verbal and written communication skills Overview Whether our clients are looking to fulfill their fiduciary duties, mitigate risk, or determine corporate value, we are there throughout the transaction process to provide objective advice based on rigorous analysis and supported by written fairness, solvency and valuation opinions. We work on behalf of boards of directors, investors, trustees, and other corporate leaders to advise and issue opinions on a wide range of transactions. Responsibilities As a Summer Financial Analyst in the Transaction Opinion practice, some of your responsibilities will include developing complex financial models and analyzing financial statements, industry conditions and developments, acquisitions and divestitures, and various investment attributes of publicly traded and privately held securities. You will also have an opportunity to participate in our firm's marketing efforts. Throughout the summer, you will work closely with a highly talented, experienced, and dedicated staff of professionals who will give you broad exposure to a wide range of industries and highly complex transactions, as well as senior officers within our firm. Compensation and Benefits Houlihan Lokey is committed to providing its employees with an exciting career opportunity and competitive total compensation package. The firm's good faith and reasonable estimate of the possible salary range for this role at the time of posting is: $70,000.00-$115,000.00 Actual salary at the time of hire may vary and may be above or below the range based on various factors, including, but not limited to, the candidate's relevant qualifications, skills, and experience, as well as the service line and location where this position may be filled. Houlihan Lokey provides a competitive benefits package. Our current benefits offerings can be found here: 2025 Benefits We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, gender identity, sexual orientation, protected veteran status, or any other characteristic protected by law. #LI-115269

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. As a Summer Analyst on the Shareholder Advisory and Activism Defense Team, you will work in small teams advising public companies on a broad range of topics including shareholder activism and takeover defense, matters regarding public equity markets and understanding investing patterns of institutional investors. You will work closely with sector banking teams in reviewing and evaluating corporate strategy, M&A dynamics and corporate financial policies, all through a shareholder lens. We'll trust you to: * Develop client presentations on shareholder activism defense strategies and tactics * Support strategic M&A with shareholder analytics and shareholder engagement advice * Analyze Shareholder, Activism, and Equity Markets databases * Evaluate trends in equity ownership and shareholder activism * Participate in internal marketing initiatives and contribute to thought leadership efforts * Leverage developing AI technology to facilitate analysis * Take a leadership role in publishing topical memos for internal and external client use You'll need to have: * Current enrollment at a US university and obtaining a Bachelor's degree with an expected graduation date in December 2027 or May/June 2028 * Top academic performance * Motivation, creativity, maturity, and poise * Strong quantitative background * Strong analytical skills * Excellent oral and written communication skills * Strong attention to detail * Demonstrated ability to multi-task * Evidence of exemplary work ethic * Desire to work and learn in a demanding environment of capital markets generalists What we offer You will begin your internship by participating in a week-long comprehensive training program in New York. Throughout the program, you will receive formal mentorship, exposure to our Leadership Team, and participate in various social and networking events with bankers across the Firm. We strive to enhance the total health and well-being of our employees through comprehensive, competitive benefits. Our goal is to offer a highly individualized employee experience that enables you to balance your commitments to career, family, and community. When you work for Lazard, you are working for an organization that cares about your unique talents and passions, and will continue to invest in the development of your career. We expect the base salary for this role to be approximately $120,000 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. Does this sound like you? Apply! We'll get in touch on the next steps. Representation at Lazard 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.

Business Unit: Financial And Valuation Advisory Industry: Fund Opinions Houlihan Lokey, Inc. (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital solutions, financial restructuring, and financial and valuation advisory. Houlihan Lokey serves corporations, institutions, and governments worldwide with offices in the Americas, Europe, the Middle East, and the Asia-Pacific region. Independent advice and intellectual rigor are hallmarks of the firm's commitment to client success across its advisory services. The firm is the No. 1 investment bank for all global M&A transactions for the past two years, the No. 1 M&A advisor for the past 10 years in the U.S., the No. 1 global restructuring advisor for the past 11 years, and the No. 1 global M&A fairness opinion advisor over the past 25 years, all based on number of transactions and according to data provided by LSEG. Financial and Valuation Advisory Over the past 50 years, Houlihan Lokey has established one of the largest worldwide financial and valuation advisory practices. Our transaction expertise and leadership in the field of valuation inspire confidence in the financial executives, boards of directors, special committees, retained counsel, investors, and business owners we serve. In 2024, LSEG ranked us the No. 1 Global M&A fairness opinion advisor over the past 20 years. Our stability, integrity, technical leadership, and global capabilities make us a trusted advisor for clients worldwide, across a wide range of services, including the Transaction Opinions, Transaction Advisory Services, Corporate Valuation Advisory Services, Portfolio Valuation and Fund Advisory Services, Real Estate Valuation and Advisory Services, and Dispute Resolution Consulting practices. Applicants must be authorized to work for ANY employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time. Basic Qualifications Finance or Accounting majors with a graduation date between December 2027 and June 2028 Strong accounting, finance, financial modeling, and analytical abilities Preferred Qualifications Strong qualitative and quantitative research skills Excellent oral and written communication skills Intellectual curiosity and a results-driven professional A very strong work ethic, organizational skills, and ability to multi-task in a deadline-driven environment Ability to work independently and a good team player Overview Our dedicated Fund Opinions (“FO”) practice delivers fairness opinions and valuation advisory services to financial sponsors, including private equity funds, hedge funds, and credit funds. FO provides advice to these sponsors across a variety of situations, including mergers, acquisitions, fund recapitalizations, and other portfolio company transactions. Responsibilities As a Summer Financial Analyst, you will join a team that focuses on complex analytics, financial models, and valuation across a wide range of industries and asset classes (e.g., buyout, venture capital, credit, etc.). The group partners with other internal teams (i.e., M&A, industry groups, etc.) to deliver fairness and transaction-based valuation opinions as well as other advisory services to our clients. The responsibilities of a Summer Financial Analyst include: Analyze and explain historical and projected financial information Perform business and financial due diligence Conduct industry, competitor, and sub-sector research Perform complex valuation projects utilizing methods including comparable company analysis, precedent transactions, and discounted cash flow analysis Build complex financial models in excel to assess cash flows of a company and/or value specific securities Prepare client/internal board review PowerPoint presentations supporting advice and opinions Participate in business development initiatives Support relationships with current and prospective clients Compensation and Benefits Houlihan Lokey is committed to providing its employees with an exciting career opportunity and competitive total compensation package. The firm's good faith and reasonable estimate of the possible salary range for this role at the time of posting is: $70,000.00-$115,000.00 Actual salary at the time of hire may vary and may be above or below the range based on various factors, including, but not limited to, the candidate's relevant qualifications, skills, and experience, as well as the service line and location where this position may be filled. Houlihan Lokey provides a competitive benefits package. Our current benefits offerings can be found here: 2025 Benefits We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, gender identity, sexual orientation, protected veteran status, or any other characteristic protected by law. #LI-115269

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. The internship is a generalist program through which summer analysts receive exposure across our M&A coverage groups as well as the Restructuring group. Day-to-day activities of Summer Analysts are dependent on your prior experience and abilities, and include: financial analysis and modeling, company and industry research, participating in the development of client presentations, and interacting with senior bankers and clients. Assignments fall into a range of categories, including M&A, divestitures, general and strategic advisory, and capital markets. Summer Analysts are expected to spend 9 weeks at the Firm. While you may gain exposure to Restructuring through our generalist program, we also have opportunities for direct placement into our Restructuring team. If you are solely interested in pursuing Restructuring, please apply here. You'll need to have: * Current enrollment at a US university and obtaining a Bachelor's degree with an expected graduation date in December 2027 or May/June 2028 * 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 What we offer You will begin your internship by participating in a week-long comprehensive training program in New York. Throughout the program, you will receive formal mentorship, exposure to our Leadership Team, and participate in various social and networking events with bankers across the Firm. We strive to enhance the total health and well-being of our employees through comprehensive, competitive benefits. Our goal is to offer a highly individualized employee experience that enables you to balance your commitments to career, family, and community. When you work for Lazard, you are working for an organization that cares about your unique talents and passions, and will continue to invest in the development of your career. We expect the base salary for this role to be approximately $120,000 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. Does this sound like you? Apply! We'll get in touch on the next steps. Representation at Lazard 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.

Business Unit: Capital Solutions Industry: Private Funds Group Houlihan Lokey, Inc. (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital solutions, financial restructuring, and financial and valuation advisory. Houlihan Lokey serves corporations, institutions, and governments worldwide with offices in the Americas, Europe, the Middle East, and the Asia-Pacific region. Independent advice and intellectual rigor are hallmarks of the firm's commitment to client success across its advisory services. The firm is the No. 1 investment bank for all global M&A transactions for the past two years, the No. 1 M&A advisor for the past 10 years in the U.S., the No. 1 global restructuring advisor for the past 11 years, and the No. 1 global M&A fairness opinion advisor over the past 25 years, all based on number of transactions and according to data provided by LSEG. Capital Solutions Houlihan Lokey's Capital Solutions Group comprises more than 170 professionals globally and offers clients a broad range of tailored financing alternatives and strategic financial advice. Our team has deep senior-level relationships across the capital markets and a long track record of raising capital across varying market conditions. With deep expertise in both private and public markets, we are committed to delivering innovative, value-enhancing solutions that support long-term success for our clients. General Partner (“GP”) Advisory Houlihan Lokey's General Partner Advisory (“GPA”) M&A team advises private capital firms (private equity, credit, real estate, infrastructure) on firm-level initiatives, including minority stake sales (“GP Stakes”), majority sales, firm-level financings and NAV loans. Founded in 2020, Houlihan's GPA platform has quickly become one of the most active and respected advisors to private capital general partners on the street. The team has closed numerous deals over the past 5 years and is currently engaged on both sell-side and buy-side mandates on behalf of private capital firms located in the US and Europe. General Partner Advisory is one of Houlihan's youngest M&A investment banking businesses. The team is growing and continually accepting more and larger assignments. Job Description Summer Analysts will work alongside the broader GPA team on transactions that provide exposure to various clients in the private equity industry and to a range of investment banking services, including sell-side and buy-side mergers and acquisitions, capital raising, and strategic consulting. As a Summer Analyst key responsibilities will include (i) supporting the build-out of financial models, (ii) preparing client deliverables (including confidential information memorandums), and (iii) collecting /analysing market research. Qualifications Currently pursuing a bachelor's and/or master's degree with a graduation date between December 2027 and June 2028 Possess basic knowledge of and a keen interest in finance Excellent verbal and written communication skills Strong work ethic and leadership skills Preferred Qualifications A fundamental understanding of valuation theory, methodologies, and applications Strong analytical and computer skills (Excel) Ability to work cooperatively with all levels of staff Compensation and Benefits Houlihan Lokey is committed to providing its employees with an exciting career opportunity and competitive total compensation package. The firm's good faith and reasonable estimate of the possible salary range for this role at the time of posting is: $110,000.00 Actual salary at the time of hire may vary and may be above or below the range based on various factors, including, but not limited to, the candidate's relevant qualifications, skills, and experience and the location where this position may be filled. Houlihan Lokey provides a competitive benefits package. Our current benefits offerings can be found here: 2025 Benefits We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, gender identity, sexual orientation, protected veteran status, or any other characteristic protected by law. #LI-116337

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 is a global leader in raising capital, executing secondary transactions, and providing capital solutions for private investment funds. The team is comprised of over 100 professionals across two core markets: primary fundraising and secondary advisory. Private Capital Advisory ("PCA") clients include a broad of range of leading private equity, private credit, real asset, and infrastructure investors who pursue investment opportunities within these alternative investment spaces. Lazard PCA is a recognized leader in these markets and one of the longest tenured firms operating in the space. Members of our PCA team have been involved in over 500 private capital-raising assignments since 2003. Our group has built one of the broadest institutional investor coverage networks in the industry and has cultivated relationships with over 1,500 investing institutions globally, in addition to advising on many of the largest and most innovative transactions in the secondary markets. The Lazard PCA Group has three lines of business: * Secondary Advisory: * Dedicated global team of secondary transaction experts advising predominately on GP-led transactions (single / multi-asset continuation fund, strip sale, tender offer, etc.) and LP-led secondary transactions (sale processes of existing fund positions on behalf of institutional investors) * Experienced advisor on the sale or spin-out of management companies, as well as the leading advisor in the financial sponsor liquidity solution market today * Lazard PCA has advised many of the leading financial sponsors in the world and created many of the structures that are now commonplace in the secondary market * Private Equity and Credit Fund Placement: * Advises private equity and credit firms on raising capital across fund types and structures * Decades of experience and a global network of relationships with relevant sources of capital * Successful capital raising track record with special expertise in complex transactions across a variety of strategies and sectors * Real Asset Fund Placement: * Advises real estate and real asset general partners and fund sponsors seeking to raise capital * Experienced in working with both equity- and debt-focused managers across a range of investment vehicles, including closed- and open-end funds, private REITs, and programmatic joint ventures * Advise on complex assignments involving real estate and real assets fund restructurings Summer Analysts in Lazard's Private Capital Advisory Group will work in one of three separate lines of business within PCA: 1) Secondary Advisory, 2) Private Equity and Credit Fund Placement, or 3) Real Asset Fund Placement. As part of the Secondary Advisory business line, Summer Analysts will work in tandem with Analysts and Associates during the preparation of a transaction (i.e., drafting marketing materials such as a Confidential Information Memorandum, building a(n) Portfolio / Asset Projection Model(s), preparing the Virtual Data Room, etc.) and during the marketing and due diligence phases of the transaction (i.e., tracking investor outreach, facilitating and answering due diligence questions from potential buyers, participating in update calls with the client, etc.). Summer Analysts will also be required to prepare a pitch presentation during the internship, leveraging projection models, asset-level materials, and GP information from a prior PCA deal. Across the Private Equity and Credit Fund Placement and Real Asset business lines, Summer Analysts will work with Analysts and Associates during the preparation of a fundraise (i.e., refreshing / drafting fund documentation and marketing materials, preparing the Virtual Data Room, aggregating prospective investor targets, etc.) and during the live fundraise (i.e., tracking investor outreach, facilitating investors' due diligence processes, participating in update calls with the client and prospective investors, etc.). Summer Analysts will also be required to prepare a presentation during the internship, assessing a potential fund investment opportunity. Summer Analysts are expected to spend 9 weeks at the Firm. You'll need to have: * Current enrollment at a U.S. university and obtaining a Bachelor's degree with an expected graduation date in December 2027 or May/June 2028 * 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 What we offer You will begin your internship by participating in a week-long comprehensive training program in New York. Throughout the program, you will receive formal mentorship, exposure to our Leadership Team, and participate in various social and networking events with bankers across the Firm. We strive to enhance the total health and well-being of our employees through comprehensive, competitive benefits. Our goal is to offer a highly individualized employee experience that enables you to balance your commitments to career, family, and community. When you work for Lazard, you are working for an organization that cares about your unique talents and passions, and will continue to invest in the development of your career. We expect the base salary for this role to be approximately $120,000 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. Does this sound like you? Apply! We'll get in touch on the next steps. Representation at Lazard 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.

Business Unit: Capital Solutions Industry: No Industry Houlihan Lokey, Inc. (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital solutions, financial restructuring, and financial and valuation advisory. Houlihan Lokey serves corporations, institutions, and governments worldwide with offices in the Americas, Europe, the Middle East, and the Asia-Pacific region. Independent advice and intellectual rigor are hallmarks of the firm's commitment to client success across its advisory services. The firm is the No. 1 investment bank for all global M&A transactions for the past two years, the No. 1 M&A advisor for the past 10 years in the U.S., the No. 1 global restructuring advisor for the past 11 years, and the No. 1 global M&A fairness opinion advisor over the past 25 years, all based on number of transactions and according to data provided by LSEG. Capital Solutions Houlihan Lokey's Capital Solutions Group comprises more than 170 professionals globally and offers clients a broad range of tailored financing alternatives and strategic financial advice. Our team has deep senior-level relationships across the capital markets and a long track record of raising capital across varying market conditions. With deep expertise in both private and public markets, we are committed to delivering innovative, value-enhancing solutions that support long-term success for our clients. Secondaries Advisory Group Houlihan Lokey's Secondaries Advisory Group provides strategic advice and execution services to private equity sponsors and institutional investors navigating the fast-growing market for private equity secondary transactions. The group specializes in both GP-led transactions-such as continuation vehicles, single- and multi-asset restructurings, and tender offers-as well as LP portfolio sales and fund interest transfers. Members of the Secondaries Advisory Group work with a wide variety of private equity sponsors and institutional investors - across both industry and strategy - and work in tandem with Houlihan Lokey's industry coverage, M&A and financial restructuring teams. Directs Advisory Group Houlihan Lokey's Directs Advisory Group provides strategic advice and execution services to funded and independent private equity sponsors and institutional investors navigating the fast-growing market for direct transactions outside of a traditional fund structure. The group offers bespoke solutions for sponsors and other clients seeking flexible, targeted capital to support unique opportunities across asset classes and geographies. With access to many direct investors, including family offices, pension funds, insurance companies, asset managers, etc., we deliver investor-aligned structures that unlock value and accelerate execution. The Direct Placements team combines unmatched distribution capabilities with deep private equity and capital markets expertise to connect high-quality sponsors and management teams with the right long-term partners to close transactions with. Required Qualifications Currently pursuing a bachelor's and/or master's degree with a graduation date between December 2027 and June 2028 Possess basic knowledge of and a keen interest in corporate finance Strong qualitative analysis skills and ability to own a workstream end-to-end Excellent verbal and written communication skills Strong work ethic and leadership skills Preferred Qualifications A fundamental understanding of valuation theory, methodologies, and applications Strong analytical and computer skills (Excel) Ability to work cooperatively with all levels of staff Compensation and Benefits Houlihan Lokey is committed to providing its employees with an exciting career opportunity and competitive total compensation package. The firm's good faith and reasonable estimate of the possible salary range for this role at the time of posting is: $110,000.00 Actual salary at the time of hire may vary and may be above or below the range based on various factors, including, but not limited to, the candidate's relevant qualifications, skills, and experience and the location where this position may be filled. Houlihan Lokey provides a competitive benefits package. Our current benefits offerings can be found here: 2025 Benefits We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, gender identity, sexual orientation, protected veteran status, or any other characteristic protected by law. #LI-98172

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. Over the past decade, Lazard has advised on more than 500 restructurings worldwide, with an aggregate value of over $2 trillion, including many of the largest and most complex. Unlike most other firms, our professionals combine an extensive knowledge of restructuring strategies with M&A expertise, credit analysis skills, capital markets knowledge, industry expertise and negotiation experience in distressed situations. Day-to-day activities of Restructuring Summer Analysts include: financial analysis and modeling, company and industry research, participating in the development of client presentations, and interacting with senior bankers and clients. Assignments fall into a range of categories, including in-court and out-of-court restructurings, liability management, and broader market analysis. Summer Analysts are expected to spend 9 weeks at the Firm. This opportunity offers direct placement into our Restructuring team. If you are interested in recruiting for our M&A & Restructuring Generalist Program, please apply here. You'll need to have: * Current enrollment at a US university and obtaining a Bachelor's degree with an expected graduation date in December 2027 or May/June 2028 * 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 What we offer You will begin your internship by participating in a week-long comprehensive training program in New York. Throughout the program, you will receive formal mentorship, exposure to our Leadership Team, and participate in various social and networking events with bankers across the Firm. We strive to enhance the total health and well-being of our employees through comprehensive, competitive benefits. Our goal is to offer a highly individualized employee experience that enables you to balance your commitments to career, family, and community. When you work for Lazard, you are working for an organization that cares about your unique talents and passions, and will continue to invest in the development of your career. We expect the base salary for this role to be approximately $120,000 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. Does this sound like you? Apply! We'll get in touch on the next steps. Representation at Lazard 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.

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. The 9-week summer analyst program begins with a week of classroom training, where all of the incoming summer analysts come together to learn about the fundamentals of investment banking. There is a focus on modeling and relevant analytical techniques. Learning and development, however, is expected to extend throughout the summer, by way of apprenticeship, structured teaching sessions, and performance reports. Summer Analysts will become integral members of the Corporate Strategy and M&A group, an exclusive team dedicated to principal investments on behalf of Lazard, complex buy-side transaction advisory, and meticulous analysis and execution of firm-wide strategic initiatives. The team plays an integral role in conducting M&A for Lazard globally, while working on other bespoke, opportunistic initiatives. Depending on the project, day-to-day responsibilities of the analyst include sourcing and executing acquisitions to expand Lazard's business, financial analysis and modeling, comprehensive company and industry research, and frequent interaction with senior management to assist in strategic decision-making. This opportunity offers direct placement into our Corporate Strategy and M&A team. If you are interested in recruiting for our M&A and Restructuring Generalist Program, please apply here. You'll need to have: * Current enrollment at a US university and obtaining a Bachelor's degree with an expected graduation date in December 2027 or May/June 2028 * 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 What we offer You will begin your internship by participating in a week-long comprehensive training program in New York. Throughout the program, you will receive formal mentorship, exposure to our Leadership Team, and participate in various social and networking events with bankers across the Firm. We strive to enhance the total health and well-being of our employees through comprehensive, competitive benefits. Our goal is to offer a highly individualized employee experience that enables you to balance your commitments to career, family, and community. When you work for Lazard, you are working for an organization that cares about your unique talents and passions, and will continue to invest in the development of your career. We expect the base salary for this role to be approximately $120,000 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. Does this sound like you? Apply! We'll get in touch on the next steps. Representation at Lazard 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.