Lazard 2027 programs are split between Financial Advisory — M&A, restructuring, and sovereign advisory on lean deal teams under a generalist model — and Asset Management, which hires for investment analysis roles. The main entry points are the summer analyst internship and the two-to-three-year full-time analyst program, both running in small classes reviewed on a rolling basis.
This guide covers the 2027 intake at Lazard — applications open in 2026 and are reviewed on a rolling basis, so applying early gives you the strongest chance. Confirm exact dates on Lazard's official careers page.
Lazard 2027 Programs: Financial Advisory
This is Lazard's core business and where most candidates apply. It covers M&A advisory, restructuring, sovereign advisory (advising governments), and capital solutions.
What makes it different:
- Lean deal teams. You build models, sit in client meetings, and draft materials partners actually use — early.
- Advisory only. No trading floor, no lending arm. Your technicals get tested harder because there is nowhere to hide.
- High exposure, high bar. Small classes mean real responsibility fast — and mistakes get noticed.
Lazard 2027 Programs: Asset Management
Lazard Asset Management is a separate business running funds across equities and fixed income. Analyst roles focus on investment analysis: researching companies, building valuation models, and forming an investment view.
The interview tests investment thinking, not deal instincts. The fit is fundamentally different — see Which Lazard 2027 Program Is Right for You? before choosing a track.
Summer Analyst vs Full-Time Analyst
- Summer analyst: the main pipeline. Real analyst work on live deals, evaluated for a full-time offer. Treat the internship as the real recruiting event.
- Full-time analyst: typically two to three years, feeding into business school, private equity, or internal promotion.
Because classes are small, a disproportionate share of full-time analysts come through the summer program.
The Generalist Model
Lazard runs a generalist model in advisory: analysts work across sectors before specializing. You get broad deal exposure — M&A one month, restructuring the next. Recruiters want to hear you understand this. "I want to work in TMT" tells them you do not know what you are applying to.
Prepare accordingly: go in with accounting, valuation, and recent deal knowledge sharp. Our Lazard 2027 online assessment and interview guide covers how each stage tests you.
FAQ
Which Lazard 2027 program should I apply to?
Financial Advisory if you want deal work on lean teams; Asset Management if you want investment analysis. Apply to one per cycle — our guide to which Lazard program fits can help you decide.
Is Lazard's summer analyst program the main route in?
Yes. Most full-time analyst offers go to returning summer interns, so treat the internship as the real recruiting event.
Does Lazard hire generalists or specialists?
Generalists in Advisory — analysts rotate across sectors before specializing. Know this before you interview.
When do Lazard 2027 programs open applications?
Lazard reviews applications on a rolling basis. Check the official careers page for exact dates and apply within the first few weeks.
Applying to Lazard? Our 2027 Lazard Online Assessment & Video Interview prep covers the real questions — $79 one-time, instant download.
