Summer 2022’s Top 10 Investment Banking Internships For Undergrads

Top 10 investment banking internships

7: Barclays Global Summer Analyst & Associate Programs

barclaysVault score: 8.692

Academic level: Juniors

Compensation: Paid

Duration: 6-12 weeks

Barclays Investment Bank provides advice, financing,  industry- and geography-specific expertise, and risk management solutions to companies, governments, and institutions worldwide. Vault ranked this internship #11 Best Internships for Information Technology and #18 for Best Internships for Sales, Marketing & Communications.

About the internship: Barclay’s summer analysts experience what it’s like to work in one of its following departments: Business Banking, Cards and Payments, Compliance, Corporate Banking, Finance, Human Resources, Internal Audit, Investment Banking, Market Risk, Marketing, Markets, Operations, Research, Risk, Quantitative Analytics, Technology, and Wealth Management. Interns are immersed in the company’s work, culture and business. 

Eligible interns are invited to join the firm full-time after graduation. 

Responsibilities:

  • Participate in formal and informal training
  • Attend dedicated networking sessions and other program events
  • Receive detailed performance feedback

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6: Lazard Summer Analyst and Summer Associate Program

lazardVault score: 8.781

Academic level: Juniors

Compensation: Paid

Duration: 9 weeks

Lazard is a prestigious investment banking firm advising on some of the largest, most complex M&A deals of the past 100 years. Lazard’s excellent internship program allows interns to work on live deals alongside senior bankers and clients.  Vault ranked this internship #18 Best Internships for Finance and #27 for Best Internships for Quality of Assignments.

About the internship: Opportunities are available in each of Lazard’s offices across the U.S. in the following specializations or industries:

  • New York: M&A/restructuring, capital structure advisory, corporate strategy, shareholder advisory and private capital advisory. 
  • Boston: Technology
  • Chicago: M&A (Midwest advisory) or restructuring (interns are dedicated for the summer to one of these teams)
  • Houston: Power and energy, oil and gas
  • Los Angeles: Aerospace and defense, consumer/retail, gaming and lodging
  • San Francisco: Healthcare, technology or convertible securities (interns are dedicated for the summer to one of these teams)

After a weeklong training in New York City, interns spend the summer delving into financial analysis and modeling, company and industry research, participating in the development of client presentations, and interactions with senior bankers and clients. Eligible interns are invited to join the firm full-time after graduation. 

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5: Harris Williams Summer Associate & Analyst Program

Harris WilliamsVault score: 8.965

Academic level: Juniors

Compensation: Paid

Duration: 10 weeks

Harris Williams is an M&A advisor with offices in Boston, Cleveland, Frankfurt, London, Minneapolis, Richmond, San Francisco, and Washington, D.C. The firm advises clients worldwide on the sale of their companies, helps them identify growth opportunities for their businesses, and enables them to realize their investments.  Vault ranked this internship #5 Best Internships for Real Life Experience and #6 for Best Internships for Compensation & Benefits.

About the internship: Summer analysts are active in live transactions during their time at Harris Williams, including the following responsibilities: 

Major Deal Process Deliverable Creation:

  • Pitch Materials
  • Valuation Analysis
  • Confidential Information Memorandum
  • Management Presentation

Client Involvement:

  • Representing HW throughout the entire deal process
  • Organizing meetings
  • Actively participating in deal team, pitch, and due diligence meetings as well as management Presentations
  • Conducting marketing calls

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4: Solomon Partners Summer Analyst Program

Solomon PartnersVault score: 9.008

Academic level: Rising seniors

Compensation: Paid

Duration: 10 weeks

Solomon Partners, one of the first independent investment banks, advises clients on mergers, acquisitions, divestitures, restructurings, recapitalizations, capital markets solutions, and activism defense across a broad range of industries. Vault ranked this internship #11 Best Internships for Employment Prospects and #15 for Best Internships for Compensation & Benefits.

About the internship: Interns immediately become active, important members of the team, including working on live M&A deals. They also work on projects with senior bankers, gaining first-hand experience and receiving personalized mentorship.  

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Next page: Best Investment Banking Internships, Nos. 3-1 + Methology