Hi Everyone,
I wil be recruiting for SA recruiting this fall as a junior and want to know what I should do this summer. It's either Lazard Equity Research or Boutique IB. I'm not sure if Lazard being a better brand name justifies not doing IB work at all.
Please let me know what you think.
Thanks!
| +112 | UBS Accused of Favoring H-1B Workers While Cutting U.S.-Born Employees | 20 | 34m |
| +81 | Incompetent and annoying co-intern | 23 | 22h |
| +69 | Getting Laid in IB? | 28 | 3d |
| +66 | Intern keeps sleeping at work - what to tell them | 28 | 1d |
| +55 | Living in greenwich as an analyst? | 12 | 21h |
| +42 | NYC Associate Budget | 14 | 1d |
| +36 | Nauseous every morning for past 3 years in IB, anyone else? | 21 | 1d |
| +36 | Quick Thoughts on CVC AI Sale Process | 7 | 1d |
| +31 | PJT M&A Group Selection 2026 | 4 | 5h |
| +29 | Going out / social schedule as AN1 | 14 | 3d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
smd
Everyone on WSO says that boutique IBD is best vs non-IBD in terms of internships, but honestly, I disagree with this.
If it's a brand-name front office internship that's relevant to IBD (ER or PE/HF/AM investment roles; basically anything involving deals or financial analysis), I really think you should go with the brand name internship over some boutique working on sub $100 million deals.
i agree with this, especially since you are a sophomore take the LAZ ER
Disclaimer: I went the boutique IBD route my sophomore year, and, although I didn't have the option, if I did, I would have chosen an IBD-relevant FO position at a brand name company.
Also, my advice is only for sophomore year internships. For junior year SA, I'd be a bit more iffy.
Yes, this is a special case here.
LAZARD would look fantastic on your resume.
I'm sure you can even spin you resume to look like you got some IBD exposure considering LAZ is much more IBD focused than ER.
If this is the Lazard ER Retail mall rat internship where you just visit malls all day and write updates on certain stores, then don't do it. I have friends who did it, it's useless BS work and you won't learn anything.
But if this is an actual legit front office Lazard ER internship, then absolutely go for it
Lazard...and given your interest in IB, reach out to summer analysts and full time junior/senior bankers in advisory for some informationals and to express your interest.
Omnis aut quis sed consequatur. Quidem illo molestiae ut consequatur nisi qui odit. Itaque quia autem amet cumque.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...