Evercore Partners Investment Banking Internship Program
Ranked #1 for Best Banking & Finance Internship
Evercore Partners is a boutique investment banking firm founded in 1996 by Roger Altman, a veteran of Blackstone and the U.S. Treasury. Evercore went public in August 2006 with an IPO of $82.9 million. It's revenues increased by 47% in 2006, and net income rose 80%. Since that time the firm has grown into an elite investment banking and management firm in the U.S., with over 950 employees.
The firm's business includes corporate advisory (mergers and acquisitions, capital raising, and restructuring advisors) with an emphasis on large multinational corporations. In addition, the firm is involved in equity sales, trading, and research and provides money management services to high-net-worth individuals and institutional investors.
According to Vault.com, Evercore Partners ranked #1 for Best Banking & Finance Internships, #2 for Best Internships for MBA Candidates, and #5 for Best Overall Internships. According to Glassdoor.com current employees say “Great mentors, high-level exposure to senior management, active participation encouraged, working in teams, ability to take on additional responsibility above your current level, incredible learning environment.” Others in this category include Goldman Sachs, Jefferies & Co., Greenhill & Co., Centerview, and Moelis & Co.
Internships at Evercore
The Evercore program is a paid internship, with a duration of 6-12 weeks depending on the assignment. The program is open to college juniors and MBA candidates who are working on a degree in Business. The program is designed to provide both undergraduate and MBA students with experience in mergers and acquisitions, as well as to become strategic advisors. Evercore hires between 21 and 50 interns each summer. Interns work on a variety of assignments including restructuring, recapitalizations, acquisitions, divestitures, partnerships and joint ventures.
Interns are responsible for a variety of tasks including attending client meetings, developing financial models, industry analysis, process management, and execution of transactions. They are challenged to take on as much responsibility as they are comfortable handling. Summer interns work in conjunction with a full-time colleague, but are also given the opportunity to work independently; and, as such; are responsible for a large portion of the team's analytic work.
The Evercore Internship Program is a great way to gain experience and is one of the primary vehicles the company uses to hire full-time employees. As an example, every analyst in the Evercore Summer Program for the past three years has accepted full-time offers.
- Senior bankers take an active role in mentoring young bankers.
- Firm social events are held about once a week over the course of the summer.
Office locations include Los Angeles, CA; San Francisco, CA; Washington, DC; Boston, MA; Waltham, MA; Minneapolis, MN; New York, NY; Houston, TX; Mexico City & Monterrey, Mexico, London & Aberdeen, United Kingdom, and Hong Kong.
Investment Banking Summer Analyst and Associate Program
The Investment Banking Summer Analyst and Associate Program is a broad-based program designed to give students exposure to a wide range of investment banking scenarios. Evercore Partners seeks interns with a strong interest in investment banking. Students must have a desire to work in a small environment and be willing to accept tangible responsibilities.
Evercore is interested in candidates who can think critically and independently, have strong technical and analytical skills, are flexible and adaptable, and able to interact professionally and socially with clients and colleagues.
• Must have completed junior year in college or first year of a full-time MBA.
• Possess superior analytical abilities.
• Solid interpersonal and communications skills and ability to articulate ideas.
• Strong work ethic.
• Outgoing, goal-oriented character.
How to Apply at Evercore Partners
Resume and cover letter are required to apply. Summer internship resumes are reviewed in December and January. If Evercore recruits on your campus, you must apply online through your university's career website. Other candidates may apply on their website.
The normal interview process is a two-on-one interview and the interviewers will help walk you through if you find yourself stuck. Recent interns said they were asked questions about valuation, along with detailed questions about their previous summer internships, so preparation in interview skills is key.