Evercore Internship

Evercore Internship – How to Apply

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If you choose an Evercore internship, you have chosen a step toward a career in investment banking. As an undergraduate or MBA student of Finance and Accounting, or other related courses, you need more than solid grades and being involved in extracurricular activities to secure an Evercore Internship. You must develop a strategy to be the best among your contemporaries. Please research, find out what Evercore looks for in its interns, and prepare yourself for an experience of a lifetime.

Evercore is known to invest in its interns, especially if they are worth the effort. Many Evercore interns have transitioned to full-time employment at the firm after their graduation. It all starts with an Evercore internship, but with a little effort, it can be a step in the right direction toward a career in investment banking.

About Evercore Internship

The internship program at Evercore is a 10-week training and work exercise for undergraduates and MBA students who are interested in investment banking. Undergraduates in their penultimate year of study can intern with the firm under the Evercore Advisory Summer Analysts position, while MBA students in their first year of study join the Evercore Summer Associate Program.

The internship begins with one week of practical training in the investment banking industry. After that, interns experience the uniqueness of Evercore by being part of the team and doing what investment bankers do – research and analysis, financial modeling, attending client meetings, and participating in mergers and acquisitions—all these, of course, with supervision from senior staff. Most often, exceptional interns receive an offer of full-time employment at the end of this period. For this reason, the firm starts early, giving its interns mentors who groom them and involving them in weekly activities like social events and luncheons.

Overview of Evercore

Evercore is an investment bank based in New York, established in 1995. The firm has branches throughout North America, Europe, South America, and Asia. It advises clients on mergers and acquisitions and helps them dispose of or sell their assets if they so wish. In addition, Evercore provides investment companies with research and information and assists them in executing buy and sell orders.

What does Evercore look for in its interns?

As far as internships go, Evercore looks for the most outstanding students who demonstrate the following traits:

  • Students of Business, Economics, Accounting, Engineering, or related courses
  • An apparent interest in investment banking
  • A remarkable academic record
  • Critical and analytical thinking ability
  • Strong communication skills
  • Strong time management skills
  • Ability to work on different tasks within a given period
  • Thoroughness and commitment to work
  • Good team spirit
  • Integrity, respect, and honesty

Eligibility criteria for an Evercore Internship

Apart from the soft skills listed above, Evercore accepts students who have the following criteria

For Evercore Summer Analyst Program

  • Open to college juniors from all majors
  • Students must demonstrate acceptable knowledge of or interest in finance

For Evercore Summer Associate Program

  • Open to 1st year MBA students
  • Students must have 3-5 years of work experience before earning an MBA
  • Students must be interested in working in the finance industry

How to Apply for an Evercore Internship

You must apply online for an Evercore internship at the Evercore company website. However, you can send your application through your school’s system if selected from campus. Here is the application process.

#1. Apply online

You must submit a well-crafted resume and cover letter for your online application. Remember that if you have previous internship experiences, you can list them on your resume.

A good cover letter complements a well-written resume. Here’s how to assemble the best cover letter for an internship.

#2. Attend a Pre-recorded Video Interview

Suppose your CV and cover letter satisfies the requirements of the screening exercise. In that case, Evercore will contact you to complete a pre-recorded video interview that will last about 30 minutes.

#3. Attend a Live Interview

After the pre-recorded interview, you will be invited for a live video interview with an Evercore representative if you are successful. Please read extensively for this, taking note of likely questions that may be outside the finance and investment sphere.

#4. Assessment day

You’re almost there; just one more step to go. That’s the assessment day. If you successfully complete the first three stages, you will receive an invitation from Evercore. The final interview will be a meeting with senior bankers who will assess you during breakfast, group activities, and a pre-recorded presentation.

#5. Offer stage

Feedback is essential for communication to be complete. At Evercore, whatever the outcome of your application, you will receive feedback within 48 hours of the assessment day. So prepare your mind for whatever comes, and take it in your stride. It will likely be good news.

Frequently Asked Questions about Evercore Internship

What are the best aspects of working at Evercore Partners?

The best aspect of your internship at Evercore is a career opportunity after graduation. Evercore offers exceptional interns employment even before they conclude their internships. In addition, current employees give good reviews about Evercore. From these, it is evident that interning at Evercore provides a unique opportunity to learn enough to decide if you want to have a career in investment banking after graduation.

What is unique about Evercore?

One thing that sets Evercore apart from other investment banks in its league is that it does not encourage its staff to work extra hours after work. The organization calls it a no-facetime policy. The result is that employees who deliberately stay back after work, claiming to work extra hours, do not get special bonuses. This policy is because Evercore encourages its staff to spend as much time with their family as possible, knowing that investment banking is demanding and busy. Often, it is challenging to balance work with other aspects of life.

What is the salary of an Evercore Intern?

Interns at Evercore enjoy a reasonable salary compared to their counterparts in other firms. For example, the average salary for interns in the accounting and finance category is $30,000. At Evercore, interns enjoy an hourly stipend of $15 per hour at 40 hours per week. Annually, this amounts to about $31,200.

What is it like to work at Evercore Partners for your internship?

Current staff at Evercore assure interns that there can be no better place to learn than at the firm. Working at Evercore is an everyday enjoyable experience because it is one big family where teamwork is the only way. In addition, everyone at Evercore is intelligent, exceptional, and willing to teach you what you need to know to be the best intern.

What is the duration of an Evercore Internship?

Evercore internships typically last ten weeks in the summer. Eligible candidates are undergraduates nearing their final year of studies and first-year MBA students.

Conclusion

If Evercore chooses you, be prepared to put in long hours of hard work and research. Then, you can work in one of the best investment banks in America, with a good salary and other benefits. Evercore hires quality undergraduates for internships and gives them the tools to grow and excel, gradually becoming fit enough to be recruited after graduation. This is what makes Evercore unique. This is the Evercore Internship.