Private Equity Analyst Internships
Private equity analyst internships give university students, recent graduates, and early-career switchers hands-on experience modeling deals and evaluating investments, mentorship from working private equity analysts, and, at many employers, a path toward a full-time offer. Openings are concentrated across {{top_industries_phrase}}, with Augr, FCP, and RGA among the employers posting roles now.
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Our 10-week Summer Analyst Program – taking place exclusively in Austin – offers undergraduate students hands-on private equity experience with exposure to multiple funds. Summer Analysts will build skills in valuation, due diligence, deal execution and portfolio value creation.
Upon completion of the program, successful Summer Analysts may be considered for full-time opportunities beginning in Summer 2029. These roles are expected to be available in one of our primary office locations, including Chicago, IL; Austin, TX; or San Francisco, CA, subject to business needs and availability.
Application Process:
To be considered, please submit your application and complete the following items: research our funds and submit the application form indicating your fund preferences, and complete the online cognitive assessment. All items must be completed by November 17, 2026, at 11:55 P.M. CT. A link to the assessment will be sent automatically via email once your application is submitted, and completion of the assessment is a required part of our holistic evaluation process. The assessment is considered complete once you are returned to the iCIMS application portal.
Please be sure to finish all parts of the assessment. You must go through each assessment prompt until you’re sent back to the application portal. Your application will only show as complete once you’ve answered each question and returned to the portal.
To best prepare for the role and recruitment process, please visit our Forage job simulation page to complete a short job simulation. This exercise is designed to help you learn more about the private equity industry and step into the role of a PE analyst to learn how to evaluate deals, analyze financials and communicate investment insights.
- Conduct due diligence and support deal execution: Work with deal teams to evaluate potential software investments through industry research and financial and operating analysis. Turn your findings into materials the team uses to assess the opportunity, and support live transactions through coordination with outside advisors.
- Build core investing skills: Learn financial analysis, deal valuation, and how software businesses operate through formal training and day-to-day mentorship, with regular feedback on your work.
- Learn how Vista works: Meet colleagues across the firm and see how portfolio operations, fundraising, and other functions connect to the investment process.
- Enrollment in an undergraduate program, graduating between December 2028 and June 2029
- A strong track record of academic achievement and/or professional pursuits
- High personal and professional maturity
- The ability to internalize feedback and improve through coaching and training
- Strong quantitative and analytical capabilities
- Excellent interpersonal and communication skills
- Self-motivation and a high degree of initiative
- Exceptional work ethic and a deep sense of accountability
- The ability to work both independently and collaboratively
- Interest in financial markets and technology industry sectors and trends
Our 10-week Summer Analyst Program – taking place exclusively in Austin – offers undergraduate students hands-on private equity experience with exposure to multiple funds. Summer Analysts will build skills in valuation, due diligence, deal execution and portfolio value creation.
Upon completion of the program, successful Summer Analysts may be considered for full-time opportunities beginning in Summer 2029. These roles are expected to be available in one of our primary office locations, including Chicago, IL; Austin, TX; or San Francisco, CA, subject to business needs and availability.
Application Process:
To be considered, please submit your application and complete the following items: research our funds and submit the application form indicating your fund preferences, and complete the online cognitive assessment. All items must be completed by November 17, 2026, at 11:55 P.M. CT. A link to the assessment will be sent automatically via email once your application is submitted, and completion of the assessment is a required part of our holistic evaluation process. The assessment is considered complete once you are returned to the iCIMS application portal.
Please be sure to finish all parts of the assessment. You must go through each assessment prompt until you’re sent back to the application portal. Your application will only show as complete once you’ve answered each question and returned to the portal.
To best prepare for the role and recruitment process, please visit our Forage job simulation page to complete a short job simulation. This exercise is designed to help you learn more about the private equity industry and step into the role of a PE analyst to learn how to evaluate deals, analyze financials and communicate investment insights.
- Conduct due diligence and support deal execution: Work with deal teams to evaluate potential software investments through industry research and financial and operating analysis. Turn your findings into materials the team uses to assess the opportunity, and support live transactions through coordination with outside advisors.
- Build core investing skills: Learn financial analysis, deal valuation, and how software businesses operate through formal training and day-to-day mentorship, with regular feedback on your work.
- Learn how Vista works: Meet colleagues across the firm and see how portfolio operations, fundraising, and other functions connect to the investment process.
- Enrollment in an undergraduate program, graduating between December 2028 and June 2029
- A strong track record of academic achievement and/or professional pursuits
- High personal and professional maturity
- The ability to internalize feedback and improve through coaching and training
- Strong quantitative and analytical capabilities
- Excellent interpersonal and communication skills
- Self-motivation and a high degree of initiative
- Exceptional work ethic and a deep sense of accountability
- The ability to work both independently and collaboratively
- Interest in financial markets and technology industry sectors and trends
Private Equity Analyst Internship Market
Who's Hiring
Tips for Your Private Equity Analyst Internship Search
Apply for summer roles in the fall
Large private equity firms and investment banks open their summer analyst cohorts as early as August and September of the prior year, closing them months before the internship starts. Smaller firms and co-op programs post on a rolling basis, so check regularly rather than waiting for a single hiring season.
Build a portfolio before you need one
Private equity analyst intern recruiters want something concrete to assess, not just a list of classes. Build two or three financial models, valuation analyses, or investment memos using real public companies, document the tools and methodology, and make the work accessible so a reviewer can open it in under a minute.
Work your campus network and apply directly
Campus career fairs surface structured programs tied to your university, and professors or career center staff often know which firms recruit from your school before roles post publicly. At the same time, apply directly to smaller firms running their own cohorts, since many private equity employers never appear at university events.
Practice your technical screen out loud
Private equity analyst intern interviews typically include a modeling test, a valuation case, or a quick-math LBO walkthrough. Practice working through these problems while explaining your reasoning aloud, since interviewers weigh how you think through assumptions as much as whether the final number is correct.
Target structured summer analyst programs early
Major private equity firms, investment banks, and asset managers run formal summer analyst programs built to train people entering the field. These programs recruit months ahead of smaller firms, fill their cohorts fast, and are competitive. Identify the ones that fit your profile and get applications in during the first recruitment wave.
Set your work-type filter before you start
On-site roles are 100% of the private equity analyst internships listed here. Decide what you can realistically commit to before you search, then filter by location and work type so you're not sorting through roles in cities you can't relocate to or formats that don't fit your situation.
Private Equity Analyst Internships: Frequently Asked Questions
How do I get a private equity analyst internship?
Lead with coursework in finance, accounting, or economics and a portfolio of concrete work rather than a long employment history, since hiring teams expect limited experience at this stage. For private equity analyst candidates, that means documented financial models, valuation analyses, or investment memos reviewers can actually assess. Pair direct applications with campus career fairs, where recruiters often move faster for students they meet in person.
Can a private equity analyst internship turn into a full-time job?
Many employers extend return offers to strong interns, but conversion is never guaranteed. For private equity analyst interns, what drives it is performance on real deal work, available headcount when the offer window opens, and how early you signal continued interest to your manager. Treat the internship as an extended audition without counting on the outcome.
When should I apply for private equity analyst internships?
Earlier than most candidates expect. Large private equity and finance employers recruit summer interns the preceding fall, often closing cohorts before the calendar year turns. Smaller firms and co-op programs post closer to their actual start dates, so openings for private equity analyst interns appear year-round rather than in a single window.
Are private equity analyst internships paid?
Most professional private equity analyst internships in the United States are paid. Compensation varies by company size, industry, and location, and many listings show it where the employer chooses to disclose it, so you can compare opportunities as you search.
What should a private equity analyst internship resume include?
Lead with two or three complete, documented projects rather than work history: financial models, valuation case studies, or investment analyses with the tools used and links to the work where possible. Add relevant coursework in finance, accounting, or economics. Keep the resume to one page, since hiring teams at this level expect concision over volume.
Are there remote private equity analyst internships?
Yes. Remote and hybrid roles make up 0% of the private equity analyst internship listings here, with the rest on-site. Remote cohorts fill fast, so apply early and filter by work type to see them before they close.
What is a private equity summer analyst program?
Summer analyst programs are structured, cohort-based internships at private equity firms, investment banks, and asset managers designed specifically for rising juniors and seniors new to the field. They include deal exposure, training sessions, and mentorship from full-time analysts. These programs recruit in the fall for the following summer and are competitive, so apply in the first wave.
Can international students get private equity analyst internships?
Yes. F-1 students can intern through CPT while enrolled or through OPT work authorization after finishing a degree, and the employer does not have to file anything for either, so many companies are open to international interns. Confirm your eligibility and timing with your university's international student office before accepting an offer.
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