M&A Internship (Q2 2027 - Master's Students Only)

Lincoln International, Inc. (NYSE: LCLN) is a trusted investment banking advisor to business owners and senior executives of leading private equity firms and their portfolio companies and to public and privately held companies. Our services include mergers and acquisitions advisory, private funds and capital markets advisory, and valuations and fairness opinions. The global enterprise is comprised of a tightly integrated team of more than 1,400 professionals in more than 30 offices in 14 countries, offering an unobstructed perspective on the global private capital markets, backed by superb execution and a deep commitment to client success. With extensive industry knowledge and relationships, timely market intelligence and strategic insights, we forge deep, productive client relationships that endure for decades. Connect with us to learn more at .

At Lincoln International, we know that the success of our global organization is a direct outcome of the strength of our people. We encourage diversity of thought and create talent density by attracting, retaining and engaging high performers from all demographics, backgrounds and perspectives. We value diversity, equity and inclusion as a catalyst to foster innovation and creative problem solving, access the best candidates and adapt to a highly dynamic, competitive environment. We know that employing a diverse team and valuing the unique perspectives of our people allows us to better understand and serve the needs of our clients.

Lincoln International is committed to creating a diverse environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status. We encourage you to read more about our commitment to diversity and Environmental, Social & Governance (ESG) efforts .

In Germany, our team comprises over 85 bankers covering a very broad range of sectors, including Industrials & Renewables, Consumer, Tech, Business Services and Healthcare, located in Frankfurt, Munich and Berlin. We are proud to consistently rank among the top in M&A league tables, especially for sell sides for private equity clients. In 2025, Lincoln International successfully advised on over 430 transactions worldwide.

To support our well established and still expanding team, we are looking for curious and driven final year Master students who would like to join us as interns for 3-6 months. Internship start will be April 2027. Our internships start on a quarterly basis and offer the chance to gain hands-on experience and valuable exposure to high-level financial advisory work, providing you as intern with the opportunity to develop key skills in a dynamic, fast-paced environment.

As part of the team, you will be equipped with a structured pre- and onboarding as well as development opportunities throughout the course of your internship – including for example our induction day, the mentoring program, intern pitch competition and networking events.

Duties & Responsibilities:

You will receive the opportunity to work alongside experienced bankers and be involved in all aspects of an M&A transaction - thereby develop a solid understanding of M&A processes. Key responsibilities include the following:

• Conducting market, industry and company research
• Supporting deal execution and contributing to the drafting of marketing materials such as teasers, information memorandums, and other relevant documentation,
• Carrying out financial analyses and assisting with valuations, identifying a buyer universe, participating in the due diligence and closing processes
• Involvement in pitch presentation preparation
• Supporting senior bankers with business development and meeting preparation

What else you can look forward to:

• Unrivalled deal flow and the corresponding extensive learning opportunities ranging from marketing efforts and origination to live projects and execution
• A true ‘mid-cap approach’, which means working in small deal teams within one or two sector groups, being able to grab different business models and experience a variety of different deal situations
• Entrepreneurial spirit and flat hierarchies, which will mean significant team exposure to seasoned bankers and the opportunity to make valuable contributions
• A steep learning curve in corporate finance, valuation and strategic thinking
• Training the Street, access to our Lincoln Learning Platform and our own Lincoln AI tool as development support

Following the successful completion of the internship, select candidates will receive offers to join as full time Analysts.

Qualifications:

• An exceptional, well rounded academic background, ideally in your final year of studies, with an openness to explore the opportunity of transitioning into a full-time Analyst role following the internship
• A genuine curiosity for business models and sectors, coupled with a good understanding of corporate strategy and themes, related to company growth and development
• Previous internships in Corporate Finance related fields that have nurtured your interest in accounting, Finance, M&A, and valuation which you know would like to develop further
• Great analytical skills and attention to detail, along with a willingness to develop and learn.
• A proactive and self-motivated approach, with a commitment to personal growth, whether through academic excellence, creative pursuits, or personal projects.
• Adaptability, dependability, and the ability to manage a dynamic workload
• Clear communication skills, with the ability to collaborate well with others, and a personally engaging manner
• An array of international experiences and perspectives
• Excellent written and spoken German and English skills, additional European Languages are a plus
• Proficiency in Microsoft Excel and PowerPoint

Important: Please add a transcript of your grades and any written references from previous internships (if applicable) to your Cover Letter in order to be considered.

Please note: All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

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Lincoln International is a trade name for Lincoln International, Inc. and its subsidiaries and affiliates, which include the following licensed entities: (i) Lincoln International LLC and MarshBerry Capital, LLC (United States), SEC-registered broker-dealers and a members of FINRA ( and SIPC ( (investment banking services) and (ii) Lincoln International LLP (FRN 474606) and IMAS Corporate Finance LLP (FRN 553889) (United Kingdom), authorized and regulated by the U.K. Financial Conduct Authority. No entity affiliated with Lincoln International, LP provides banking or securities brokerage services, nor is any such affiliate subject to FINMA supervision in Switzerland or similar regulatory authorities regarding such activities in other jurisdictions. Retail clients are NOT the intended recipients of our communications or services and should not act upon this communication.

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