Internship Program – Debt Advisory

Start date : September 2026 ( 6 months )

Location : Paris

About Alvarez & Marsal

Alvarez & Marsal (A&M) is a global consulting firm with over 10,000 entrepreneurial, action and results-oriented professionals in over 40 countries. We take a hands-on approach to solving our clients' problems and assisting them in reaching their potential. Our culture celebrates independent thinkers and doers who positively impact our clients and shape our industry. The collaborative environment and engaging work—guided by A&M's core values of Integrity, Quality, Objectivity, Fun, Personal Reward, and Inclusive Diversity—are why our people love working at A&M.

The Team

A&M Debt Advisory supports Private Equity and Corporate clients through the economic cycle, providing high value-add advice on debt raising, capital structure optimisation and navigating challenging situations. Our deep relationships across the lender community enable clients to access a broad range of liquidity pools.

Our team includes highly respected ex-bankers and advisors with many years of expertise across the credit spectrum, working both with experienced borrowers and those approaching the debt markets for the first time. Members of the team have worked on transactions across all different types of borrowing instruments in both the private and public capital markets. Advice extends from optimising capital structures and reviewing financing options through to planning and execution including identifying potential lenders and investors, presenting the credit story and negotiating optimal terms for clients.

How You Will Contribute

• Work closely with our Managing Director and Senior Directors / Directors on on mandates and deal origination in France and internationally
• Participate in deal origination and assist the team in targeting potential clients
• Perform detailed sector and company research
• Prepare commercial documentations and business cases
• Support the team in the execution of mandates
• Balance multiple client projects and other responsibilities
• Communicate effectively to all levels of engagement management

Qualifications

We are looking for ambitious and talented individuals who meet the following criteria:

• Currently studying at a leading business school (“Programme Grande École”), Engineering School, Dauphine, or Sciences Po
• Prior experience in M&A, Leveraged Finance, Private Equity or Private Debt
• Strong understanding of debt instruments
• Strong analytical and problem-solving skills with attention to detail.
• Excellent verbal and written communication skills in both English and French
• Proficiency in Excel and Powerpoint and investment banking tools (Debtwire, Pitchbook, CapIQ etc.)
• Ability to prioritize tasks and perform under pressure in a fast-paced environment.
• Capacity to work fairly autonomously and capacity to work in a team
• A strong interest in consulting and private equity, with a desire to learn and grow in a dynamic team.

Your Journey at A&M

We recognize that our people are the driving force behind our success, which is why we prioritize an employee experience that fosters each person’s unique professional and personal development. Our robust performance development process promotes continuous learning, rewards your contributions, and fosters a culture of meritocracy. With top-notch training and on-the-job learning opportunities, you can acquire new skills and advance your career.

We prioritize your well-being, providing benefits and resources to support you on your personal journey. Our people consistently highlight the growth opportunities, our unique, entrepreneurial culture, and the fun we have together as their favorite aspects of working at A&M. The possibilities are endless for high-performing and passionate professionals.