PE Performance Improvement Intern — Paris 6mo

Internship – Private Equity Performance Improvement (PEPI), Paris

Start dates: September 2026, January 2027, or March 2027

Duration: 6 months

Please indicate your preferred start date in your application.

About Alvarez & Marsal

Alvarez & Marsal (A&M) is a global consulting firm that takes a hands‑on approach to solving our clients' problems and helping them reach 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

You will join A&M’s Private Equity Performance Improvement (PEPI) team in Paris, which operates at the intersection of strategy, operations and finance across the full private‑equity lifecycle. The team supports private‑equity funds and their portfolio companies on pre‑deal due diligence, carve‑outs, merger integration, value‑creation plan development and post‑deal transformation.

We combine financial, operational and commercial analysis to identify and deliver measurable performance‑improvement opportunities. We leverage data, digital tools and AI as enablers of value creation for our clients and their portfolio companies.

How You Will Contribute

• Financial modeling and analysis: building and stress‑testing P&L analyses, business plans and value‑creation cases, including related cash‑flow projections.
• Value creation and performance analysis: working with operational, financial and commercial data to identify, size and prioritise cost‑reduction, margin improvement, cash‑generation and growth opportunities for pre‑deal and post‑deal value‑creation plans.
• Transaction and due diligence support: supporting operational and commercial due diligence, data‑room reviews, KPI analysis and identification of key risks and upside opportunities under deal timelines.
• AI‑enabled value creation: identifying and applying AI as a lever and enabler of value creation and performance improvement, including to accelerate analysis, enhance decision‑making, improve operational efficiency and support practical client solutions.
• Reporting and communication: translating analysis into clear, structured outputs, including executive‑level presentations, performance dashboards and actionable recommendations for senior stakeholders.

Throughout the internship you will work alongside the team—from analysts to Managing Directors—with regular feedback that allows you to deepen your modelling, problem‑solving, communication and consulting skills in a live private‑equity and portfolio‑company environment.

Qualifications

• Currently studying at a leading Grande École, engineering or business school, or a top university, including double‑degree profiles in engineering and business.
• Strong quantitative and analytical skills, with sound attention to detail and comfort handling financial, operational and commercial data.
• Excel proficiency, with some experience in financial modelling; Python or other analytics & coding tools are a plus.
• Curiosity and practical interest in how AI and digital tools can act as enablers of value creation, performance improvement and better client outcomes.
• Ability to prioritise and perform under pressure in a fast‑paced environment.
• Excellent verbal and written communication skills in both French and English; additional European languages such as Dutch, German, Italian or Spanish are a plus.
• A strong interest in private equity, operational performance and value creation in portfolio companies.
• Entrepreneurial mindset, intellectual curiosity and a genuine interest in making a measurable difference for clients.

Recruitment Process

• An online psychometric test and an Excel test
• An interview with our HR team
• Two interviews with members of the PEPI team

Culture & Values

At Alvarez & Marsal, our core values of Integrity, Quality, Objectivity, Fun, Personal Reward and Inclusive Diversity guide everything we do. We trust our people to take ownership early, contribute to meaningful challenges and drive results that matter. We empower growth and champion diverse perspectives. Above all, we value doing the right thing.

Equal Opportunity Employer

It is Alvarez & Marsal’s practice to provide and promote equal opportunity in employment, compensation and other terms and conditions of employment without discrimination because of race, colour, creed, religion, national origin, ancestry, citizenship status, sex or gender, gender identity or gender expression, sexual orientation, marital status, military service and veteran status, physical or mental disability, family medical history, genetic information or other protected medical condition, political affiliation or any other characteristic protected by and in accordance with applicable laws.