Lazard Interview Questions

Updated Apr 10, 2015
Updated Apr 10, 2015
16 Interview Reviews

Interview Experience

Interview Experience

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16 Candidate Interview Reviews Back to all Interviews

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  1.  

    Investment Banking Summer Analyst Interview

    Accepted Offer
    Accepted Offer

    Interview

    First rounds were conducted on campus, contacted the same evening to attend a Superday at the office. Relatively straightforward questions on valuation and basic qualitative questions (tell me about yourself, why banking, why Lazard, tell me about some of the recent deals this office has done, etc.). Superday was 3 hours long.

    Interview Questions

    • Explain to me why one company may have a higher multiple (any multiple of choice) than another   Answer Question
  2.  

    Investment Banking Intern Interview

    Declined Offer
    Declined Offer

    Interview

    The first round interview was about 30 minutes long and consisted of questions about my resume and background. Then in the rest of the interview, the interviewer described the type of work that the job entailed and what type of person would be a good fit. There were no behavioral or technical questions in this first round.

  3.  

    Investment Banking Analyst Interview

    Declined Offer
    Neutral Experience
    Difficult Interview
    Declined Offer
    Neutral Experience
    Difficult Interview

    Application

    I applied through college or university. The process took a weekinterviewed at Lazard (New York, NY) in October 2011.

    Interview

    Normal on-campus recruiting process. First round was a two-on-one interview with Associates. Mainly technical questions, fairly intense. One interviewer would ask a question and the other would interrupt my response with another technical question. They were nice enough guys though, as after I answered a bunch of technicals correctly the tone of the interview shifted and became much more lighthearted. Nothing unexpected though. Invitation to superday a few days later. Superday consisted of 4 one-on-one interviews with VPs and Associates. Fewer technical questions, more fit questions as well as some brainteaser/probability questions.

    Interview Questions

    • standard valuation, accounting questions. ex: can you have negative enterprise value, etc?   Answer Question
    • why lazard?   1 Answer

    Reasons for Declining

    Have heard bad things about culture and bonuses. Had another offer at a similar firm.

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  5.  

    Spring Analyst Interview

    Accepted Offer
    Positive Experience
    Average Interview
    Accepted Offer
    Positive Experience
    Average Interview

    Application

    I applied online. The process took 2 weeksinterviewed at Lazard (London, England (UK)) in January 2015.

    Interview

    competency mainly, phone then in person, phone interview was ok, was asked what an independent bank was, in person was a group with one hr person and two bankers who asked questions about competency stuff but also about why i chose lazard and not other banks. Also asked why i wanted to be involved in m and a and investment banking.

    Interview Questions

    • give us an example of where you have applied old knowledge to a new situation   Answer Question
  6.  

    Spring Week Interview

    Accepted Offer
    Positive Experience
    Average Interview
    Accepted Offer
    Positive Experience
    Average Interview

    Application

    I applied online. The process took 4+ weeksinterviewed at Lazard (London, England (UK)) in January 2015.

    Interview

    15 minute telephone interview-competency heavy
    45 minute final round at their London office-mix of technical and competency-emphasis on understanding your character. One HR member, and one VP made up the interview panel

    Interview Questions

  7. Helpful (3)  

    M&A Intern Interview

    Accepted Offer
    Average Interview
    Accepted Offer
    Average Interview

    Application

    I applied through an employee referral. The process took 2+ monthsinterviewed at Lazard (Beijing, Beijing (China)) in October 2013.

    Interview

    College alum forwarded my resume to the HR department. Got a phone call from Beijing Office in a week. Attended written test in the following week. Invited for in-person interview in 1+ months.

    Interview Questions

  8. Helpful (2)  

    Associate Interview

    Accepted Offer
    Positive Experience
    Difficult Interview
    Accepted Offer
    Positive Experience
    Difficult Interview

    Application

    I applied through a recruiter. The process took 4+ weeksinterviewed at Lazard.

    Interview

    At least 2 initial interviews with recruitment consultant. About 4 interviews with progressively senior team members at the company. The first interview was quite long, perhaps 2 hours. The last with 2 senior managing partners, was about 5 minutes.

    Interview Questions

    • I was given some quite specific "game theory" type questions, along the lines of the Prisoners' Dilemma, not so much to give a "correct" answer, but more for them to see how I thought through a logical, ethical, business problem   Answer Question

    Negotiation

    I was offered a pretty attractive package. I did not negotiate on the salary, but I did on some of the benefits. I got everything I asked for.

  9.  

    Praktikant Interview

    Accepted Offer
    Positive Experience
    Average Interview
    Accepted Offer
    Positive Experience
    Average Interview

    (Translated from English)

    Application

    I applied online. The process took 1+ weekinterviewed at Lazard (Frankfurt am Main (Germany)) in December 2012.

    Interview

    Eine Interviewrunde mit etwa 4 Bankern - 2 Analysten, 1 Gesellschafter, 1 Vizedirektor. Interview lief ziemlich normal ab - sind mit mir meinen Lebenslauf durchgegangen, fragen über Schule, Universität, vorige Praktika, Aktivitäten außerhalb des Studiums, warum ich ins Investment-Banking will, warum ich mich bei Lazard bewerbe und was ich mir von dem Praktikum verspreche. Technische Fragen sind ziemlich einfach, die Denkaufgaben ebenso.

    One interview round with about 4 bankers - 2 analysts, 1 associate, 1 vp. Interview process went by pretty standard - walk me through your resume, questions about high school, university, previous internships, extra curricular activities, why I want to do investment banking, why I choose to apply for Lazard and what I want to gain through that internship. Technical questions are fairly easy and so are the brain teasers

    Interview Questions

    • Es ist jetzt 12:15, in welchem Winkel stehen der Minuten- und der Stundenzeiger zueinander?   It's 12:15, how many degrees are the minute and hour hands apart?   1 Answer

    Negotiation

    -

  10. Helpful (2)  

    Intern Interview

    Accepted Offer
    Positive Experience
    Difficult Interview
    Accepted Offer
    Positive Experience
    Difficult Interview

    Application

    I applied online. The process took 3 weeksinterviewed at Lazard in December 2011.

    Interview

    No CV is required by Lazard in the UK. 4 competency questions (including one on valuation were submitted), and was invited very quickly to sit numerical and verbal tests.

    The same day as the tests were completed, I was invited for a first round interview to take place a week later. This was a 1:1 interview with HR. It covered standard competency questions but with a bias towards Lazard's defining principles - I was asked numerous questions about times I had acted honestly and with integrity. There was also some very, very basic technical questions (difference between a merger and an acquisition, signs of a successful acquisition/merger, etc).

    Upon being successful in this round, I was invited to an AC. Unlike other banks ACs, Lazard's do not involve interviews, and there is a final stage after this. The AC consisted of a resit of the numerical test, a group exercise where we were each given a different company to consider as an acquisition target, and a solo presentation. The group exercise did not require any valuation methodologies, was was more about operational synergies. The solo presentation was a roleplay where I was the IB, and involved somewhat more of a technical element, but still nothing at all detailed.

    Final round involved 2 interviews with VPs. These were 30 minutes each and were probably the 'deepest' interviews I had in a bank. Standard competency questions were used for the first few minutes but then each went with its own flow. In one they pushed my technical knowledge as far as they could take it but without trying to shake me.

    My overall impression was that Lazard's primary concern with candidates is commercial awareness. This was the defining principle of the extended interviews, and I was asked to go in depth on M&A deals I was interested in and how they affected the businesses involved/the rationale behind them.

    Interview Questions

    • Please tell us about a time you have acted with integrity.   Answer Question
  11. Helpful (5)  

    Analyst Interview

    Declined Offer
    Positive Experience
    Difficult Interview
    Declined Offer
    Positive Experience
    Difficult Interview

    Application

    I applied online. The process took 3 weeksinterviewed at Lazard (London, England (UK)) in November 2011.

    Interview

    1. Online application via Lazard website
    2. Numerical reasoning test (online)
    3. Verbal reasoning test (online)
    4. First-round interview
    -- This consisted of a written case study, a numerical test and a 1:1 interview with HR
    5. Assessment centre
    -- There were 6 people in my assessment centre
    -- The day began with lunch and a chance to speak with current analysts, then a group discussion exercise and finally a 1:1 presentation task
    6. Final round interview
    -- The final round comprised two 1-hour interviews with Directors (one fit, one technical)

    Interview Questions

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