Getting an Interview
Getting an Interview
Interviews for Top Jobs at Lazard
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I applied online. The process took 3 weeks – interviewed at Lazard in December 2011.
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.
- Please tell us about a time you have acted with integrity. Answer Question
Other Interview Reviews for Lazard
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I applied online. The process took 2 weeks – interviewed at Lazard in September 2011.
Invitation for interviews came the same day I sent my application. In total 4 Interviews (all levels of hierarchy), very pleasant people. Fit and technical quesitons (valuation, corporate finance) in all interviews.
- Please explain the APV valuation method conceptionally Answer Question