Lazard Interview Questions

Updated Jul 21, 2015
42 Interview Reviews

Interview Experience

Interview Experience

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Getting an Interview

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Candidate Interview Reviews

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  1.  

    Investment Banking Associate Interview

    Anonymous Employee in New York, NY
    No Offer
    Positive Experience
    Average Interview

    Application

    I applied through an employee referral. The process took 3+ monthsinterviewed at Lazard (New York, NY) in April 2015.

    Interview

    First round by phone, 4 to 5 interviews by video conference, one technical interview (case - straightforward questions about valuation, basic qualitative questions, accretion and dilution analyses). During the super-day 8 presidential interviews (tell me about yourself, why banking, why Lazard, tell me about some of the recent deals this office has done, etc.). All the process was very friendly.

    Interview Questions

    • Many behavioral questions. Why would someone invest in a AAA bond with a negative yield?   Answer Question
  2.  

    Investment Banking Summer Analyst Interview

    Anonymous Interview Candidate
    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
  3.  

    No Offer

    Interview

    We had interviews on campus as part of our school's recruitment process.

    Interview Questions

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  5.  

    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.

  6.  

    Summer Analyst Interview

    Anonymous Employee
    No Offer
    Average Interview

    Application

    I applied online – interviewed at Lazard.

    Interview

    Phone interview and then superday

    Interview Questions

    • All pretty easy run of the mill technical and behaivoral questions. why IB why lazard pitch a stock walk me through a dcf and then specific questions about steps in the dcf   Answer Question
  7. Helpful (1)  

    Investment Banking Summer Analyst Interview

    Anonymous Employee in Chicago, IL
    No Offer
    Difficult Interview

    Application

    I applied through college or university. The process took 2+ weeksinterviewed at Lazard (Chicago, IL) in February 2013.

    Interview

    Applied through college career site. At first, I was declined a interview, but later on accepted an interview. Met with a 3rd year analyst and 1st year associate. They seemed to be playing good cop/bad cop. Asked standard behavioral and technical questions but seemed pretty uninterested in being there interviewing.

    Interview Questions

    • Which one has a higher discount rate, DCF or LBO?   2 Answers
  8.  

    No Offer
    Positive Experience
    Average Interview

    Interview

    Was interviewed by 2 guys, one associate and one junior analyst. The interview was very laid-back, mostly fit questions like going through my resume, why I wanted to work in investment banking, which sectors I was interested in and so on. They were both very nice, no good cop, bad cop. They did throw in some technical questions, but they were basic accounting questions.

    Interview Questions

    • How do the three financial statements work?   2 Answers
  9.  

    Summer Analyst Interview

    Anonymous Employee in Houston, TX
    No Offer
    Neutral Experience
    Average Interview

    Application

    I applied through college or university. The process took 1 dayinterviewed at Lazard (Houston, TX) in January 2012.

    Interview

    30 minute interview, 2 bankers present, conducted on-campus. More emphasis on "fit" than other banking interviews. I was asked 2 finance questions that were not complex. (1 accounting, 1 valuations) I happened to grow up in Houston and attended private school from preschool through high school. I mentioned this as an offhand comment, and one of the interviewers actually wrote it down. Do they really care where I went to preschool? Also, they had a good cop/bad cop attitude. Having done behavioral/fit interviews for other industries, I didn't think it was that bad, but it caught some others off-guard, who were expecting more of a focus on the financial questions.

    Interview Questions

    • You just sold an asset worth $200M. Walk me through the three financial statements.   2 Answers
  10.  

    Investment Banking Analyst Interview

    Anonymous Employee in New York, NY
    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.

  11.  

    Analyst Interview

    Anonymous Employee in Chicago, IL
    No Offer
    Negative Experience
    Difficult Interview

    Application

    I applied through college or university. The process took 1 dayinterviewed at Lazard (Chicago, IL) in February 2011.

    Interview

    Went in without much of a corporate finance background, and got peppered with quantitative financial questions despite saying up front that my classes were mainly just economics. So kind of a struggle to keep going through all these concepts I hadn't heard of before.

    Interview Questions

    • Some corporate finance questions   1 Answer
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