Lazard Interview Questions

Updated Jun 15, 2014
Updated Jun 15, 2014
31 Interview Reviews

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  1. 1 person found this helpful  

    Stagiaire Interview

    Anonymous Interview Candidate in Paris (France)
    Anonymous Interview Candidate in Paris (France)
    Application Details

    I applied online. The process took 2 weeksinterviewed at Lazard in September 2013.

    Interview Details

    L'entretien pour un stage se déroule en 4 étapes : deux étapes avec des analystes et deux étapes avec des collaborateurs. Étant donné que c'était pour les Telecoms et l'équipe technique, les entretiens étaient orientés sur les aspects stratégiques des acteurs majeurs des Telecoms (AT&T, Verizon, Vodafone et pour la France : Orange, SFR Bouygues et Free). La récente cession par Vivendi de ses parts de Maroc Telecom (IAM) était le sujet principal de l'entretien car j'avais appris par un stagiaire que l'équipe travaillait actuellement sur l'affaire. À propos de la partie technique : les méthodes d’évaluation et les cas en comptabilité ont été brièvement abordés.

    Interview Questions
    • La question la plus difficile selon moi était : que mettriez-vous dans un pitch de présentation ?   Answer Question
    No Offer
    Positive Experience
    Difficult Interview
  2. 1 person found this helpful  

    Investment Banking Summer Analyst Interview

    Anonymous Interview Candidate in Chicago, IL
    Anonymous Interview Candidate in Chicago, IL
    Application Details

    I applied through college or university. The process took 2+ weeksinterviewed at Lazard in February 2013.

    Interview Details

    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?   View Answer
    No Offer
    Difficult Interview
  3.  

    Associate Interview

    Anonymous Interview Candidate
    Anonymous Interview Candidate
    Application Details

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

    Interview Details

    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 Details
    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.
    Accepted Offer
    Positive Experience
    Difficult Interview
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  5.  

    M&A Analyst Intern Interview

    Anonymous Interview Candidate in Amsterdam (Netherlands)
    Anonymous Interview Candidate in Amsterdam (Netherlands)
    Application Details

    I applied through college or university. The process took 2 weeksinterviewed at Lazard in October 2013.

    Interview Details

    Got in contact via campus recruitment. The employees from the Amsterdam office were very friendly and answered all questions. After a workshop on campus, for which there was CV selection, there was one more interview at the office. There were no really difficult questions in general, but the interviewers went quite into detail when it came to technical questions --> so be prepared!

    Interview Questions
    • Really know the intuitions behind every item in the free cash flow analysis, what happens if this goes up, this goes down, by how much etc. Know multiples very well. Give your forecast fo the M&A market in the next year, which industries might do well/poorly?
      Also, why don't you want to do consulting instead? What's so special about our firm, compared to competitors?
        Answer Question
    No Offer
    Positive Experience
    Difficult Interview
  6. 2 people found this helpful  

    Analyst Interview

    Anonymous Interview Candidate in London, England (UK)
    Anonymous Interview Candidate in London, England (UK)
    Application Details

    The process took a dayinterviewed at Lazard in November 2009.

    Interview Details

    Recruitment was organized by the Cornell Partnership. They conduct the first round interviews. If successful, you are invited to an assessment centre at the Lazard Offices.
    Structure of Assessment Centre:
    1. Numerical Test
    2. Group Exercises
    3. Cut
    4. 1:1 interview with two senior employees

    The offices are very nice and located in Mayfair. The people who interviewed me were really looking for a personal fit rather than your technical skills. As Lazard places very high importance on the strategic aspect of M&A transactions, commercial awareness is one of their number one criteria in selecting candidates.

    The analysts and associates I met during the networking lunch all seemed to be very happy about working at Lazard even though one of the employees told me that "the work is brutal". Nevertheless, he noted that it is extremely rewarding, especially in terms of the board level exposure you get.

    Interview Questions
    Accepted Offer
    Positive Experience
    Difficult Interview
  7.  

    Summer Analyst Interview

    Anonymous Interview Candidate in City of London, England (UK)
    Anonymous Interview Candidate in City of London, England (UK)
    Application Details

    The process took 3 weeksinterviewed at Lazard in February 2010.

    Interview Details

    When applying on their website I recall a standard mathematical aptitude test. Next step was a phone interview with an external recruitment firm. Quite technical to be a phone interview, with the interviewer asking detailed questions on the steps of a DCF valuation and which factors could affect the outcome. The final step was an assesment center at their London office, with approximately 25 applicatants fighting for what I believe were 7 spots. The day started off with a math test, after which we were split into groups of 8. In the group we recieved two separate cases which we were to discuss and present an outcome. The bankers present seemed to have created a pre-concieved picture of the candidates, as the criticism I recieved was that I didn't perform the way they would have wanted me to - not saying that I performed badly. After eating a lunch with a few of the analysts present, half the group was cut, and the other half had 1-1 interviews with MD's.

    Interview Questions
    • Which 6 people (from a list of appr. 20) would you choose to become the management of a newly formed firm?   Answer Question
    No Offer
    Neutral Experience
    Difficult Interview
  8. 1 person found this helpful  

    Analyst Interview

    Anonymous Interview Candidate in New York, NY
    Anonymous Interview Candidate in New York, NY
    Application Details

    The process took a weekinterviewed at Lazard in October 2010.

    Interview Details

    A lot of fit and mental math. Definitely need to know the basics of accounting and finance. They really want to know why IB because they expect you to stay on for 2 years. Very nice guys in general. Really have to show a passion for what you are applying to.

    Interview Questions
    • A lot of mental math. Be able to take percentage of numbers and quickly multiply.   Answer Question
    No Offer
    Positive Experience
    Difficult Interview
  9. 1 person found this helpful  

    Investment Banking Analyst Interview

    Anonymous Interview Candidate
    Anonymous Interview Candidate
    Application Details

    I applied through college or university. The process took a weekinterviewed at Lazard in October 2007.

    Interview Details

    On-campus interview
    Final rounds at the office (interviewed with 5-6 people)
    Asked basic banking questions: Why Banking? Why Lazard? Why you?
    Asked questions you can get from vault: How do you value a company? What are the ways? (and gets into more and more detail to see how well you know)
    Basic behavioral questions

    Interview Questions
    • You're a banker and you hate banking -- it'll take you a truck load of money to convince you to be a banker. How much money is in the truck?   View Answer
    Negotiation Details
    I negotiated for two weeks -- I wanted to be in the Restructuring group
    Accepted Offer
    Positive Experience
    Difficult Interview
  10.  

    Investment Banking Analyst Interview

    Anonymous Interview Candidate in New York, NY
    Anonymous Interview Candidate in New York, NY
    Application Details

    I applied through college or university. The process took a weekinterviewed at Lazard in October 2011.

    Interview Details

    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?   View Answer
    Reasons for Declining

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

    Declined Offer
    Neutral Experience
    Difficult Interview
  11. 3 people found this helpful  

    Analyst Interview

    Anonymous Interview Candidate in London, England (UK)
    Anonymous Interview Candidate in London, England (UK)
    Application Details

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

    Interview Details

    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
    Declined Offer
    Positive Experience
    Difficult Interview

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