Lazard first round - Consisted of three parts
Hey peeps,
So i couldn't really find anything online to help me prepare for my interview. Hated the feeling of not knowing what to do. So thought i'll put something up to help others!
The first round basically consists of three parts:
1. Case study
2. Numerical test
3. Interview
The case study is surprisingly very straightforward. It does not require you to have any previous technical knowledge at all. It is also not very detailed- they've been incredibly fair in terms of giving everyone an equal shot of getting through. All they are looking for at this stage is how capable you are in summarizing information, presentation etc.
The numerical test is one of SHL's verification test- apparently its only notifies them if the score matches or is in line with the previous test you did. The thing about this that i found difficult was the fact that it was much more detailed. The questions to be honest are much easier (mostly percentages and ratios) but you have to work it out for each company etc. There are only 10 questions for this test.
Lastly, the HR interview really wasn't that bad. I wasn't entirely sure if they were going to assess my m&A knowledge so I made sure I read enough about issues affecting the M&A industry, deals that have been taking place/announced and a lot more about the company itself. But fortunately my interview was much simpler than I would have ever imagined. The two women interviewing me were incredible nice and friendly. They asked me basic competency questions like leadership, teamwork etc. And some career motivation questions like why Lazard etc!
All in all it was a really pleasant experience. I was terrified about the the whole process but it turned out to be pretty ok and a good learning experience. Just make sure you are yourself and confident about what you are saying, writing etc!
Good luck!!
As someone who went through Lazard 1st round interviews, none of this is true (at least for target schools). Interview was just a typical first round interview - mix of fit and technicals, pretty basic technicals at that. Heavier focus on fit, they were big on making sure you passed the airport test - they want normal guys. Passed first round and invited to super day, but had already accepted another offer by the Super Day date.
idiot didn't read the tags. i hope you're not in M&A, attention to detail is key!
yeah you're right - good thing I already got a job.
Can confirm that they are heavily focused on fit (lean deal teams will do that).
Technicals are more based on experience. I happened to be interviewing with someone from Laz Restructuring and had some experience working at a debtor, so I had a fairly technical interview. superday was less technical for me, and was heavily focused on fit, with basic technicals mixed with a couple of problem-solving questions. Also discussed the Facebook IPO valuation.
I was interviewing for NYC. Got the offer.
How long did they take to get back to you, in terms of getting through to the next round? (This is for the OP, with regards to London recruiting)
Hi Ssap0120, Thank you very much for sharing your insight! I received interview invite from Lazard and HR said it would be the three parts you mentioned as well.
Was yours for London? I m having mine very soon, and was wondering if you could provide me with more information regarding the case study please. I understand it's a few years back for you, but any info regarding the contents, structure or anything actually would help! Is it just writing on paper, or does it involve giving out presentation? people said different stuff to me, and it got me a bit confusing.
Thanks and I hope to hear from you soon!
Lazard NY first-rounds? (Originally Posted: 01/17/2013)
Hi--
Have any of you guys heard back from Lazard Freres NY about a first round? I had a phone screen at the end of last week. It seemed to go well, but I haven't heard anything about first-rounds/superdays. I go to a target that's a non-target for Lazard.
Thanks!
Just so you know, it's not called Lazard Freres anymore.
Is this for SA or FT?
SA.
And BTBanker, check out the 10-K. The non-middle market advisory subsidiary is still called Lazard Freres & Co.
target that is non-target for lazard is called semi-target?
at least, the reason i call my school semi-target is because some (many) top firms dont visit it, i could be wrong tho
animalz: My school is generally referred to as a target on WSO.
Lazard-Chicago is having first rounds next week.
Lazard first round - Many technicals? (Originally Posted: 01/11/2011)
I have a first round with Lazard this Thursday. What should I expect? Many technicals?
First of all, congratulations. I don't know about interviewing there, but I have heard the culture there makes other bulge brackets look like day care centers. Any truth to that?
I'd say a lot of technicals, though I guess I don't know that much if it's for a year 1 analyst. I interviewed for 3rd/2nd year analyst there and got hit with a ton of valuation questions, as well as specific RE questions (this was for REIB) about REITs etc.
Both interviewers I spoke with (2 separate rounds) were very smart and demanding... I like those guys!
Its for SA in a regional office btw..
.
Mixture of fit and technicals, one of the harder interviews I've had. Culture is tough but as an analyst it'll give you a hell of a reputation. Guys were pretty cool too.
Can't recall any specifics, but it was a combination of technicals and fit (no specific order). They do look at your resume pretty thoroughly though, so make sure that you can back up every little detail. In my case, one of the guys had a similar language background as I did, so we ended the interview speaking in a different language. So, make sure you are not overstating your skills. They generally seemed pretty nice though, not really like they were trying to trick you or catch you off guard, but this was 2 years ago, so things may have changed.
I've worked there, PM me and I can give you some specific questions they'll probably ask. Technicals are normally ok for 1st round. They are big on the strategy side of M&A, and how much you know about the firm.
afroman23
Afroman23,
I have a first round phone interview with them tomorrow afternoon. Would you be able to provide some last minute insight on some of the technicals they might ask before I have it? I feel fairly prepared, have focused mostly on accounting and M&A-related technical questions, but this insight would certainly be helpful.
Afroman23,
I have a first round phone interview with them tomorrow afternoon. Would you be able to provide some last minute insight on some of the technicals they might ask before I have it? I feel fairly prepared, have focused mostly on accounting and M&A-related technical questions, but this insight would certainly be helpful.
Afroman23,
I have a first round phone interview with them tomorrow afternoon. Would you be able to provide some last minute insight on some of the technicals they might ask before I have it? I feel fairly prepared, have focused mostly on accounting and M&A-related technical questions, but this insight would certainly be helpful.
afroman23,
I have a first round phone interview with Lazard this afternoon. If you have any insight on what sorts of technical questions may be emphasized, this would be very helpful. I have primarily been focusing on accounting and M&A-related technical questions, but any insight on your part would be very informative.
Houston office?
I recall more big picture situational questions rather than straight up Vault guide "technicals"
I heard from a source that they were changing up the interviews to move away from the classic ibanking interview. Can anyone confirm?
Apologies for multiple posts - my Internet connection has been timing out and resulted in duplicate posts as well as a second submission on my part.
Lazard 1st Rounds (Originally Posted: 02/02/2009)
Hey,
Just curious, has anyone heard about first rounds from Lazard? Anyone been through the process yet?
Thanks!
A little bit more technical than a BB, but pretty standard.
Mine was purely fit, not a single technical.
Mine was purely technical, not a single fit. Come to think of it didn't even really go into my resume.....
*moral to the story don't game it....know yourself and the technicals inside out
combination of technical and fit, more on the technical side. I would say that the technicals themselves were more heavy on accounting than finance - my interviewers even said that they didn't ask me valuation related questions because everyone memorizes and regurgitates the Vault guide. That being said, I don't think you should overlook any possible aspect and know that no interview is exactly the same as another.
it can depend who you interview with - my experience was the M&A bankers were super technical, but if you get someone from corp fin, will be mainly fit and pretty easy going - from there is depends on their feedback and a bit on where you might want to proceed groupwise
this was the case for me, but i was a non-target interviewing in nyc - did not have OCR
So bankers at Lazard are divided into M&A and Corporate Finance? I know they're very well known for their M&A, but what about their reputation for Corp Fin and its exit opportunities? What responsibilities would they have and is it still a good place to gain modeling experience, etc. Thanks for any advice.
Has anyone heard back about last week's final round?
Have a buddy at Cornell who heard back today extended an offer.
From what I've heard, if you don't have an offer by now (on hold you have somewhat of a chance), you're not likely to get anything.
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