Lazard Freres Interview Questions

56 total interview insight submissions
Interview Experience (95%)

The Interview Experience is a score from 1 star (very negative) to 5 stars (very positive) generated based on the Interview Insights at this company.

The number you see in the middle of the doughnut pie chart is the simple average of these scores. If you hover over the various sections of the donut, you will see the % breakdown of each score given.

The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few interview insights). Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire dataset.

3.8
  • Very Negative
  • Negative
  • Neutral
  • Positive
  • Very Positive
Interview Difficulty (99%)

The Interview Difficulty is a score ranging from very difficult (red) to very easy (green) generated based on the Interview Insights at this company.

The number you see in the middle of the doughnut pie chart is the simple average of these scores. The higher the number, the more difficult the interviews on average. If you hover over the various sections of the doughnut, you will see the % breakdown of each score given.

The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few interview insights). Simply put, as a company gets more insights, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire data set.

3.3
  • Very Easy
  • Easy
  • Average
  • Difficult
  • Very Difficult
% Interns - FT Offers (97%)

The % of Interns Getting a Full Time Offer chart is meant to provide a realistic estimate of the hiring practices of the company based on the reviews at this company.

The number you see in the middle of the doughnut pie chart is the simple average of these scores. If you hover over the various sections of the doughnut, you will see the % breakdown of each score given.

The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few reviews). Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to the simple company average and away from the average of the entire data set.

69%
  • 0%
  • 10%
  • 20%
  • 30%
  • 40%
  • 50%
  • 60%
  • 70%
  • 80%
  • 90%
  • 100%

Interviews at Lazard Freres

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Year
Job Title
Group/Division
Location
Experience
Difficulty
1st Year Analyst
Year 2023
Job Title 1st Year Analyst
Group/Division Generalist
Location New York
Experience
Neutral
Difficulty
Average
Intern
Year 2023
Job Title Intern
Group/Division Generalist
Location New York
Experience
Very Positive
Difficulty
Average
Summer Associate Intern
Year 2023
Job Title Summer Associate Intern
Group/Division Investment Banking
Location New York
Experience
Very Positive
Difficulty
Difficult
Summer Associate Intern
Year 2023
Job Title Summer Associate Intern
Group/Division Investment Banking
Location New York
Experience
Very Positive
Difficulty
Difficult
Intern
Year 2022
Job Title Intern
Group/Division Generalist
Location New York
Experience
Very Positive
Difficulty
Difficult
Intern
Year 2023
Job Title Intern
Group/Division Mergers and Acquisitions
Location New York
Experience
Positive
Difficulty
Difficult
Student / Prospective Monkey
Year 2023
Job Title Student / Prospective Monkey
Group/Division Investment Banking
Location
Experience
Very Positive
Difficulty
Difficult
Intern
Year 2022
Job Title Intern
Group/Division Investment Banking
Location Chicago
Experience
Very Positive
Difficulty
Average
Intern
Year 2023
Job Title Intern
Group/Division Mergers and Acquisitions
Location chiyoda ku
Experience
Positive
Difficulty
Easy
Intern
Year 2023
Job Title Intern
Group/Division Mergers and Acquisitions
Location New York
Experience
Positive
Difficulty
Average

Interview Questions & Answers - Lazard Freres Examples

PCA Full Time Analyst Interview - Generalist

Anonymous interview candidate in New York
Interviewed: September 2023
Date Submitted: Feb 04, 2024
Outcome
Declined Offer
Interview Source
Applied Online
Length of Process
1-2 months
Application
1 on 1 Interview
Interview
The recruiter reached out about the opportunity after I applied online. The first round was with a Managing Director on the team as a one on 1 Zoom call. Questions were about my interest in PCA and Lazard, along with behaviors. The next round was with two associates on the team; questions were more technical, centered around the secondary and primary market; again, I asked about my previous experience in secondary. Finally interview with another MD and VP on the vertical I would be working on.
Interview Questions
Describe a recent secondary transaction that took place.
Sample Answer

Summer Analyst Interview - Generalist

Anonymous interview candidate in New York
Interviewed: April 2023
Date Submitted: Dec 13, 2023
Outcome
No Offer
Interview Source
Employee Referral
Length of Process
Less than 1 month
Application
1 on 1 Interview
Interview
After networking, I applied online and was pleased to receive a first round interview. R1 was with an associate and was a mix of standard behaviorals (tell me about yourself, tell me about a time when you ___, why Lazard, etc) and technicals (I found them to be harder than BBs but easier than some other boutiques such as Evercore or Qatalyst). Interview also focused on the M&A deal process and the role that banks play in. Received a superday invite a few days after my first round for the week after. Superday was 3 interviews with VPs and MDs only. Less focused on technicals here, and more about why you think you are a good fit/candidate for Lazard. Last interview was quite conversational.
Interview Questions
Tell me about the M&A process and the role in which banks play (and how does this differ when the bank is advising a buyer vs seller)
Sample Answer

Summer Associate Interview - Investment Banking

Anonymous employee in New York
Interviewed: November 2023
Date Submitted: Dec 05, 2023
Outcome
Accepted Offer
Interview Source
In-person
Length of Process
2-3 months
Application
Phone Interview
1 on 1 Interview
Group Interview
Skills Test
Interview
interview process kicked off after cold emailing directors. was then connected with other bankers in the group and invited in for a super day after about 7 meetings/coffee chats. Super day typical, multi round process. very heavy on fit more than pure numbers. great culture all around.
Interview Questions
what is the most challenging aspect of an M&A negotiation
Sample Answer

Summer analyst Interview - Generalist

Anonymous interview candidate in New York
Interviewed: April 2022
Date Submitted: Dec 05, 2023
Outcome
Declined Offer
Interview Source
Applied Online
Length of Process
1-2 months
Application
Phone Interview
1 on 1 Interview
Interview
Standard first round interview 1 on 1 with an analyst to get a feel for culture fit as well as technical skills. Technical interview consisted of typical EB level inquiries (ie DCF, merger model, LBO), superday was 3 interviews from VP to MD covering both M&A & Rx employees that inquired about knowledge in their respective verticals. Culture seemed much different than decades ago, in the most positive way possible, could tell that culture fit was most important metric in determining offer.
Interview Questions
Went down a rabbit hole about Reverse Morris Trusts and the recent popularity behind them, advantages/disadvantages, and whether or not I would have advised a client to pursue one when considering 2 or 3 other alternatives to create the most shareholder value.
Sample Answer

Summer Analyst Interview - Mergers and Acquisitions

Anonymous employee in New York
Interviewed: April 2023
Date Submitted: Nov 29, 2023
Outcome
Accepted Offer
Interview Source
Employee Referral
Length of Process
Less than 1 month
Application
1 on 1 Interview
Interview
I had another offer on the table, and got an expedited process through an emplpoyee referral. I was given a superday invitation, and had 3 back-to-back interviews with senior bankers.
Interview Questions
Pitch me a stock
Sample Answer

Intern Interview - Investment Banking

Anonymous employee in
Interviewed: May 2023
Date Submitted: Oct 04, 2023
Outcome
Accepted Offer
Interview Source
College / University / On Campus Recruiting
Length of Process
Less than 1 month
Application
Group Interview
Interview
Went to an office visit and was able to speak to some of the Analysts, Associates, and VPs. Then was extended an invite to a super day the next day. Went through 2 rounds of interviews with 6 - 8 people in each. Firing off various behavioral and technicals.
Interview Questions
Calculate fully diluted shares outstanding at X stock price with 10 ITM contracts, Equity Value of 100 million, and 2500 shares outstanding,
Why Lazard?
Why this location?
What do you do outside of work?
How are the financial statements affected if you purchase a fixed asset for $10 cash and $10 debt?
Sample Answer

Summer Analyst Interview - Investment Banking

Anonymous employee in Chicago
Interviewed: March 2022
Date Submitted: Aug 30, 2023
Outcome
Accepted Offer
Interview Source
College / University / On Campus Recruiting
Length of Process
1-2 months
Application
Phone Interview
1 on 1 Interview
Skills Test
IQ / Intelligence Test
Interview
1st round phone screen consisting of solely technicals followed by 5 interview super day consisting of behavioral and technical interviews.
Interview Questions
Nothing very unexpected but be ready to discuss general markets in depth.
Sample Answer

M&A intern Interview - Mergers and Acquisitions

Anonymous interview candidate in chiyoda ku
Interviewed: July 2023
Date Submitted: Aug 13, 2023
Outcome
No Offer
Interview Source
Applied Online
Length of Process
1-2 months
Application
1 on 1 Interview
Skills Test
Interview
I submitted application via a local job-seeking platform and received invitation for an offline test ( some english multiple-choice reading questions and basic math questions written in Japanese, followed by an one-on-one interview with a 2nd-year employee (one hour). Interview questions include why finance why company, and some basic questions on the materials I submitted. The main work language is Japanese. 12 hours working hour per day is standard.
Interview Questions
All problems were standard and basic since they were looking for interns. It is not typical for japanese firms to ask technical problem, or anything that require any knowledge on finance. They hire based on your personality and motivations. So, definitely work on your stories, and how they are tied to the company.
Sample Answer

IB SA Interview - Mergers and Acquisitions

Anonymous interview candidate in New York
Interviewed: April 2023
Date Submitted: Aug 02, 2023
Outcome
No Offer
Interview Source
Employee Referral
Length of Process
Less than 1 month
Application
1 on 1 Interview
Interview
1 30 minute video first round interview followed by one virtual superday with 3 x 30 mins interviews
Interview Questions
Some questions on restructuring but not sure exactly what the question was asking
Sample Answer

Summer Analyst 2024 Interview - Investment Banking

Anonymous interview candidate in San Francisco
Interviewed: March 2023
Date Submitted: Apr 30, 2023
Outcome
No Offer
Interview Source
Employee Referral
Length of Process
2-3 months
Application
Phone Interview
Personality Test
Interview
As a candidate who had a phone interview with Lazard, I found the experience to be a mix of challenging behavioral and technical questions. The interview began with a brief introduction of myself and the interviewer, followed by a discussion about my background, experience, and skills.

The interviewer then asked a series of technical questions related to the job. These questions were challenging, but I felt prepared to answer them thanks to my prior research and preparation. The questions were designed to gauge my technical knowledge and analytical abilities, as well as my ability to think on my feet and solve complex problems.

After the technical questions, the interviewer asked a series of behavioral questions. These questions were focused on my past experiences and how I would react in different scenarios. The questions were designed to assess my communication skills, ability to work in a team, and my general approach to problem-solving.

Overall, I felt that the interview was well-structured and covered a good mix of technical and behavioral questions. Although it was conducted over the phone, I felt that the interviewer was engaged and interested in getting to know me as a person and as a candidate for the role.

At the end of the interview, the interviewer provided me with a chance to ask questions about the company and the role. They were open and transparent in their responses, which gave me a better understanding of the firm's culture, values, and work environment.

Overall, I found the interview to be a positive experience. Despite being over the phone, I felt that the interviewer was professional, respectful, and clearly committed to finding the best candidate for the role. I left feeling optimistic about the possibility of working at Lazard.
Interview Questions
Can you tell me the beta for a coin-flip?
Walk me through the sale of a technological contract across the three statements
Sample Answer