Legg Mason Interview Questions

7 total interview insight submissions

Interview Experience (92%)

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.

4.1
  • Very Negative
  • Negative
  • Neutral
  • Positive
  • Very Positive
Interview Difficulty (91%)

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.

3.1
  • Very Easy
  • Easy
  • Average
  • Difficult
  • Very Difficult
% Interns - FT Offers (14%)

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.

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

Interviews at Legg Mason

YearPositionLocationGroup/DivisionExperienceDifficulty
2017InternBaltimoreGeneralistPositiveAverage
2015Performance and Database managementNew YorkInformation Technology (IT)Very PositiveEasy
2014Equity Research InternBaltimoreHealthcarePositiveVery Easy
2014Healthcare Equity Research InternBaltimoreEquity ResearchPositiveDifficult
2014Healthcare Equity Research InternBaltimoreEquity ResearchPositiveDifficult
2014Healthcare Equity Research InternBaltimoreEquity ResearchPositiveDifficult
2014Healthcare Equity Research InternBaltimoreEquity ResearchPositiveDifficult

Intern Interview - Generalist

Anonymous interview candidate in Baltimore

Outcome

No Offer

Interview Source

College / University / On Campus Recruiting

Length of Process

1-2 months
Interviewed: November 2017

Application

Phone Interview
1 on 1 Interview
Personality Test
Drug Test
Background Check

Interview

Was emailed by HR, then set up a phone interview. After that, in person interviews. Those lasted about 5 hours total.

Interview Questions

Most of the questions were behavorial, with some related to my coursework in college. Was asked who I would choose to eat a meal with if I could choose anyone in the world. The only technical questions that were asked were a couple of probability questions, the toughest one being: You have two sealed envelopes. One has m dollars, the other has 2m dollars. You receive one of the envelopes, and I get the other one. Would you switch with me, if given the choice to? And if we do switch, would you switch back for the same reason?

Performance and Database management Interview - Information Technology (IT)

Anonymous interview candidate in New York

Outcome

No Offer

Interview Source

Applied Online

Length of Process

Less than 1 month
Interviewed: 2015

Application

Phone Interview
1 on 1 Interview

Interview

I had a phone interview with a recruiter for a prescreen. Then two days later I had 3, 1 on 1 interviews with the manager and two people who worked with her. The interviewers wanted to know my skillset and how it would apply to the job. Everyone was very friendly and it was a positive interview experience.

Interview Questions

No difficult or unexpected questions the interviewer just wanted to know what my experiences are. And since wallstreet oasis needs a longer answer for this questions I'm just typing this out.

Equity Research Intern Interview - Healthcare

Anonymous employee in Baltimore

Outcome

Accepted Offer

Interview Source

College / University / On Campus Recruiting

Length of Process

2-3 months
Interviewed: March 2014

Application

1 on 1 Interview
Personality Test
Background Check

Interview

The company posts internships on their website and generally didn't seem to me to actively go out and recruit as much as other firms I applied to (this was specifically for Legg Mason Investment Counsel). I went to a networking presentation at my school where an employee (and an alum) came to speak, and I stayed in touch with that employee for many months afterwards constantly discussing the internship or asking for updates. Was called in for an interview which was very basic; essentially to read through a company's financial statements and state what is alarming / positive and which way you think the stock will move; he also asked certain questions pertaining to the financial statements.

Interview Questions

What is the company's gross margin? Was given the financial statements of the company and he had me walk him through the financial statements and what would affect what.
What other factors are important to consider (besides the financial statements in front of me) as to which way the company's stock will move?

Healthcare Equity Research Intern Interview - Equity Research

Anonymous interview candidate in Baltimore

Outcome

No Offer

Interview Source

Employee Referral

Length of Process

1-2 months
Interviewed: June 2014

Application

Phone Interview
Presentation
Skills Test
Background Check

Interview

The process first consisted of a phone conversation about the position and my interest. I then completed a timed test consisting of basic math skills and financial statement knowledge. After the test was completed, I had another phone conversation in which I was questioned about my opinion on the future of the healthcare sector and how I would go about picking a biotech company to invest in. We also discussed a recent DCF I made for a large pharmaceutical company. The phone interviews were very informal and they flowed like a normal conversation.

Interview Questions

Do you believe that the healthcare sector is overvalued as a whole?
Which of the big pharmaceutical companies do you think needs to make an acquisition, and why?
Explain how you picked your revenue projections in your DCF.
When looking to invest, would yo do a bottom-up approach or a top-down approach and pick a certain sub-sector, and why?
Can you explain how a drug gets approved by the FDA and which phase do you think is most important when researching a companies drug pipeline?

Healthcare Equity Research Intern Interview - Equity Research

Anonymous interview candidate in Baltimore

Outcome

No Offer

Interview Source

Employee Referral

Length of Process

1-2 months
Interviewed: June 2014

Application

Phone Interview
Presentation
Skills Test
Background Check

Interview

The process first consisted of a phone conversation about the position and my interest. I then completed a timed test consisting of basic math skills and financial statement knowledge. After the test was completed, I had another phone conversation in which I was questioned about my opinion on the future of the healthcare sector and how I would go about picking a biotech company to invest in. We also discussed a recent DCF I made for a large pharmaceutical company. The phone interviews were very informal and they flowed like a normal conversation.

Interview Questions

Do you believe that the healthcare sector is overvalued as a whole?
Which of the big pharmaceutical companies do you think needs to make an acquisition, and why?
Explain how you picked your revenue projections in your DCF.
When looking to invest, would yo do a bottom-up approach or a top-down approach and pick a certain sub-sector, and why?
Can you explain how a drug gets approved by the FDA and which phase do you think is most important when researching a companies drug pipeline?

Healthcare Equity Research Intern Interview - Equity Research

Anonymous interview candidate in Baltimore

Outcome

No Offer

Interview Source

Employee Referral

Length of Process

1-2 months
Interviewed: June 2014

Application

Phone Interview
Presentation
Skills Test
Background Check

Interview

The process first consisted of a phone conversation about the position and my interest. I then completed a timed test consisting of basic math skills and financial statement knowledge. After the test was completed, I had another phone conversation in which I was questioned about my opinion on the future of the healthcare sector and how I would go about picking a biotech company to invest in. We also discussed a recent DCF I made for a large pharmaceutical company. The phone interviews were very informal and they flowed like a normal conversation.

Interview Questions

Do you believe that the healthcare sector is overvalued as a whole?
Which of the big pharmaceutical companies do you think needs to make an acquisition, and why?
Explain how you picked your revenue projections in your DCF.
When looking to invest, would yo do a bottom-up approach or a top-down approach and pick a certain sub-sector, and why?
Can you explain how a drug gets approved by the FDA and which phase do you think is most important when researching a companies drug pipeline?

Healthcare Equity Research Intern Interview - Equity Research

Anonymous interview candidate in Baltimore

Outcome

No Offer

Interview Source

Employee Referral

Length of Process

1-2 months
Interviewed: June 2014

Application

Phone Interview
Presentation
Skills Test
Background Check

Interview

The process first consisted of a phone conversation about the position and my interest. I then completed a timed test consisting of basic math skills and financial statement knowledge. After the test was completed, I had another phone conversation in which I was questioned about my opinion on the future of the healthcare sector and how I would go about picking a biotech company to invest in. We also discussed a recent DCF I made for a large pharmaceutical company. The phone interviews were very informal and they flowed like a normal conversation.

Interview Questions

Do you believe that the healthcare sector is overvalued as a whole?
Which of the big pharmaceutical companies do you think needs to make an acquisition, and why?
Explain how you picked your revenue projections in your DCF.
When looking to invest, would yo do a bottom-up approach or a top-down approach and pick a certain sub-sector, and why?
Can you explain how a drug gets approved by the FDA and which phase do you think is most important when researching a companies drug pipeline?