Why Lazard? Here's my response. I'm not sure if it's correct, though.

Hi there!

I have an interview at Lazard coming up and prepared a response to the question "Why Lazard?". However, I am not sure if it is fully accurate. My thinking is that Lazard's business model as an independent financial advisory firm is very appealing. As I understand it, Lazard only advises and does not provide underwriting or "balance sheet bank"-like services and can therefore focus only on giving the best advice. This leads to lasting and meaningful client relationships which, in turn, allow the firm to give graduates a lot of responsibility early on and creates a more collegial work environment because there is less salesmanship involved.

My question: is there anything factually wrong with this response? Something where you, as a banker interviewing me, would be like - wait, what? 

Thanks in advance. I'm open for any other input on what interviewers might like to hear in response to this question. Also, I hope this is the right forum. First post here, so please redirect me if it isn't.

"in turn, allow the firm to give graduates a lot of responsibility early on and creates a more collegial work environment because there is less salesmanship involved."

This is complete bs

And the answer is too general, that could be used for any boutique, try to make it more personal

As comment above said, this would be more of an answer to "Why boutique > IB?". Try to talk to some people there, research some deals, read up on them in the news, read their annual reports for any strategic guidance etc. Try to make it less generic and show that you researched Lazard well.


Not at Lazard, but have found success networking with analysts first and asking for their why, then recycling their answer + my own interpretation for interviews later.

Shows that you did your due diligence on the firm and reflected why they’re the right one for you. Plus, you can’t be wrong because a current employee shared their answer with you.

Most Helpful

Nihil explicabo laborum a praesentium rerum voluptate. Natus architecto necessitatibus sequi beatae. Voluptatem minima inventore repudiandae officia earum reprehenderit.

Saepe dolorum facere est dolorum repellat dolores quaerat. Ad nihil dolorem quos tempore officiis necessitatibus dolor. Sed id ea dolor recusandae aut fugit aut.

Career Advancement Opportunities

September 2023 Investment Banking

  • Lazard Freres (++) 99.6%
  • Jefferies & Company 01 99.1%
  • Lincoln International 01 98.7%
  • William Blair 12 98.2%
  • Financial Technology Partners 02 97.8%

Overall Employee Satisfaction

September 2023 Investment Banking

  • William Blair 04 99.6%
  • Lincoln International 11 99.1%
  • DC Advisory 05 98.7%
  • Canaccord Genuity 17 98.2%
  • Jefferies & Company 04 97.8%

Professional Growth Opportunities

September 2023 Investment Banking

  • Lincoln International 01 99.6%
  • Lazard Freres 17 99.1%
  • Jefferies & Company 02 98.7%
  • Financial Technology Partners 06 98.2%
  • UBS AG 16 97.8%

Total Avg Compensation

September 2023 Investment Banking

  • Director/MD (6) $592
  • Vice President (33) $392
  • Associates (160) $261
  • 3rd+ Year Analyst (14) $187
  • 2nd Year Analyst (101) $169
  • 1st Year Analyst (307) $167
  • Intern/Summer Associate (48) $167
  • Intern/Summer Analyst (224) $94
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”