Great. Will he need a JPM/GS/MS summer to get a shot at the buy side straight out of uni or would an EB with the right networking provide enough opportunities?

 

Temper his expectations, he will likely get neither MF PE or a L/S equity HF role out of undergrad.

Roths has better culture and WLB than Laz but Laz the better name and exits.

 

Yep, I personally feel as if he should do the 2 years of IBD first anyway. I feel like the comp for analysts in the buy side is relatively poor compared to BB/EB IBD.

 

Do the Spring weeks fall at the same time? I am guessing they do. If not, do both obviously. If he wants nice culture go Roths and have sold exits. If he wants major exit opps then Laz, no brainer

 

I would choose Laz for the reasons others outlined above. I would also tell him to decide which one he wants and have a good reason for it, as recruiting for both is very different and interviewers can often catch you out if you aren't 100% sure or committed

 

Lazard does bigger deals, better brand and better exit ops, defo go for Lazard if you’re after exit ops. But my friends in Rothschild say the culture is really good there and hours are relatively good (analysts are usually always gone by 11pm and don’t often work weekends) whereas Lazard will be v long hours.

Another thing to consider is that Rothschild spring week has a relatively good process to convert to summer with high conversion rates, whereas Lazard you’ll have to have a full assessment centre and interviews to convert to summer.

(London offices)

 

Heard from someone that was working at Lazard last summer that his latest finish was at 1am. But yes agreed that Rothschild would offer a better work life balance.

Could you offer any insight into the conversion process for both Lazard and Rothschild?

 

Oh not directly after the spring week? Also, do you know about Lazard’s conversion process and their conversion rate?

 

No, not straightafter the spring week. Lazard was a full-blown AC last year. 2/3 interviews, Group exercise, written exercise, verbal and numerical tests and a presentation.

Another thing to note. The aforementioned AC does bot lead tp an offer. If you do well, you will get through tp the least stage. Which is basically 3 interviews with MDs some time in May

 

did laz 2 years ago.

you sit a series of standard psychometric tests (numerical/verbal etc) after your first/second day

then conversion "AC" is on the last day. split into two parts:

1st part is a 60 minute exercise where you're given a bunch of info (literally stacks of paper) about a company looking to be acquired. you then had to sift through all the info and get a company profile + a simple DCF model done on the company. what made it difficult was the press about the company was overwhelmingly bad so you had to twist it into a better light.

2nd part is a group discussion. you and a few other SWers + 2 observers. you have a list of potential strategic/financial buyers looking to acquire the company you're "representing" that you have to discuss in amongst your group. the scope of the discussion was about the various merits, risk, opportunities etc of each deal (all of them were unique/offered different trade offs). time limit was 45 mins.

if you do well on that you get called back in for more interviews with the MDs and other senior bankers that are more relaxed/fit related. whole process takes about 3-5 weeks total to hear back

 

Consequatur dolorum corrupti odio inventore ipsum similique totam quia. Minus perspiciatis assumenda assumenda.

Enim ea officia occaecati. Atque vero debitis velit esse nihil. Cupiditate eum cupiditate molestiae est dolorem et ad. Reiciendis aut voluptas ad explicabo distinctio dolores eveniet ullam.

Inventore quia provident corrupti provident sed totam id. Commodi dolores aut quam deserunt et.

Sit fuga corrupti facere quidem cupiditate exercitationem. Et id itaque et ea. Assumenda veniam libero voluptatum aut molestiae cupiditate. Sint unde recusandae nostrum suscipit sequi dolor. Aliquam in ipsum ut voluptas eum.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
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...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
dosk17's picture
dosk17
98.9
7
DrApeman's picture
DrApeman
98.9
8
CompBanker's picture
CompBanker
98.9
9
kanon's picture
kanon
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

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