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Lazard Analyst Interview Questions
& Process

Real candidates share what happened, how many rounds they had,
and how the experience turned out.

Based on 85 interview experiences · FREE TO READ

2.9 Rounds average
Average Typical difficulty
72.3% Positive experience

Candidate interview experiences

First-hand accounts from people who interviewed at Lazard.

Showing 3 of 85
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Lazard

Analyst

Analytics · a year ago

Entry Average Neutral experience No offer 4 rounds
Interview process
Recruiter call Phone screen Technical screen Onsite
Interview formats
Behavioral Technical Case

For an analyst position, the interview usually involves multiple steps to evaluate your technical abilities, how you approach problems, your understanding of the market, and how you interact with others. The exact process can differ between companies, but generally, you can expect something like this, with details for each stage specifically for an analyst job.

Confirmed questions1 question
  • What is a distinctive skill you possess that differentiates you?
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Lazard

Analyst

Finance · more than a year ago

Mid Average Negative experience No offer 3 rounds
Interview process
Recruiter call Onsite Offer
Interview formats
Technical Behavioral

Il y a plusieurs rounds mais aucun test de logique ou d'anglais. Un premier round RH. Un deuxième round avec 3-4 personnes de analyst à Director. Un éventuel troisième round avec l'associé qui se terminera avec une RH ensuite.

Confirmed questions3 questions
  • Could you walk me through the WACC calculation?
  • Can you explain the Discounted Cash Flow (DCF) method?
  • The focus is on international accounting, not French accounting. Can you elaborate?
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Lazard

Analyst

Finance · more than a year ago

Intern Difficult Positive experience Accept offer 5 rounds
Interview process
Recruiter call Take home Group Presentation Technical screen Onsite
Interview formats
Behavioral Technical Case Group Presentation

I came through the spring week, which selected students based on an online application and a telephone interview with HR. At the end of the spring week, there was an assessment centre which requires you to summarise some financial information quickly and succinctly, and a group discussion which requires you as group to discuss a case study. After that, you get interviewed by three groups of 2 people (a mix of managing directors and VPs, then finally the COO). One interview is broadly fit-based, the other cognitive (a bit like a management consulting case study interview) and the final one financial (testing some technicals but more to gauge your interest than to see whether you can make a DCF model).

Confirmed questions3 questions
  • What's the most recent book you've finished?
  • Tell me about a time you faced adversity.
  • Imagine you're opening a shop on Stratton Street; what product would you sell for maximum profit?

Lazard Analyst Interview Questions

Quoted word for word from Lazard interview reports.

Could you provide the formula for free cash flow to the firm?

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Could you explain the impact on the three financial statements if a manufacturing company's revenue increases by $100?

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If you were given cash, debt, market cap, and EBITDA, how would the EBITDA multiple change if the stock price increased?

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Can you explain the difference between equity value and enterprise value and how this relates to share prices?

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Explain the intuition behind each component of the free cash flow analysis and the impact of changes in these components.

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Solve for the angle between the hour and minute hand, and a couple of other similar brain teasers.

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Can you explain how to value a pharma drug using a DCF?

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If you just sold a $200M asset, can you explain the three financial statements?

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Formats, difficulty and experience

Across all 85 Lazard interview reports.

Interview formats

Behavioral 38.7%
Technical 37.7%
Case 7%
Presentation 7%
Other 4.5%

Interview difficulty

Easy 12.9%
Average 55.3%
Difficult 31.8%

Candidate experience

Positive 72.3%
Neutral 21.7%
Negative 6%