Sources checked 2026-08-12
The oldest independent advisory house, and it hires for stated qualities rather than a stated process: intellectual curiosity, thoughtfulness and wisdom. The reported analyst loop is a screen, banker interviews and a senior final round, with a markets and sector bias in the technicals.
3 of 5 stages you can practise here
Through the Lazard student careers portal, into a specific programme and office. The London ladder runs from a three-day Spring Insight Programme through a twelve-month industrial placement and a ten-week summer internship starting in late June, and penultimate-year students are the target for the internship.
The short screen: a clean resume walk, a specific why Lazard, and a market view
Interviews with analysts, associates and VPs, mixing fit with fundamentals. Lazard is a markets-forward house with heavy cross-border and sovereign advisory work, and the reported first round reflects it: expect to be asked what you are reading and what you make of it, next to accounting and valuation.
2 rounds you can practise
Fit with bankers: curiosity, a considered market view and a real why Lazard
Fundamentals with a markets bias: DCF mechanics, multiples and cost of capital
Senior bankers, sector valuation and the questions with no clean formula
The programme opens with a formal training programme; in Europe the incoming analyst class gathers in London for a six-week training programme before joining teams.
Built from what Lazard publishes about its own process and from real interview data. No leaked question lists. The questions you get are generated against your own resume, so they are not from anyone else's interview.
What Lazard says it hires for: intellectual curiosity, thoughtfulness and wisdom, and the two businesses candidates apply into (Financial Advisory and Asset Management).
The student track and its training model: a formal training program on joining, continued professional development, and a six-week European Analyst Training Programme in London for the incoming European analyst class. Applications route through the Lazard student careers portal.
The London early-careers ladder in detail: the Analyst Programme, a ten-week summer internship starting in late June for penultimate-year undergraduate or postgraduate students, a twelve-month industrial placement, and a three-day Spring Insight Programme built on banker-led sessions based on Lazard transactions plus skills workshops.
Investment banking compensation and level context. No interview-process content.
Sources last checked . Hiring loops change, so this date is the honest limit on everything above.