I applied through university. The process took 1 week. I interviewed at Lazard in Oct 2007
Interview
On-campus interview
Final rounds at the office (interviewed with 5-6 people)
Asked basic banking questions: Why Banking? Why Lazard? Why you?
Asked questions you can get from vault: How do you value a company? What are the ways? (and gets into more and more detail to see how well you know)
Basic behavioral questions
Interview questions [1]
Question 1
You're a banker and you hate banking -- it'll take you a truck load of money to convince you to be a banker. How much money is in the truck?
test both peronality and some math -> hire view usually 5 qeustions, always includes why lazard why investment banking -> interview might be 3 interviews, 2 behavioral and one technical, maybe prepare some case studies, and market sizing
I applied online. I interviewed at Lazard (London, England)
Interview
Basic Behavioural interview questions. Asked about past experiences in life, times you showed leadership and adapted to different situations. Complementary with an online assessment, which all together takes in total about one hour.
First round phone interview with an AD was mostly technical. Just a quick "Walk me through your resume" type question and then the rest were either accounting, paper LBO, or brain teaser. On the more difficult side, but not unreasonable.
