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2021 Lazard London Analyst and Summer Intern Recruitment Process: FAQs

Lazard Frequently Asked Questions

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Our FAQs will answer most of our commonly received queries, so do check this section carefully before contacting us with your query. We have included as much information as possible to help you with your application. Please note that the answers to these questions are specific to Lazard’s Financial Advisory business in London only.

If you are keen to apply to one of our other offices, please contact them directly. You may have up to 3 active applications at any one time, though you may only apply once to one of our Lazard London Financial Advisory student/graduate programmes in in any given year.

Is your question:

  1. About working at or talking to people from Lazard?

  2. About the Graduate Recruitment Process at Lazard in London?

  3. About a technical issue you are having with our application system?

 

If you would like to ask direct questions to individuals currently working at Lazard, please check out our employee discussion platform.

Questions about working at Lazard

What is Financial Advisory?

Lazard’s Financial Advisory business offers clients a number of leading advisory services: M&A and strategic advisory, Restructuring, Capital Structure Advisory (e.g. Debt Advisory and Equity Capital Markets), Private Capital Advisory and Venture Growth Banking. In other banks, this division is often called Investment Banking Division. However, as an independent advisory firm, Lazard only offers advice and does not offer lending services.

Where will I be based?

You will be based in the London office, which is located on Stratton Street in Mayfair, very close to Green Park Station. This is Lazard’s only office in the United Kingdom.

What are the hours like working in Financial Advisory at Lazard?

As you may be aware, the working hours in investment banking tend to be longer than in some other professions and Lazard is no different. However, we have a commitment to monitoring working hours and ensuring that workload is distributed as evenly as possible amongst our Analysts.

We have introduced a number of initiatives to help and support our employees’ physical and emotional wellbeing. Through the broad range of benefits, practices and other initiatives on offer, we aim to build and maintain a healthier work/life balance across our organisation.

Can I apply for roles in Lazard Asset Management?

Lazard Asset Management (LAM) operates a separate recruitment process. To find out more about any available opportunities at LAM, please go to www.lazard.com/careers.

For enquiries about recruitment at Lazard London Asset Management, please contact LAMUKRecruiting@lazard.com.

What will I be working on as a Financial Advisory Analyst/Intern at Lazard?

At Lazard, you have the opportunity to be involved in meaningful work right from the start of your career at Lazard. We offer comprehensive training and development for our Analysts and Interns and our structure means that you have the opportunity to learn from highly experienced leaders within the teams. A successful financial advisor is an Analyst, a strategist, a relationship-builder and an innovator.

Day to day responsibilities of an Analyst include: research and analysis, creating marketing materials, building financial models, attending client meetings and calls, and working on projects alongside senior members of the team. It’s a role that requires you to have a strong focus and drive and attention to detail. You will strengthen your ability to synthesise large amounts of information in an accurate and efficient manner. You also need to be able to think creatively and clearly express your ideas in both verbal and written formats.

Working in a small team means you can think bigger – fewer voices means your ideas are heard. The early and vast opportunity Lazard gives its people means you can think bigger about you career opportunities too – exposure to international clients will give you a truly global outlook.

Check out our employee discussion platform to ask direct questions to individuals currently working for Lazard Financial Advisory in London to learn more.

What salary and benefits are offered to Interns/Analysts at Lazard?

For Analysts and Interns, we offer a competitive base salary. For Analysts we also offer a benefits package that includes a pension scheme, private medical scheme, life insurance and a sports subsidy. There is a discretionary bonus scheme which is primarily linked to your annual performance.

What are the different career stages as I progress at Lazard?

Typically you spend three years as an Analyst and then three to four years as an Associate before progressing to Vice President (VP) and beyond. You will experience working in different industry teams throughout your Analyst years and be given the opportunity to specialise in a particular sector when you reach associate level.

When does the Analyst Training Programme (ATP) start?

The ATP starts in late July each year and lasts until the end of August/early September when you will start work within your designated team. This programme is attended by Analysts from across many of our global offices, which allows you to build working relationships with your international colleagues. Regardless of your background, the training programme has been designed to give all Analysts a solid technical foundation of skills before they start with their designated team. London Analysts also undertake revision sessions and compulsory Financial Conduct Authority (FCA) regulatory exams before the ATP.

Can I choose which industry team I join as an Analyst?

Incoming Analysts have the chance to meet members of the teams during the ATP and learn about the work they are involved in that is specific to their product/sector team. Analysts are then asked to nominate their team preferences and these are considered when assigning teams alongside business requirements and current staffing within each team. We aim to assign Analysts to their top preferred teams wherever possible.

You have the opportunity to rotate across various teams over the three years you spend as an Analyst at Lazard. This will not only give you more well-rounded skills and knowledge through working in different sectors and industries and with different people across our offices, but it also allows you to discover which industries you find most interesting. We recommend that Analysts are open to a range of teams as often people are surprised at where their preferences lie after a number of rotations.

Do you offer secondment opportunities?

Secondments are offered to those at Associate level (or above) with a sustained level of strong performance in their current role.  

We appreciate that many Analysts are keen to build their global experience, however we have seen the benefits of Analysts remaining in one office whilst they build their skills set and knowledge. Analysts still have the opportunity to travel for deal-related matters and for on-going learning and development courses. They also work on many cross-border deals with colleagues from around the globe so the international exposure is notable.

Is it possible to transfer to an office abroad?

We offer the opportunity to transfer to another Lazard office if there is a business need and subject to attaining the necessary work permits. However, we would encourage you to apply directly to your preferred office for a position in the first instance as transfers are not always available or guaranteed.

Where can I find out more about working in Mergers & Acquisitions and Restructuring and working at Lazard in particular?

There are specialist investment banking recruitment websites that you may wish to visit. If you attend one of the universities that we visit, you may want to come and meet us on campus too. Please click here to view the university events that we host. You can find out about the current M&A and Restructuring market in the business press too, for example by regularly following news in publications like the Financial Times. Our website provides further details and we regularly post information on our Twitter, LinkedIn, Facebook and Instagram timelines. 

Check out our employee discussion platform to ask direct questions to individuals currently working for Lazard London to learn more.

Questions About the Graduate Recruitment Process at Lazard in London

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Which positions can I apply for as an undergraduate or recent graduate?

Our 2022 Analyst and Summer Internship programme has been successfully filled through early talent programmes. Should places become available, information will be displayed on our website; if you are interested in this programme, we would also encourage you to create a profile to receive alerts for any relevant opportunities.

Our 2022 Full-Time Analyst role is open to students completing their university studies in 2022 or earlier.

Our 2022-23 Industrial Placement Programme is open to undergraduate students undertaking a 4-year degree, with their 3rd year in industry, graduating in 2024.

You may apply for positions in our overseas offices at the same time as any position in the UK (a maximum of 3 active applications at any given time).

How do I apply for an Analyst/Intern role at Lazard?

Please apply by submitting an online application form through www.lazard.com/careers/students. We will not accept applications in any other format.

When should I apply and what are the application deadlines?

Our application dates are:

  • 2022 Analyst role opens 20th September 2021, closes 31st October 2021
  • 2022-2023 Industrial Placement Programme opens 1st November 2021, closes 5th January 2022
  • 2022 Spring Insight Programme opens 1st November 2021, closes 5th January 2022

We have already successfully filled positions for our 2022 Summer Internship programme.

Please note we recruit on a rolling basis and would highly recommend early application. If we fill our roles earlier than the application deadline, we may close the application deadline early.

I have missed the application deadline, can I still apply?

Unfortunately, you are not able to apply after the application deadline has passed so please make sure we receive your application in time. We will not consider or be able to process any applications past the deadline dates. 

Can I apply for the same position at Lazard London more than once in any given year?

No. You may only apply once for any given year. If you submit a second application, it will not be considered.

I have applied to Lazard before in a previous year, can I apply again?

Yes, you will be able to apply again if you have been unsuccessful in previous years as long as you continue to meet our minimum eligibility criteria.

How many applications do you receive each year?

We receive thousands of applications for Analyst positions each year and a similar number for Internships. However, please don’t de-select yourself on this basis! Every single application is reviewed on its own merit and we will interview all candidates who pass the initial screening stages of our recruitment process. Please review our recruitment process stage-by-stage guide to find out more about our process.

Do you offer any specific programmes for MBA or PhD students?

We do not offer any programmes that are specifically designed for MBA or PhD students.

Can I apply for any graduate or Intern positions that start at a different time of year i.e. not in summer 2022? / Do you offer off-cycle placements?

In some years, we may recruit off cycle interns, typically for a 6 month period. Please keep an eye on our website for these opportunities.

Do you offer any work experience for first year students or sixth formers?

We run a Spring Insight Programme in March/April each year that is open to university students in their first year of a 3-year course, or the second year of a 4-year course. We do not offer any work experience opportunities for sixth form students, however we do run School Insight days for sixth form students; please keep an eye on our events page for updates.

 

Internship Programme

 

When does the Internship programme run from and to?

The Internship programme runs from late June to end of August/early September every year and lasts for 10 weeks. This includes 1 week of training at the start of the programme.  

Which teams will I work in as an Intern?

Our Interns are assigned to one team based on their team preferences and remain with that team throughout their summer internship. Incoming Interns will receive information on each of the product/sector teams and have the opportunity to contact members of the teams prior to joining to enable them to make an informed decision when selecting their team preferences.

We ensure that our Interns have a balanced workload and broad exposure to bankers within the team. Throughout the programme we host a number of information sessions which give you the opportunity to learn more about the various product and sector teams as well as getting to know bankers across the firm.

I’m not in my penultimate year of study; can I still apply for an Internship?

Candidates must be in their penultimate year of study i.e. graduating in 2022. If they are offered a permanent Analyst role at the end of the Internship, it will be to start in July of the year after the Internship (2021) ends i.e.2022. If you are in your final year of study but intend to undertake one year of further study straight after graduating you are also eligible to apply for an Internship but you must state this intention clearly by including the details of your intended future studies under the University Education section of the application form.

Do I need to have done an Internship at a bank in order to apply for an Intern or Analyst position?

No! You do not need to have completed an Internship at another bank or had any prior financial services experience to apply for an Intern or Analyst position. However, it is advisable to have done plenty of research about the industry, our company and the Analyst role before applying. Experience shows that this will help you to make a more informed decision about whether investment banking is the right career for you.


Qualifications and Minimum Criteria

 

What are the minimum qualifications I must have to apply?

You must have a minimum predicted or obtained 2.1 university degree classification (or equivalent if you studied outside the UK). Your degree does not need to be in a specific subject. If you do not meet the criteria but there are extenuating circumstances pertaining to your results, we recommend that you submit an application and explain the situation on your form in the relevant section provided.

I do not have standard UK grades, what shall I do?

Please complete the application form with your grades, even if they are not standard UK grades. 

My degree and/or work experience is not in a finance-related area, should I still apply?

Yes! We welcome applications from students/graduates of all academic backgrounds. You do not need a qualification in a certain subject or have completed work experience in a financial area in order to apply. We actively encourage applications from all degree disciplines including those studying for an Arts, Sciences or Humanities degree. We appreciate the strong transferrable skills that students and graduates from these disciplines can bring and we provide full support and training to set them up for successful careers at Lazard.

Will Lazard help me obtain a work visa?

Lazard will sponsor eligible candidates for work visas. You are responsible for ensuring that you understand the eligibility criteria for the United Kingdom and complete any required application in a timely fashion. Receipt of any work visa is subject to approval by the appropriate authorities. Should you be offered an Analyst or Intern role with Lazard, we ask that you discuss any potential visa requirements you may have with a Lazard recruiter immediately so that the necessary steps can be taken. All Lazard offers will be contingent upon you obtaining the proper authority to work in the United Kingdom.

 

Application Submission Process

 

Can I send my CV and cover letter in instead of completing an application form?

No, all applications for positions must be submitted through our online application system. You may be asked to include a CV as part of your application. There is no requirement to include a cover letter.

Do you have any tips for me on completing the application form?

For tips on completing the application form please see our graduate recruitment process stage-by-stage guide.

After I submit my application, will I receive a response?

Yes, you will receive an automated email confirming that your application has been received. You will be informed of your progress via your registered email after each completed stage of the process. We will endeavour to get back to you as quickly as possible but this may take a few weeks due to the volume of applications we receive. Please check your junk / spam folders also.

You may receive responses or notifications after traditional ‘office hours’ as the recruitment team often work ad-hoc hours during the recruitment period in order to efficiently process all applications.

 

Assessment Process

 

What happens in the recruitment process?

Please review our graduate recruitment process stage-by-stage guide for more information about the different stages to our recruitment process and tips for each stage.

What should I expect at the interviews/assessment centre and how should I prepare?

Please see the tips in the relevant section of our graduate recruitment process stage-by-stage guide.

Will I be reimbursed for travel to interviews and assessment centres?

For the 2021/22 recruitment cycle, Lazard will be running a fully virtual assessment process so there should be no associated costs relating to travel. In the unlikely event that costs are incurred due to travel, Lazard will reimburse reasonable travel costs associated with travelling to Assessment Centres and Final Stage Interviews. Please keep all receipts as these will be required for us to reimburse you.  Overnight stays will only be reimbursed when prior approval has been obtained from the London Graduate Recruitment Team. We generally only offer a contribution towards hotel costs if you are not able to make a return day trip to London within the same day.

I am located outside the UK; do I need to travel to London for my interviews?

For the 2020/21 recruitment cycle, Lazard will be running a fully virtual assessment process so there will be no expectation for students based outside the UK to travel to the UK.

What is the most effective way for me to follow up after the interview?

Before you complete your virtual assessment centre / interview, ask a member of the London Graduate Recruitment Team what the next step is and when you should expect a response.

What if my Interview or Assessment Centre clashes with my exams?

If you have an exam on an Interview or Assessment Centre date, please contact the Lazard Graduate Recruitment Team by emailing graduate.london@lazard.com.  We have limited flexibility to move interview dates as these are scheduled months in advance, however we will do our best to accommodate.

Technical Questions and Online Tests

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I’ve encountered a technical issue with my application form. What should I do to resolve it?

Please contact the Lazard London Graduate Recruitment team by emailing graduate.london@lazard.com

I believe I am eligible for extra time to complete my online tests e.g. I have been given extra time to complete timed exercises at work/school/university in the past.

If you think you require assistance with the tests please ensure you email graduate.london@lazard.com before the Video Assessment with supporting documentation.

I am unable to take the SJT and Video Assessment within the time limit - what should I do?

You will have 7 days to complete both the Situational Judgement Test and Video Assessment. If you are unable to sit the assessments within the time limit given, please contact the Lazard London Graduate Recruitment team by emailing graduate.london@lazard.com as soon as possible. We will consider an extension request only in exceptional circumstances. If you fail to complete your test within the given time limit for any reason other than a technical problem and do not contact us within the time limit, you will not be able to take the test and your application will be rejected.

Should your query not be answered within these FAQs, you can email the Graduate Recruitment Team at graduate.london@lazard.com.

Please note that this email address is for queries relating to London Financial Advisory Graduate Recruitment only.

For enquiries about recruitment at Lazard London Asset Management, please contact LAMUKRecruiting@lazard.com.

For all other enquiries, please contact the local office switchboard.

 

 

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