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2021 Lazard London Recruitment Process: Stage-by-Stage Guide

Thank you for your interest in applying to Lazard London. The recruitment process has been designed to test and challenge you as well as giving you the opportunity to find out more about our people and their careers.

As you progress through the process you will have the opportunity to meet current people within the business from varying backgrounds and experiences. Please take the time to read our website as this will give you a good idea about the types of tasks you will be expected to complete and the types of strengths, skills and behaviours you will need to consistently demonstrate on a regular basis. 

We actively encourage applications from diverse backgrounds and all degree disciplines, including those studying for an Arts, Science or Humanities degree. We appreciate the strong transferrable skills that students and graduates from a wide variety of disciplines and backgrounds can bring and we provide full support and training to set them up for successful careers with us.

You will find information below on each of our recruitment stages. If you have any questions about working here, the graduate recruitment process, or if you are experiencing technical difficulties with your application or an assessment, please check the FAQs section at the bottom of this guide.

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

For stage-by-stage information on our recruitment process, please click on the below links:

Recruitment Process for 2022 Full-time Analyst and 2022-23 Industrial Placement Applications

Recruitment Process for 2022 Spring Insight Applications

For FAQs, please click here.

 

Assessment Process for Full-time Analyst and Industrial Placement Applications

Stage 1 – Application Form

The first step in our recruitment process is to complete an online profile and upload your CV.

Here are some guidance notes to help you.

  • You may only submit one application for either the Full Time Analyst, Spring Insight or Industrial Placement role in any given year. It is important to check the eligibility criteria before beginning your application. (Please note we have already successfully filled positions for our 2022 Summer Internship programme)
  • Please check that your phone number and email address are correct as this is the only way we can contact you.
  • Please make sure to include all key information on your CV including the following: grades from school, university, and further education; years attended at school and years attending at university, work experience (including non-finance related work experience); key skills and achievements. There is no requirement to attach a covering letter.
  • You will be provided with updates on your application via the email address that you provided (please check junk/spam folders just in case).
  • You can update your person details in your application profile at any time.

We aim to review and process your application within a week.

Stage 2 – Online Assessment

Blended Assessment (to be completed in 7 days)

Once your application has been reviewed, eligible candidates will be asked to complete an online Blended Assessment. You will be given 7 days to complete the assessment. Please ensure you have a stable internet connection before you get started.

An important part of our recruitment process is for you to learn more about the role of an Intern/Analyst at Lazard, and the work that we do. The Blended Assessment has been specifically designed to provide you with a realistic preview of what it is like to work at Lazard and has been tested by our employees to ensure that it is reflective of the role and tests the skills required to be successful at Lazard.

The assessment is a mixture of different types of questions, to see how you might respond in a variety of different situations. Some items are based on real experiences, so you’ll get a real sense of what it’s like to work at Lazard. Other items will test your abilities, such as numerical and verbal reasoning skills. Consider the assessment as an opportunity to learn more about what our Interns/Analysts do within the business.

The Blended Assessment is an interactive test where you will need to take in the information you're presented with and answer as best you can. You don’t need to have any technical knowledge to complete the assessment. Each item will have a response for you to select to answer. We're using this test to give us a better idea of how well you’ll get along here and to find individuals with potential to succeed. Read the prompts carefully, think about the responses before you select your answers, and be honest.

As part of the blended assessment you will also answer a few video interview-style questions and provide a short written .

In order to work through the Blended Assessment as effectively as possible, you should try to:

  • Be yourself and go with your first natural response. We want to understand who you are and what value you will add to Lazard. Please try not to think about the scenarios for too long; it is more effective to read the scenario and go with your first reaction or natural response to what you think is the most effective and least effective course of action.
  • Read each item properly and in detail. Please take time to read each item properly, ensuring that you understand the task or the situation in order to be able to give your natural response. If you rush through the questions too quickly, you may misinterpret something or not properly understand the scenario posed to you and therefore provide an incorrect answer.
  • Familiarise yourself with Lazard, our values, and the type of work we specialise in. Reading our website and familiarising yourself with what we do and the role you have applied for will help you complete the assessment. You should try and make sure you have done some background reading and preparation on what it is like to work for Lazard and who we are as an organisation before taking the assessment.

If you are invited to complete this assessment, you will also be provided with access to a practice test to give you an understanding of the different question types and what is expected of you for each.

Note that the assessment is not timed, so if you would usually require reasonable adjustments for additional time in examinations, you will not need to request additional time for this assessment.

It is important that you take the Blended Assessment in an environment where you can stand or sit comfortably to answer the questions. You should make sure you are in a quiet room where you will be free from background noise, distractions, or interruptions for the duration of the assessment.

Given the volume of applications we review, you may need to wait up to two weeks after completing the Blended Assessment before receiving an update on your application progress.

Stage 3 – Virtual Assessment Centre

Those candidates successful at the Blended Assessment stage will be invited to attend a virtual Assessment Centre, which would typically require you to perform a number of exercises with a small number of other candidates. The Assessment Centre is designed to give us a realistic picture of your current skills, abilities and potential. It also allows our colleagues to assess your cultural fit within our organisation. This is a 2-way recruitment process however, and it is just as important that you get to experience what it might be like to work at Lazard, so we have designed the Assessment Centre to give you an insight into the role of a Lazard Intern/Analyst and to meet some of the people you may work with in the future.

It’s very important to remember that you are not in direct competition with your fellow candidates attending the assessment day. We will progress all candidates who successfully meet our specific selection criteria to the final interview stage of the process. We have a strong collegiate working environment here at Lazard and our assessment process is designed to reflect this.

If you are invited to an assessment centre, we will provide you a full briefing on the process beforehand, including what to expect on the day and how to prepare in advance.

Stage 4 – Final Round Interviews

Candidates who are shortlisted from the Assessment Centre will be invited to Final Round Interviews with a number of our senior bankers. These interviews will typically occur within one week off the Assessment Centre. Should you have any competing exploding offers that fall within this timeframe, please let a member of the Graduate Recruitment Team know at the earliest opportunity so we can do our best to accommodate you. 

The interviews comprise of two separate interviews lasting approximately 30 minutes each. These interviews typically cover a range of different competencies and you can expect questions around Lazard, the financial markets, world affairs and some technical financial questions. We are just as interested in your personality and individuality as we are about your academic and extra-curricular achievements. If you are successful in being invited to attend the Final Round Interviews you will be provided with further interview preparation guidance.

If you are successful in the final round interviews, we will make you a formal written offer. You will have 1 week to accept and return a signed copy of the contract.

 

Assessment Process for Spring Insight Applications

Stage 1 – Application Form

The first step in our recruitment process is to complete an online profile and upload your CV.

Here are some guidance notes to help you.

  • You may only submit one application for either the Full Time Analyst, Spring Insight or Industrial Placement role in any given year. It is important to check the eligibility criteria before beginning your application. (Please note we have already successfully filled positions for our 2022 Summer Internship programme)
  • Please check that your phone number and email address are correct as this is the only way we can contact you.
  • Please make sure to include all key information on your CV including the following: grades from school, university, and further education; years attended at school and years attending at university, work experience (including non-finance related work experience); key skills and achievements. There is no requirement to attach a covering letter.
  • You will be provided with updates on your application via the email address that you provided (please check junk/spam folders just in case).
  • You can update your person details in your application profile at any time.

We aim to review and process your application within a week.

Stage 2 – Online Assessments

Situational Judgement Test and Video Assessment (to be completed in 7 days)

Once your application has been reviewed, eligible candidates will be asked to complete an online Situational Judgement Test. If you are successful in passing the Situational Judgement Test, you will be invited to participate in a short Video Assessment. These two assessments must be completed within 7 days.  Please ensure you have a stable internet connection before you get started.

Situational Judgement Test

The Situational Judgement Test is a test which presents you with different scenarios that you might face in the role at Lazard and asks you to decide on the most effective and the least effective course of action.

An important part of our recruitment process is for you to learn more about the role of an Intern/Analyst at Lazard, and the work that we do. The Situational Judgement Test has been specifically designed to provide you with a realistic preview of what it is like to work at Lazard and has been tested with our employees to ensure it is reflective of the role and tests the skills required to be successful. It tests your natural ability to analyse situations and make decisions, think about the implications of your actions and weigh up the best course of action. It also tests your approach to working, collaborating and communicating with others and your ability to work quickly through specific job-related problems. It is not a timed test but there are ‘right and wrong’ answers which assess your overall fit for Lazard and against our values and attributes that make an individual successful at Lazard.

In order to work through the Situational Judgement Test as effectively as possible, you should try to:

  • Be yourself and go with your first natural response. We want to understand who you are and what value you will add to Lazard. Please try not to think about the scenarios for too long; it is more effective to read the scenario and go with your first reaction or natural response to what you think is the most effective and least effective course of action.
  • Read each scenario properly and in detail. Please take time to read each scenario properly, ensuring that you understand the task or the situation in order to be able to give your natural response. If you rush through the questions too quickly you may misinterpret something or not properly understand the scenario posed to you and therefore provide an incorrect answer.
  • Familiarise yourself with Lazard, our values, and the type of work we specialise in. You can’t practice for a Situational Judgement Test as it assesses your judgement and decision-making skills, and your fit for our specific organisation and culture. However, reading our website, familiarising yourself with what we do and the role you have applied for will help you complete the test. You should try and make sure you have done some background reading and preparation on what it is like to work for Lazard and who we are as an organisation before taking the test.

Video Assessment

Video Assessment technology has enabled us to see a far greater number of candidates in our process than we would have otherwise seen through traditional interviewing methods. It also enables each candidate the flexibility to take the assessment at a time of their choosing.

The Video Assessment will last approximately 40 minutes and will include a written exercise and interview style questions around your motivation, cultural fit and interest in our organisation and the industry. You are encouraged to draw upon your past experiences and situations where you have best demonstrated particular competencies, and to use a wide variety of examples to show the breadth of your experiences and your interests. You will be assessed against a number of core competencies that we know are crucial in successful Analysts.

If you think that you require any adjustments to be made for you to complete the written assessment e.g., you were granted extra time at school/university/in previous employment to complete timed work, you must let us know in advance so that we can make any required adjustments. Please email us at graduate.london@lazard.com, attaching all supporting documentation. 

To help you prepare for the interview questions in the video assessment, we recommend you take full advantage of interview workshops that your university career services centre may run, as this will give you invaluable practice and feedback. You are also encouraged to register for and attend scheduled live chats with the graduate recruitment team, where you can ask and view  questions about the recruitment process.

It is important that you take the Video Assessment in an environment where you can stand or sit comfortably to answer the questions. You should make sure you are in a quiet room where you will be free from background noise, distractions or interruptions for the duration of the Assessment. You should treat the Video Assessment in the same way as you would an in-person interview by presenting yourself smartly, however you do not need to be in business attire.  Watch Top Tips on how to prepare for the video assessment from recent summer analysts here.

Given the volume of applications we review, you may need to wait up to two weeks after completing the video assessment before receiving an update on your application progress.

Stage 3 – Final Round Interview

Candidates who are shortlisted from the Online Assessments will be invited to a Final Round Interview with one of our bankers and member of HR.

The interview will last approximately 30 minutes and will cover a range of different competencies. You can expect questions around Lazard, the financial markets, world affairs and some questions on your experiences to date. We are just as interested in your personality and individuality as we are about your academic and extra-curricular achievements. If you are successful in being invited to attend the Final Round Interview you will be provided with further interview preparation guidance.

If you are successful in the Final Round Interview, we will make you a formal written offer. You will have 1 week to accept and return a signed copy of the offer.

 

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