Lazard Investment Banking Associate Interview Questions

The questions to prepare for a Lazard Investment Banking Associate interview. Questions from real interview reports rank first. Updated daily.

6questions

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Finance & AccountingStart here. 3 questions · ~24 min

Explain how to value a company using unlevered free cash flow, WACC, and terminal value.

How Do You Do an LBO, What Impacts an LBO, and What Makes a Good LBO Candidate?Hard

Build a paper LBO, calculate MOIC and IRR, identify return drivers, and define the characteristics of an attractive LBO candidate.

ValuationLBOFinancial Modeling

Lazard

Building a Real Estate DCFHard

Explain the sequence, assumptions, research support, and sensitivities used to build and validate a real estate DCF.

ValuationDCFFinancial Modeling

Lazard

Behavioral & Leadership3 questions · ~24 min

Tests whether the candidate can make a specific, evidence-based case for Lazard over comparable investment banks.

Failing as a LeaderMedium

Tests leadership failure, self-awareness, and learning from mistakes with a concrete example and measurable impact.

LeadershipOwnershipDealing With Ambiguity

Lazard

Prioritizing Multiple Client DeliverablesEasy

Tests prioritization under pressure, organization, and proactive stakeholder communication across multiple concurrent client projects.

time managementorganizationProject Management

Lazard

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The finish line: interview-readyComplete all 6 questions to finish this plan.