I applied through university. The process took 1 week. I interviewed at Lazard (New York, NY) in Oct 2011
Interview
Normal on-campus recruiting process. First round was a two-on-one interview with Associates. Mainly technical questions, fairly intense. One interviewer would ask a question and the other would interrupt my response with another technical question. They were nice enough guys though, as after I answered a bunch of technicals correctly the tone of the interview shifted and became much more lighthearted. Nothing unexpected though. Invitation to superday a few days later. Superday consisted of 4 one-on-one interviews with VPs and Associates. Fewer technical questions, more fit questions as well as some brainteaser/probability questions.
Interview questions [2]
Question 1
standard valuation, accounting questions. ex: can you have negative enterprise value, etc?
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.
