Asset Management Summer Analyst

1. 1Application

   Resume and short answers. Some firms ask you to choose public equity, fixed income, multi asset, or distribution up front.

2. 2Online assessment

   Numerical reasoning and situational judgment at the larger firms. Some add a short markets quiz.

3. 3HireVue

   Recorded behavioral prompts plus a markets question: what are you watching, or pitch a stock in two minutes.

4. 4First round

   An analyst or associate on an investment team. Why asset management, a stock or fund pitch, how you follow markets, and basic valuation.

5. 5Superday

   Several portfolio managers and analysts. A deeper pitch defense, portfolio construction and risk questions, macro views, and fit with a long horizon, research driven culture.

6. 6Offer

   Often a rotational analyst program, with team placement after the summer.

Lazard does not state its process on its own site, so these are the usual stages.