Lazard Deck
An interviewer pushes: 'You'd get capital markets and balance-sheet exposure at a bulge bracket. Aren't you worried about the narrower platform here?' How do you answer?
Model answer
Concede the fact, then reframe it as a deliberate choice — never pretend the tradeoff doesn't exist, because naïveté is the failure mode this question hunts for. Structure: (1) acknowledge — a…
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