Lazard Reviews

Updated June 2, 2015
7 reviews filtered by
  • Any Location
  • Any Job Title
  • Any Status
Employment Status

Reset
1.0
Rating Trends
Recommend to a friend
Approve of CEO
Lazard Chairman and CEO Kenneth M. Jacobs
Kenneth M. Jacobs
3 Ratings

Pros
  • Less red tape than a bulge bracket (in 5 reviews)

  • Lazard is very well positioned in the investment banking and asset management businesses which makes lazard a great and stable place to work (in 3 reviews)

Cons
  • Analysts and associate work very long hours (in 10 reviews)

  • Absolutely no respect for work life balance (in 4 reviews)

More Pros and Cons

7 Employee Reviews

Sort: Popular Rating Date
  1. Investment Banking analyst

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Banking Analyst in New York, NY
    Former Employee - Investment Banking Analyst in New York, NY

    I worked at Lazard

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    You get to work on large deals and your clients are Fortune 100 players. The firm is recognized as a very focused investment bank that is able to provide objective advisory guidance.

    Cons

    The culture is terrible. Everyone works on weekends and there is no work life balance. You are expected to be available at all hours of the day and all weekends. You will sit in the office waiting for comments until late hours of the night. Limited training and limited career guidance.

    Advice to Management

    You should invest more in your career development programs to be able to attract top talent and retain it.


  2. Helpful (3)

    Backwards leadership and direction

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Desktop Support in New York, NY
    Former Employee - Desktop Support in New York, NY

    I worked at Lazard full-time (More than a year)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Semi-Flexible Schedule, unlimited sick days (as long as you don't abuse it).

    Cons

    The management has everything backwards. I worked within IT, and got a clear view of how backwards the priority's of the company were. In It "User Satisfaction" was the main objective, but all priority was put on quick response to calls and emails, and not on prevention of system issues, like say redundancy in critical systems. Even after Hurricane Sandy which crippled most of the company's IT infrastructure, there are Nepotism ran rampant, so if you were somebodies friend, you could get away with murder. Outside of IT (you get to see a lot as a tech), there's more nepotism (like "secretaries" that have no idea how to use Microsoft office), and a lot of unprofessional conduct. So called higher ups acting like spoiled children and trying to pass their work off on others (like asking tech support to edit documents for them). The analysts/research guys get absolutely abused. I often worked on issues for people who consistently was pushed to a point where they were working 8am to 4am the next morning. The lower levels of the company are not the place to be. Sadly most promotions are based not on how good you are, but how much butt you kiss.

    Advice to Management

    Worker moral is the biggest element to success, don't ignore it. A house cleaning is needed to clear out the people who suck the life out of the company. Give people a chance to shine.


  3. Helpful (3)

    Accounting Dept - this is where the brain goes to die a slow painful death.

    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY

    I worked at Lazard full-time

    Pros

    Management in the accounting dept is super talented at filing papers with the use of color-coordinated tab.

    Cons

    For most 16-year-olds, obtaining their driver's license is an important milestone. Most in the accounting department have yet to achieve this milestone. Let's not discuss competency in accounting, one needs to learn to walk before one can even consider running.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Helpful (4)

    100 hours/week, no work-life balance

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Banking Analyst in New York, NY
    Former Employee - Investment Banking Analyst in New York, NY

    I worked at Lazard full-time (More than a year)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Great training program, that's about it

    Cons

    Consistent 100hr work weeks with little compensation or regard for employee health

    Advice to Management

    Treat your employees with dignity


  6. Helpful (1)

    ...

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Lazard

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Nothing is good, people are abnormal

    Cons

    Everything is so nasty, anti humanity

    Advice to Management

    Go to hell


  7. Run away.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Lazard

    Doesn't Recommend
    Disapproves of CEO
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Shop still has semi prestigious panache. Some smart, capable people. Gaining market share Less red tape than a bulge bracket

    Cons

    Terrible culture, misleading management, unhappy employees Compensation lags peers; at least from what I saw.... Terrible IT system... seriously stuck in 1995

    Advice to Management

    Hire competent management. Seriously, communicate to employees and get away from a culture of fear to one of achievement. Improve compensation.


  8. Helpful (3)

    Terrible, aucun équilibre avec la vie privée, mauvaise culture d'entreprise dreadful, no work life balance, bad culture

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyste in Paris (France)
    Former Employee - Analyste in Paris (France)

    I worked at Lazard

    Doesn't Recommend
    Disapproves of CEO
    Doesn't Recommend
    Disapproves of CEO

    (Translated from English)

    Pros

    Bon travail en groupe, une expérience qui rassemble

    good team working, round up experience

    Cons

    Il y a des employés et du personnel de direction, mais pas de possibilité de poursuivre une carrière

    employees, managers, no career growth



Showing 7 of 61 reviews
Reset Filters
RSS Feed </> Embed

Your response will be removed from the review – this cannot be undone.