Lazard
3.0 of 5 37 reviews
www.lazard.com Hamilton, Bermuda 1000 to 5000 Employees

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3.0 37 reviews

                             

67% Approve of the CEO

Lazard Chairman and CEO Kenneth M. Jacobs

Kenneth M. Jacobs

(12 ratings)

46% of employees recommend this company to a friend
5 Employee Reviews Back to all reviews
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    • Culture & Values
           
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    1 person found this helpful  

    Backwards leadership and direction

    Desktop Support (Former Employee)
    New York, NY

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

    ConsThe 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 Senior ManagementWorker 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.

    No, I would not recommend this company to a friend

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    1 person found this helpful  

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

    Anonymous Employee (Former Employee)
    New York, NY

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

    ConsFor 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.

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    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • No Opinion of CEO

    3 people found this helpful  

    100 hours/week, no work-life balance

    Investment Banking Analyst (Former Employee)
    New York, NY

    ProsGreat training program, that's about it

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

    Advice to Senior ManagementTreat your employees with dignity

    No, I would not recommend this company to a friend

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    • Work/Life Balance
           
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    • Disapproves of CEO

     

    Run away.

    Anonymous Employee (Former Employee)

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

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

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

    No, I would not recommend this company to a friend

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    • Work/Life Balance
           
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    • Disapproves of CEO

    3 people found this helpful  

    dreadful, no work life balance, bad culture

    Analyst (Former Employee)
    Paris (France)

    Prosgood team working, round up experience

    Consemployees, managers, no career growth

    No, I would not recommend this company to a friend

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