Lazard Reviews

40 Reviews

3.0
40 Reviews
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Lazard Chairman and CEO Kenneth M. Jacobs
Kenneth M. Jacobs
12 Ratings

5 Employee Reviews Back to all reviews

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  1. 2 people found this helpful  

    Backwards leadership and direction

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

    I worked at Lazard full-time for more than a year

    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 ManagementAdvice

    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.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  2. 2 people found this helpful  

    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.

  3. 3 people found this helpful  

    100 hours/week, no work-life balance

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

    I worked at Lazard full-time for more than a year

    Pros

    Great training program, that's about it

    Cons

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

    Advice to ManagementAdvice

    Treat your employees with dignity

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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  5.  

    Run away.

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

    I worked at Lazard

    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 ManagementAdvice

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

    Doesn't Recommend
    Disapproves of CEO
  6. 3 people found this helpful  

    dreadful, no work life balance, bad culture

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

    I worked at Lazard

    Pros

    good team working, round up experience

    Cons

    employees, managers, no career growth

    Doesn't Recommend
    Disapproves of CEO

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