Lazard

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Lazard Reviews

Updated Apr 7, 2014

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All Employees Current Employees Only

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
8 Employee Reviews Back to all reviews
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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    Unfortunately Senior management does not care about anyone other than the MD, the rest be damned

    Vice President (Former Employee) New York, NY

    ProsAllows people to do things other companies would not

    ConsToo many hours of working on my own time with no acknowledgement. Unless you work in banking the pay is very low in comparison to other Wall Street firms. Too many senior managers that do nothing but cover their ass, they do not listen to those that actually might know something about what the company could do better

    Advice to Senior ManagementBring more women into senior management and listen to what people have to say.

    No, I would not recommend this company to a friend

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

    3 people found this helpful  

    If you want to know how does it feel to be a factory worker in china ... lazard is for you!

    Information Technology (Current Employee) New York, NY

    Prosjust having a job, great kitchen, most of the employees are a wonderful people

    ConsBlind leading the blind is a right expression here. IT department is ran by people that have non of the managerial insight, they do not know how to run things, they do not have any managerial education, they don't listen to what people telling them, they are heartless and blind. Everything is ran around ranks, strangely enough a lot of people in management get away with only 20 minutes of work per day all the meanwhile bashing their employees that they do not perform up to the par. Everything is holding itself on glue. No matter how hard you work, this company with not take it in to the account. You can stay there day and night , even work on your own time and still you will have a performance issue that the management can not explain.

    Advice to Senior ManagementMany of the managing directors and directors that I have helped are wonderful people, but unfortunately many more act like animals. My advise it to be more human, and if need be please read management for dummies.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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

    1 person found this helpful  

    Tough culture

    Anonymous Employee (Former Employee) New York, NY

    ProsLazard is a great place to cut your teeth for a few years. You earn a great name on the resume and work with some of the most intelligent and technical people in finance.

    ConsThe culture of the firm is tough. There is a touchy-feely French culture that is a carryover from its legacy as a French bank.

    No, I would not recommend this company to a friend

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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    Waste of time

    Analyst (Former Employee) London, England (UK)

    ProsGood learning experience (BUT you 90% of everything you need to learn in 6 months and then start repeating yourself)

    Some of the old bankers are incredible and the last remnants of when IBD attracted some of the most interesting (and dare I say cleverest) people in the world - very unlikely if you join now you'll have any interaction with them

    ConsHuge nepotism - "what school did you go to haw haw"

    Layers of mediocre senior and mid-management

    Huge amounts of unnecessary work

    London in perpetual decline - bailed out by NYC and Paris again and again - not good for morale

    The CEO / partner level employees in London generally have as much charisma as a damp rag.

    Super firings every few months - not good for morale

    Losing deals in the UK again and again

    Absolutely no respect for work life balance. Genuinely do not care about you or your life.

    Poor comp vs peers at BB

    Advice to Senior ManagementIf you really want to retain people stop killing them for no reason

    Bring leadership, backbone and charisma to the senior levels.

    Stop being so political

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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

     

    Learn & Endure - M&A at Lazard

    M&A Analyst (Former Employee) Paris (France)

    Pros- High technical learning curve (valuation methods, M&A process steps, market knowledege, excel/ppt)
    - Great atmosphere among interns

    Cons- Highly repetitive (same models and processes over & over again)
    - Lack of creativity & initative (go by the book or die)
    - Inhuman work hours (average of 9:30PM-2AM during week days and work during most of week-ends)
    - 80% of no-brainer tasks (administration, data crunching)

    Advice to Senior Management- Create a structured graduate program for your interns and future bankers instead of just using them as meat
    - Develop training for interns, alumni meetings, tutoring by more senior bankers etc. Due to the inefficiency rate in daily work, I don't believe that time is the lacking factor

    No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    1 person found this helpful  

    Work hard, no play

    Anonymous Employee (Current Employee)

    ProsSometimes interesting work, decent pay

    ConsLong hours, bad senior leadership within office

    No, I would not recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    2 people found this helpful  

    Lazard

    Anonymous Employee (Former Employee)

    ProsPrestige (adding strong brand to resume)
    Lean teams allow you to learn quickly and take on a ton of responsibility

    ConsPoor treatment of employees
    Highly Political

    Advice to Senior Management--

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

    1 person found this helpful  

    Not HERE!!

    Programmer Analyst (Current Employee)

    Pros-good benefits
    -lots of flex time and time off
    -There is work to be done
    -Good name recognition to outside world

    Cons-Management is not trained in managing people
    -Rude managers
    -Will treat you like a slave in regards to getting work done
    -Very little feedback on work completed

    Advice to Senior ManagementStart valuing your employees. They are the heart and soul of your business. Also realize the importance of IT. Ensure that they have the opportunity to grow and advance their skillset.

    No, I would not recommend this company to a friend

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