Lazard Reviews

Updated March 1, 2015
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Lazard Chairman and CEO Kenneth M. Jacobs
Kenneth M. Jacobs
18 Ratings

10 Employee Reviews

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

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

    I worked at Lazard full-time (more than 10 years)

    Pros

    Allows people to do things other companies would not

    Cons

    Too 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 ManagementAdvice

    Bring more women into senior management and listen to what people have to say.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  2. 4 people found this helpful

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Contractor - Information Technology in New York, NY
    Current Contractor - Information Technology in New York, NY

    I have been working at Lazard as a contractor (more than a year)

    Pros

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

    Cons

    Blind 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 ManagementAdvice

    Many 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.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  3. 1 person found this helpful

    Tough culture

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

    I worked at Lazard

    Pros

    Lazard 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.

    Cons

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

    Doesn't Recommend
    No opinion of CEO
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  5. Great perspectives and brand but extreme working hours and stressed atmosphere

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Intern in Frankfurt am Main (Germany)
    Former Employee - Intern in Frankfurt am Main (Germany)

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

    Pros

    Nice people, benefits, cross-border work

    Cons

    Working hours, no time for learning, ineffective work

  6. 3 people found this helpful

    Tedious

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in London, England (UK)
    Former Employee - Anonymous Employee in London, England (UK)

    I worked at Lazard full-time (more than 5 years)

    Pros

    A good name to have on your cv!

    Cons

    No career progression, long hours. Work is repetitive.

    Advice to ManagementAdvice

    Get rid of the old wood and accept change to move with the times.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  7. 2 people found this helpful

    Waste of time

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Analyst in London, England (UK)
    Former Employee - Analyst in London, England (UK)

    I worked at Lazard full-time (more than 3 years)

    Pros

    Good 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

    Cons

    Huge 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 ManagementAdvice

    If 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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8. 1 person found this helpful

    Work hard, no play

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

    I have been working at Lazard

    Pros

    Sometimes interesting work, decent pay

    Cons

    Long hours, bad senior leadership within office

    Doesn't Recommend
    Approves of CEO
  9. 2 people found this helpful

    Lazard

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

    I worked at Lazard

    Pros

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

    Cons

    Poor treatment of employees
    Highly Political

    Advice to ManagementAdvice

    --

    Approves of CEO
  10. 1 person found this helpful

    Not HERE!!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Programmer Analyst
    Current Employee - Programmer Analyst

    I have been working at Lazard

    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 ManagementAdvice

    Start 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.

    Doesn't Recommend
    No opinion of CEO
  11. Apprends et endure – M&A (Fusion-acquisition) chez Lazard Learn & Endure - M&A at Lazard

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Intern - Analyste M&A in Paris (France)
    Former Intern - Analyste M&A in Paris (France)

    I worked at Lazard as an intern (less than a year)

    (Translated from English)

    Pros

    – Apprentissage technique de haut niveau (les méthodes d'évaluation, étapes du processus Fusion-acquisition (M&A), connaissance du marché, Excel / PowerPoint).

    – Bonne ambiance parmi les stagiaires.

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

    Cons

    – Très répétitif (les mêmes modèles et processus à maintes reprises).

    – Manque de créativité et d'initiative (suis les règles ou meurs).

    – Un horaire de travail inhumain (en moyenne de 21 h 30 à 02 h en semaine et on travaille pendant la plupart des week-end).

    – 80% de travail irréfléchi (administration, référencement...).

    - 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 ManagementAdvice

    – Créez un programme d'études supérieures structuré pour vos stagiaires et futurs banquiers au lieu de les utiliser simplement comme de la viande.

    – Développez une formation pour les stagiaires, des réunions des anciens, un programme de tutorat par les g

    - 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

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

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