Lazard Reviews

Updated August 11, 2014
Updated August 11, 2014
40 Reviews
3.0
40 Reviews
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Lazard Chairman and CEO Kenneth M. Jacobs
Kenneth M. Jacobs
12 Ratings

11 Employee Reviews Back to all reviews

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  1. 1 person found this helpful  

    Overworked to the extreme

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Lazard

    Pros

    Great name and reputation as an M&A shop

    Cons

    They work you to death

  2. 1 person found this helpful  

    Balanced

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

    I have been working at Lazard full-time for more than a year

    Pros

    Junior guys are great and very senior guys are good.
    Great benefits even at the junior level
    Generally good exit opps for junior people

    Cons

    Compensation was below street
    Firm relies on its reputation to attract top talent
    Hours can be difficult

    Advice to ManagementAdvice

    Focus on the junior talent. Build from the ground up for more positive work environment

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  3. 1 person found this helpful  

    Positive

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

    I have been working at Lazard

    Pros

    Interesting daily job, plenty of opportunities

    Cons

    Long Hours, midtown location, not enough vacation days

    Advice to ManagementAdvice

    Take care of your employees

    Recommends
    Approves of CEO
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  5. 1 person found this helpful  

    Strong culture, proud employees

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

    I have been working at Lazard

    Pros

    Great brand, good reputation.
    Competitive pay
    Decent benefits

    Cons

    Dreary offices
    Long hours
    Little job security

    Advice to ManagementAdvice

    More stock to employees

    Recommends
    No opinion of CEO
  6. 3 people found this helpful  

    Prestigious and rewarding place to work, though chose to leave for a variety of reasons

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

    I worked at Lazard

    Pros

    1. Fantastic place to gain experience and work with some of the best minds
    2. Restructuring and FIG are probably the strongest groups

    Cons

    1. Resources and sharing can be very limited compared to other banks. They often "reinvent the wheel."
    2. While certianly not limited to just Lazard, the work of a few groups or stars there really can support many of the pricey senior partners. Post-Wasserstein, the number of idle "FOBs" (Friends of Bruce) with big pay packages swelled, which seemed to be his form of return-of-favor from his past career.
    3. Unfortuantely too many incompetent junior hires, often there from nepotism or favors (children of clients).

    Advice to ManagementAdvice

    The cash-out from the IPO lessened the urgency for continued hard work with many partners. Non-producing partners should go, or more should be converted to limited partners.

    Recommends
    Approves of CEO
  7.  

    Cut your teeth and leave

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

    I worked at Lazard full-time for more than 3 years

    Pros

    Lazard has a highly intellectual culture and a respected brand name. Junior employees get a lot of exposure and responsibility very quickly (even by investment banking standards). The culture is very formal and polite. There is a minimum of bureaucracy. Great exit opportunities.

    Cons

    Junior employees are treated as replaceable units of production and are forced to work extremely hard even by investment banking standards. All junior employees constantly complain about the workload and absence of any work-life balance and fantasize the about the day that they'll leave (when you announce your intention to leave Lazard, the standard response from your peers is "Congratulations!"). On-boarding and off-boarding procedures are non-existent. Compensation is relatively low (working for Lazard is meant to be its own reward...). The organization is very political, especially when it comes to promotions and compensation. Although externally the company postures as a great workplace for women, internally it is a very chauvinistic and a (white) male-dominated culture.

    Advice to ManagementAdvice

    Don't treat junior employees like livestock

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8.  

    Good franchise

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Associate  in  Hong Kong (Hong Kong)
    Former Employee - Senior Associate in Hong Kong (Hong Kong)

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

    Pros

    Professional colleagues, global network reach and cooperation between global offices. Good support for industry expertise and local knowledge from local teams.

    Cons

    Not as well-recognized in Asia as in Europe and US. Terrible hours. Lower pay than bulge brackets. Not top deal flow. In Asia limited quality senior guidance for junior staff.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  9.  

    Refreshing

    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Lazard

    Pros

    Great culture and people to work with.

    Cons

    In the face of unpredictability never a dull moment.

  10.  

    controleur de gestion

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Controleur De Gestion  in  Paris (France)
    Former Employee - Controleur De Gestion in Paris (France)

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

    Pros

    Good location in Paris.
    French atmosphere in the office.
    offices of 3-4-5 people.

    Cons

    Not very well paid, in spate of the fame!

    Advice to ManagementAdvice

    Short period, so not a lot of interaction!

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  11. 2 people found this helpful  

    One of the oldest and most respectable organisation in the investment banking world

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Vice President  in  Milano (Italy)
    Former Employee - Vice President in Milano (Italy)

    I worked at Lazard

    Pros

    Well recognised brand name
    Strong franchise
    Truly international organisation
    Strong senior management

    Cons

    Difficult to balance work and social life
    Salaries below market average
    Unfair promotion policy

    Advice to ManagementAdvice

    More focus on meritocracy
    Wide product range

    No opinion of CEO

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