Lazard

  www.lazard.com
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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
10 Employee Reviews Back to all reviews
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    1 person found this helpful  

    Overworked to the extreme

    Anonymous Employee (Former Employee)

    ProsGreat name and reputation as an M&A shop

    ConsThey work you to death

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

    1 person found this helpful  

    Balanced

    Investment Banking Analyst (Current Employee) New York, NY

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

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

    Advice to Senior ManagementFocus on the junior talent. Build from the ground up for more positive work environment

    No, I would not recommend this company to a friend

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

    1 person found this helpful  

    Positive

    Vice President (Current Employee) New York, NY

    ProsInteresting daily job, plenty of opportunities

    ConsLong Hours, midtown location, not enough vacation days

    Advice to Senior ManagementTake care of your employees

    Yes, I would recommend this company to a friend

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

    1 person found this helpful  

    Strong culture, proud employees

    Anonymous Employee (Current Employee) New York, NY

    ProsGreat brand, good reputation.
    Competitive pay
    Decent benefits

    ConsDreary offices
    Long hours
    Little job security

    Advice to Senior ManagementMore stock to employees

    Yes, I would recommend this company to a friend

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

    2 people found this helpful  

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

    Vice President (Former Employee) New York, NY

    Pros1. Fantastic place to gain experience and work with some of the best minds
    2. Restructuring and FIG are probably the strongest groups

    Cons1. 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 Senior ManagementThe 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.

    Yes, I would recommend this company to a friend

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

     

    Good franchise

    Senior Associate (Former Employee) Hong Kong (Hong Kong)

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

    ConsNot 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.

    No, I would not recommend this company to a friend

    • Career Opportunities

     

    Refreshing

    Anonymous Employee (Current Employee)

    ProsGreat culture and people to work with.

    ConsIn the face of unpredictability never a dull moment.

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

     

    controleur de gestion

    Controleur De Gestion (Former Employee) Paris (France)

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

    ConsNot very well paid, in spate of the fame!

    Advice to Senior ManagementShort period, so not a lot of interaction!

    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

    2 people found this helpful  

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

    Vice President (Former Employee) Milano (Italy)

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

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

    Advice to Senior ManagementMore focus on meritocracy
    Wide product range

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

    1 person found this helpful  

    Investment Banking Analyst Review

    Investment Banking Analyst (Former Employee)

    Pros-Bulge-bracket feel but with generally smaller deal teams
    -good deal experience

    Cons-Experience is very different between regional offices vs. headquarters (analysts at regional offices tend to work a lot more hours but are not compensated as well due to less analysts and just as much if not more work; also office politics more prominent at regional offices)
    -Usual cons of banking: facetime, general lack of care for your quality of life

    Advice to Senior Management-People learn in different ways -- not all learn the best when they are constantly yelled at; some investment in structure of on-the-job training would be well-received

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