Lazard

www.lazard.com

Lazard Reviews

Updated January 22, 2015
Updated January 22, 2015
45 Reviews
3.1
45 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Lazard Chairman and CEO Kenneth M. Jacobs
Kenneth M. Jacobs
14 Ratings

15 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Only if you want to do M&A

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

    I have been working at Lazard

    Pros

    + Lean deal team, great experience, but sometimes hours can be really bad because of that
    + Strong deal flow
    + Don't need to write internal memos for various committees - bankers at BB know what I'm talking about
    + Smart people
    + Strong brand name and excellent exit op. in finance

    Cons

    + Limited knowledge bank
    + Senior people really don't care about Analysts
    + Good Associates often quit...
    + Some senior people should leave

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Nice place

    • Comp & Benefits
    • Work/Life Balance
    • Culture & Values
    Current Employee - Administrative in New York, NY
    Current Employee - Administrative in New York, NY

    I have been working at Lazard full-time (more than 5 years)

    Pros

    Nice offices, many nice people

    Cons

    Can be intense, long hours for many

  3.  

    Fantastic transactional experience, great brand name, but firm structure can be better

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

    I worked at Lazard full-time (more than an year)

    Pros

    Professional colleagues, global reach for a pure-financial advisory firm. Fantastic brand recognition on Wall Street and instant credibility conferred. For junior employees, the Firm supports buy-side / other exit opportunities recruiting; no need to interview behind the firm's back.

    Cons

    Lacks resources on many fronts, but most noticeable in the administrative side. The lack of administrative support means employees generally have to do a lot more admin work. The Firm has a weak presence in Asia. Mobility is not as highly promoted as in other firms.

    Advice to ManagementAdvice

    Consider work-life balance for junior employees. There are alternatives that Wall Street is currently exploring to make this industry a more attractive place to develop a career.

    Recommends
    Positive Outlook
    No opinion of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    Great company

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

    I have been working at Lazard full-time (more than 10 years)

    Pros

    Great place to grow and start your career

    Cons

    This is not a place to stay, it's best described as a stepping stone to bigger and better things.

    Advice to ManagementAdvice

    You should value the employees who are the most loyal. There is a great deal of talent within the firm who are continuously overlooked for promotions every year.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  6.  

    Great learning experience being on a lean deal team

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

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

    Pros

    You will get a lot of experience across all functions of an investment banker, because you are on a deal team that is smaller than what is typical for bulge brackets (basically 2-4 people vs 3-6 at a bulge bracket).
    Pay on par with bulge brackets.

    Cons

    Culture is sometimes corrosive and could be improved.
    Analysts and associate work very long hours. The company has not announced a policy for analysts/associate that allows them to take some weekends off (even though competitors like Goldman and BAML have).

    Advice to ManagementAdvice

    Improve the culture, try to keep up with bulge brackets in terms of work/life balance.

    Recommends
    Neutral Outlook
    Approves of CEO
  7.  

    Great company, but great divide in compensation

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

    I worked at Lazard full-time (more than an year)

    Pros

    Great benefits from day 1, Office full of intelligent people

    Cons

    Assistants' compensation is on the low end for the industry, never large raises, even if you are "promoted" to assist someone more senior-- your hiring pay rate dictates where you'll stay

    Advice to ManagementAdvice

    Give bankers the option to suggest larger raises for their support, so people don't have to leave to get a decent raise

    Recommends
    Neutral Outlook
    No opinion of CEO
  8. 2 people found this helpful  

    Great brand and experience, difficult culture

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

    I worked at Lazard full-time

    Pros

    Prestigious name
    M&A deal flow
    Lean deal teams provide a great experience/development (provided you are proactive)
    Very smart people

    The street recognizes the high caliber of the firm so the name will open a lot of doors. Unlike most large firms, as a junior person you will handle a lot more responsibility and and accountability.

    Cons

    Difficult/impersonal culture
    Long hours/ difficult lifestyle
    Job security

    There is a fair amount of turnover at the firm with analysts regularly leaving early for PE/HF or just burning out. Also, mid- and senior-level bankers often leave due to being passed over for promotion or being fired outright for no apparent reason other than there was no MD pulling for them. Politics play a big role here. The rest of Wall Street generally recognizes this.

    Advice to ManagementAdvice

    Focus more on fostering the development of your employees

    Neutral Outlook
  9.  

    M&A masters

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

    I worked at Lazard

    Pros

    Working with smart and talented people

    Cons

    Can be disadvantages of working as part of a lean deal team

    Advice to ManagementAdvice

    Not particularly friendly

  10.  

    Great company to work for.

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

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

    Pros

    Work with highest quality Ivy league educated professionals

    Cons

    Salary not competitive with other investment banking firms for administrative support staff.

    Advice to ManagementAdvice

    Reward top performing administrative assistants to retain them.

  11.  

    Good experience, everyone is friendly/helpful in the department I work for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in Jersey City, NJ
    Current Employee - Anonymous Employee in Jersey City, NJ

    I have been working at Lazard

    Pros

    Friendly, Helpful, Fun, Good Work Environment,

    Cons

    Clients, Changes in policies, Management Decisions

    Recommends
    No opinion of CEO

Work at Lazard? Share Your Experiences

Lazard

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.