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

12 Employee Reviews Back to all reviews

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  1.  

    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 for more than a 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
  2.  

    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 for 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
  3.  

    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 for 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
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  5.  

    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 for more than a 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
  6. 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
  7.  

    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

  8.  

    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 for 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.

  9.  

    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
  10.  

    Good place to work at

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

    I have been working at Lazard

    Pros

    Lazard has a great reputation and is generally a good place to work. The place has some very talented and reputed senior level bankers. Deal quality and flow is generally good and since it is not a bulge-bracket, you avoid some of the non-sensical pitching you see at the larger banks.

    Cons

    The company is light on admin and you often have to get a whole lot of work admin done yourself. The offices are dated and in need of new furniture. Primary focus is US and UK, France in Europe. Insignificant in Asia.

    Advice to ManagementAdvice

    There needs to be more communication between regions and offices. I feel each office and country is run like a separate bank. There is less sharing of information or data or ideas than one sees in more global banks

    Recommends
    Approves of CEO
  11.  

    Intense experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Investment Banking Associate  in  Buenos Aires (Argentina)
    Current Employee - Investment Banking Associate in Buenos Aires (Argentina)

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

    Pros

    Exposure to clients
    Exposure to transactions in all Latin American region
    Very knowledge-specific industry groups
    Several offices: Buenos Aires, Santiago, Lima, Panama, Bogota

    Cons

    Cultural ADN of the company
    Long hours
    Growth Opportunities from Director position onwards
    Salaries
    Short vacations

    Advice to ManagementAdvice

    Enhance communication between juniors and senior management

    Recommends
    Positive Outlook
    No opinion of CEO

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