Lazard

  www.lazard.com
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Lazard Reviews

Updated May 14, 2014

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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
11 Employee Reviews Back to all reviews
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    • Culture & Values
    • Work/Life Balance
    • Senior Management
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    • Approves of CEO

     

    Great company

    Anonymous Employee (Current Employee) New York, NY

    ProsGreat place to grow and start your career

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

    Advice to Senior ManagementYou 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.

    No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

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    Great learning experience being on a lean deal team

    Associate (Former Employee) New York, NY

    ProsYou 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.

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

    Yes, I would recommend this company to a friend

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    • No Opinion of CEO

     

    Great company, but great divide in compensation

    Executive Assistant (Former Employee) New York, NY

    ProsGreat benefits from day 1, Office full of intelligent people

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

    Yes, I would recommend this company to a friend

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    • Culture & Values
    • Work/Life Balance
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    2 people found this helpful  

    Great brand and experience, difficult culture

    Investment Banking Associate (Former Employee) New York, NY

    ProsPrestigious 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.

    ConsDifficult/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 Senior ManagementFocus more on fostering the development of your employees

    • Culture & Values
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    M&A masters

    Anonymous Employee (Former Employee)

    ProsWorking with smart and talented people

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

    Advice to Senior ManagementNot particularly friendly

    • Culture & Values
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    Great company to work for.

    Secretary (Former Employee) New York, NY

    ProsWork with highest quality Ivy league educated professionals

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

    Advice to Senior ManagementReward top performing administrative assistants to retain them.

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

    Anonymous Employee (Current Employee) Jersey City, NJ

    ProsFriendly, Helpful, Fun, Good Work Environment,

    ConsClients, Changes in policies, Management Decisions

    Yes, I would recommend this company to a friend

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    Good place to work at

    Investment Banking Associate (Current Employee) New York, NY

    ProsLazard 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.

    ConsThe 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 Senior ManagementThere 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

    Yes, I would recommend this company to a friend

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    • No Opinion of CEO

     

    Intense experience

    Investment Banking Associate (Current Employee) Buenos Aires (Argentina)

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

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

    Advice to Senior ManagementEnhance communication between juniors and senior management

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Work/Life Balance
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    • Approves of CEO

    2 people found this helpful  

    Prestigious M&A shop... but still investment banking end of the day

    Anonymous Employee (Former Employee)

    ProsVery prestigious M&A shop with an ability to take on more responsibility as an analyst than most other Firms on the street. Having worked at more than one bulge bracket, I found the most rewarding and best learning experience at Lazard. The financial modeling experience is very high at Lazard and the breadth of projects worked on was good.

    ConsLeverage workforce more than other Firms = more hours, more work, more stress. As with most investment banks, the better an analyst you are, the more you will work because every manager wants you to do their work,

    Advice to Senior ManagementMy advice to management is to keep the good training experience but try not to run kids into the ground

    Yes, I would recommend this company to a friend

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