Lazard Reviews

Updated April 18, 2015
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5.0
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Lazard Chairman and CEO Kenneth M. Jacobs
Kenneth M. Jacobs
3 Ratings

Pros
  • Less red tape than a bulge bracket (in 5 reviews)

  • Lazard is very well positioned in the investment banking and asset management businesses which makes lazard a great and stable place to work (in 3 reviews)

Cons
  • Analysts and associate work very long hours (in 10 reviews)

  • Absolutely no respect for work life balance (in 4 reviews)

More Pros and Cons

5 Employee Reviews

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  1. Great experience

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

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

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Lazard is very well positioned in the investment banking and asset management businesses which makes lazard a great and stable place to work

    Cons

    There are few cons as the work life balance is good, pay is generally fair but not better than average, and the environment is relatively flat which is good

    Advice to Management

    Keep it up


  2. Helpful (2)

    Former Analyst

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

    I worked at Lazard

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    Top M&A deal flow with some of the sharpest people on the street. Easily one of the most prestigious shops and places heavily into mega-funds and PE like KKR, Blackstone, SLP, etc. Compensation above street average.

    Cons

    Tough work culture, long hours. Typical IBD but Lazard will definitely work you harder than the typical BB - Deutsche, Citi, etc.


  3. Helpful (2)

    I left prior to 2006 but these comments are still relevant

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

    I worked at Lazard

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    The amount of responsibility that can be delegated to employees low down on the overall professional hierarchy is impressive and can be a tremendous learning environment for rapid maturity for these younger employees. As one of the few investment banking firms left, and with its tremendous history, you can get some very interesting assignments delegated to smart, but 'green' (new) employees. .

    Cons

    It's hard work if business is busy. Don't plan on seeing your significant others much if you are working late night after night and weekends. However, that runs with the cycles. I suspect that with the economic slowdown the quality of life is much better.

    Advice to Management

    Stay in touch with Felix. His name is not in the running for the Obama administration so perhaps he can come back to Lazard one more time?


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  5. Learnt vast amounts in a short space of time

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

    I worked at Lazard as an intern

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    - Learning curve is steep - I learnt more in the spring insight programme than at any other bank - Smaller deal teams, more exposure/responsibility

    Cons

    - Long hours - Smaller analyst class so harder to get into - Work life balance is questioned - May not cover all sectors

    Advice to Management

    Longer spring internship programme


  6. Great firm - poor cutlure

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

    I worked at Lazard as an intern (Less than a year)

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    The brand name is very recognized, people will respect the fact that you worked there Great learning curve, as you get to have a lot of responsibility given to you very quickly

    Cons

    Very bad hours The culture is also very poor - higher-ups often don't respond to emails, they won't thank you even after 4 all-nighters Never a dull moment

    Advice to Management

    Improve internal communication structure Make sure the juniors are well trained in financial techniques, which is not always the case Provide more feedbacks



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