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
37 Employee Reviews
Relevance Date Rating
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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • 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

    • Culture & Values
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    • Approves of CEO

     

    Great experience

    Research Analyst (Current Employee) New York, NY

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

    ConsThere 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 Senior ManagementKeep it up

    Yes, I would recommend this company to a friend

    • Culture & Values
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    • Senior Management
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    • Career Opportunities
    • Approves of CEO

     

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

    • Culture & Values
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    • No Opinion of CEO

    2 people found this helpful  

    Backwards leadership and direction

    Desktop Support (Former Employee) New York, NY

    ProsSemi-Flexible Schedule, unlimited sick days (as long as you don't abuse it).

    ConsThe management has everything backwards. I worked within IT, and got a clear view of how backwards the priority's of the company were. In It "User Satisfaction" was the main objective, but all priority was put on quick response to calls and emails, and not on prevention of system issues, like say redundancy in critical systems. Even after Hurricane Sandy which crippled most of the company's IT infrastructure, there are Nepotism ran rampant, so if you were somebodies friend, you could get away with murder.

    Outside of IT (you get to see a lot as a tech), there's more nepotism (like "secretaries" that have no idea how to use Microsoft office), and a lot of unprofessional conduct. So called higher ups acting like spoiled children and trying to pass their work off on others (like asking tech support to edit documents for them). The analysts/research guys get absolutely abused. I often worked on issues for people who consistently was pushed to a point where they were working 8am to 4am the next morning. The lower levels of the company are not the place to be. Sadly most promotions are based not on how good you are, but how much butt you kiss.

    Advice to Senior ManagementWorker moral is the biggest element to success, don't ignore it. A house cleaning is needed to clear out the people who suck the life out of the company. Give people a chance to shine.

    No, I would not recommend this company to a friend

    1 person found this helpful  

    Accounting Dept - this is where the brain goes to die a slow painful death.

    Anonymous Employee (Former Employee) New York, NY

    ProsManagement in the accounting dept is super talented at filing papers with the use of color-coordinated tab.

    ConsFor most 16-year-olds, obtaining their driver's license is an important milestone. Most in the accounting department have yet to achieve this milestone. Let's not discuss competency in accounting, one needs to learn to walk before one can even consider running.

    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
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    • Disapproves of CEO

     

    Unfortunately Senior management does not care about anyone other than the MD, the rest be damned

    Vice President (Former Employee) New York, NY

    ProsAllows people to do things other companies would not

    ConsToo many hours of working on my own time with no acknowledgement. Unless you work in banking the pay is very low in comparison to other Wall Street firms. Too many senior managers that do nothing but cover their ass, they do not listen to those that actually might know something about what the company could do better

    Advice to Senior ManagementBring more women into senior management and listen to what people have to say.

    No, I would not recommend this company to a friend

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

    3 people found this helpful  

    If you want to know how does it feel to be a factory worker in china ... lazard is for you!

    Information Technology (Current Employee) New York, NY

    Prosjust having a job, great kitchen, most of the employees are a wonderful people

    ConsBlind leading the blind is a right expression here. IT department is ran by people that have non of the managerial insight, they do not know how to run things, they do not have any managerial education, they don't listen to what people telling them, they are heartless and blind. Everything is ran around ranks, strangely enough a lot of people in management get away with only 20 minutes of work per day all the meanwhile bashing their employees that they do not perform up to the par. Everything is holding itself on glue. No matter how hard you work, this company with not take it in to the account. You can stay there day and night , even work on your own time and still you will have a performance issue that the management can not explain.

    Advice to Senior ManagementMany of the managing directors and directors that I have helped are wonderful people, but unfortunately many more act like animals. My advise it to be more human, and if need be please read management for dummies.

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

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