Lazard Reviews

Updated April 18, 2015
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  1. Helpful (2)

    Former Analyst

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

  2. 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 Management

    Not particularly friendly

  3. 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 Management

    Reward top performing administrative assistants to retain them.

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  5. Helpful (1)

    Balanced

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

    I have been working at Lazard full-time (More than a year)

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    Junior guys are great and very senior guys are good.
    Great benefits even at the junior level
    Generally good exit opps for junior people

    Cons

    Compensation was below street
    Firm relies on its reputation to attract top talent
    Hours can be difficult

    Advice to Management

    Focus on the junior talent. Build from the ground up for more positive work environment

  6. Helpful (1)

    Tough culture

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY

    I worked at Lazard

    Doesn't Recommend
    No opinion of CEO
    Doesn't Recommend
    No opinion of CEO

    Pros

    Lazard is a great place to cut your teeth for a few years. You earn a great name on the resume and work with some of the most intelligent and technical people in finance.

    Cons

    The culture of the firm is tough. There is a touchy-feely French culture that is a carryover from its legacy as a French bank.

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

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Jersey City, NJ
    Current Employee - Anonymous Employee in Jersey City, NJ

    I have been working at Lazard

    Recommends
    No opinion of CEO
    Recommends
    No opinion of CEO

    Pros

    Friendly, Helpful, Fun, Good Work Environment,

    Cons

    Clients, Changes in policies, Management Decisions

  8. Helpful (1)

    Positive

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President in New York, NY
    Current Employee - Vice President in New York, NY

    I have been working at Lazard

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    Interesting daily job, plenty of opportunities

    Cons

    Long Hours, midtown location, not enough vacation days

    Advice to Management

    Take care of your employees

  9. Helpful (1)

    Strong culture, proud employees

    • Comp & Benefits
    • 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

    Recommends
    No opinion of CEO
    Recommends
    No opinion of CEO

    Pros

    Great brand, good reputation.
    Competitive pay
    Decent benefits

    Cons

    Dreary offices
    Long hours
    Little job security

    Advice to Management

    More stock to employees

  10. Helpful (3)

    Prestigious and rewarding place to work, though chose to leave for a variety of reasons

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President in New York, NY
    Former Employee - Vice President in New York, NY

    I worked at Lazard

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    1. Fantastic place to gain experience and work with some of the best minds
    2. Restructuring and FIG are probably the strongest groups

    Cons

    1. Resources and sharing can be very limited compared to other banks. They often "reinvent the wheel."
    2. While certianly not limited to just Lazard, the work of a few groups or stars there really can support many of the pricey senior partners. Post-Wasserstein, the number of idle "FOBs" (Friends of Bruce) with big pay packages swelled, which seemed to be his form of return-of-favor from his past career.
    3. Unfortuantely too many incompetent junior hires, often there from nepotism or favors (children of clients).

    Advice to Management

    The cash-out from the IPO lessened the urgency for continued hard work with many partners. Non-producing partners should go, or more should be converted to limited partners.

  11. Helpful (2)

    I left prior to 2006 but these comments are still relevant

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    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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