Lazard Reviews | Glassdoor

Lazard Reviews

Updated April 10, 2017
108 reviews

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3.7
Star Star Star Star Star
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Lazard Chairman and CEO Kenneth M. Jacobs
Kenneth M. Jacobs
38 Ratings

108 Employee Reviews

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Pros
  • The deal flow is very good and provides good exposure (in 11 reviews)

  • Brand name will help in future applications (in 10 reviews)

Cons
  • Work life balance is pretty poor (in 15 reviews)

  • Long hours so your social/personal life suffers somewhat (in 25 reviews)

More Pros and Cons

  1. "The premier investment bank"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in New York, NY
    Former Employee - Vice President in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Lazard full-time (More than 3 years)

    Pros

    There is no better place to be if you want to work on M&A, corporate finance, and strategic advisory for the world's most demanding and prestigious clients.

    Cons

    Long hours and pay has been slightly below peers in recent years.

    Advice to Management

    Continue to focus on being the leading provider of independent advice, but that can only be sustained if top talent is nurtured and allowed to rise through the ranks. Focus on rewarding and paying more attention to your best employees In this day and age, the prestige and cachet of the firm is no longer sufficient to retain top talent. Career development, compensation, and genuine interest in developing a work-life balance culture is key.


  2. "Great Organizatoin"

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

    I worked at Lazard (More than 10 years)

    Pros

    The bankers and asset managers are extremely bright, focused and successful. Working with them can be a joy

    Cons

    For non-revenue functions, like many companies, it can be difficult to grow


  3. "Director of Internal Audit"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Director of Internal Audit in New York, NY
    Former Employee - Director of Internal Audit in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Lazard (More than 10 years)

    Pros

    Very talented and knowledgeable peers, great location

    Cons

    staffing could be a bit thin during crunch time

    Advice to Management

    Keep up the good work


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  5. "Investment Banking Analyst"

    Star Star Star Star Star
    Former Employee - Investment Banking Analyst in San Francisco, CA
    Former Employee - Investment Banking Analyst in San Francisco, CA

    I worked at Lazard full-time (More than a year)

    Pros

    Great deal flow, interesting projects, opportunities to enhance learning and become promoted, great mobility between locations (strong support from HR)

    Cons

    High turnover rate among analysts which created burden and pressure on rest of team to pick up the work. Too little associates compared to number of VPs which sometimes meant lack of guidance and efficiency from management

    Advice to Management

    Foster guidance among analysts, create a positive learning experience, more hands-on in providing feedback and opportunities for improvement


  6. "Great benefit package"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Administrative Assistant in New York, NY
    Current Employee - Administrative Assistant in New York, NY
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Lazard full-time (More than 3 years)

    Pros

    Great benefit package. Low out of pocket expense. This is a definite positive thing for a large company. They are always adding more benefits

    Cons

    Need to improve on job posting. The only way to hear about an opening is through the grapevine. They need to do like other large firms and post them on the website.

    Advice to Management

    None


  7. Helpful (3)

    "Trade-offs..."

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

    I have been working at Lazard full-time

    Pros

    - Extremely high quality work and learning opportunities (if you want to take advantage of them)
    - Good exit options due to brand name
    - Strong senior bankers and good deal flow (depends on sector team though; some are weak - do your research!)

    Cons

    - Still has the oppressive culture of a 1980s/1990s investment bank, but in a world that has since moved on - no one is getting rich in banking anymore...
    - Work/life balance is unnecessarily poor; false deadlines are a constant feature, and fear of senior bankers drives a lot of 'panicked' over-work at the VP/Director level
    - Very very hierarchical; even VPs are lucky to go to client meetings most of the time. Associates and analysts can forget about it

    Advice to Management

    I don't even know. The trade-off still makes sense at the analyst and associate level, but only as an apprenticeship for max 2 years. The IB world has moved on in terms of culture, lifestyle, personal development opportunities; I think Lazard in the next 5 years is going to see a really, really serious decline in ability to generate management organically (i.e. Associates staying on to VP). But the path to a better culture is truly unclear in a organization that is so rigidly siloed between sector groups. Good luck!


  8. Helpful (3)

    "Good Place"

    Star Star Star Star Star
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Recommends
    Positive Outlook

    Pros

    Very smart people, great access to CEOs and large transactions, high integrity, opportunity to make decent money, good support staff

    Cons

    Not very supportive of young people, bad behavior is forgiven if the person is a "producer", little camaraderie or esprit de corps, extremely long hours without much recognition.

    Advice to Management

    Take seriously the concerns of the people who really care about the place and be willing to stand up to the abusive high producers. Preserve the culture of autonomy but add some more compassion


  9. Helpful (2)

    "Investment Banking Analyst"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Recommends
    Positive Outlook

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

    Pros

    1. Growth potential: valuation, investment analysis, deal making, etc.
    2. Financial stability

    Cons

    1. Hours are longer than normal finance careers (~90hrs/week)

    Advice to Management

    Keep developing junior bankers


  10. Helpful (1)

    "ALTERNATIVE INVESTMENTS OPERATIONS"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - ALTERNATIVE INVESTMENTS OPERATIONS in New York, NY
    Current Employee - ALTERNATIVE INVESTMENTS OPERATIONS in New York, NY

    Pros

    good environment, good benefit, kitchen has sparkling water

    Cons

    Operation works are boring and managers are crazy about details such as not being late or don't use cellphones and don't browse the websites.
    It's hiring freeze for full time employees right now.


  11. Helpful (1)

    "Associate"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Neutral Outlook

    I worked at Lazard (More than 3 years)

    Pros

    Great exposure to senior deal makers, lean deal teams create intense learning environment, constantly busy, good brand name on resume

    Cons

    Junior bankers are treated like a commodity. Deadlines are often fake and can leave junior bankers pulling unnecessary long hours. Culture needs drastic change. Pays below street

    Advice to Management

    Treat junior bankers with more respect via culture changes and better pay.



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