Lazard Reviews | Glassdoor

Lazard Reviews

Updated December 12, 2017
51 reviews

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4.0
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Lazard Chairman and CEO Kenneth M. Jacobs
Kenneth M. Jacobs
17 Ratings

51 Employee Reviews

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Pros
  • Strong deal flow and very good place to build your skills (in 16 reviews)

  • High quality experience and great brand name (in 11 reviews)

Cons
More Pros and Cons

  1. "Lazard MM IB Analyst"

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

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

    Pros

    Lean deal teams, reputation, deal quality, deal flow

    Cons

    Hours, mundane work at times


  2. "Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Neutral Outlook

    I have been working at Lazard full-time

    Pros

    Very strong deal flow, Strong name brand within finance, Will definitely learn a lot on the job

    Cons

    More relationship hires than merit-based hires, Low bonus numbers compared to peers, HR makes a lot of fake promises and nothing ever changes

  3. "IB/M&A analyst review"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Banking Analyst in New York, NY
    Former Employee - Investment Banking Analyst in New York, NY
    Recommends
    Approves of CEO

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

    Pros

    Very bright, professional, thoughtful and collaborative workplace. Strong deal flow and very good place to build your skills

    Cons

    You will work harder than you ever thought possible. Culture for analysts can be difficult sometimes and they don't always get the exposure analysts at other firms can get on deals


  4. "Good Culture/Bad Salary"

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

    I worked at Lazard full-time (More than 5 years)

    Pros

    -Good culture, smart people, decent management
    -Good work/life balance

    Cons

    -Low salaries compared to the industry
    -Old creaky tech with old creaky IT staff

    Advice to Management

    -Pay people what they're worth
    -Update your tech


  5. "The premier investment bank"

    StarStarStarStarStar
    • 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.


  6. "Top Advisory Bank"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Lazard full-time

    Pros

    Collegiate, great deals, top reputation, learn a lot

    Cons

    Lean culture means lack of resourcing, opaque promotions once you get near top


  7. Helpful (1)

    "Great Organizatoin"

    StarStarStarStarStar
    • 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

  8. Helpful (1)

    "Standard investment banking firm"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Lazard full-time

    Pros

    Small teams to gain solid deal experience and exposure to upper level management

    Cons

    Very group dependent, but tough hours and culture is very formal compared to many other banks even


  9. "Great benefit package"

    StarStarStarStarStar
    • 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


  10. Helpful (3)

    "Good Place"

    StarStarStarStarStar
    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


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