Lazard Reviews | Glassdoor

Lazard Reviews

Updated April 5, 2017
44 reviews

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

44 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. "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


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  5. 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


  6. "Friendly Environment, Good Pay, Long Hours"

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

    I worked at Lazard as a contractor (Less than a year)

    Pros

    They staff treats you like family. Good pay. Senior staff form personal relationships with the employees so that they are never out of reach.

    Cons

    Long hours so your social/personal life suffers somewhat. Retention of temporary staffing is low.

    Advice to Management

    The process of retaining temporary/contract staff should be done prior to contracts ending. Human Resource Department should be better at following up with these individuals that are assets to your organizations continued success.


  7. Helpful (1)

    "Technology 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
    Approves of CEO

    I have been working at Lazard full-time (More than 10 years)

    Pros

    Good Company to work for. IT continues to evolve and expand

    Cons

    No real cons. I have had a great experience over the past few years

    Advice to Management

    Keep doing what you are doing!

    Great company


  8. Helpful (1)

    "Great Learning Experience, A Lot of Work"

    Star Star Star Star Star
    Former Employee - Investment Banking Analyst in New York, NY
    Former Employee - Investment Banking Analyst in New York, NY

    Pros

    Smart, interesting, and hardworking people; Good interaction with senior management

    Cons

    Very demanding, may lack some of the valuable resources you would be afforded at a bulge bracket

    Advice to Management

    encourage more mobility for younger people, not that easy to rise through the ranks


  9. Helpful (2)

    "Nice place"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Comp & Benefits
    Current Employee - Administrative in New York, NY
    Current Employee - Administrative in New York, NY

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

    Pros

    Nice offices, many nice people

    Cons

    Can be intense, long hours for many


  10. "Great company"

    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
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    I have been working at Lazard full-time (More than 10 years)

    Pros

    Great place to grow and start your career

    Cons

    This is not a place to stay, it's best described as a stepping stone to bigger and better things.

    Advice to Management

    You 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.


  11. Helpful (1)

    "Great learning experience being on a lean deal team"

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

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

    Pros

    You 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.

    Cons

    Culture 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 Management

    Improve the culture, try to keep up with bulge brackets in terms of work/life balance.


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