Lazard Reviews | Glassdoor

Lazard Reviews

Updated November 16, 2017
126 reviews

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126 Employee Reviews

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Pros
  • Strong deal flow and very good place to build your skills (in 14 reviews)

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

Cons
More Pros and Cons

  1. Helpful (4)

    "Trade-offs..."

    StarStarStarStarStar
    • 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!


  2. Helpful (2)

    "Executive Assistant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend

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

    Pros

    It's in a good location. The bonus structure- while lower than most IB's, is consistent.

    Cons

    You won't be treated like a person. The HR department doesn't care about anyone except the high level executives- don't even bother trying to voice your concerns with them- they will fall on deaf ears.

    Advice to Management

    treat all employees with respect. even the "lowly" assistants.

  3. 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


  4. Helpful (3)

    "Investment Banking Analyst"

    StarStarStarStarStar
    • 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


  5. Helpful (1)

    "ALTERNATIVE INVESTMENTS OPERATIONS"

    StarStarStarStarStar
    • 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.


  6. Helpful (2)

    "Associate"

    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
    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.


  7. Helpful (3)

    "Laz NY IBN hours are horrible"

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

    I have been working at Lazard full-time

    Pros

    Firm prestige and quality of work is high

    Cons

    They overwork you to the core (especially in NY and Boston office)

    Advice to Management

    Make the satellite offices feel more connected to NY HQ

  8. Helpful (4)

    "Associate"

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

    I worked at Lazard (More than 3 years)

    Pros

    Great people. Great exposure and learning experience. Hard workers will be rewarded with great projects and cool teams.

    Cons

    Junior work an average of 90-110 hours a week and rarely get to enjoy the weekends.
    It gets a little too political when you reach more senior roles.


  9. Helpful (1)

    "Junior Employee"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Lazard full-time

    Pros

    A work environment filled with very intelligent and ambitious people. Everyone is held at the highest standard and rewarded for performance. A great place to start your career

    Cons

    Very little communication between the top level of departments and the bottom level of departments. Creates unnecessary work and wasted efficiency

    Advice to Management

    Consider adding in a program which adds touch points between all members of group to foster a more collaborative environment


  10. Helpful (2)

    "Review"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Brand name for PE recruiting

    Cons

    Near zero work life balance


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