Lazard Employee Reviews | Glassdoor

Lazard Reviews

Updated February 24, 2017
103 reviews

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103 Employee Reviews

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

  • Strong brand name and good deal flow across many industry groups (in 9 reviews)

Cons
  • Horrible work-life balance - worst than most IB (in 13 reviews)

  • Long hours so your social/personal life suffers somewhat (in 23 reviews)

More Pros and Cons

  1. 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


  2. Helpful (4)

    "Terrible stuffy office enviorment"

    Star Star Star Star Star
    • 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

    Pros

    health insurance is very good

    Cons

    place is a nightmare. not competitive salaries, people getting screamed at on the floor, management is a mess, HR turns a blind eye to obvious violations.


  3. Helpful (7)

    "Most toxic workplace environment on Wall St"

    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
    No opinion of CEO

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

    Pros

    Great brand name within finance. Amazing office location. Nice offices. Hard to come up with 20 words of positivity.

    Cons

    Intense, unfriendly environment day to day. Unsupportive of time off of ANY kind. Neurotic senior management with unreasonable expectations -- armies of Miranda Priestlys. Multiple people had mental breakdowns/hospitalizations from exhaustion due to overworking, and management + HR still turned a blind eye. Bonuses are minuscule compared to other places on the street. It's just not worth it.

    Advice to Management

    Acknowledge fellow employees -- even a hello on the elevator from time to time would be an improvement to current status quo, stop turning a blind eye to the ridiculous turnover and miserable work environment. Other banks are making positive lifestyle changes for mid and junior level bankers, and meanwhile you think you can rely on your brand name when banks more prestigious than you are stealing all the top young talent.


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  5. Helpful (2)

    "Hot Seat environment"

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

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

    Pros

    good pay rate, they want to get return on every dollar they spend
    good pay rate, they want to get return on every dollar they spend

    Cons

    every 15 minute updates taken by manager, this puts you in mental termoil, you are on hot seat if you fail you are fired you have to go through this tension every 15 minutes .
    worst manager i ever worked for
    every 15 minute updates taken by manager, this puts you in mental termoil, you are on hot seat if you fail you are fired you have to go through this tension every 15 minutes .
    worst manager i ever worked for

    Advice to Management

    you cant get things done in 15 minutes


  6. Helpful (1)

    "Old school banking"

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

    Pros

    Great name, smart senior leadership, good market positioning. Some groups have great deal flow.

    Cons

    "pay your dues" mentality prevalent in banking, view of analysts as "bodies" rather than humans, cost-cutting and ancient tech systems inhibit productivity (borrowing CapIQ from a friend is just sad)

    Advice to Management

    Grinding through analysts is standard practice but you have to at least match your more prestigious competition in comp and lifestyle.


  7. Helpful (1)

    "Investment banking"

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

    Pros

    good people good working enviroment

    Cons

    long hrs, feel really stressed

    Advice to Management

    good


  8. Helpful (2)

    "Brutal"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Intern
    Current Employee - Intern
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    Pros

    Modeling Experience, lots of responsibilities

    Cons

    Brutal hours, basically live in the office

    Advice to Management

    Less pitch work, more analyst


  9. Helpful (2)

    "Great Experience"

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

    Pros

    Great bank, wonderful people who took the time to explain everything to me. Great on resume. Really helpful experience if you want to work in finance.

    Cons

    Slightly smaller investment bank (boutique) than the big BBs and very intense work schedule.


  10. Helpful (1)

    "Analys"

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

    I have been working at Lazard full-time

    Pros

    The pay is pretty good

    Cons

    I never get to leave my desk


  11. Helpful (2)

    "Intern"

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

    Pros

    Great coworkers, nice view, interesting new projects. The work seems interesting at times.

    Cons

    Sometimes it feels as things are too simple and that I am overqualified for many takes.



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