Overview

Introduction

Lazard is one of the world’s most prestigious investment banking firms. Its well-known M&A group has advised on some of the largest, most complex M&A deals of the past 100 years. Lazard’s excellent internship program allows interns to work on live deals alongside senior bankers and clients. Lazard excels at mentorship and individual development, giving its full-time bankers clear guidance on their strengths and areas for development. Lean deal teams offer a lot of responsibility.

Company Stats


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Employer Type

Public

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Size

1,001-5,000 Employees

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Featured Rankings

Vault Banking 25


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Major Office Locations

New York, NY


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Employment Contact

Recruiting Team

Firsthand Findings

One of the most prestigious investment banking firms on Wall Street, Lazard is looking for hardworking, motivated, intellectually curious, personable, confident candidates interested in finance and eager to learn. Lazard runs a robust internship program for students, offering interns the same experience as full-time employees. Interns have access to an in-depth on-the-job training program, and extensive networking opportunities. For full-time junior bankers, the career development opportunities are equally as extensive, and include a mix of formal programs and informal opportunities. There’s also the ability to work internationally, and given the lean deal teams and high-profile transactions, hands-on deal experience can be second to none.

Although hours can be l...

About the Company

Founded in 1848, Lazard has advised on some of the most significant mergers and acquisitions in Europe and the Americas since the beginning of the 20th century. The firm's modern history can be traced to the year 2000, when the “three houses of Lazard” (based in New York, Paris, and London) formally united as one partnership. The firm went public in 2005 and today is the largest advisory-focused investment bank, with offices in 41 cities across the world. The firm is led by Kenneth Jacobs, its Chairman and CEO, and employs more than 3,100 people globally.

Lazard has two businesses: financial advisory and asset management (each account for approximately 50 percent of the firm's revenues). The financial advisory business advises companies, boards, governments and sovereign entities on M&A transactions, capit...

Employee Reviews


  • “Lazard is laser-focused on culture and work/life balance, recognizing that investment banking is a client business that requires hard work and long hours. The firm has rolled out a number of initiatives, including allowing bankers to work from anywhere in the world for one uninterrupted month per year, reducing marketing work on weekends, and enforcing Protected Weekends for both analysts and associates, among others. In addition, each group has its own initiatives above and beyond the firm’s (e.g., finding ways to streamline workflows, hosting social events, etc.).”
  • “My group is usually really great at respecting vacation time when requested weeks in advance and generally protective of weekends. I feel like my coworkers are genuinely interested in my hobbies and want me to have a life outside of work. However, there definitely is an aspect of the job where you feel like you need to be available at any time of the day. It is difficult to make plans in advance because of the unpredictable nature of the job. I sometimes don’t know on a weeknight what time I will get off work until a couple hours before.”
  • “Perhaps due to the location (San Francisco), work culture is vastly better than when I was a banker out of NYC. Hours are manageable, weekend work is held to an absolute minimum (only for live, closing transactions), and vacation policy is essentially unlimited as long as you work around your schedule. Hybrid home/office policy (M/F at home, T, W, Th in office) also helps alleviate the feeling of living at the office. More subsidy for at-home office equipment would be good, especially for junior bankers, given that we're expected to have an entire set-up at home.”
  • “Lazard treats its bankers with respect and agency. Remote work is allowed up to 30 consecutive days—from anywhere in the world with wi-fi. Face time is largely gone, and the content of the work is mostly high quality. AI and technology have been employed to increasingly eliminate the drudgery elements. In practice, PTO is unlimited as long as your work is getting done. It’s still a client-driven business with high expectations on quality thinking and output. But the investment is worth it!”

Getting Hired Here


  • “Entry-level interview is standard for the Street. Introductory call/coffee, then first-round interview, then Super Day with six interviewers of varying seniority. The ideal candidate is extremely smart, self-directed, a good communicator, and eager, and has a natural aptitude for numbers and passion for the sector.”
  • “We offer multiple recruiting cycles to drop your resume and enter a formal interview process. There are three 30-minute phone screens and then three back to back 30-minute Super Day interviews in person. We also offer diversity recruiting events to enter accelerated processes. We are looking for hardworking, motivated students who are interested in finance, intellectually curious, knowledge seekers, personable, well-experienced and confident.”
  • “We are looking for candidates who are very smart, hardworking, competitive, with high academic achievement and high analytical capabilities. We can identify quickly the standout candidates. We also look for personal charisma, and the ability to interact on a team and with clients. We are open to finding candidates at every school.”
  • “Very structured interview process with each interviewer testing different dimensions of the candidate. Lazard is seeking smart, polished, hardworking individuals who can take responsibility and make an impact on the team from the beginning. Given the lean deal teams, it is better to have someone who can hit the ground running.”

Perks & Benefits