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I think they rank 10 or so in the league tables... but they have much less bankers... the revenue per head is just off the charts
Lazard - Prestigious MMs (Originally Posted: 09/20/2009)
For prestigious MMs like Lazard, do you still get more exposure than what you normally would at an average BB? or is it pretty similar to a BB?
Lazard is NOT MM.
im not going to say impossible, but sans networking, pretty gd hard
Lazard NYC (Originally Posted: 11/06/2008)
I was just wondering how hard is it to get into the summer analyst program there from a non target with stellar grades? anyone with any insight on this subject matter, please shed some light.
Lazard's really having a monster year (Originally Posted: 05/16/2010)
$119.5bn YTD announced in M&A (16% market share). Even assuming 20 bps that's almost $250m in fees. I'm guessing they're set up pretty top-heavy; how many bankers do they actually have on the ground? They're handling more volume than banks as big as UBS, Citi and BAML at the moment.
source pls? thnx!
Lazard - Info on the firm? (Originally Posted: 07/06/2007)
I have the opportunity to speak to a contact of mine at Lazard next week. I've done a little research on their website to get a feel for the company, but I was curious about what ppl here think of the firm. Also, does anyone know what kind of (if any) internship program they offer?
I would like to learn a little bit more about the firm before I speak with this guy, so any info anyone has about them (deals, interns, culture, etc) would be greatly appreciated.
Thanks in advance.
Also, does anyone know, for sure, what the pay is like at Lazard?
Lazard Middle Market - How does it stand in ranking? (Originally Posted: 03/10/2011)
What are your opinions on Lazard Middle Market? How does it stand in comparison with its MM peers as far as a place to work and a bank as a whole?
Go look at any league table (BBG, Thomson, Dealogic)
yea, it is a boutique
Don't tell anyone at LAZ that, they get offended when called a boutique. They'd probably tear your head off if you referred to them as MM though.
The Australian team is absolutely killing it: $11Bn announced YTD, 25% market share, 2nd place on league tables.
http://www.afr.com/markets/dealbook
Wikipedia.
Anyone?
I never got an offer, but made it to final rounds and got the hold thing. From a complete nontarget for any reputable ibank - just a lot of networking.
Maybe he/she is talking about the Lazard subsidiary?
they are a great bank...high on the prestige factor
yes i am talking about the Lazard subsidiary- Lazard Middle Market
Relatively updated league table from Dealogic: http://wsj.dealogic.com/SAP-Sybase-683840.htm
Supposedly they pay above the Street but work you even harder than the BB firms.
I know that when I interviewed there the people seemed like dicks. They asked stupid, abstract questions (you know, those "would you step on your friend", "What kind of fruit are you" and seemed to be really stuck up. Maybe they thought they were Lazard Freres...
Well in that case most people wouldn't call it "prestigious"...
If you are willing to work hard networking you always have a chance.
what about exit ops.?
[quote=DaCarez]Relatively updated league table from Dealogic: http://wsj.dealogic.com/SAP-Sybase-683840.htm[/quote]
God damn look @ CS. No wonder they get drunk and trash each others' cubicles.
[quote=DaCarez]Relatively updated league table from Dealogic: http://wsj.dealogic.com/SAP-Sybase-683840.htm[/quote] wtf Morgan Stanley is behind Citi and CS in m&a
top notch exit opps. on par with GS/MS.
An associate from my class at the PE fund where I work did an internship with Lazard after his junior year (he took a BB offer after graduation though, since the Lazard offer was for Chicago and he wanted NY). Apparently the culture there is pretty intense (as are the hours), but he liked all of the people he worked with.
As an intern, he was focused on things like industry research and not live deals. This may have been less interesting than live deals, but his hours were light (he refers to it as summer camp) and the Lazard name is certainly impressive on any resume.
it was surprising that GS TMT was not involved with the SAP/Sybase deal. CS is really killing it in m&a this year.
lol@malakari. I hope you are joking. What was your answer to what kinda of a fruit you are? ajajajajjajajajaj
Lazard mm is certainly NOT prestigious and it is nothing like a BB
Trust me, I network my pants off. I got this guys card from Blackstone on the train because I started the convo saying, "nice tie" haha
Yeah, I thought that was interresting. CS was the top recrutier at Wharton UG this year, just edging out Goldman. They must be doing something right.
Well then I think you have a chance, go for it.
a level below GS / MS top groups and UBS LA / CS LA / CS Sponsors / JPM M&A
Probably as good as some of the weaker groups in GS / MS potentially.
Top tier PE shops don't hire much out of Lazard, according to some of my freinds that did their analyst program there.
smuguy97....are you at a mm pe firm? did you get any insight as to if the base and/or bonus is above street?
do they get good mm pe recruiting?
As long as you can network, have a conversation at somepoint with a Lazard banker, get their card, and have them like you a bit, you are in the same posiiton as someone at a target school - they just don't have to do all this because Lazard comes to them. Easier said then done I know, but if you really want to do it you'll find a way. Good luck. What school do you go to and whats your GPA if you don't mind me asking
problem with Lazard is that many top guys are leaving, especially after Wasserstein died. leadership in that company is in flux...
lets see lazard 1 year or so from now after wassterstein's legacy and new leadership is instilled...
Average, not good or great. Certainly not on par with Blair, Baird. I don't think Lazard is as good as HW, at least in MPLS.
LOL i like how some people on here have this mysterious grudge against Lazard. Lazard analysts are known for being better than GS analysts, because Lazard is much more selective (and it has to be 'cause it's smaller)
-
Some background material you might want to check out.
Business Week cover story a few months back, there's some mention of compensation:
http://www.businessweek.com/magazine/content/06_45/b4008001.htm?chan=se…
Interview of Bruce Wasserstein with Charlie Rose. Awkward, but funny in a weird way, if you have the patience to sit through it:
http://video.google.com/videoplay?docid=4915862869123213919
I'm not sure where you're getting your info Westcoasting, but Lazard exit opps are top notch, absolutely better than CS LA and JPM M&A at the very least. They have recently sent people to Blackstone, Carlyle, TPG, and Apollo, just to name a few, plus a bunch of top hedge funds. Also, their placement in business school is pretty much unmatched on the street (I think it's something like 90% of those who go to business school from Lazard go to Harvard). On a percentage basis, I think Lazard places INTO PE better than most other places on the street, with the exception of probably GS TMT and UBS LA, and maybe MS M&A.
To the original poster, if you have a Lazard offer, I would seriously consider it. The prestige of Lazard is extremely high (it's harder to get a job there than pretty much anywhere else on the street since it's so much smaller than all of the BBs). The perception of Lazard bankers is that they have a certain pedigree (they're not the nerdy kids that you might see at other banks), and whether or not this is true, it can only help. Exit opps into PE, HFs, and business school are solid. I didn't get an offer there when I interviewed (made it to final rounds though), although I was very impressed with the firm and caliber of professionals there.
It would seem that promoting Boon Sim's working out well so far.
Lazard in NY gets CRANKED. People I know who work in that shop have comparable hours to analysts at UBS/LA or MS/MA. Expect 100 hour weeks to be the norm, not the exception. But, exit opps are the same as any other top group on the street.
Is probably because they were rejected from Lazard. I was too, but hey I hold no grudges. It's a great firm, no use denying that.
what if it's in a satellite office?
I believe top was 75k last year, but they pay 65k base, so it all evened out in the end...
Lazard has the name--everyone in PE knows that kids coming out of Lazard were crushed during their analyst stint and picked up a lot of skills and deal knowledge.
in my personal prestige ranking...Lazard is 3rd behind GS and MS.
The nicest bankers I've met are currently at Lazard (and others ex-Lazard). The analysts speak passionately about the firm's culture and value the fact that Lazard is a smaller shop where analysts get tremendous exposure. It seems that the exit ops are just as good as anything else, one of guys I met told me his ex-Lazard mates are doing everything from KKR to Yale Law School.
so you don't think there's a disadvantage being in a satellite office? how hard would it be to transfer to NY?
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